Royal Society Panel discussion: "Should we drill the Great South Basin?"
17 Jul 2008 - 7:30pm
New Zealand Geophysical Society
Panel discussion: "Should we drill the Great South Basin?"
Date: Thursday 17 July 2008, 7:30-8:30 pm,
Science House (RSNZ premises) Turnbull St, Thorndon
Free entry
Imagine that there has been the discovery of a North Sea sized gas and
oil field in the Great South Basin. What would it mean for New Zealand?
Should we drill it?
Panelists
Dr Chris Uruski, GNS Science, will outline the geological setting
Oil industry speaker - tba - will discuss the impact from the
perspective of the petroleum industry
Dr Geoff Bertram, Economist, Victoria University Wellington, will
discuss the likely economic consequences
Discussion from the floor will follow.
Yes and no
we should drill it in 10 years time, when it's worth 10 times as much!
too much of nothing
I hear that there is talk of as many as a billion barrels worth of oil. as such, and the inevitible over-exaggeration of supply notwithstanding, even at today's prices, its worth around $200billion. Thats more than the GDP of NZ - but ewe'd only get a very small amount of it ...... and those billion barrels would keep the world on business as usual for ............ just over 11 days!!!!!!!!!
i think we should wait 40 years when its seen as a precious taonga to be ultra refined to oil hip joints and lubricate solar panels on space ships or whatever - and any thought of burning it in cars or making cosy socks is considered as obscene as killing whales for oil lamps.