Knew me oceanography would come in useful one day... from memory windmill average depth of North Sea is less than 100 metres and the Mediterranean is over 1000 metres average so to call the Med a shallow sea is incorrect sir/madam.
Message posted by razaker on 20áNovemberá2011 at 11:48am - IP Logged
The trouble with mining anything, including oil, is that it has to be cost effective.
It may well be that no mining companies will be interested in tapping these reserves until the cost rises or easy to get to reserves are exhausted elsewhere
And as with everywhere else in the world, it is foreign companies which end up up exploiting the opportunities
If Greece seriously wants to exploit its own reserves then it should be concentrating on training up Greek people in the skills and science of oil exploration and helping them to get jobs and experience in other parts of the world first.
As anyone who has tried to get into the oil industry in the UK will know, it is chicken and egg, you need experience - it is a closed shop, yet no-one will give anyone a chance to gain that experience. This has resulted in an aging workforce within the oil industry in general
And why do you have to have experience? Most engineering skills are tranferable you may say - will - it is down to the Americans again. They are scared stiff of litigation is things go wrong - this has been the case ever since the Piper Alpha disaster in the North Sea. They insist everyone has to be experienced because they claim it will lay them open to prosecution if it can be proved they are using inexperienced staff!!
So Greece may have valuable oil fields etc but they must concentrate on building up their own industry rather than relying on foreign investment to exploit the resources
Message posted by suffolk-steve on 20áNovemberá2011 at 5:34pm - IP Logged
On route back to the UK, off Italy there are lots of production installations. Like now the offshore wind farm it will produce lots of labour for those willing to work. Here in East Anglia there are small ship yards making supply/support vessels to maintain these windfarms, plus local jobs, so before people start saying about the eye-sore it will cause people need a living and we all know we need, Oil, Gas and minerals we extract.
Message posted by suffolk-steve on 20áNovemberá2011 at 5:59pm - IP Logged
But as for wind farms which are ineffective for 28% of the time, no wind no electric, and the UK subsidise's ú300,000 a year to meet European quotas, renewable energy = 14% of electric bills goes to this and a bit of an eye-sore
Message posted by angela_h on 20áNovemberá2011 at 6:32pm - IP Logged
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