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What "peak oil" -- from the Beeb:
Kenya oil discovery after Tullow Oil drilling
Oil has been discovered in Kenya after exploratory drilling by Anglo-Irish firm Tullow Oil, President Mwai Kibaki has said.

The discovery was made in the country's north-western Turkana region.

Mr Kibaki said it was "the first time Kenya has made such a discovery" and called it a "major breakthrough".

Kenya is a regional business and tourist hub with the largest economy in East Africa, although its relative wealth is not based on mineral riches.

The Kenyan president said Tullow would drill more wells to establish the commercial viability of the oil.

"It is... the beginning of a long journey to make our country an oil producer, which typically takes in excess of three years. We shall be giving the nation more information as the oil exploration process continues," he said.

Tullow Oil, which also struck oil in neighbouring Uganda, said the Kenyan find had exceeded their expectations.

"This is an excellent start to our major exploration campaign in the East African rift basins of Kenya and Ethiopia," said Angus McCoss, the company's exploration director.

He added: "To make a good oil discovery in our first well is beyond our expectations and bodes well for the material programme ahead of us."
Those who say that we are at the tail end of our oil reserves are either willfull idiots or else, they are prosecuting a political agenda to misinform the general public. The general public deserves better -- much much better. The green movement has done more direct harm to people's welfare than any other movement with the exception of socialism or communism.

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This page contains a single entry by DaveH published on March 26, 2012 11:12 PM.

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