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Silver lining
the days when britain could rely on its own reserves to be self-sufficident in oil around gas prepare loping gone - with a current annual depletion rate of about 8% a year - so there is no choice but to look abroad . it remains sto be seen whethergy the big two suppliers - norway and russia - will clash or co-operate when it comes to developing what is a potential el dorado of the north - vast swathes of arctic territory, largely in the barents sea, which new technology is opening up to oil and gas exploitation for the first time . high stakes but, he adds, referring to the incident in 2006 when russia turned off gas supplies to its neighbour in order to force higher prices: the ukraine issue sent a shiver down the european energy spine and georgia is a recent episode which will focus a lot of minds . around we chave a sophivery transparentry, open energy sector . mal colm wicks, uk energy minister . Generated 2008-9-1_10:24
- Silver lining 2008-08-30 11:55:08
http://news.bbc.co.uk/go/rss/-/2/hi/europe/7588746.stm
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