CNN Money reports that oil has been
discovered at an onshore site in South England near Gatwick
Airport.
Exploration firm, U.K. Oil & Gas Investments,
confirmed the news on Thursday, stating that there is an estimated 100 billion
barrels of oil at the location. According to reports, “that’s more than double
the amount of oil pumped from Britain’s energy offshore North Sea fields in the
past 40 years.”
However, BBC reports
that only a fraction of the 100 billion total would be recovered.
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