Ireland makes huge offshore oil discovery

BBC:

Ireland is on the verge of securing revenue from oil that could run into billions of pounds.

Providence Resources Plc, an Irish and UK company, has confirmed its Barryroe site, 30 miles off the Cork coast, should yield 280m barrels of oil.

The money generated will depend on the market value at the time of extraction and on licensing arrangements.

Providence chief executive Tony O'Reilly Jr said this was the beginning of an Irish oil industry.

He described it as a huge success story, following decades of exploration around the Irish coast.

"The great news today is that Barryroe is on a path towards development," he told BBC Northern Ireland's Good Morning Ulster.

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They are looking for companies to do more drilling along the Irish coast.  It is too bad Democrats are blocking this kind of development off of most of the coastal US.  It is how Democrats are outsourcing jobs and energy security under the ridiculous premise that we will use less oil, if we drill less.  That has been disproved beyond doubt over the last four decades.