Ever heard about Rockall in the North atlantic ocean?

Rockall (Irish: Rocal, Scottish Gaelic: Rocabarraigh) is an extremely small, uninhabited, remote rocky islet in the North Atlantic Ocean. It gives its name to one of the sea areas named in the shipping forecast provided by the British Meteorological Office.

Some data:
Area 784.3 m2 (8,442 sq ft)
Length 31 m (102 ft)
Width 25.3 m (83 ft)
Highest point 21.4 m (70 ft)
wiki link

And now there is OIL and possibly Natural gas
A fight over a tiny rock Rockall is unfolding In the North Atlantic. It is claimed by the United Kingdom, Ireland, Iceland and Denmark. It is unlikely that a piece of land with the area of ​​570 square meters would have caused such an interest if it had not been for the oil found under it. Now the UN will decide who will be the proud owner of the "Golden Rock".

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reply to post by Pokoia


Mods please correct my mistake, I probably posted this in the wrong category.
Sorry, wont happen again, but it is my first post.

Global Meltdown looks like the right place to post it by my thinking. This has the same potential for fighting and war (economic more than military given the marshmallows involved here) as a similar set of Islands in the South China Sea. If/When the Euro takes the big crash into the abyss and European stability goes down right behind it, this little bit of oil wealth and resource up for grabs may just come into play with a desperation far outside it's importance in normal times.

We'll see...but the timing here for this one, the oil/gas fields between Israel and Greece as well as the South China Sea just keep getting worse. Whats next? A few hundred tons of extractable gold is proven in Antarctica? At least we're already sending Marines in that direction...we'll be ready!

reply to post by Wrabbit2000


Thanks , that was more luck than wisdom then.

BTW, every oil field outside the middle east could grow in importance fast if the MI heats up.

reply to post by Pokoia


Well despite popular opinion the oil in the Middle East is not as important as you would think...greedy west we are we would like to use it first then tap our own vast fields. The US alone has massive amounts of oil...the infrastructure and manpower, and technology to get it as well. The Middle East is a cheaper enviroment to operate in and this is why many companies prefer it...but more than enough oil at home...to the point where we could never depend on anyone.

www.nextenergynews.com...

reply to post by Pokoia


yes - i have - been there , done that

reply to post by ignorant_ape


PS - i am still waiting for the krill harvest fro the falklands waters , never mind the oil / gas

there may be oil
under rockall
[it's locked up in the ether]

Originally posted by ignorant_ape
reply to post by ignorant_ape

 

PS - i am still waiting for the krill harvest fro the falklands waters , never mind the oil / gas

Let's not harvest krill, the whales need it, at least the blue ones.

Originally posted by decepticonLaura
there may be oil
under rockall
[it's locked up in the ether]

Locked up in the ether??????
Please explain this.

reply to post by DJMSN


Yes, in pure numbers that seems true.
You have to take in account that a lot of Middle east oil is light oil.

Most refineries in the USA are not able to work on the thicker variants.

What I considered most interesting about this rock is that it seems to be that it is the UN that gives this PRIZE to one of the claiming parties.

What will be the grounds and has this been done before.

What are the facts that will be taken into consideration?
Will there be a secret agenda, a hidden favourite party?

reply to post by Pokoia


the density of crude oil a refinery can process , is designed

The price of gold has hit an all-time high of $1,900 an ounce, and Romania possesses the largest reserves of gold and silver in all of Europe.

In 2007 Romania stated that no gold mining with arsenic would be allowed.

Now it is a bit different.

link

Its all about money and cheap resources.

Originally posted by ignorant_ape
reply to post by Pokoia

 

the density of crude oil a refinery can process , is designed

Yes, so without a big overhaul they can not process their own, domestic, oil.

reply to post by Pokoia


Ireland and the UK (because of NI) have the best claim, technically it's within Irelands rights by closeness, they probably figured Britain would conquer the West side of the Island for the oil lol. But anyways, the oil exploration has already been sanctioned by the Irish and British governments with equal rights granted. Iceland is mad as hell about it, but honestly their claim is a long shot. Not nearly as big of a longshot as Denmark who is nowhere near the little rock yet still exerts a claim over it (2004) even though Ireland and Iceland have claims going back to the 80's/90's

According to the UN treaties ratified by all 4 nations, Ireland and the UK both have "legal" claims because it's within 200 miles of their coastlines .. technically Ireland has the superior claim because it's closer. So they share it.

reply to post by Pokoia


Actually everyone has told the UN to screw off pretty much.. but use it also as a way to legitimize their claim. For instance Iceland doesn't claim the rock it's self.. they claim mineral rights, as does Denmark. Ironic that the same issue is currently taking place in the South China Sea as well.

reply to post by Rockpuck


So, you say its a done deal already?

Originally posted by Rockpuck
reply to post by Pokoia

 

Actually everyone has told the UN to screw off pretty much.. but use it also as a way to legitimize their claim. For instance Iceland doesn't claim the rock it's self.. they claim mineral rights, as does Denmark. Ironic that the same issue is currently taking place in the South China Sea as well.

Yes the easy spots to find oil or minerals are scarce now. Lots of "new"spots to find these materials, usually for more expensive to exploit.

reply to post by Pokoia


There are contests to either the entire oil field or partial oil field.. right now Ireland and the UK have already given contracts for oil exploration/extraction .. as far as I know, besides pissing a lot of people off, no one has directly challenged them.