Old Project Avalon Forum (ARCHIVE) - View Single Post - The Headline Should Read, "First it was oil. It still is."

Ross H · 02-19-2010, 10:28 AM

Steve, you got that right my friend.

1950 New Zealand, American oil exploration team found huge reserves off the South Island, It was made public, My Dad told me about this story when I was a young fellow. Tho it made the headlines and with great hope abound as to the talk of riches coming forth, it all went quiet. 2 years later it was announced that the oil was to deep and to expensive to extract. Many spoke up with data about the North sea wells and how NZ was an easier task. It slowly faded into ablivion and I have never heard more since.

I have always thought this about many regions in the world, that they are just sitting on. I have never bought the 'its running out soon' bs.

Peace

02-19-2010, 10:28 AM	#2
Ross H Project Avalon Moderator Join Date: May 2009 Location: Queensland Australia Posts: 507	Re: The Headline Should Read, "First it was oil. It still is." Steve, you got that right my friend. 1950 New Zealand, American oil exploration team found huge reserves off the South Island, It was made public, My Dad told me about this story when I was a young fellow. Tho it made the headlines and with great hope abound as to the talk of riches coming forth, it all went quiet. 2 years later it was announced that the oil was to deep and to expensive to extract. Many spoke up with data about the North sea wells and how NZ was an easier task. It slowly faded into ablivion and I have never heard more since. I have always thought this about many regions in the world, that they are just sitting on. I have never bought the 'its running out soon' bs. Peace __________________ Ross H, formerly known as jross.