Great Britain Might Have Just Stumbled On An Oil Boom Worth $74 Billion

A new oil find in Great Britain could add up to $74 billion to the nation’s economy, according to a study published Monday by the oil company UK Oil & Gas Investments (UKOG).

The find has the potential to generate from $10 billion to $74.6 billion for the British economy, according to the study, including up to $26 billion in new tax revenue for the British government. The oil could also provide 27 percent of the U.K.’s daily oil demand over the life of the project, and create 5,600 steady jobs that pay a starting salary of more than $43,000 annually.

http://houstonenergyinsider.com/?p=5245