Ugggh, yet another big oil reserve pissed away by dumb stupid politics. How it goes....... 1. Nationalize BP and other private companies. 2. No private investors in oil development since they don't want to lose their property. 3. No worthwhile "public" investment (example see Mexico) 4. Basic maintenance cut back as government drones have little interest in ACTUALLY running what they stole, making longer shutdowns and more breakdowns 5.Declining oil pumping as old wells go out of service (some due to no maintenance) and fewer or no new ones to replace them. 6. Wealth declines as money is spent on whatever not invested, and no new revenue or wealth created.
Result, giant oil reserves locked up that Scotts won't be able to use because they cannot afford to anymore. Whoever ends up exploring for that oil will be ten times worse then the evil BP.
Its too bad the oil isn't in Ireland, at least some there get it.