‘Significant’ oil find made in North Sea

“The discovery was also welcomed by Alex Salmond, leader of the Scottish National Party, who said that reports suggested the field could contain around 500 million barrels of oil.”

PO.com asks if there is any better evidence of current peaking of conventional oil than this pronouncement that a weeks worth of oil is a “major” discovery?

http://business.timesonline.co.uk/article/0,,9072-1395568,00.html