Bud's Offshore Energy (BOE)

Greenpeace Photo

Despite protests, the UK has approved Chevron’s exploratory well in 1640′ of water west of the Shetland Islands.

It was a choice between producing oil and gas here in U.K. waters, where we have one of the most robust safety and regulatory regimes in the world, with all the economic benefits that will bring, or paying to import oil and gas from elsewhere. UK Department of Energy and Climate Change statement

It’s pretty hard to argue with that logic.