London - Big ben and houses of parliament, UK

In tomorrow’s budget Chancellor George Osborne is going to greenlight the £33Bn Crossrail 2 project.  He reckons that Crossrail is a top priority scheme for London.  He’s right.

London is the world’s second greatest city (after Brisbane of course).  And I’m pleased London is taking its infrastructure seriously.

So, George – I have some good news for you.  I might be able to help you pay for it.  You see, there’s a damn good chance that there’s oil under London.  Probably quite a lot of it!

The recent Gatwick Gusher oil discovery at Horse Hill, a mere 6 miles south of the M25, proved that those big thick juicy limestones in the Kimmeridge Clays, sitting only half a mile beneath the picturesque Surrey countryside, are full of the black stuff.