United Kingdom
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none of this oil will be sold in the UK, its only for export. We buy electricity on the global market, so it wont lower bills.
It will make somebody some serious money, and create a load of jobs which is awesome. But its the same rationale as fracking, where the oil is similarly finite, so we totally screw our natural resources in the short term while we extract a fuel which is very high energy. Instead we could do an entire range of tidal or wind energy projects to create the jobs, but why do that when we can leverage our short lifespans to justify making a quicker buck and sticking it offshore in a bank account and trust fund nobody can touch. A design for life