South Africa is sitting on around 30 billion barrels of oil equivalent, mostly under the seabed. Frans Cronje walks Gabriel Makin through The Common Sense's three scenarios: leave it in the ground (growth stuck at 1%, unemployment over 30%), pump it out and export it (growth doubles to 2%), or use it as a catalyst for industry (growth of around 4%, settling above 3%, and unemployment down from 33% to about 20% over 20 years). They then discuss the Constitutional Court's Shell judgment, and Frans explains why it is a tragedy.