Scottish Referendum

North Sea oil: Facts and figures

North Sea oil: Facts and figures

Ignore the, “Blether Together” hype. First off residents of an independent Scotland, (without adding in the financial benefits of oil & gas) would enjoy an annual Gross Disposable Income (GDP) comparable with rUK. So both countries would continue to be entirely self sufficient maintaining existing trading policies.

Adding in the financial benefits of oil and gas increases the annual GDP of Scottish residents by approximately £6000. The Scottish government intends to set aside at least 10% of the recurring windfall income, retaining it in a, “Sovereign Wealth Fund”, (something the Westminster government, now cheerfully admits it should have done at the time the oil started to flow but didn’t) to provide long term benefits for the Scottish nation for many year’s to come.

The article provides support to the foregoing;

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