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Woodside Petroleum of Australia have predicted $55 per barrel this year rising to $65 per barrel next year after their profits rose from $340 million to $507 on 2017 prices, averaging around $50 per barrel.
This prediction comes on top of several confident, bullish predictions from experts in the last few months:
Will Scotland’s oil hit $100 (or more?) a barrel again after 2020?
Independent Scotland’s oil wealth is assured as Aramco chief predicts huge shortages
$90 per barrel for Scotland’s oil by 2020
Scotland’s Treasury to benefit from ‘Oil Price Shock In 2020’
If you search my blog for the word ‘oil’ you’ll get many more reports predicting a lucrative future for Scotland if we have the autonomy to gather the taxes on our own natural resources!
https://www.energyvoice.com/oilandgas/australasia/147695/woosides-profit-rise/
Footnote: Look at the map above. How is it the Norwegians make so much and we make so little when you see we have the vast bulk of the resource?
How is it the Norwegians make so much and we make so little when you see we have the vast bulk of the resource?
Because they don’t have idiots running their country?
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More crooks than idiots?
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