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:
Oil companies making more at $50 per barrel than they did at £100 per barrel yet the UK Government is not taxing them. Is this a ploy to undermine the case for Scottish independence or just interlocking elite corruption?
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!
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?