We’ve heard much from Unionist politicians and media of the supposed terminal decline of the North Sea as a source for revenue. We know now that was propaganda and several major figures have suggested a Third Wave boom to come in the next few years. See for example:
Now the Chevron CEO has said:
‘There is no sign of peak demand right now. For the next 10 or 20 years, we expect to see oil demand growth.’ Also, BP have predicted [See above graph] a growing but too small, growth in renewables to enable any major replacement of fossil fuels.
According to Oil & Gas People:
‘Cars account for about a fifth of oil consumption, BP estimates. So, if electric vehicles do eventually capture mass markets, oil firms would still expect growing demand from the air, rail and trucking industries.’
Like most of you, I want to see a greener economy but it’s worth reminding those of a Unionist bent that they cannot use the supposed end of Oil to undermine the case for Scottish independence.