According to Reuters, Brent crude touched $77.20 per barrel, yesterday. Today, Alex Kemp, professor of petroleum economics at Aberdeen University predicted that Oil could breach $80. This prediction was triggered by President Trump’s intended sanctions against Iran, but higher prices have long been predicted, based on the massive growth of the South and East-Asian middle classes. See:
Further strengthening the expectations of continued wealth from North Sea Oil, is the evidence emerging that peak oil is some way off. See:
This suggest massive taxation possibilities which could accrue to an Independent Scotland, assuming our Treasury has the will to properly tax the producers, which the UK Treasury mysteriously does not. See:
While I agree that the case for independence should not be reliant on oil, surely we cannot ignore this gift next time and must make sure it is common knowledge that Scotland should be rich?