High oil prices continue to weaken confidence in Scottish economy

From Energy Voice yesterday:

‘Brent crude traded near a two-month high as shrinking oil inventories pointed to an increasingly tight global market. Futures in London were up 0.5 percent after surging 2.2 percent on Tuesday. Industry data showed U.S. inventories slid 8.64 million barrels last week. West Texas Intermediate for October delivery rose as much as $1.31 to $70.16 a barrel on the New York Mercantile Exchange and traded at $70.05 a barrel as of 1:44 p.m. London time.’

https://www.energyvoice.com/marketinfo/181483/brent-crude-hits-two-month-high-as-stockpiles-dwindle/

Why are those Norwegians jumping up and down, cheering? Don’t ask me.

Luckily, our good friends in the Treasury will help Scotland out by giving away all of those worrying revenues. See:

http://www.taxresearch.org.uk/Blog/2018/09/03/london-is-giving-away-scotlands-oil-revenues/

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