In Energy Voice yesterday:
‘New figures have been published by the Scottish Government showing a boost in sales for 2017-18, although production has dipped. The sales value is up by from £16.9bn in 2016-17 thanks to higher oil prices. Scotland accounted for 81% of the overall UK total, down from 82% the previous year. The majority of crude oil production took place in Scotland, meaning Scottish production of sales income was higher than the production 81% share, as crude oil is more expensive than gas.’
As you know from BBC Scotland, this is bad news for Scotland’s economy. Other reports of bad news, reported here, include:
Scottish crude oil value surges to record level in more than 3 years
A fifth prediction of oil rising to $100 per barrel for Scottish oil, suggests pre-tax revenue of around $1 trillion!
As Scottish oil industry booms, Aberdeen contractors more confident but Scottish media pay little attention.
As oil prices soar and exploration increases, employment in Scotland’s oil industry returns to record levels
A wealthy independent Scotland? Nearly $300 billion in new oil revenue to be unlocked in latest offshore licensing round.
According to Bank of America, oil prices could hit $100 a barrel next year but all of Scotland’s ‘business correspondents’ miss the news again and for the fourth time in a year.
Scottish oil surging back toward £100 per barrel and massive Treasury revenue?
Oil prices to rise to $70 per barrel this summer as two new fields are discovered in last two weeks
Another major oil-find in Scottish sector of North Sea
Multi-million-barrel oil discovery in North Sea