It’s a story of Machiavellian political intrigue with oil companies, Scottish lochs, nuclear submarines and a government at war with the socialist industrial heartlands of its country.
If the Scots vote to secede from the U.K., nearly all of the British North Sea oil fields, as well as half of its natural gas fields, would end up under Edinburgh’s control.
Alex Russell, professor of Petroleum Accounting at Robert Gordon University (RGU) said he will back independence ‘to ensure that Scotland’s oil wealth is used to benefit its people’ and believes that if Scotland had become independent in 1975, it would not have suffered from national debt.
JOAN looks to debunk some of myths about Scotland’s oil wealth ahead of the independence referendum
The trickle of speculation relating to new offshore revenue for Scotland has turned into a stream of hard facts from figures across the oil industry, with even a UK Government source describing new finds as “enormous”.