Originally Posted by lunecat

http://news.bbc.co.uk/1/hi/scotland/7435151.stm

Plenty of reports emerging from the Scottish Oil fields that an estimated 30 billion barrels of oil remains to be extracted, estimates 25 years of production and would put Scotland on a par with Kuwait as a World oil producer.

Advances in oil drilling techniques, such as 'directional drilling' and the rising price of oil has meant that previous supplies that remained untouched will will now be extracted - leading to a windfall in tax revenue for the UK Government.


This is of course excellent news for the UK and World wide companies that are involved in the oil extraction business in the North Sea and to the Scottish and UK at large economy.

I have several friends that work out of Aberdeen (Oil capital of Europe) and they will be most happy as they will be able to purchase another house for their property portfolio.