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.

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Russian Imperialism is a greater danger to the World today than AlQueda terrorism

I'd just like to add that in this World today 80% of all oil extracted - it is done by State owned monopolies. These being Police State Oligarchy such as Russia and China or Islamists states without Democracies.

Of course that is not how it is done here in the UK (or in the US)


So we are open to business!!! Plenty of oil related jobs to be had. $200K/year salary easy!!!

The revenue gained by the UK Government in the next 30 years will have a major political effect. Just as it did in the last 30 years - just ask Maggy Thatcher!

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Russian Imperialism is a greater danger to the World today than AlQueda terrorism

Let's hope that some of that oil will come into the US market

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Good news for the Scots. If only the news was relevant to the current oil crisis.

Well I might have been tempted to put it in the "Current news" section then!


But really it does!

http://www.chinadaily.com.cn/world/2...nt_6673565.htm

http://www.uofaweb.ualberta.ca/china...39&nav01=43092

So it does have a bearing - if only to drive home to the thickys that THERE IS NO OIL SHORTAGE TODAY OR PREDICTED!

Having Oil gives the Country Political power - and Scotland will rank about 7th in the World Oil producing countries for the next 30-40 years


God blessed Scotland!

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Russian Imperialism is a greater danger to the World today than AlQueda terrorism

No wonde why the Scots want their freedom from the English...

I disagree I want to maintain the Union and Britain as a whole should benifit from the windfall of all the resourses of the British Isles.

But a lot of Scots want freedom and i dont blame them.I mean think how rich would you be if all that oil belong to Scots only...

It is on a knife's edge

http://www.telegraph.co.uk/news/ukne...oll-shows.html

52% of Scots and 59% of English want Scotland to be independent.


I strongly disagree with this foolhardy idea. There will be an Independence referendum in 2010 - so watch this space .....


I shall vote for maintaining the Union of the British peoples - its better to share!

So if you like to share why are you against to the idea of a federal Europe?

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Knave of the Old Republic