ITS SCOTLAND OIL! There is a lot of lies and half truths about Scotlands ability. Even George Osbornes speech in the budget says Scotlands oil is running out. Take a few minutes to play, then read below this highly incisive and engaging documentary BBC link: BBC SCOTLAND (April 2013) by Halley Millar:, Business Correspondent: THE TRUTH AND LIES ABOUT OUR OIL (EXPERTS : 160 YEARS MINIMUM) m.youtube/watch?v=V_9iod_IWmw ============================= ============================= The maths is: 30bn barrels of OIL*159 litres per barrel = 4.77e12 ((47.7bn) to big for calculator). 47.7bn *Asdas retail price per litre of £1.26 = £6.0102e12. Per barrell the price is $130. The price is due to rise to $140, some 8%. However now, currently Berwick has 8.8% from the sea harbour to where Westminster defined the sea boundary at a 90o angle. Add that to the 90% of NS oil in Scotlands UN defined boundary : £6.0102e12 * 98.8% = £5.938 Trillion £5.938 Trillion of oil. Tax this oil at Osbornes 2013 rate of 81% : £4.8098429e12 = £4.8 Trillion of oil. Thats not the end of it. The buy products from oil create further taxable revenue of £30bn per year on top, which generate 12% of electricity. Massive opportunity here for an independent Scotland. Current flow rates are £30.3bn, See: m.bbc.co.uk/news/uk-scotland-scotland-business-25013272 So: £4.8098429e12 / £30bn = 160.32809667 years of oil and gas! You future is safe, and Scotland is hugely profitable. Even Grangemouth plant Ineos owner Jim Ratcliff says Scotland Can Succeed Solo: thesundaytimes.co.uk/sto/news/uk_news/scotland/article1385051.ece?CMP=OTH-gnws-standard-2014_03_09 Academics for YES also support an Independent Scotland managing oil revenues: academicsforyes.org/scotlands-oil-in-scotlands-hands/ NOW, THERE IS A FURTHER 60% OF EUROPES OIL AND GAS IN THE CLYDE - ESTIMATED AT BETWEEN - £3-8 TRILLION.......do the maths... : businessforscotland.co.uk/government-confirms-independence-could-generate-west-coast-oil-bonanza/ Then we have upto 25% of Europes green and cheapest wind and wave energy with 1.5% of Europes population. Another massive opportunity for an independent Scotland, but power for development was withdrawn by the House of Lords: scottishenergynews/lords-axe-holyroods-power-over-scottish-renewables/ The House of Lords are solely from the Scottish Tax Arrangement.
Posted on: Sun, 23 Mar 2014 12:58:48 +0000