Not arguing that but I can forsee a time when oil from the ME becomes a no-no and oil from Europe becomes a much more viable proposition.Drillling rights have been sold, extraction is expensive in the existing North Sea fields due to costs and aging infrastructure etc, it’s very expensive (as technologies improve it will get cheaper) to extract from other ‘new’ fields (which have been known about since the 70’s) which the Nationalists chops off about continually.
Companies only pay revenue on profit so the long and the short of it is oil companies will sit on their assets until financially it suits them. This means, often, favourable tax incentives from the government which I don’t think an independent SG would be able to do so ultimately you can get held to ransom.
We’re a bit late to the party to follow Norway’s lead (and I don’t much like their tax rates) and when Jim Sillars (bless him) mentioned nationalising the Oil Industry in Scotland a few years ago I about pissed myself laughing...... but let them continue to peddle their ‘views’ to people who can’t see the wood for the trees.
Unfortunately Nationalising any industry is a possibility with the SNP in government (as has been shown recently), or Labour in fact, but it is laughable for anyone to think it would improve things for the industry or Scotland.