The oil business is a very
complicated one in which prediction is often short on certainty and long on
political troubles. One of the issues on
which the Scots Independence Referendum debate is based is who owns the North Sea oil
rights and to what purpose.
Necessarily, the
respective arguments make many assumptions about the future and what might develop. This post in Automatic Earth caught my eye
and gave
pause for thought in what it was saying.
It goes on to discuss other issues as well
If this line of thinking
were to be correct it might be that the politicians involved in the present
debate should not be arguing about who makes the decisions and gets the profits.
They should be debating
who is going to pay out the massive subsidies needed to ensure local production
of oil and gas.
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