Tuesday 28 March 2017

Strike A Light

It is reported that there has been a major oil strike sixty miles west of The Shetland Isles at present reckoned at a billion barrels in potential of good quality.

Assuming the exploitation of this field will allow profits and therefore enable tax to be levied by government at a high level what might the taxes pay for?

Will it allow the UK government to subsidise the provision of low cost housing in the south east of England to meet the needs of the rapidly rising population there?

On the other hand, if Scotland is the relevant government when the oil begins to flow, will this enable it to subsidise social housing to a much greater degree, increase welfare benefits and promote open borders for middle Scotland?

But what if the people of The Shetland Islands take the view that the benefits will be for the Shetlanders, by the Shetlanders and of the Shetlanders?

This could be interesting.

1 comment:

  1. That can't be right. Back in 1970 experts were telling us that we would have run out of oil by the year 2000.