Monday 25 August 2014


A LEADING oil exploration expert has predicted a second major oil boom for Scotland as the country's future energy reserves dominated the run-up to tonight's second televised #indyref debate

Read more at the Herald :

A leading oil exploration expert has predicted a second major oil boom for Scotland

Former oil company boss Sir Ian Wood recently stated that Scotland has much less than 24 billion barrels of oil and gas.

However, it has emerged that Sir Ian Wood had previously stated, in an interview with the BBC, that the North Sea can still produce another 25 billion barrels of oil.

Sir Ian Wood predicts 25bn barrels of oil still to come from North Sea

"The UK's leading offshore oil industry body has dismissed claims by Sir Ian Wood that the Scottish Government's predictions for North Sea oil recovery are too high"

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The oil industry body Oil and Gas UK states:

"We remain of the view that there could be up to 24 billion barrels of oil and gas to recover."

Sir Ian Wood, who is trying to justify his knighthood, by supporting the London government?

So, Sir Ian Wood is on record as stating that there are 25bn barrels of oil still to come from the North Sea.

This is one thousand million more barrels of oil than stated as the upper target by the Scottish Government.

Would an independent Scotland have sufficient reserves of oil in its sovereign waters to support the economic plans put forward by the SNP, ask Professor Alex Russell and Professor Peter Strachan.

"The weight of evidence supports the case that future oil revenues from the North Sea will be sufficient to support the SNP’s spending plans."

Comment: Would iScotland have sufficient oil?

Stiglitz endorses Salmond’s currency plans

"A Nobel Prize-winning economist has endorsed Alex Salmond’s currency plans for an independent Scotland just hours before a potentially crucial debate between the Scottish first minister and the leader of the pro-union campaign.

"Joseph Stiglitz told an audience at the Edinburgh International Book Festival that the three main UK parties were “for the most part” bluffing when they ruled out Scottish National party calls for a post-independence currency union – and Scotland could still prosper even if it had to use sterling without a formal pact or to establish its own currency."

Stiglitz endorses Salmond's currency plans - Financial Times

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