Quote Originally Posted by Taintedice View Post
The slogan Scotland's Oil probably reached about 20 people in 1974, the SNP were hardly front-page news.

Too bad, $1trn of Scotland's money spent on London, another $1.5trn still in the ground.

ah well, the tories will still love us when it's gone, won't they.
When the price of oil collapsed to about $20 er barrel in 2015/16 Nicola Sturgeon begged the Chancellor of the Exchequer to reduce the tax rate on a barrel of oil in his next budget. He did as she wished but that means that th taxation received on a barrel of oil is less than it was in September 2014.
The SNP would have to recalculate the taxation that they would receive from a barrel of oil coming out of U.K. waters.
Of course they could just reissue their ‘fantasy land’ White Paper Scotland’s future.