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Crude Economics
Scottish Nationalists Lose as Oil Markets Crash
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  • LarryD

    Especially since the Saudis are trying to supress US shale oil. Or so they claim, the fact that low oil prices hammer Iran isn’t causing the Saudis any grief either.

    • rheddles

      Don’t forget the Russians who supply the Iranians with the bomb building tools.

  • Andrew Allison

    Come now! This is TAI today, not the National Enquirer. First, both the referendum and Salmond are history. Any future referendum will be based on the situation at the time. Ms Sturgeon’s (where can I get some of what she’s smoking) pipe dreams to the contrary, North Sea oil production has been declining precipitously since 1997. Meanwhile, US production continues to increase. There never was, and never will be, an argument for oil-based or, in fact, any other Scottish economic independence.

  • Jacksonian_Libertarian

    Oil like all commodities, goes through booms and busts on regular schedule, as prices rise the incentive to develop or innovate rises, and eventually the prices fall back down. As the OPEC countries are all Government Monopoly owned Oil Monopolies, their competence at development and innovation is miserable. So the development and innovation came elsewhere, with those exposed to the “Feedback of Competition” which forces continuous improvements in Quality, Service, and Price, the American Shale Oil producers.

  • Corlyss

    The Scots should thank their lucky stars that the referendum returned a no vote.

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