$2 trillion in Scottish oil still to be extracted just from North Sea!

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John Robertson
trillion in Scottish oil still to be extracted just from North Sea!

Photograph: Arnulf Husmo/Getty Images There have now been five predictions of oil at $100 per barrel: A fifth prediction of oil rising to $100 per barrel for Scottish oil, suggests pre-tax revenue of around $1 trillion! It is currently trading at $80pb: https://www.energyvoice.com/oilandgas/184252/brent-trades-near-80-as-saudis-talk-down-crude-supply-risk/ According to the Financial Times in January 2018: ‘Industry estimates suggest there are still about 20bn barrels of oil and gas left to be exploited in the North Sea and while its longer-term production outlook is in decline,…

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John Robertson
trillion in Scottish oil still to be extracted just from North Sea!