Scottish oil heading for $41 billion profit in 2018 alone, BBC Scotland? Yes, yes, BUT, BUT what about rising costs?

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John Robertson
Scottish oil heading for billion profit in 2018 alone, BBC Scotland? Yes, yes, BUT, BUT what about rising costs?

On BBC Scotland at 06:28am today and sneaked in at end after the cheery stuff about the SNP conference: ‘The oil and gas industry’s being warned to keep an eye on rising costs as it recovers from the oil price crash. The findings from the Oil & Gas Authority showed expenditure of £6.9 billion, 2% higher than the previous year. Experts claimed this shows the recent years of sharp cost reductions are over. However, it’s still significantly lower than the…

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John Robertson
Scottish oil heading for billion profit in 2018 alone, BBC Scotland? Yes, yes, BUT, BUT what about rising costs?