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Scottish North Sea oil reserves six times higher than estimated
2014-08-18 11:50:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: A new report from business organisation N-56 has said that revenue from oil in the Scottish North Sea could be as high as 365 billion over the next few decades, rather than the 57 billion previously estimated. The study argues that the figures put forward by the Office for Budget Responsibility (OBR) for oil revenue for the next 30 years are far too pessimistic compared to the industrys forecast. If measures to maximise profits are put in place, such as a new tax regime and the creation...
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Category:Electronics and Electrical