Oil and gas in an independent Scotland?
Has any formal agreement been made about where the boundaries lie between Scottish, English and Northern Irish waters, and what proportion of the oil and gas lies within Scottish waters?
And will the potential shale oil bonanza in England have any consequences for the oil industry here?
Also, given that the oil and gas are currently UK resources, what additional UK liabilities might we have to take on to balance out the divorce settlement?
Please provide evidence for your answers, not opinions or aspirations.
Update:@Durchfal: Scotland is part of the UK.
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As far as I knowm there have been no agreements made about a possible boundary between independent Scotland and UK oil fields.
I doubt that Westminster would happily sign over oil and gas fields just because Alex Salmond said they belonged to Scotland.
As per the details oil reserves in Scotland tied up for years.Many countries are becoming rich with oilfield sectors.These days to meet the increasing energy demand, oil and gas industry contiuously taking the major part of the world's energy well into the 21st century.Mainly US,UK,Australia and Arab countries are taking major part in production of oil and gas worldwide.In UK there are some biggest oilfields available in Northsea.With these oilfields UK getting more profit and taken the part in top offshore projects world wide list.
UK has been stealing Scottish oil for many decades now, Andrew
You got oil?
Amerika wantses it.