lindseymw
Mother of two boys
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With regards to the oil split, it will depend entirely how it will be split as to who gets what, which has not been decided yet.
As far as I am aware around 90% of the oil fields lie in Scottish Waters. But this may not be the way of how it is split.
If you go by population, it would split the other way i.e 10% to Scotland 90% to UK, excluding other Countries interests.
Obviously for Scotland, it's in their best interest to get as much of the share as possible as it accounts for a big chunk of their income (around 10-20%) as oppose to around 1% for the rest of the UK.
Has there been any discussion as to how Salmond will fund Scotland once the oil reserves run out? Estimated at around 15-40 billion barrels of oil which could last 10years, 15 years etc. What happens after that when Scotland lose potentially 1/5th of their income?
When the argument comes up about how much is spent per head vs how much income in Scotland, like the oil split it depends on how you work it out. I' guessing Salmond & co have used the one that makes it look good?
As far as I am aware around 90% of the oil fields lie in Scottish Waters. But this may not be the way of how it is split.
If you go by population, it would split the other way i.e 10% to Scotland 90% to UK, excluding other Countries interests.
Obviously for Scotland, it's in their best interest to get as much of the share as possible as it accounts for a big chunk of their income (around 10-20%) as oppose to around 1% for the rest of the UK.
Has there been any discussion as to how Salmond will fund Scotland once the oil reserves run out? Estimated at around 15-40 billion barrels of oil which could last 10years, 15 years etc. What happens after that when Scotland lose potentially 1/5th of their income?
When the argument comes up about how much is spent per head vs how much income in Scotland, like the oil split it depends on how you work it out. I' guessing Salmond & co have used the one that makes it look good?