Sunday, May 19, 2013


According to Dennis Healey, a former UK Finance Minister:

1. Scotland will prosper under independence thanks to North Sea oil.

2. London politicians are "worried stiff" about losing the oil money if Scotland becomes independent.

3. The UK Government "underplayed the value of the oil to the country".

The London government does not want people to know the enormous value of Scotland's oil, in case it leads to the Scots wanting independence.

Denis Healey: Westminster 'worried stiff' about losing North Sea oil

Lord Healey says:

"I think they are concerned about Scotland taking the oil. 

"I think they are worried stiff about it.

"I think we (England) would suffer enormously if the income from Scottish oil stopped but if the Scots want it, they should have it and we would just need to adjust. 

"But I would think Scotland could survive perfectly well, economically, if it was independent."

North Sea oil output to rise by a third over five years - The Independent

In 1974, Professor Gavin McCrone was asked by Edward Heath's Conservative government to work out the value of Scotland's oil.

The report concluded that an independent Scotland "would tend to be in chronic surplus to a quite embarrassing degree."

The government kept the report secret.

It was only released in 2005 under freedom of information legislation.

Lord Healey, now 95, told Holyrood magazine: "I think we did underplay the value of the oil to the country because of the threat of nationalism but that was mainly down to Thatcher.

"We didn't actually see the rewards from oil in my period in office because we were investing in the infrastructure rather than getting the returns and, really, Thatcher wouldn't have been able to carry out any of her policies without that additional five per cent on GDP from oil. 

About half the oil is still to come.

The Scottish Government's inaugural Oil and Gas Analytical Bulletin in March 2013 has a post-independence scenario which could see "oil and gas production in Scottish waters generating £57bn in tax revenue between 2012-13 and 2017-18".


Anonymous said...

Yep, Healey is right that the Revenue from North Sea Oil allowed Thatcher to finance her mad policies..... how else could the Government have financed 3 million people on the Dole?

Oil money enabled the close down of the Steel and Coal industries.... now some 25 years later we face the prospect of the Lights going out while the Conservatives now shut down Power stations that use coal!!!

Absolute madness.

The Iron Lady really was barking...

Zoompad said...

We could have had alternative technology, a combination of wind, solar and tidal power, free energy just waiting to be tapped, but this shitting Government didnt want us to have that, oh no, they would rather see the citizens of this country freeze and starve than have anything on this God forsaking planet for free, the CAT centre in Machllynth used to be a wonderful place but since the Big Boys took it over and built a whacking great Conference Centre there its turned into an empty shell instead of the forward thinking educational place it used to be, and they did it on purpose, they dont want us to harness the free energy that is on this planet!

Anonymous said...

I have always thought that this NE oil as a conspiracy. First they say its not the right kind of oil so they have to sell it on the international market. By doing so, they tax the oil companies; the oil goes through a whole series of circles to come to our petrol pumps generating billions for the middlemen. Why could the British govt not processed the oil and sold direct to the public for half of the current price, generated the same amount of taxes and boosted UK businesses?

Anonymous said...

Scotland will never be an independent sovereign nation. We probably will get 'independence in Europe' but that will just bind us more tightly into the NWO globalist system.

The SNP is run by Cultural Marxists fully behind the globalist agenda- pro NATO, pro nuclear, pro Green-Agenda, prop royalty, pro Big-Brother in every shape and form.

Aang, have a look at GIRFEC - a state appointed guardian for every child. That will include (but not be limited to) psychological testing of every child. Having unorthodox opinions will be seen as counter 'well-being' and will be 'corrected'.

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