Oil………there I’ve said it. The word that every pro-union activist tries to avoid or asks the pro-independence activist to avoid when debating (if you could call it that). Generally those debates consist of the unionists trying to poke holes in the positive facts that we now know to be true. That truth is that Scotland is actually minted and that we can vote for a future now that is filled with hope, opportunity and choice instead of having to put up with rising levels of austerity for the rest of our lives, courtesy of those that brought you such hits as “the bedroom tax”.
I digress, sorry about that…on with the point.
The oil will run out. That is an absolute certainty. In 40-50 years time (or at some time in the future), all the revenue, licence money and jobs that comes from the oil operations in Scotland will be gone, done and disappeared from our wonderful country. That is a sore fact that no one can avoid, especially those who would argue that we should stay within the UK. Let me explain that –
We have a simple choice.
We could put all our faith in Westminster and hope against hope that when one of our primary economic drivers is gone that they’ll help Scotland and reduce the detrimental effects that would happen as a result.
Apart from anything else, there would be massive job losses in Scotland leading up to the oil running out.
Surely Westminster would find it in their hearts to help out under such circumstances, or do we perhaps feel that they’d do the same as in the past and largely ignore the plight of the Scottish people?
Westminster of course would be suffering from the loss of the oil revenue too and it could be argued that their hands would be tied due to the lack of funds available. We would probably still be living in “Austerity Britain” going from the size of the debt that we see right now. That is a huge number and it’s growing larger every day (just under £1.3 Trillion as of the publication of this blog).
Our grandkids grandkids will be living with it unless there is a major change within the mindset of the British Establishment where they realise that illegal wars and trying to project Britain militarily is just a daft idea. That seat at the “the top table” is much more than we can afford.
Scotland would have regained its independence.
It has already been intimated that Scotland would have a written constitution. We will have the opportunity to write into that constitution that a proportion of the oil revenue and licence money would be put away into an oil fund similar to Norway’s which is already one of the largest funds in the world.
Having that written into our constitution means that any future politician couldn’t use the money for political gain and like Norway, they would be limited to a spend of 4% of the interest each year.
So the oil will run out. How would we as an independent nation deal with that?
The Renewables industry which looks to produce energy from the movement of the moon (tidal power) is just starting off so we would be free to invest in that industry which has a similar skills base to that of the oil industry. We could in fact re-industrialise Scotland and sell the technology to other nations that wish to capitalise on renewable energy. Many large companies are already moving in to Scotland to take advantage of the “Renewables Boom”.
The choice is entirely yours. I know which one I’m choosing. Do we want to put in place a future for Scotland? Or do we still want to be governed by a parliament at Westminster who couldn’t give a hoot so long as oil revenues are still hitting the UK Treasury? There are plenty of building projects to fund in London alone don’t forget, they could after all do with the money, but are we in Scotland prepared to gift them that money when we have plenty to fund for ourselves?
This isn’t selfish, it isn’t greed on the part of the Scottish people, it is instead straightforward, simple, self preservation. Chew on that one.
David Milligan Lvss