Salmond slips on oil

The argument about the prospects for North Sea oil took centre stage this week in the debate about Scotland’s independence, as David Cameron and Alex Salmond both hosted meetings in or near its petro-economic centre, Aberdeen.

The meetings were timed to coincide with the publication of a report by Sir Ian Wood, a “neutral former oil executive”, on how to maximise the potential of North Sea reserves, says The Daily Telegraph. Sir Ian predicts at least £200bn in future oil and gas revenues, but only with a “coherent fiscal and regulatory regime”.

Shrunken margins and looming decommissioning costs will require [...]

MoneyWeek magazine

Latest issue:

Magazine cover
A new dawn for energy

Our experts pick the stocks to buy

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking