Commodities

Bad Timing For Scottish Independence

 


<p>Scotland under First Minister Alex Salmond announced plans to hold a referendum on independence from the United Kingdom in 2014. Edinburgh maintains it can support itself without the help of London, largely through its oil and natural gas fields in the North Sea. Scottish finance officials said there are trillions of dollars worth of oil reserves left in the North Sea yet an economic assessment found that Edinburgh would take its first step as an independent nation while shouldering massive debt.  The discovery of oil off the coast of Scotland…

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