What the growth in Scottish oil and gas exports means for Scottish independence

£8.2bn for 2011-2012.

Oil and gas industry exports in Scotland reached £8.2bn for 2011-2012, according to new figures released by the Scottish Council for Development and Industry. It is the fourteenth consecutive year of the growth in the sector.  

Beyond the sales of hydrocarbons, offshore equipment, construction and drilling services now account for almost half of sales around the world. Speaking at the Offshore Technology Conference in Houston, Texas, Scottish Energy Minister Fergus Ewing said:

“The Scottish Government recognises the substantial contribution that the oil and gas industry makes to our economy. We are working with the industry to continue to strengthen Scotland's position as a global leader in the sector and these figures mark further growth in this important part of our economy. There are huge opportunities open to us internationally, and we are determined to make the most of them.”

The biggest trading partner for Scotland remained North America, with sales reaching $4bn last year, an increase of 2.8 per cent. Sales to Africa came in second, growing 5.9 per cent for the year. Other growth markets are also being targeted by the industry, but according to Danny Cusick, President, Americas, Scottish Development International, North America will remain the country’s number one priority for the foreseeable future:

"While other markets such as Brazil, Africa, the Middle East and Australia are increasingly becoming international priorities for Scotland, North America remains by far our top and most important region for exports. Continued investment by oil and gas companies from the U.S. and Canada is crucial to Scotland's long-term economic growth."

Supporting nearly 200,000 jobs in Scotland, plus an estimated 24 billion barrels of oil still to be produced from the North Sea, the national government’s support for this industry will add further fuel to the Scottish independence debate. The announcement comes after first minister Alex Salmond last month tried to bolster the case for independence by predicting a mini oil boom worth £57bn in tax revenues by 2017-18, but was quickly accused of cherry picking optimistic forecasts by his opponents.

However, with this latest announcement, plus the UK government’s Department of Energy and Climate Change predicting oil prices of more than $150 a barrel by 2020, Salmond’s detractors could yet be proved wrong.

Photograph: Getty Images

Mark Brierley is a group editor at Global Trade Media

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The Telegraph’s bizarre list of 100 reasons to be happy about Brexit

“Old-fashioned light bulbs”, “crooked cucumbers”, and “new vocabulary”.

As the economy teeters on the verge of oblivion, and the Prime Minister grapples with steering the UK around a black hole of political turmoil, the Telegraph is making the best of a bad situation.

The paper has posted a video labelled “100 reasons to embrace Brexit”. Obviously the precise number is “zero”, but that didn’t stop it filling the blanks with some rather bizarre reasons, floating before the viewer to an inevitable Jerusalem soundtrack:

Cheap tennis balls

At last. Tennis balls are no longer reserved for the gilded eurocrat elite.

Keep paper licences

I can’t trust it unless I can get it wet so it disintegrates, or I can throw it in the bin by mistake, or lose it when I’m clearing out my filing cabinet. It’s only authentic that way.

New hangover cures

What?

Stronger vacuums

An end to the miserable years of desperately trying to hoover up dust by inhaling close to the carpet.

Old-fashioned light bulbs

I like my electricals filled with mercury and coated in lead paint, ideally.

No more EU elections

Because the democratic aspect of the European Union was something we never obsessed over in the run-up to the referendum.

End working time directive

At last, I don’t even have to go to the trouble of opting out of over-working! I will automatically be exploited!

Drop green targets

Most people don’t have time to worry about the future of our planet. Some don’t even know where their next tennis ball will come from.

No more wind farms

Renewable energy sources, infrastructure and investment – what a bore.

Blue passports

I like my personal identification how I like my rinse.

UK passport lane

Oh good, an unadulterated queue of British tourists. Just mind the vomit, beer spillage and flakes of sunburnt skin while you wait.

No fridge red tape

Free the fridge!

Pounds and ounces

Units of measurement are definitely top of voters’ priorities. Way above the economy, health service, and even a smidgen higher than equality of tennis ball access.

Straight bananas

Wait, what kind of bananas do Brexiteers want? Didn’t they want to protect bendy ones? Either way, this is as persistent a myth as the slapstick banana skin trope.

Crooked cucumbers

I don’t understand.

Small kiwi fruits

Fair enough. They were getting a bit above their station, weren’t they.

No EU flags in UK

They are a disgusting colour and design. An eyesore everywhere you look…in the uh zero places that fly them here.

Kent champagne

To celebrate Ukip cleaning up the east coast, right?

No olive oil bans

Finally, we can put our reliable, Mediterranean weather and multiple olive groves to proper use.

No clinical trials red tape

What is there to regulate?

No Turkey EU worries

True, we don’t have to worry. Because there is NO WAY AND NEVER WAS.

No kettle restrictions

Free the kettle! All kitchen appliances’ lives matter!

Less EU X-factor

What is this?

Ditto with BGT

I really don’t get this.

New vocabulary

Mainly racist slurs, right?

Keep our UN seat

Until that in/out UN referendum, of course.

No EU human rights laws

Yeah, got a bit fed up with my human rights tbh.

Herbal remedy boost

At last, a chance to be treated with medicine that doesn’t work.

Others will follow [picture of dominos]

Hooray! The economic collapse of countries surrounding us upon whose trade and labour we rely, one by one!

Better English team

Ah, because we can replace them with more qualified players under an Australian-style points-based system, you mean?

High-powered hairdryers

An end to the miserable years of desperately trying to dry my hair by yawning on it.

She would’ve wanted it [picture of Margaret Thatcher]

Well, I’m convinced.

I'm a mole, innit.