Opinion

Opinion

High oil prices and the economic recession

21/12/2011

SOME people used to call me Dr Gloom because of my economic forecasts for the Scottish economy. I felt that was unfair because I have actually had an accurate forecasting record over the last decade and rarely been more pessimistic than the actual outcomes.

Opinion

Shale & Shale Alike

20/11/2011

LAST month, a FTSE100 company announced plans to spend $4.5billion on developing its interests in various US gas fields. Nothing unusual in that you say; however, but the business in question is not an oil & gas company, but a miner.

Opinion

The myths of ‘jobs joy’

20/11/2011

WHENEVER I see the words "jobs joy" in a headline, I skip the first six paragraphs in order to search for the nitty-gritty. Does the project exist or is it proposed? Therein sits a crucial world of difference.

Opinion

Making sense of the North Sea’s future

WHEN we at Oil & Gas UK recently published our 2011 Economic Report, we highlighted some pretty positive findings: increasing investment, a flourishing supply chain, a massive economic contribution and a bright future ahead with considerable reserves remaining to be extracted.

Opinion

Alarming decline in UKCS production

25/10/2011

THE latest UKCS oil and production statistics from the Department of Energy and Climate Change (DECC) show big falls. June's output averaged 946,982 barrels per day, which was down 12.4% on June 2010. Gas averaged 4,004million (4billion) cu.ft, down 26.5% year on year.

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