A not-so-cunning plan
Jan 26, 2016
Bishop Hill in Energy: gas, Energy: oil

Just as the coalbed methane industry in Scotland looked as though it was going to become viable the SNP administration in Holyrood moved with considerable speed to kill it off. Shale gas looks as though it has gone the same way. 

Now, these same bright sparks have decided that the way forward is to set up some "schemes" for the offshore oil and gas industry, while calling on Westminster to deliver taxcuts. None of this will help an industry in which production costs are too high for the current marketplace. 

So to summarise, the SNP's strategy is to throw tidbits to the parts of the Scottish oil and gas industry that are not cost competitive and to close the bits that might just be able to spin a profit.

I have to say, I'm slightly unconvinced that this is going to work.

Article originally appeared on (http://www.bishop-hill.net/).
See website for complete article licensing information.