Oil & Gas Editorial: Sewing Seeds In An Oily Tomb

Tim Haïdar

Statistics coming out of the annual Government Expenditure and Revenue Scotland (GERS) report have made for the starkest reading yet for the UK’s oil and gas industry. In the past 12 months, revenues from the oil and gas industry have dropped from £1.8 billion ($2.4 billion) to a paltry £60 million ($78 million). In comparison to the £9.6 billion ($12.6 billion) recouped in 2011, that represents a 99.4 per cent decrease in returns in the last five years. The city that had the highest e...
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