Tuesday, July 15, 2014

Birth of a Nation

What happens when the land in which you live becomes a completely sovereign country? And what are the ramifications to its largest industry—deep water offshore oil & gas exploration and production—when it comes under new national policy? It’s an idea/possibility/movement that dates back to Margaret Thatcher’s rule of Great Britain in the 80’s, but it will be September 2014 when voting-age adults decide whether Scotland secedes from the United Kingdom. Oil & Gas Journal has an interesting editorial on the situation and what it means to the greater oil markets. (If the link forces you to log in, google “An Independent Scotland, Oil & Gas Journal” to access the article directly.)