It's England's oil too

Article Abstract:

The Scttish National Party (SNP) has argued that Scotland could finance its independence from petroleum resources. It is also argued that Scotland would not suffer a revenue shortfall from independence, though more United Kingdom government funds go to Scotland than is paid by Scotland in taxes. There are problems in establishing where Scottish waters lie, but the proportion of tax revenues from the North Sea accounted for by Scotland is lower than realised, and revenue from petroleum resources may not compensate for a loss of revenue from the UK.

Scotland, Political aspects

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Even oil is growing less sacred: energy in Latin America

Article Abstract:

Many Latin American countries are opening up their oil industries to foreign investment and competition, though most are still reluctant to privatize their giant state-run oil monopolies. Still foreign sources should provide much needed capital investment.

Industrial policy, Latin America, Privatization, Privatization (Business), Government business enterprises, Public enterprises

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Lifting the veil

Article Abstract:

Saudi Arabia's plans to increase petroleum production is examined, as are divisions within OPEC.

Prices and rates, Saudi Arabia, Organization of the Petroleum Exporting Countries, International relations, Saudi Arabian foreign relations, International economic relations

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