A Review of Scotland's Oil Resources

The video discusses the economic impact of North Sea oil, highlighting Norway's success in managing oil wealth and comparing it to Scotland's potential economic gains. It explores the implications of oil-related employment and the debate over Scottish independence. Political arguments are presented, focusing on the UK's role in economic stability. The video concludes with a discussion on the ownership of North Sea oil and the complexities involved.

What is one of the key differences between Norway and the UK in managing North Sea oil?

• The UK has a higher GDP per head.

• The UK has more oil-related employment.

• Norway has established a significant oil savings fund.

• Norway has a larger oil reserve.

How would Scotland's GDP per head rank globally if it managed its share of North Sea oil independently?

• 30th

• 18th

• 24th

• 10th

What is the estimated number of oil-related jobs in Scotland?

• 100,000

• 250,000

• 200,000

• 150,000

What argument do Unionists make regarding the oil industry's tax breaks?

• They are too generous and should be reduced.

• They are solely funded by Scottish taxpayers.

• They are unnecessary for economic growth.

• They are only possible with the entire UK.

What is a major unresolved question in the political debate over North Sea oil?

• The ownership of North Sea oil.

• The future of renewable energy in the UK.

• The exact amount of oil reserves left.

• The environmental impact of oil extraction.