On 17/05/2015 16:54, The Real Doctor wrote:

On 17/05/15 12:35, d wrote:
Lets face it , Scotland has to suck from the teet of somewhere, be it
Westminster or Brussels because it doesn't have much of an economy to
speak
of. Its half that of yourshire FFS.

The per capita GVA of Scotland is greater than any part of England
(including Yorkshire) except for London and the South-East.

http://en.wikipedia.org/wiki/Countri...GVA_per_capita

Never an entirely good idea to base ones country's future on oil wealth
though - its pretty toxic around most of the world, Norway being an
exception though they only got it right third time round.

On Mon, 18 May 2015 19:19:00 +0100, Mizter T
wrote:

Never an entirely good idea to base ones country's future on oil wealth
though - its pretty toxic around most of the world, Norway being an
exception though they only got it right third time round.

Almost every country (he UK & Iraq are exceptions) with significant
oil income invests it in an oil fund. The return from the investments
is more stable than the oil income. Norway's oil fund is worth 800
billion, the UK is 1500 in debt.

mcp wrote:
On Mon, 18 May 2015 19:19:00 +0100, Mizter T
wrote:

Never an entirely good idea to base ones country's future on oil wealth
though - its pretty toxic around most of the world, Norway being an
exception though they only got it right third time round.

Almost every country (he UK & Iraq are exceptions) with significant
oil income invests it in an oil fund. The return from the investments
is more stable than the oil income. Norway's oil fund is worth 800
billion, the UK is 1500 in debt.

I really doubt that most oil producers invest in a sovereign wealth
investment fund. Norway certainly does, and so do some Gulf states, but I
can't think of many others. Do the US, Nigeria, Venezuela, Russia?

On Tue, 19 May 2015 01:18:51 +0000 (UTC), Recliner
wrote:

mcp wrote:
On Mon, 18 May 2015 19:19:00 +0100, Mizter T
wrote:

Never an entirely good idea to base ones country's future on oil wealth
though - its pretty toxic around most of the world, Norway being an
exception though they only got it right third time round.

Almost every country (he UK & Iraq are exceptions) with significant
oil income invests it in an oil fund. The return from the investments
is more stable than the oil income. Norway's oil fund is worth 800
billion, the UK is 1500 in debt.

I really doubt that most oil producers invest in a sovereign wealth
investment fund. Norway certainly does, and so do some Gulf states, but I
can't think of many others. Do the US, Nigeria, Venezuela, Russia?

Nigeria, Venezuela and Russia have oil based sovereign wealth funds as
do several US states.