A Teeside oil refinery will be constructed starting the end of 2009. Handily just before the proposed 2010 referendum on Scottish independence.
Not only will it process 100 000 barrels of oil from the North Sea, but its planned it will also process another 100 000 barrels arriving by tanker from other OPEC countries. 10 million tonnes of oil will be processed each year. It will be close to the Petroplus Teeside refinery which mainly produces bio-diesel. (And has a history of oilspills!)
So it seems that England is already preparing for life without Scotland. And that fact shows that the Unionist parties know the game is up.
While some may peddle untruths about Scotland not being able to survive financially after independence, this shows the reality is England is being subsided by Scotland’s oil.
The McCrone report of 1974 details the impact of Scotland’s oil on the British economy. Its now over 30 years old and was continually suppressed by the Westminster Government. Scotland only learned of it after a Freedom of Information Act released it to the general public.
Its findings are damning.
Quotes from the report:-
“Britain is now counting so heavily on North Sea oil to redress its balance of payments, that it is easy to imagine England in dire straits without it.”
“for the first time since the Act of Union was passed, it can now be credibly argued that Scotland’s economic advantage lies in its repeal.”
Scotland would end up with a “chronic surplus to a quite embarrassing degree”
Scotland’s “currency would become the hardest in Europe with the exception perhaps of the Norwegian krone”
“Scottish banks could expect to find themselves inundated with a speculative inflow of foreign funds.”
With Scotland taking control of its own oil it was likely that it would result in an “impoverished England”
Iain Macwhirter in the Sunday Herald writes: “There is no doubt that the Thatcher governments depended on oil revenues to pay the cost of mass unemployment. Without the £250 billion that was pumped out between 1975 and 2005, the UK would have been an economic basket case.”
£250 billion in 30 years? We have nothing to show for it! Norway has a oil fund saved away worth £350 billion. Its bailing out Iceland’s credit crunch, as I mentioned previously elsewhere in this blog. Just because they’re mates and Norway can afford it. Today, the Scottish Parliament has the tightest settlement ever given to it by Westminster, with oil prices rocketing, and the Treasury raking in an extra £4.7 billion on top of what they usually get from Scotland’s oil this year. You couldn’t make it up!
The average life expectancy in parts of Glasgow is 54. Thats the real price of oil monies going to London, not Scotland. Its the lowest in Europe, and lower than Gaza (70), Iran (70) or Iraq (67).
Yet Glasgow has been electing unionist MPs for decades, presiding over the deprivation, not wishing to stop the flow of oil south.
Maybe its because Glaswegians don’t live long enough to know better.
But with the McCrone report published, the Glasgow and Scottish public now know the truth.
The report was suppressed to prevent Scotland becoming independent, and so that the south of England could benefit from oil’s financial rewards.
This new refinery shows how much England relies on oil. Expected to be finished around 2012 it may give a little respite to the Westminster treasury struggling on without Scotland’s money and the loss of 95% of its North Sea oilfields under UN law. The refinery proves North Sea oil is not running out any time soon.
It also shows that unionists are not confident of winning the referendum.
The Union is dead. And England knows it.