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title.jpg

SCOTTISH OIL RESERVES HIGHER THAN PREVIOUSLY THOUGHT

SCOTTISH JOBS POTENTIAL FROM OIL WILL BE ELECTION ISSUE

£ 3.45 BILLION OIL REVENUES FOR FIFE IN AN INDEPENDENT SCOTLAND

Rod Campbell, the SNP prospective parliamentary candidate for North East Fife is championing Fife’s claim on North Sea oil revenues.  “ There is a huge amount of oil remaining in the North Sea,” said Rod Campbell. “ Think how the people of Fife could benefit from the £ 3.45 billion that would be our share from Scotland’s oil revenue. This is an incredible opportunity to invest in the future of everyone in Fife. “With Labour and the Tories lining up to hit Scotland with massive cuts after the election we are looking at a prolonged period of austerity. If Scotland controlled North Sea oil revenues it would be a very different story.”


Mr. Campbell’s comments come in recognition of the survey by the offshore industry association, Oil and Gas UK, which finds that North Sea oil and gas reserves are higher than previously thought.

Mr Campbell warned that the lessons of the 1970's, when London politicians
claimed the reserves would not last long, must be remembered and made
the case for the establishment of an oil fund to secure the benefits of
oil revenues for future generations.

 

Commenting Rod Campbell said:

"Scotland's oil and gas industry is the only thing keeping the London
Treasury afloat - over the next six years, £50 billion worth of North
Sea revenues will flow to the London exchequer.

"That alone represents over £20,000 for every household in Scotland.

"The London politicians must not think it they can fool the people of
Scotland again.

"This survey underlines how there is a strong economic future for
Scotland's oil industry and the jobs associated with it.

"There is a real sense of déjà vu. We have London Labour politicians at
the Scotland Office claiming that oil revenues would not help an
independent Scotland despite the fact that even their own dodgy figures
show Scotland in a better financial position.

"There is as much oil left in the North Sea as has been taken out of it
- and much more than half of the revenues. Scotland's oil industry has
a positive future. With the UK making billions in revenue from North
Sea oil over the last 30 years, it is now time to ensure that future
revenues are invested properly for Scotland's future.

"In the 1970's requests for an oil fund were turned down - a repetition
of this failure by Labour in the 21st century would be unforgivable.

"The UK Government must see the error of its ways and enable Scotland
to invest our own oil revenues for our future.

"Scotland needs more SNP MPs at Westminster to champion Scotland's
interests and fight for Scotland's oil wealth to benefit local
communities - not prop up the London Treasury. Only SNP MPs will fight
for a fairer share of Scotland's oil revenues."

NEFSNP

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Cllr. David MacDiarmid
Ward: Howe of Fife and Tay Coast

Committee Memberships

Fife Council

Fife Planning Review Body

North East Fife Area Committee

Regulation & Licensing Committee

Standards & Audit Committee

Trusts
St.Andrews Harbour
St.Andrews Botanic Gardens Education
Walker
WeCan
Strathmiglo Hall Trust
Tay Road Bridge Joint Board
Auchtermuchty Community Centre Committee
Auchtermuchty Community Association

Surgeries Held at
Auchtermuchty
Falkland
Freuchie
Ladybank
Newburgh
Please call or email David for dates and times
07922 268 313 or Cllr.david.macdiarmid@fife.gov.uk

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Last Updated: 2nd March 2010