Fri Feb 28, 2014 9:53 am
Muppet Mike(I just cannot continue with the sobriquet Very Sensible)
Your explanation of the problems with oil production in the North Sea if Scotland were ever to become independent is very enlightening. The tax situation I can grasp but the other points are a bit puzzling.
You like many people on both sides of the border are making major assumptions that don't exist
No domestic stock exchange - might be why the major oilies aren't going into Somalia.
Perhaps the easiest thing would be like any other country Scotland would revert to it's own exchange. It isn't that long ago that Glasgow had a stock exchange.
Aim shares quoted in a foreign currency - but there wouldn't be a domestic stock exchange anyway or do you anticipate Scotland having only an AIM market?! You are allowed to buy shares in other stock markets with different currencies so where is that a problem.
I have also checked the AIM listings and can't find BP, Shell or Cairn. I presume the Koreans, Chinese and Quatari companies will be registered in their home countries.
Things do look bleak for North Sea oil IF Scotland is daft enough to vote for independence