Revenue per person options from oil and gas per person in Scotland.
| Scotland as existing part of the UK | £5679 per person |
| What could have been had Scotland been independent: | |
| Industry privatised as in current UK | £53,931 per person |
| run with public ownership like Norway | £146,103 per person |
As part of the UK
For the period from 1969 to 2015
The UK revenue from oil and gas was $470 billion (£367 billion). Shared throughout the UK for each Scot as a UK citizen that equates to £5,679 per person.
As an independent Scotland
Had Scotland been independent it would have had about an 80% share of the sales income of UK oil and gas. Assuming the industry was privatised as it was by the UK Conservative government Scotland didn’t vote for, the revenue return achieved was $11 per barrel of oil so the revenue to Scotland would have been £239 billion. Shared within Scotland, that would have been £53,931 per person.
If Scotland had managed oil like Norway, retaining public ownership and gained $29.8 per barrel, the revenue to Scotland would have been £770 billion. Shared within Scotland, that would have been £146,103 per person.
Populations 2018 released June 2019
Population estimates – Office for National Statistics (ons.gov.uk)