The impact of North Sea oil and gas on the British economy is examined thoroughly in this book. It explores why the early years of the 1980s, when oil production had risen to the level of self-sufficiency and beyond were years of recession and unemployment. The book compares the record of British government policy with that of Norway, the Netherlands, Venezuela, Australia and Japan. Issues such as long – term energy policy are also examined.
Part 1: Oil and Gas 1. A Brief Retrospect of Oil and Gas in the British Economy 2. Prospects for Oil and Gas 3. Depletion Policy Part 2: Oil and Manufacturing Industry 4. The Effect of Oil Exploitation on the Industrial Sector 5. The Experience of Other countries Part 3: Oil and the Economy 6. Oil and Economic Policy 7. The Government’s Medium-Term Strategy 8. Alternative Policies 9. Conclusions