| A Scottish sovereign wealth fund could produce a recurring oil income worth billions to an independent Scotland, according to a new analysis. The economic outlook found that if only £1.2 billion was invested each year into an oil fund and delivered similar growth to the Norwegian Fund, then Scotland could expect a fund worth £73.64 billion in 24 years.
Rather than be directed to tax revenues, the fund would continue to grow year on year with revenues from the North Sea and investment returns reinvested, the report argued. Oilandgaspeople.com chief executive Kevin Forbes said the analysis suggested that Scotland could create ”a never-ending supply of funds derived from North Sea oil and gas” if it were to establish a national oil fund.........................................Full Article: Source
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