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The SNP’s economic case is draining away

With the oil price at its current low, an independent Scotland would face a fiscal “chasm”

By George Magnus  

A North Sea oil rig. ©Danny Lawson/PA

Read more: the Iran deal marks the end of the Oil Age 

Read more: 2016–the year when politics will trump economics 

The deteriorating relationship between Saudi Arabia and Iran may have global implications of huge importance—but what, you might ask, does it have to do with the lurking issue of Scottish independence and this year’s Holyrood elections on 5th May? The answer is oil, which is the basis of the economics of independence.

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