Quote:
Originally Posted by lostalex
oil is an unstable market?? lol, no, actually having a resources based economy is very stable. the only reason Canada and Australia did so well compared to the rest of the world from the 2008 financial crisis is because they both have resources based economies. Scotland would have actually been better off not being so deeply connected to the London financial system.
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It's unstable to be so reliant on it because any shifts in prices or sudden changes will have a massive effect, and the fact that the richest reserves have gone makes it more uncertain
http://www.economist.com/node/21552564
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