"It's Scotland's oil" was a widely publicised political slogan used by the Scottish National Party (SNP) during the 1970s in making their economic case for Scottish independence. It was argued that the discovery of North Sea oil off the coast of Scotland, and the revenue that it created would not benefit Scotland to any significant degree while Scotland remained part of the United Kingdom.
The SNP campaigned widely in both the February 1974 UK General Election and subsequent October 1974 UK General Election using this slogan. At the February election the SNP gained seven seats in the House of Commons and 22% of the Scottish vote, rising to eleven seats and 30% of the vote in the October election. The idea behind the slogan has proven to be controversial in discussions surrounding the financial viability of an independent Scottish state and still resonates to this day.
Read more about It's Scotland's Oil: Background, Reality of The Claim
Famous quotes containing the words scotland and/or oil:
“The state of monarchy is the supremest thing upon earth: for kings are not only God’s Lieutenants upon earth, and sit upon God’s throne, but even by God himself they are called gods.”
—James I of England, James VI of Scotland (1566–1625)
“Can he who has discovered only some of the values of whalebone and whale oil be said to have discovered the true use of the whale?”
—Henry David Thoreau (1817–1862)