The Official History of North Sea Oil and Gas: Vol. II: Moderating the State∆s Role

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2011-10-05
  • Publisher: Routledge

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Written by the leading expert in the history of UK energy, this study provides new, in-depth analysis of the development of UK petroleum policies towards the North Sea based on full access to the Government's relevant archives.It discusses in detail the controversies over the early gas contracts with the Gas Council/British Gas, the decision to found the British National Oil Corporation (BNOC) and state control over the depletion and disposal of North Sea oil. The introduction of special taxation (Petroleum Revenue Tax and Supplementary Petroleum Duty) to increase the state's share is covered at length. The lively debate over the use of the benefits of the large North Sea oil revenues is also chronicled. Following the election victory of the Conservative Government in 1979, the gradual dismantling of state intervention and the privatization of BNOC and British Gas are discussed. The major effects on the Scottish economy, the response of British industry to the opportunity, and theevolving health, safety and environmental issues (including the Piper Alpha disaster) are dealt with in depth. Many new insights into the evolving policies in all these areas are revealed.The Official History of North Sea Oil and Gas will be of interest to students of North Sea oil, energy economics, business history, and British politics.

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