Scotland's Oil

The crash in the oil price shows how vulnerable an independent Scotland would have been if the Yessers had won the Indyref.  The sheer volatility of oil means that an independent Scotland heavily reliant on oil would find itself cutting spending dramatically in circumstances such as these.  Circumstances over which it would have not control.  That is before you worry about the longer term decline in marginal North Sea oilfields, and the effect of the "Dutch Effect" on exports when prices are high.