Economics
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In the News
Falling oil prices and disappearing rigs
Graham Watson
7th February 2016
This BBC article puts the impact of low oil prices in a Scottish context, suggesting that the current price levels are such that a number of rigs are going to be shut down in the near future. This, of course, will have a negative multiplier effect and cause structural unemployment, although the decommissioning of rigs will create work for some.
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