Here is a slightly different perspective:
BBC News - North Sea oil collapse fears 'too dramatic'
Don't forget the BBC is stuffed full of climate change obsessed lefties who blame 'big oil' for everything. The BBC would love to see an end to fossil fuel usage and that we get our electricity, on a rationed basis, from useless expensive and intermittent windmills.
Don't believe me, read any of the sh*te from the BBC Science/Environment section that happens not to employ any journalist with a science qualification.