What price does oil need to fall to before investment in the North Sea reaches bottom and Aberdeen no longer becomes an oil hub?
As I understand the North sea has some of the highest costs for oil extraction and also some of the largest wages with 400,000 employed in the UK industry.
With the price at a 5 year low and continuing to fall there must be a point where the companies in the north east say enough is enough?
I'm guessing there would be a lot of worried people in Aberdeen right now
Last edited by ANYWHERE BUT ABZ; 6th Jan 2015 at 18:27.