Vladimir Putin

Baxendell, Peter B.

The speeches are free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.

The problems relating to oil and gas now facing the United Kingdom. Canada's familiarity with the problems. Similarities and differences between the two countries with respect to oil and gas. The effects of the new price environment on North Sea oil development, especially two significant aspects having to do with the economic worth of the North Sea reserves as it relates to world oil prices and secondly, the United Kingdom's opportunity to formulate its taxation and regulatory policies from essentially a clean slate start. These two aspects are discussed in detail under the following headings: Timing, Technology and Cost, The National Resource, Fiscal Terms, and Participation. The difficulty of answering the question "just what will the North Sea mean to Britain's future?" Some financial statistics in answer to this question.

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