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Posted: **Fri Dec 26, 2014 2:02 pm**

North Sea oil industry 'close to collapse': Experts' warning that oil price plunge is not all good news for UK economy

Oil tycoon and government adviser Sir Ian Wood says 10% of jobs could go

Premier Oil boss Robin Allan says at current oil prices it is 'almost impossible to make money'

Brent crude has nearly halved in price on world markets since June

ByLaura Chesters For The Daily Mail

UK's North Sea oil industry 'close to collapse', warn experts, as oil price drops | This is Money

Posted: **Fri Dec 26, 2014 3:29 pm**

Just emphasises how the profits from the north sea have been squandered by successive UK giovrenments. Instead of investing in the future and saving when the times were good we are bankrupt.