Just who exactly are the OBR and are their forecasts on oil believable?
By Martin Kelly (12 July 2014)
In March 2013 I wrote an article which looked at the Office of Budget Responsibility (OBR) and asked whether its forecasts on oil revenue were believable.
Since the article was published, the body set up by George Osborne has revised its forecasts for the oil and gas sector downwards several times - the latest by a whopping twenty five per cent.
As ever, the media in Scotland has headlined these figures and the Better Together campaign has used them in order to 'prove' just how pitiful Scotland's oil and gas resource is.
Now, nearly a year and a half since my original article, I have decided it is time to bring it up to date and see just how accurate the OBR predictions for 2013 were.
Read full article HERE