The per capita value is more than 8 times greater for Scot’s oil versus Quebec’s hydro.
Hydro Quebec has ~36,000 MW generation capacity, last year produced 177,858 GWh, Exporting price averaged $50C/MWh or $8.1 Billion USD total generation.
Scottish waters produce 1.2 million barrels a day or 438 million barrels a year. Brent oil at the same time averaged over $100, call it $44 billion.
Quebec has 8 million people, Scotland 5.3 million.
Scotland’s Natural Gas alone would exceed the value of Quebec Hydro, oil would be in addition to that.
If you look at who would be running an independent Scotland—hardcore socialists who make British Labour look like Ayn Rand—the energy numbers will be meaningless. The Chavez regime in Venezuela started out with enormous oil wealth too.
Yes, indeed the numbers you present are interesting. I was doing a quick search today and couldn’t pinpoint them, including amount of Quebec power sold to the US.
Thought your point about oil was good, but consider MW distribution to Uncle Sam’s NE. I postulate that if Quebec had been successful(separation) they would held hostage very dependent US/NE and price/demand would be different then standard rates... i.e. the Francophon-shieks