RE: “Quebec didnt have North Sea Oil Income.’
Scotland doesn’t have Quebec hydro electric income.
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.