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If one day it really is Scotland’s oil ... what will we do with it?

SINCE Independent MSP Margo MacDonald first coined the phrase in her previous life as an SNP icon, it has lost little of its clout.

Launched in 1972, the rallying cry “It’s Scotland’s Oil” quickly embedded itself in the national consciousness, summing up the sense of injustice that Scotland was missing out on the income from her own natural assets.