CHARLIE Kerr writes that Scotland will only get £480 million from oil recovered from the Moray Firth, while Norway will get £25 billion (Long letter, January 28).

I’m afraid it is much worse than that. Scotland does not get a penny from oil production anywhere in Scottish waters as all petroleum revenue taxes are sent direct to the Westminster Treasury. The UK Government even set up a new “ex regio” area covering Scottish waters to ensure that the petroleum revenues were not allocated to Scotland, thereby perpetuating the myth of "too poor".

READ MORE: Don’t be certain the PM will allow May’s Holyrood election to go ahead

Meanwhile wealthy Norway, with lower total production than Scotland, has set up a $2 trillion fund for the future. The UK Government, on the other hand, has wasted every penny by cutting income taxes for the wealthy from 60% to 40% and leaving absolutely zero for future generations.

The disastrous waste of our oil wealth is probably the worst theft ever perpetuated on Scotland.

James Duncan