£334 billion net tax revenues for the government from the oil and gas sector
Helps to explain why we didn’t put it all into a sovereign wealth fund as Norway did.
Simply not a large enough number in relation to UK public finances or economic size.
Yes, yes, obviously, that’s a non-inflation adjusted number, doesn’t include what might have been earned on any investment fund etc. But still. The Norwegians were at times getting 30% of GDP from the oil. The UK peaked at what, 3%? Summat like that.