how much north is left in the north sea -- how much oil is left in the north sea?omeone has a particular view on that debate. >> he built the would group up into an international oil and gas services business. he released a report earlier this year which gave a ranged forecast for where he thought reserves would be and was angry that the snp had picked up on the upper end of his range and had gone with that in his campaigning materials. he was reluctant, but found it necessary to step back into the limelight and express his views about the state of the reserves. i caught up with him yesterday and asked him for an update on the reserves in the north sea. not goteason i have involved is that there have been a lot of comments, frankly, that have based on one side or the other expressing a view. i guess that in two or three stories in the last couple of weeks, which i have taken strong exception to come which is why i came out again last week which is based on almost fantasy in terms of a potential area in the north sea that might produce reserves. you might as well sa

political economy if goes independent, will depend on taxing large oil companies who are drilling in the north sea. a lot of that money now goes to london. alex salmond claims 91% will be used in scotland. i am anxious for both environmental and political reasons about scotland's high dependence on oil, both in the sense of being in terminal arguments, but the political -- in terminal arguments, but political arguments, having large oil cavities such as the big swiss company that owns entirely the oil refinery in scotland, poses a big risk. they are the have a lot of influence in scotland. it is to have language reprise under an independent scotland. -- increase under independent scotland. there is the underlying argument this would be a nice hotel westminster elite.

the north sea. he is joining in on the debate. a ceo says, are responsibilities to protect the interests of our customers and shareholders. going back to the session yesterday -- the discussion the logistical issues he raised were week. is aced -- this really one-way ticket to uncertainty. you sent me the story, anna. whiskey distillers, 4.3 billion pounds of whiskey. the distillers association says 20% of their business -- eu membership is not assured. lloyd's are making contingency plans. a. -- to sayed in today. the analyst says, it doesn't matter if it is a yes vote. he reckons both banks will leave. he says the cost will be one million pounds. the cost to scotland with regard to reserves is very important. the governor spoke. when you have a financial toustry so big relative industry, the financial sector is 10 times the gdp. needid traditionally you reserves between 25%-100% of gdp. if you are a country like scotland or hong kong, you need more. that means scotland is very short of reserves. know how the- reserves are going

i talked to him about investments in north sea oil. the uncertainty surrounding the ambit of -- independence referendum had weighed on levels of investment in the north sea. >> i suspect the oil industry believes and is hoping there will not be a change. change,if there is a from the interviews with operators, they would definitely prefer to deal with the u.k. not because there's anything wrong with scotland, which is a great country. but they like the comfort of the bigger economic unit. a solid country and in no uncertainty. all i'm going to say is i believe it will be more difficult to get the level of investment we require under the change. theny thoughts on how -- oil might be split between the u.k. and scotland if there is a yes vote? is it all up for negotiation? >> i don't think anybody has the level of wisdom to venture a guess. there are a range of things that have to be sorted out and it will be a long, hard -- if there is a yes boat, the best thing that could happen is the sides would try and work together and find ways mak

the future of north sea oil is under intense scrutiny as scottish independence plays out in the u.k. orange is offering 3.4 billion euros in cash for this -- broadband provider jazztel. about 1.5 give orange million prescribers. subscribers. we will have more later. >> another company we are watching is netflix. expanded to six new market. they face regulatory hurdles companies.media >> technically i haven't been able to watch it. germany will be one of the new countries. they are getting a be million broadband households. -- 80 million broadband households. household million that are broadband connected. a unfittings said it is to get into these markets, but they are taking a long view. keep hitting more content nd more content. >> it is worth remembering this is a country with phenomenal their. in terms of strategies they want to get out wide of the united dates. -- states. they have 50 million subscribers. they want to branch out. they have to go to different market. the problem is you don't have the life thing agreement. here is reed hastings again. >> we are licensing local cont

. >> there is tremendous opportunity in the north sea. example, we have a project called rose bank, in principal it's a significant discovery, and there are others that could be developed in due course. liz: chevron is just slightly lower at this point, but the polls that decide whether scotland will end its 307-year partnership with the rest of the united kingdom close in less than 120 minutes from right now. five p.m. eastern, voting stations around scotland shut their doors, and then the counting begins, and it'll be around two a.m. eastern time that we get the actual vote. here's the map, everybody. north of england we're looking at scotland. will scottish citizens vote yes or no for their country to break away from the mothership? as of right now official word is that the nos have it by a whisker. i'm hearing from sources that the nos have it by a bigger margin. but at this moment we're not calling it. it matters to you and your money. if scotland votes yes, there could be serious implications for world equity bond and currency marke

you have that revenue from all of that north sea oil. >> yes, that is crucial. leader of the scottish independent movement, he says are the scott's -- scots not getting all of the benefits of the oil from the north sea, and they want to get more. but that oil and that gas is not going to last forever. it is not a good foundation for a nation to build its finances on. even with the oil, and independent projection said they could start in 2016 and 2017, with a 26% budget deficit share >> is there a case to dissolve this union and allow it to go independent? group -- there a is a group of people who have never voted before, and they might think this is a great radical rose bowl. -- proposal. scots are to the left. they are quite different from the cameron government. i-europe. theynt are pro-europe, but the issue is, do you put short-term disagreements with the u.k., and put them dead center, and then make it something that you can't run around? -- turn around? that is the economics. a big part of what is going to be decided next week. brown, taking a look at the e

there is no place in western europe that is naturally dark you have to go to the north sea into the oceanefore you get back to natural darkness. brightest places are the cities but then work your way out from there but that spread of light is something most of us don't understand. here is the image of the united states it is the most revealing. for images they head data from 1996 from the left-hand corner to estimate back to the '70s and the '50s to show a very darker country fail is like to guess those who remember the fifties or before. then on the bottom rate -- the bottom right estimating for word. here is another way to think of this with this abbreviated version down to the darkness areas. i mentioned before i used the structure for my book very bright down to the very dark and i talk about a different issue so we talk about the history, security history, security, ecological cost of light, heim and healthy fax and spiritually fax down into the last few chapters. the big issue is don't we need this for save your security and live in harrisburg virginia town of 40,000 as the top-10 s

there is a great future ahead for the north sea oil out of scotland.f it puts a chill saying bp staying in there it is a negative for future growth. >> it basically goes from scotland's oil, the oil in the north sea supplies about 60% of the uk's oil need and from the uk effectively supplying itself to the uk relying on what could be a separate nation who could choose to then sell the oil anywhere it wants to. this is not a good thing for the uk from an economic perspective. >> it seemed like the vote was assured it wasn't going to become independent. this poll is supposedly a bit of an outliar. the reaction has been severe. the move in the panel was just incredible for a currency to move a percentage and a half. it is incredible. it's more dollar strength, dollar. this is putting tremendous downward pressure, deflationary pressures. >> we have another poll which will confirm this is an outliar or confirm this could really go against what the united kingdom wants. remember a lot of people are voting by mail. they have already voted. no matter what the

the problem is that north sea oil is pretty much used up. what is left is going to be more and more expensive to get out of the ground and by about 2050 the oil revenues are projected to have collapsed. and scotland is a grayer older part of the u.k. and will have huge pension liabilities. what people should be caution about is the numbers thrown around by the proscottish government in edinborough, the billions and billions of pounds they will get but that is based on a oil price of $110 a barrel. that is a i have high number. most feel the price of oil will go down below that, it's already below that at the moment. that tears the heart out of their argument. as does the currency. >> how will this affect the relationship between edinborough and london? >> that's a very good question. the moment the no vote looks just slightly ahead. the no vote would mean the u.k. would stay, scotland would not be independent. but that's not the end of it. on the technical level, more powers would be devolved to the scottish government. but what you would se

the north sea oil is drying up. it's on the downward decline.up having to reunite with britain, or some form of euro to bail them out. hope they don't do it. >> my grandkids, the 8-year-old twins, they call me grandma america. i hope this does not happen. i don't think scotland will be better off. i understand the desire to be separate. it doesn't necessarily mean that there's going to be like rainbows in europe. >> what does your husband predict? >> well, he doesn't want them -- what does he predict? >> yeah. >> i don't know. i should have asked him. >> i admire scotland. i'm a huge fan of their adhesive tape. but it's a great time to be a map maker. because you get paid a lot to change great britain to just okay britain, which will take a lot much time. >> average britain. >> are you upset about this? >> oh, yes, broken up. i can barely sleep. i don't understand it. it's like the couple that gets divorced in their 70s. what's the point? right? why now, guys? i agree with dana, i don't think they're going to be better off. >> i'll get in more t

the north sea oil and gas reserves are worth 2.5 trillion. the yes campaign says it's >> if voters decide they want to stay in the union, it's improbable there'll be a push for independence. the u.k. will consider a further devaluation of powers. . >> why an independent scotland and why now? >> i think people all across the u.k. are pretty fed up with the kind of broken political system, the fact that we have geremy on the tele member with us who is live member, for life appointed by the prime minister of this country. we have one of most undemocratic systems in the world. it's that system that has made britain the most unequal count country, and it's the right winged brand of economics that we want to get away from. huge numbers of people in scotland by that send ha want more. >> don't political pendulums swing back and forth leaving the country you've been a part of for 300 years because you don't like the current system of government in westminster? >> i think it's not just the conservative party, as you say. if that was the case, the part

oil rigs were built off scotland to tap reserves in the north sea. that raised hopes that tax revenue from drilling could fund an independent scotland. the first step of scottish devolution came in 1999. under the process, westminster grants powers to the scottish parliament. britain allowed it to convene for the first time. the scottish national party gained support on an independence platform and soon won a majority in the regional parliament. the pro independence movement grew and british prime minister david cameron agreed to let scotland hold a one-time referendum. >> pursuing policies the people of scotland support, our country, our scotland, our independence. >> reporter: the yes or pro independence camp gained momentum as the vote approached. but the majority of people voted no, that means scotland will continue as an integral part of the united kingdom. but the process of scottish devolution is forging ahead. prime minister cameron has promised to cooperate with other major parties to give wider autonomy to scotland. >> we have delivered und

well, they get a lot of money from westminster, 300 million in grants, but also have north sea oil andsea the north sea oil could be the foundation of an economy that can see them prosper by themselves. that's the argument. the other big question, shep, what currency are they going to use? they say they want to use the pound but will the bank of england back the pound? back another country's currency? so many unanswered questions. vote or no vote. >> we ought to know in the morning. neil cavuto, they're going to preempt i'mus and going to have -- imus and they're going to have full coverage because it's interesting. tomorrow morning, early in the morning, watch it, fox business network. >> another historic change in scottland. after 260 years members of the royal and ancient golf club voted to allow women to join. women are allowed to join the golf course over there in the scotland. it is 2014! and they have decided by the grace and the benevolence and the goodness, the charitable thoughts have brought them to the point where now, yes, the women can come. critics slammed the all-mail g

if a yes vote surprises us and comes up. >> north sea production is already falling. >> and they needaded pretty significantly. you have been reading about that over the past few weeks and months and that has all been on hold until the vote. after the vote look for some of these stocks, the oil service stocks in particular for deep water drillers to move. >> well coming up, advertisers from pepsi to verizon speaking out on the nfl's problems. should they pull the plug? the man who used to control the biggest ad budget in sports gives us his take. and still wait on the alibaba. we have your play book and much more ahead on the half. ♪ when the world moves, futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with paper money to test-drive the market. all on thinkorswim from td ameritrade. >>> new record high for stocks today. utilities, most of them going the other direction. edison at the top of our list and energy under some pressure lately. alibaba prices tonight. begins trading tomorrow. let's talk about whether you get in

scotland's north sea oil and gas reserves are worth an estimated $2.5 trillion. the yes campaign said that is enough to help fund a new nation. but better together said oil money is not reliable and will eventually run out. >> in the no campaign, the only people in the world who argue the asset. >> currency is a major issue. >> he believes the best option for scotland is to have the pound sterling. we get our wages in the pound. i'm seeking the best option for scotland so our prosperous economy will continue. >> but they won't allow an independent scotland to continue using their sterling. >> the u.k. would consider a further divilusion of powers, but if they come out victorious it's likely they'll host a huge party. >> 307 years after the acts of union is scotland merely a region of one country or still such a distinc distinct separate particular place. on a practical level would scotland be a kingdom or republic. have an established church. membership in the european union. and what would be used for money? joining us to consider the future of scotland, lord ge

london establishment and confidently predicts a bright future for scotland thanks to assets such as north sea oil and gas and whiskey. >> the advantage of independence and the security of independence -- the people of scotland will decide what to do with the vast natural and human resources of the country. >> is opponents have branded him arrogant and misogynistic with a tendency for populism. his style grates with many ordinary scots. he stands on the verge of becoming a scottish hero. >> he will say he is centerleft or a social democrat, but he is actually in the blair mode. whatever works. it's a bit of everything. at the moment, his economics are center-right, his social policy is centerleft. he wants to appeal to as many people as possible. >> it is an approach that has worked. even if the vote goes against him, he could still claim a victory. the u.k. government has promised scotland greater powers on tax raising and spending if it stays in the union. >> next to ukraine, where the prime minister has told the defense ministry to make sure government forces are on full battle alert. earli

. >>> now, north sea oil is at the heart of the scottish independence debate, is it scotland's or should the rest of the u.k. depend on the profits. what happens when the oil runs out. we have that report from aberdeen. >> reporter: the granite city they call aberdeen, and on the east coast it's bitterly cold and grey. this place has been basketing in the economic sunshine for years. oil provided it. kenny runs a construction company. yet he supports independence from the u.k. because he thinks so much of the profit has been wasted by london. >> oil was discovered in late 1960s when i was a teenager, ever since i was a teenager they've been saying it ran out and it stifled development and opportunities, we could have had a stronger opportunity had the infrastructure, investment and encouragement from the u.k. treasury been stronger. the two sides in the debate agree that scotland could survive as an independent country, but oil, energy and scotland's future income have been a source of end less, furious debate. >> it's been central to the argument of the scottish national party, but the

scotland is 3 major industries, oil, north sea oil.e whiskey, they have -- north sea oil is running out, banks will move to london that will leave just whiskey, whiskey is coming under pressure on a global basis from american whiskey companies that compete with better products. all those 3 things, they will lead to price, if scotland has one industry left that is productive, they like socialism, that is part of reason they are thinking of declaring independence, it will leave one cow to milk. you can only take so much cow out of -- milk out of a cow before it drops dead. gerri: how much might they rise? will i have fewer choices? >> i think that you will not see choices necessarily narrow. bubut it guess to what i said, prices can double, they can triple over a language period of time -- longed it oed period ofa basic economics. the scottish people are becoming attracteed to socialist concept you can get something for nothing, if you have one man standing in scotland, which is whiskey, you will raise the tax out of it. gerri: to be fai

scotland's north sea oil and gas reserves, are worth an estimated $2.5 trillion. the s campaign says that's enough to help fund a new nation. but better together, says oil money is not reliable, and will eventually run out. >> . >> they would continue using the british found. >> we believe the best option for scotland, what i am seeking a mandate for, is to have the pound sterling so we pay our messages we pay our mortgage, we get our wages, i am seeking the best option, so our prosperous economy keeps it going. >> but the three major parties of the united kingdom say they won't allow an independent scotland to use their sterling. of course we can use it. >> awe. >> we can use anything we want. the problem is, if you are using somebody else's currency, you don't have a central bank, so our financial services can't exist in scotland. >> if voters decide on september 18th they want to stay in the union, it's improbable there would be another push for independent for some time. if first minister do come out victorious, it's likely they will host a huge party. >> 307

the north sea oil and gas reserves are worth 2.5 trillion. the yes campaign says it's enough to fund a new nation. better together says oil money is not realible and will run out. >> no campaign. the labour party are the only people in the world arguing that it is a curse, as opposed to an asset. every other country in the world. >> currency is a major issue. the yes campaign promises an independent scotland will use the british pound. he believed the best option for scotland, what i'm seeking a mandate for is to have the pound sterling. they pay a mortgage. we get the wages in the pound. i'm seeking the best options so the economy keeps the pound sterling. >> three major parts won't allow an independent scotland to use the sterling. >> if voters decide they want to stay in the union, it's improbable there'll be a push for independence. the u.k. will consider a further devaluation of powers. if first minister salmond in his cam comms out victorious, it's likely they'll host a huge party. >>> 307 years after the axe of union, is scotland merel

>> i was crossing the north sea on a usual journey to bet jump in connection with relief and i had abook with me to read of written by andrew d. white. he was the great historian of the french revolution. >> yes. >> and he complained in that book that he had not been able to present the life of the people in general of france because of the disappearance of franklin terry newspaper, literature, bulletins, thousands of things that displayed the life of the people. >> i concluded that i was in the unique position to collect that material. so i established collection agencies in all of the countries at war in europe. i was going behind the lines, once a month on a circuit around in connection with my particular job. and so we started the collection of that type of literature and i was literally moved into more important documentation. well then the library must contain a huge number of documents. >> it contains today probably 20 million documents. many of them are the originals, which format turning points in world history. the most pathetic of them i think i would show you, and that is

at the heart of the independence debate, who controls north sea oil.rence lee reports from the energy capital. >> reporter: the granite city they call aberdeen, and on the east coast it's often bitterly cold and unremittingly grey. this place has been basketing in the economic sunshine for years that oil has provided. kenny runs a successful construction company, but supports independence from the u.k., because he thinks so much of the profit has been wasted by london. >> oil was discovered in the late 1960s, when i was a teenager, and ever since i was a teenager they said it was running out. it stifled opportunitiesies, we could have had have strongery, had infrastructure, investment and encouragement from the u.k. treasury been stronger. >> reporter: the two sides in the debate agree that scotland could survive as an independent country. oil, energy and scotland's future income is a source of furious debate. it's been absolutely central to the argument of the scottish national party, but the seas are full of oil, and the profits from scottish oil sho

sides campaigning hard to win over undecided votes is at the heart of debate who gets to control north seaport from the energy capitol with lawrence lee. >> reporter: the granite city they call this and on the east coast here it's often bitterly cold and unremittingly gray but this place is basquing in the economic sunshine for years, that oil has provided. he runs a successful construction company and yet he supports independence from the uk because he thinks so much of the profit has been wasted by london. >> oil was discovered in the late 1960s when i was a teenager and ever since i was a teenager they say the oil is running out and this is development and opportunities and i think we could have a much stronger economy in the northeast of scott land with the inf infrastructure and investment and encouragement from uk treasury been stronger. >> reporter: debate of the future of the uk agree scott land could survive as an independent country, but oil, energy and scott land's future income have been a source of endless debates. it has been central to the arguments of the scottish national

a simple question with complicated, unanswered questions about who would get what, north sea oil reserves, nuclear submarines, nato membership, even the british pound. scotland could pay a price if it chooses independence. for the first time voters as young as 16 had a say. show of hands, who's a "yes" vote? who's a "no" vote? but they're split just like their parents. >> and you are a? >> "no" voter. >> reporter: why "no"? >> i think there are too many uncertainties. >> i think if we get independence to look back and say we helped. it would be a really good thing. >> reporter: both sides used social media to get their point across. kate smith was in the field of "no" voters. a "yes" vote would mean her husband's job moves south. >> i'm very, very sad that it's come to this in scotland. >> reporter: the man at the center of the independence movement, reassurance for scotland and the rest of the world. >> so the u.s. has nothing to be worried about? >> nothing whatsoever. >> reporter: still, scotland is restless tonight. >> this is the only chance we're going to get. >> reporter: from livi

towards the nordic countries and thinking about the connections there, the arctic circle and the north seahose countries have largely stood on the sidelines, too, and this debate, not just after the referendum, but, in the case of a yes vote, in negotiations, they will wait to take up the offer of scotland to be partners. >> thanks. geoff? >> i think that the identity question is really interesting, because i people of mention, it is not formally a part of the debate at, it is not on the table. but it is absolutely the underlying fabric of the debate, i think. which is that scottish identity has shifted in the decades. one is that there is a strongly held view on the part of scott's that it is a different place, different school system, different legal system, the first banks. -- different banks. that the one country in the world that we share the most which is angle and -- with is england. in the last few decades the scottish bit of identity has become stronger for various reasons. the reasons that bind the u.k. together have declined. it was founded on the empire, in a sense, which was o

united kingdom slammed the value of the british pound on worries about currency valuation, debt and north sea oil rev news. a new opinion poll shows that for the first time scots might actually vote for independence. >>> the european union formally adopted tough new sanctions against russia today over its actions in eastern ukraine. the move was widely expected as we reported last week, but the eu did vote to delay the implementation of those sanctions while it assesses a cease-fire agreement reached last week. >>> now back to here in the u.s. a lot of economists and market watchers turned to data points like the monthly jobs report or the quarterly gdp report to guide their forecasts and investments. but there are other metrics coming out this week that might be equally as important. as steve liesman show us you might know know about them. >> three reports will get extra attention from investors and two of them most people have never heard of. the kansas city fed on wednesday will for first time release its new labor market conditions indicators. which brings together 24 different labor repo

thalmann counters that north sea oil revenue will more than offset any loss of funds from mother englandnce fever is seen as a reaction to severe job loss that began when margaret thatcher was prime minister, economic trend that had made london a global city, while scotland languished. former prime minister gordon brown, himself a scot, says this in a "new york times" op ed, quote, scotland has been transformed from one of the workshops of the world to a service economy. at one point, scotland's chip yards produced a fifth of the world's ships and its manufacturing and mining sector employed more than 40% of scottish workers. it now employs just 8%. its real quarrel should be with globalization rather than england, unquote. >>> question, who has the momentum, pro union side or the pro independent side? tom? >> i think the pro independent side has momentum in the sense that the undecided polling data shows that that's increasing and they have had, you know, increasing publicity, increasing excitement, but on the same parchment, if you will, the pro union side still leads in the polls and

north sea. u.k. by 10% of the licensees? funding these expansions.the other side of commodities you have a few of the minors leading the downside. -- bhp billiton down 1.5%. the currency regulator finds it perhaps not that surprising. the import-export data from china that reduce demand for some of the key -- china. will that reduce demand for some of the key investors? sales are up 16%. , evenncern is the future though we take on lightest trying to scale up and introduced it in france and italy. there is concern of slowing in september. half it was in the previous quarter. maybe a little bit of concern for the future this week. >> those of us stocks on the move. the top headlines. the pentagon says that u.s. and arab nor points oil refineries in eastern syria. is attacks hit 12 facilities oil swaddling operations. according to some estimates the militias may have been raising $2 million per day from oil sales. the euro is heading for its weakest quarterly performance since the financial crisis. tracing the fiscal currency to a 2012 in november low.

but scotland has a strong national pride not to mention a lot of money from north sea oil it would like to keep. it's been the talk of scotland for almost three years of campaigning. at this business paul would vote yes if he could. >> people by scotland have been neglected by the british government and it's time for change. >> reporter: well, we're here at william glenn and allison, you make the chutney here. but your parents are voting back in scotland. how are they voting? >> mum is voting yes, dad is voting yes. >> reporter: 50/50. that's the way that the polls seem to be going. we'll find out sometime in the middle of the night. in san francisco, mike sugerman, kpix 5. >>> new details on that massive home depot data breach. the company says 56 million cars may have been compromised. it's much bigger than the holiday attack affecting target. home depot says that has eliminated the malware from its system. it also completed a payment security project that adds stronger encryption of payment data at its cash registers. >> you go four days without rainfall in scotland they're wondering

he wanted to downplay those reports of the possibility of there being more reserves in the north sea. he has been emphasizing the maternity of north sea reserves and decreasing tax revenues those will provide. the chamber of commerce have toed to rating impartial -- remain impartial throughout this conversation about independence. they stress that they will have to try and get back to some kind of business as normal, whatever the result they wake up to on friday. >> apart from being a little bit foggy, what is the atmosphere like? >> the atmosphere is a little bit amp, shall we say. atmosphere, all the campaigning has been up until now fairly friendly. we did see some low level not even of jostling, violence, coming through yesterday. this is the front page of the daily mirror. this is admin the band, the leader of the opposition labor party. it was him taking the better together campaign on tour in scotland. he was met with a welcome reception, but some of the yes campaigns turned up and there was some tension in a shopping center. i thought you might like this one. the scottish sun,

are risks and opportunities t depends on external influences, oil price, how much oil is in the north seaw much is taken out. which you have conflicting view, some put it at the top. if you take the advantage on all of these, you get the image, it is basically, probably a country that would have the same sort of problems that a lot of others have. increase welfare, you have to increase taxes, or cut something else. i sound vague, i know that if you read all the economic evaluations, you have to be vague there, are substantial risks and opportunity that come into it. >> does the north sea oil belong to scotland? >> the oil contributing to the uk, the oil revenues are going to the uk, 90% would be in scottish waters. >> gerald chandler. could you tell us if you have data on things you haven't talked about. how many scotts live in england, are they in favor of independence. and how much mixed couples are there, british, english, married scotts, what are they thinking? >> research group naweals did a survey of the english, i am sure they have a variable in there, i only lookad the headline. i

even though scotland would get in theory control of all this revenue from north sea oil, we would make some of the money available back to the broader u.k. the implication of that is that a notionally independent scotland under currency union would not have a great deal of autonomy and independence the way it runs its economic policy. again that ising that hasn't really been, in my time in scotland, something that was not really coming through in the argument what a currency union would mean for an independent scotland. even if you accept charlie is right the establishment would ultimately want to do a deal between england and scotland because they wouldn't want a crisis north of the border, politically it is not at all clear to me that it would be possible for them to do so. one of the ways to think about is the following. the striking thing about this referendum just how little england actually seems to care what is going on in scotland. one example, quebec, had the last referendum on the weekend beforehand there was several hundred thousand people i think marching in the streets of

towards the nordic countries and thinking about the connections there, the arctic circle and the north seahose countries have largely stood on the sidelines, too, and this debate, not just after the referendum, but, in the case of a yes vote, in negotiations, they will wait to take up the offer of scotland to be partners. >> thanks. geoff? >> i think that the identity question is really interesting, because i people of mention, it is not formally a part of the debate at, it is not on the table. but it is absolutely the underlying fabric of the debate, i think. which is that scottish identity has shifted in the decades. one is that there is a strongly held view on the part of scott's that it is a different place, different school system, different legal system, the first banks. -- different banks. that the one country in the world that we share the most which is angle and -- with is england. in the last few decades the scottish bit of identity has become stronger for various reasons. the reasons that bind the u.k. together have declined. it was founded on the empire, in a sense, which was o

oil and gas reserves the north sea will be split up, with 47% of the last and a percentage of the oilo scotland. future revenues may struggle. shellants like bp and have stated they prefer the u.k. stay united. employ thousands of people and generate more than $10 billion every year for the scottish economy. and some of the oldest finance firms in edinburg include rbs and others. they have said they will move the south of the border if separatism becomes a reality. and perhaps the most famous export is whiskey. theke its banks, distilleries cannot pick up and move south. who wants to drink english whiskey? and the currency could impact costs and supply chains. last year, the distilleries sold the $7 billion of whiskey overseas. on average, that is 40 bottles of scotch shifted per second, and that makes it the second largest scottish exports after -- that is 40 bottles of scotch second, and that makes it the second largest scottish export after oil. canceled.ights were hong kong looks like this. there we go, down by nearly 9/10 of 1%. ♪ ♪ >> a working visit for xi jinping. concerns ove

>> i was crossing the north sea on a usual journey to bet jump in connection with relief and i had astorian of the french revolution. >> yes. >> and he complained in that book that he had not been able to present the life of the people in general of france because of the disappearance of franklin terry newspaper, literature, bulletins, thousands of things that displayed the life of the people. >> i concluded that i was in the unique position to collect that material. so i established collection agencies in all of the countries at war in europe. i was going behind the lines, once a month on a circuit around in connection with my particular job. and so we started the collection of that type of literature and i was literally moved into more important documentation. well then the library must contain a huge number of documents. >> it contains today probably 20 million documents. many of them are the originals, which format turning points in world history. the most pathetic of them i think i would show you, and that is this -- when the russians invaded poland, they took about 250 polish m

that the service across the north sea was maintained by the dutch and they frequently lost their channelsteamers. but they always provided methods of escape so nobody much was drowned. one day i went down to take the boat. and i had usually paid the bill for my food and cabin at the end of the trip. but the steward came to me and said you'll have to pay cash. and i said, how come? he said well last voyage, the queen wellameda went down and the passengers owed me nine pound ten and i never got the money. >> i'm afraid you're being unduly modest. i seem to recall a story of your having been actually under fire. >> i was under fire a number of times. but the only time i really got wounded was when the germans were bombing a town of bologne where i was stopping overnight. i got up and looked out the window to see this performance and the germans dropped a bomb in the street right opposite the hotel and i got showered with glass. i got cut up a lot. but i never got a purple heart. >> now, didn't some of the authorities fight the feeding of starving children during your belgian relief career?

the north sea would be split up with 96% of the oil output and 47% of the gas going to scotland. with oil production down, future revenues may struggle to cover promised social spending. oil giants have publicly stated they prefer the united kingdom to stay united. scotland financial sector or is also significant. 100,000 people managing more than 1 trillion and funds and generated more than 10 billion every year for the scottish economy. some of the oldest finance firms including rbs founded in 1727 and standard life started in 1825 have said they will move business south of the border if separatism becomes a certainty. industry was built around the country's imports and exports. you have most famous is whiskey. centuries-old distillery can hardly pick up and head south. they worry the uncertainty surrounding an independent currency could impact competitiveness and supply chain. 109 distilleries sold $7 billion of whiskeys -- whiskey overseas. that makes it the second largest scottish exports after oil. joins me withx more. could be a lot of whiskey drinking depending on which w

>> i was crossing the north sea on a usual journey with the belgium connection of relief and i had aten by andrew d. white. he was the great historian of the french revolution. and he complained in that book that he had not been able to present the life of the people in general in france because of the disappearance of franklin literature, newspapers bulletins, a thousand things that displayed the life of the people. i told him that i was in a unique position to collect that material so i established collection agencies in all of the countries at war in europe. i was going behind the lines once a month on a circuit around in connection with my particular job, and so we started the collection of that type of literature, and eventually we moved to more important documentation. >> the library must contain a huge number of documents. >> it contains today probably 20 million documents. many of them are the originals, which form the time points in american history. the most pathetic of them i think i will show you, and that is this. when the russians invaded poland, they took about rebelle