Oil prices have fallen from over 100 a barrel in 2014 to less than 30 now. But in the communities that rely heavily on the oil industry for jobs, this fall has been devastating. Britains oil capital aberdeen once boasted more millionaires per capita than anywhere else in the country. Now the scottish city is in crisis, with thousands of people out of work, loing their homes and relying on food banks. The collapse has also exposed the vulnerability of the scottish economy, some say weakening their case for independence from britain. Reporter ryan morison spends a lot of time home alone. His daughter is at preschool, his wife has gone back to work. The family barely makes ends meet. The bank has only deferred their loans until the end of the month. As a drilling engineer, ryan did well out of the oil boom in the north sea. But before he and his family had even moved into their new house, he lost his job. Ryan morison in june 2015 i was told there was no future work for me at the company
Across europe taking road trips for their vacations. Oil prices have fallen from over 100 a barrel in 2014 to less than 30 now. But in the communities that rely heavily on the oil industry for jobs, this fall has been devastating. Britains oil capital aberdeen once boasted more millionaires per capita than anywhere else in the country. Now the scottish city is in crisis, with thousands of people out of work, loing their homes and relying on food banks. The collapse has also exposed the vulnerability of the scottish economy, some say weakening their case for independence from britain. Reporter ryan morison spends a lot of time home alone. His daughter is at preschool, his wife has gone back to work. The family barely makes ends meet. The bank has only deferred their loans until the end of the month. As a drilling engineer, ryan did well out of the oil boom in the north sea. But before he and his family had even moved into their new house, he lost his job. Ryan morison in june 2015 i was