According to Morgan Bazilian, director of the Payne Institute for Public Policy at the Colorado School of Mines, any near-term effects will likely come from people in Scotland who aren’t directly involved in negotiations.

Peter Maniloff, an assistant professor of economics at the Colorado School of Mines, says more reserves may mean more employment in oil and gas states, but, “There’s the saying that the stone age didn’t end because they ran out of stones. ..."