The North Sea Oil industry is losing so much money, that within five years it will actually cost the British taxpayer money, according to the Office for Budget Responsibility (OBR). The annual loss is predicted to be more than £1 billion ($1.45bn) a year until 2021, leading to a bill of around £5.8 billion ($8.4 bn). Scottish National Party leaders had promised a second oil boom if Scotland had voted for independence, suggesting the industry would generate over £7 billion in 2017.