very busy with oil related ships. Our income this year is well up, and much of that is thanks to oil-related offshore activity.« »There is more emphasis now on these areas, especially with the turmoil [...] were not impressed. Moreover, with a ?booming economy? fuelled by the islands? traditional industries of fishing and fish processing, knitwear and agriculture, islanders saw no reason why they should respond [...] equal level with the oil bosses. Known as the Zetland County Council Act 1974, the devolution of powers, including the jurisdiction of the inshore waters, gave the Shetland Islands Council a degree of autonomy
1986, with no warning, the price plummeted from $30 to less than $10 in less than a month the city was rocked to it?s granite foundations. It was estimated that 6000 out of 28,000 offshore jobs disappeared [...] unprecedented prosperity with hotel rooms at a premium and hardly a seat available in the rapidly increasing number of restaurants inn the city which had truly become cosmopolitan with American, French and [...] disappeared along with thousands more onshore. A leaner and meaner oil industry emerged from the slump focused on driving down costs to make the North Sea more globally competitive and with each year since the