Over at Subrosa's blog, Oldrightie ponders the 'horrors' of an independent Scotland joining the EU -
"There is also the matter of North Sea oil in Scottish waters. I assume the claim to those still to be exhausted and quite large reserves will become part of the European piggy banks. Subject to being taxed and controlled for the benefit of all the EU States."
Well, as self-confessed 'assumptions' go, that's a pretty huge one, isn't it? The tax revenue goes straight into the United Kingdom coffers at present, and so an independent Scotland would become the beneficiary instead. Any change to that position would require a treaty, and by extension the consent of all member states, ie. if Scotland was independent by then, we could veto.
"Now here would lie an irony. The same devastation wrought on the fishing industry, visited on the oil business. Much to savour and look forward to, as an Independent EU State, dominated by majority voting by the European Federal bodies!"
A great many of us are certainly looking forward to the elected Scottish government actually having a direct vote in EU bodies, as opposed to our being 'represented' at UK level by Danny Alexander and Michael Moore, and at EU level by David Cameron and William Hague.
And on a point of pedantry, the title of Oldrightie's post is also misleading - there wouldn't be any Scottish euro notes if (and it's clearly now a big if) we were to join the single currency. Which would be a matter of regret, but there would of course be Scottish euro coins instead!