Editing History of Scotland (section)

===Economic reorientation===
{{Main|Economy of Scotland}}
[[File:Oil platform in the North SeaPros.jpg|thumb|right|A [[drilling rig]] located in the [[North Sea]]]]
Following World War II, Scotland's economic situation became progressively worse due to overseas competition, inefficient industry, and industrial disputes.<ref>{{Cite book |last=Knox |first=William |title=Industrial Nation: Work, Culture and Society in Scotland, 1800-present |date=1999 |publisher=Edinburgh University Press |isbn=0-748-61084-7 |page=255 |ol=121302M}}</ref> This only began to change in the 1970s, partly due to the discovery and development of [[North Sea]] oil and gas and partly as Scotland moved towards a more service-based economy. The discovery of the giant [[Forties oilfield]] in October 1970 signalled that Scotland was about to become a major oil producing nation, a view confirmed when Shell Expro discovered the giant [[Brent oilfield]] in the northern North Sea east of Shetland in 1971. Oil production started from the Argyll field (now Ardmore) in June 1975, followed by Forties in November of that year.<ref>{{Cite book |last1=Vickers |first1=John |title=Privatization: an Economic Analysis |last2=Yarrow |first2=George |date=1995 |publisher=MIT Press |isbn=0-262-22033-4 |edition=6th |location=Cambridge, MA |page=317 |ol=2526861M |author-link=John Vickers}}</ref> Deindustrialisation took place rapidly in the 1970s and 1980s, as most of the traditional industries drastically shrank or were completely closed down. A new service-oriented economy emerged to replace traditional heavy industries.<ref>{{Cite journal |last=Payne |first=Peter L. |date=1995 |title=The End of Steelmaking in Scotland, c.1967–1993 |journal=Scottish Economic and Social History |volume=15 |issue=1 |pages=66–84 |doi=10.3366/sesh.1995.15.15.66}}</ref><ref>{{Harvp|Finlay|2004|loc=ch. 9}}.</ref> This included a resurgent financial services industry and the [[electronics manufacturing]] of [[Silicon Glen]].<ref>{{Citation |last=H. Stewart |title=Celtic Tiger Burns Brighter at Holyrood |date=6 May 2007 |url=http://politics.guardian.co.uk/scotland/comment/0,,2073303,00.html |work=The Guardian |archive-url=https://web.archive.org/web/20081206135231/http://www.guardian.co.uk/business/2007/may/06/scottishparliament.devolution |archive-date=6 December 2008 |url-status=live}}</ref>