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it has most of the UK’s oil but the UK is not a major oil producing country. Most of the UK’s oil isn’t actually that much
there’s still some oil there, and the eu is currently looking for it’s next fix like an addict suffering from withdrawal after russia cut them off
the EU already has norway which produces 10 times the amount of oil and Scotland is a rural area that would be entitled to a lot of subsidies without much of a financial economy which is what the EU liked the UK for. Also it would massively complicate the EU’s relationship with the UK and might therefore cost the Germans money