Will the Scots choose the Venezuelan model?

NY Times:

Scottish Independence Movement’s Wager on Energy Could Prove Risky

Ownership of North Sea energy assets, and control of the taxes they produce, have been a rallying cry for Scottish nationalism — but rising costs and fluctuating prices make projecting future revenues difficult.

What makes it even more risky is that the proponents are looking to establish a leftist government that will suck the energy money dry instead of investing in future resources.  Governments of states with large mineral resources can pick the Venezuelan model wasting the revenue on socialist programs or the Texas model which leads to wider prosperity through small government and letting people keep more of the money they earn.   The greedy government model will lead to failure.

Some of my ancestors were Scots who first left for Northern Ireland and then migrated to the US where many achieved prosperity.  At the time they left Scotland the culture there was not amenable to wealth production for most.  Adapting to the English culture eventually changed that and led to greater opportunity.  I think it would be a shame to abandon that cultural change.