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North sea oil revenue.
Topic Started: Aug 23 2015, 05:28 PM (148 Views)
Tytoalba
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North sea oil revenue is down 75% in the last three months.
That should cheer the Scottish nationalists and the Scottish parliament who depend on the revenue to implement their socialist agenda, and support their call for independence. Let them call for another referendum now and see what the result will be.

When parliament returns they may well be a little less vocal, and a little bit more modest in what they try to blackmail for.
Edited by RoofGardener, Aug 24 2015, 01:06 PM.
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Alberich
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Alberich
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I doubt they will be any less vocal. Still stupid....and still very vocal.
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Tigger
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Tytoalba
Aug 23 2015, 05:28 PM
North sea oil revenue is down 75% in the last three months.
That should cheer the Scottish nationalists and the Scottish parliament who depend on the revenue to implement their socialist agenda, and support their call for independence. Let them call for another referendum now and see what the result will be.

When parliament returns they may well be a little less vocal, and a little bit more modest in what they try to blackmail for.
So when are they going to start fracking in your back yard then? Didn't the Scots also say that oil was a bonus and not the basis of an economy?

I bet all those English nationalist forgot about polluted drinking water whilst claiming England would have more oil than it knew what to do with...

;-)
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RJD
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The SNP need to be vocal in London, they need to stir up animosity as they are unable to claim that sound governance is their bag.

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Tigger
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And sound governance in England consists of inflating the housing market, binging on debt to "grow" the economy and selling off anything that isn't bolted down to just about anyone with lose change in his pocket.

It's hard at times to know whether to laugh or cry........
Edited by Tigger, Aug 23 2015, 06:50 PM.
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RJD
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Prudence and Thrift
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Tigger
Aug 23 2015, 06:50 PM
And sound governance in England consists of inflating the housing market, binging on debt to "grow" the economy and selling off anything that isn't bolted down to just about anyone with lose change in his pocket.

It's hard at times to know whether to laugh or cry........
Is that not also true elsewhere? Or is England unique? Mind you I do not condone just because others practice the same policies. As for selling State owned assets, then if they can be used more effectively in the hands of others why not? Why should the State own buildings and land that are surplus to needs when it is carrying such a massive debt? Surely best if they converted these to cash to pay down some of the debts. Best not get too romantic about the State owning bricks n mortar.
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Tigger
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RJD
Aug 23 2015, 07:00 PM
As for selling State owned assets, then if they can be used more effectively in the hands of others why not? Why should the State own buildings and land that are surplus to needs when it is carrying such a massive debt? Surely best if they converted these to cash to pay down some of the debts. Best not get too romantic about the State owning bricks n mortar.



We are in a league of our own when it comes to the bullshit economy, and why are you implying it's ok if a few others do the same thing? Very strange.

Sadly you seem to have forgotten several points, firstly we have the ridiculous situation of several former public utilities back in state hands, that is gas, water and electricity owned by part nationalised FOREIGN companies who naturally take the profit out of the country, an utterly pathetic state of affairs in my opinion, secondly there are plenty of failures to go along with the success's with the taxpayer still on the hook and getting poor service into the bargain, and thirdly what has happened to self respect in this country? Is everything just reduced to financial equation on the balance sheet of a hedge fund who themselves just use borrowed money to asset strip the nations coffers.
Edited by Tigger, Aug 23 2015, 07:32 PM.
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Deleted User
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The reduction of oil revenue must be a blow to our SNP friends.
I cant see it getting any better for the poor darlings either... especially when Iran gets back on stream.
Couldnt happen to a nicer bunch. !poke!
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Rich
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gansao
Aug 23 2015, 10:23 PM
The reduction of oil revenue must be a blow to our SNP friends.
I cant see it getting any better for the poor darlings either... especially when Iran gets back on stream.
Couldnt happen to a nicer bunch. !poke!
Brent crude is at an all time low, it will not be long before the Saudi's tweak the supply and manipulate the markets.
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Pro Veritas
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Tigger
Aug 23 2015, 07:30 PM
1) Sadly you seem to have forgotten several points, firstly we have the ridiculous situation of several former public utilities back in state hands, that is gas, water and electricity owned by part nationalised FOREIGN companies who naturally take the profit out of the country, an utterly pathetic state of affairs in my opinion,


2) secondly there are plenty of failures to go along with the success's with the taxpayer still on the hook and getting poor service into the bargain,

3) and thirdly what has happened to self respect in this country?


4) Is everything just reduced to financial equation on the balance sheet of a hedge fund who themselves just use borrowed money to asset strip the nations coffers.
1) Yup. It shows that part nationalised utilities should have been the way we went, and it shows that the architects of those privatisations gace not one moment's thought to the medium and long term effects of what they were doing. Short-termist greed, and nothing more.

2) That's the point of ALL privatisations - to socialise liabilities by putting the masses on the hook in some way.

3) It was one of the first things Thatcher sold to the lowest bidder.

4) Yes, Neo-Lib governments know the cost of everything but the VALUE of nothing; they value nothing except money so are prepared sell anything to anyone, at any price.

All The Best
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morayloon
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Tytoalba
Aug 23 2015, 05:28 PM
North sea oil revenue is down 75% in the last three months
And yet the Telegraph, absolutely no friend of the SNP, reports on an expected increase in production http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11780648/North-Sea-oil-production-rises-despite-price-slump.html

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That should cheer the Scottish nationalists and the Scottish parliament
Oil prices will rise. The present price will not be sustained http://oilprice.com/Energy/Oil-Prices/Heres-What-Will-Send-Oil-Prices-Back-Up-Again.html
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who depend on the revenue to implement their socialist agenda, and support their call for independence
Socialist agenda? Only a rabid right-winger would come out with that sort of falacious comment.
Oil is the icing on the cake of Scotland's economy. We will survive without oil but it will make life easier to have the revenue from that asset
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Let them call for another referendum now and see what the result will be
A referendum will be called when the Scottish people are ready for one. The result of the In-Out referendum could force the issue back on the agenda - not that it has gone away. https://www.ipsos-mori.com/researchpublications/researcharchive/3622/SNP-increase-lead-in-the-run-up-to-2016-Holyrood-election.aspx
"support for a ‘Yes’ vote has exceeded 50% for the first time since last year’s vote, with 53% saying they would vote ‘Yes’ 44% ‘No’ and 3% undecided"
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When parliament returns they may well be a little less vocal, and a little bit more modest in what they try to blackmail for
Blackmail? WTF are you on about???[/quote]
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