Scottish Referendum / Independence - Vol 6
Discussion
xjsdriver said:
There, fixed it for you 'Burger... ;-)
Oh face painted oneI am told that everything said by the NO side was total lies
I am told everything said by the SNP was the truth
So i must ask
When you go into a petrol station to buy petrol for your car (not that you should own a car fairness and all that s
t) do you scream abuse at the poor person behind the counter calling them NO voting traitors scumbags when they charge you £1.13 a litre as we know this is tory lies that the oil price has dropped. Do you scream and wave your flags until they accept the truth and let you pay £1.50 a litre NicD said:
'To quote Mr Salmond: “Even with a cautious estimate of oil prices remaining at $113 a barrel, it’s clear that Scottish oil and gas could generate three times more than official estimates.”
He should not be allowed out of restraints.
Personally, I was hoping for a YES vote, so England could be concerned with its own future.
but I feel most for the professor quoted, with a most unfortunate name.
If $113 generates 3x more than official estimates what does $50/60?He should not be allowed out of restraints.
Personally, I was hoping for a YES vote, so England could be concerned with its own future.
but I feel most for the professor quoted, with a most unfortunate name.
Also its a highly simplistic view totally ignoring the tax breaks given to enhance investment which for some years mean no oil tax rev at all.
I'd say now the bigger issue is what about the c35,000 jobs at risk over the next 6 months due to the lower prices making North Sea oil simply unprofitable. Will they move to where the jobs are? If so that's a huge hit to the local economy shops places to eat entertainment all hit and council taxes lost, if they stay then its higher benefits for those out of work.
Not good at all - instead of focusing on the resolution of this Sturgeon is wasting all her time for saving £2m on the Scottish proportion of the Royal Family hmm priorities really being focused upon.
Well it's (one of) the lunacies. Oil would always decline, it's just a question of when and current circumstances are that it is now.
Due to the SNP, oil was going to all be saved and all be spent, a combination that was never possible, no doubt to them they think they can also do both even when it doesn't generate much income in the first place.
Due to the SNP, oil was going to all be saved and all be spent, a combination that was never possible, no doubt to them they think they can also do both even when it doesn't generate much income in the first place.
HenryJM said:
Well it's (one of) the lunacies. Oil would always decline, it's just a question of when and current circumstances are that it is now.
Due to the SNP, oil was going to all be saved and all be spent, a combination that was never possible, no doubt to them they think they can also do both even when it doesn't generate much income in the first place.
Were they also not going to create an oil wealth fund from day 1? Clearly increasing borrowing instantly seems oddDue to the SNP, oil was going to all be saved and all be spent, a combination that was never possible, no doubt to them they think they can also do both even when it doesn't generate much income in the first place.
Welshbeef said:
If $113 generates 3x more than official estimates what does $50/60?
Also its a highly simplistic view totally ignoring the tax breaks given to enhance investment which for some years mean no oil tax rev at all.
I'd say now the bigger issue is what about the c35,000 jobs at risk over the next 6 months due to the lower prices making North Sea oil simply unprofitable. Will they move to where the jobs are? If so that's a huge hit to the local economy shops places to eat entertainment all hit and council taxes lost, if they stay then its higher benefits for those out of work.
Not good at all - instead of focusing on the resolution of this Sturgeon is wasting all her time for saving £2m on the Scottish proportion of the Royal Family hmm priorities really being focused upon.
If it brings house prices down here in Aberdeen, from their current ludicrous level, maybe a few more young couple will be able to get on the property ladder in something other than a shoebox or appauling new build. Also its a highly simplistic view totally ignoring the tax breaks given to enhance investment which for some years mean no oil tax rev at all.
I'd say now the bigger issue is what about the c35,000 jobs at risk over the next 6 months due to the lower prices making North Sea oil simply unprofitable. Will they move to where the jobs are? If so that's a huge hit to the local economy shops places to eat entertainment all hit and council taxes lost, if they stay then its higher benefits for those out of work.
Not good at all - instead of focusing on the resolution of this Sturgeon is wasting all her time for saving £2m on the Scottish proportion of the Royal Family hmm priorities really being focused upon.
McWigglebum4th said:
xjsdriver said:
There, fixed it for you 'Burger... ;-)
Oh face painted oneI am told that everything said by the NO side was total lies
I am told everything said by the SNP was the truth
So i must ask
When you go into a petrol station to buy petrol for your car (not that you should own a car fairness and all that s
t) do you scream abuse at the poor person behind the counter calling them NO voting traitors scumbags when they charge you £1.13 a litre as we know this is tory lies that the oil price has dropped. Do you scream and wave your flags until they accept the truth and let you pay £1.50 a litre Axionknight said:
If it brings house prices down here in Aberdeen, from their current ludicrous level, maybe a few more young couple will be able to get on the property ladder in something other than a shoebox or appauling new build.
That's a stunningly short sighted view. A low oil price is very, very bad for the Scottish economy.
A substantial fall in other asset prices would damage finance - Scotland's other major economic sector. Banks with substantial Scottish exposure would need propping up.
Put the two together and calamity beckons.
toppstuff said:
That's a stunningly short sighted view.
A low oil price is very, very bad for the Scottish economy.
A substantial fall in other asset prices would damage finance - Scotland's other major economic sector. Banks with substantial Scottish exposure would need propping up.
Put the two together and calamity beckons.
Agreed. This also isn't good: http://www.bbc.co.uk/news/uk-scotland-30526396A low oil price is very, very bad for the Scottish economy.
A substantial fall in other asset prices would damage finance - Scotland's other major economic sector. Banks with substantial Scottish exposure would need propping up.
Put the two together and calamity beckons.
toppstuff said:
That's a stunningly short sighted view.
A low oil price is very, very bad for the Scottish economy.
A substantial fall in other asset prices would damage finance - Scotland's other major economic sector. Banks with substantial Scottish exposure would need propping up.
Put the two together and calamity beckons.
But it is excellent news from the view of the YES wA low oil price is very, very bad for the Scottish economy.
A substantial fall in other asset prices would damage finance - Scotland's other major economic sector. Banks with substantial Scottish exposure would need propping up.
Put the two together and calamity beckons.
kersAs this proves to them we are being oppressed
If we were independent the oil price would not of crashed as the oil crash is being driven by the evil tory government
Do remeber
the Yes w
kers are quite quite madAxionknight said:
If it brings house prices down here in Aberdeen, from their current ludicrous level, maybe a few more young couple will be able to get on the property ladder in something other than a shoebox or appauling new build.
If the slump is significant enough to have an impact on Aberdeen house prices, noone will want to be on the property ladder here - Abderdeen is what it is because of oil and gas, if the jobs weren't here, the place would die slowly. The work is very mobile and people will always follow the jobs - me and the OH both have jobs in the sector and as much as we would rather live somewhere else in Scotland, we live in Aberdeen because at the moment this is where the work is for us. As it stands, I haven't worked in the north sea for nearly 3 years (and that was all Norway) - the drop in the oil price and the north sea shutting down is a much more complex problem than just a drop in the oil revenue directly into the government's back pocket - how many jobs (and of those, how high a percentage are paying big tax?) are based around it?
Parsnip (half of a young couple) - not living in a shoebox or appalling new build, and friends with plenty of other young couples doing the same.
Slartifartfast said:
simoid said:
Slartifartfast said:
In the Health Service we have data bases that are interrogateable by postcode, and can show that more people in postcode aa1 get disease B than postcode aa2. Are HMRC and other databases not similarly useful?
I think this would be akin to storing data on everywhere the person has been, as well as where they live.
I've been out of circulation for a bit, so could someone please tell me whatever happened to the world's biggest oil find off Shetland. Did the BP rig workers who were sent home on full pay ever get recalled. I seem to recall some of our posters were friends of these "sworn to silence" employees.
Borghetto said:
I've been out of circulation for a bit, so could someone please tell me whatever happened to the world's biggest oil find off Shetland. Did the BP rig workers who were sent home on full pay ever get recalled. I seem to recall some of our posters were friends of these "sworn to silence" employees.
I believe they were flown out of the UK under extraordinary rendition conditions to prevent the cover-up from leaking out hence the alleged air traffic control failure - http://www.itv.com/news/london/update/2014-12-12/a...I feel sorry for the familys
sherbertdip said:
Slartifartfast said:
simoid said:
Slartifartfast said:
In the Health Service we have data bases that are interrogateable by postcode, and can show that more people in postcode aa1 get disease B than postcode aa2. Are HMRC and other databases not similarly useful?
I think this would be akin to storing data on everywhere the person has been, as well as where they live.toppstuff said:
That's a stunningly short sighted view.
A low oil price is very, very bad for the Scottish economy.
A substantial fall in other asset prices would damage finance - Scotland's other major economic sector. Banks with substantial Scottish exposure would need propping up.
Put the two together and calamity beckons.
Oh lawd, it's a good job that an iScotland wasn't exposed to such risks then, wasn't it? As it would never have been as adapt as the UK as a whole with weathering such issues.A low oil price is very, very bad for the Scottish economy.
A substantial fall in other asset prices would damage finance - Scotland's other major economic sector. Banks with substantial Scottish exposure would need propping up.
Put the two together and calamity beckons.
If wages stagnate, prices likely won't climb any further - skilled/experienced people can always move around to follow the work if needs be, but that doesn't suit everybody no matter what their profession, and if it they do come down then who will suffer, those who have been sensible with their expectations of ownership and borrowing, or those debted to the hilt?
You can call it short sighted all you like, but the property prices can't outstrip wage growth forever - especially when the rates start going back up and if that is what the local and wider economy are based on then things could get interesting indeed.
Of course if we'd have voted Yes the Salmond fairies would have made everything sweetness and light.
I think most people are getting a bit excitable about the recent oil price drop, and the supposed decimation this will have on the NS industry and Scotland. Assisted by inevitable "collapse" headlines from various media outlets..
This is most likely the same cyclic pattern that the industry has seen over all the years the NS has been active. Its constantly either booming or going bust.. Same thing happened in 2009 when the oil price was nearer $40. It quickly recovered to double this in a matter of months as global demand perked up a bit.
So there's no reason to say the same may not happen again. To an extent, some form of cost control is a good thing, as the industry was quickly pricing itself out of competitiveness anyway, given cost of extraction and maintenance..
The more serious issue may be if demand, and therefore price doesn't pick up in the next couple of years, as its over this timescale that we would see real issue in the feasiblity of large parts of the NS..
No doubt the Nats will perk back up again once the sector is on the up again..
Well the difference with oil is new differences in how it can be sourced, particularly in the US. Arguably those new means are boosting supply making it much cheaper to produce so arguably a real and long term item as opposed to what has happened previously.
So it doesn't look like the temporary price drop it was previously, but time will tell.
So it doesn't look like the temporary price drop it was previously, but time will tell.
HenryJM said:
Well the difference with oil is new differences in how it can be sourced, particularly in the US. Arguably those new means are boosting supply making it much cheaper to produce so arguably a real and long term item as opposed to what has happened previously.
So it doesn't look like the temporary price drop it was previously, but time will tell.
Many seem to think oil prices will stay low for at least the next 12 months. Maybe more.So it doesn't look like the temporary price drop it was previously, but time will tell.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff