Scottish Referendum / Independence - Vol 6

[Strocky]

McWigglebum4th said:

Nice to see it has sunk in

Quite, funny to see Unionist's rub their hands with glee when chiding YES supporters over the current oil price and not realising the actual implication, bless

[///ajd]

Oh, so now the revenues are down we are better together?

Proof if ever it was needed that the indie nonsense was fundamentally a selfish one.



Do you remember those who said low oil revenues would not affect an iscot economy and at 15% of GDP was 'not a big sector'. I recall it was only a few pages ago, mixed with some ery confused thinking about how a 22% public sector was somehow a 'good thing'.

Oil is only 1.5% of UK of course.

Worth casting your eye at what is happening in Russia - rouble collapsing, and interest rates rocketing to 17%. Are they an oil dependent Nation? The proportion of oil in their GDP is - wait for it - 16%.

I don't see anyone rubbing their hands in glee over the low oil price itself - this we can agree is overall not a good thing for the UK (even though it is actually stimulating our economy as we are a net importer) - but it proves how much crap was in the white paper & how full of it Alex & the Yes muppets were.

Edited by ///ajd on Sunday 21st December 12:12

[Strocky]

Bless

[Rollin]

"The Scotland Office estimated this week that if oil prices remained at $60 a barrel after 2016 – the date an independent Scotland could have been set up, an independent Scottish exchequer would be £15.5bn worse off in its first three years. For every dollar oil prices fall, a Scottish exchequer would be £100m a year poorer.

The key difference for Scotland is that oil income plays a huge role in its tax take and its economy: at UK level, oil revenues are less than 2% of total tax take. And while far lower forecourt prices for fuel stimulates the wider economy, Scotland is home to half the North Sea’s 375,000-strong workforce."

http://www.theguardian.com/uk-news/2014/dec/19/oil...

[HenryJM]

Well on balance lower oil prices is good for the UK as a whole, albeit less so for Scotland. We are net importers of oil, so benefitical from that perspective, some oil tax is fixed and not percentage so in itself is not impacted by pricing. For the non oil sectors having a cut in costs is positive, in all sorts of aspects.

So in a major oil country it's obviously bad news, but for the UK it's pluses and minuses and for most the benefits exceede the deficits, albeit that does depend on where you are in the UK and what you do.

[///ajd]

Strocky said:

Bless

This does illustrate another point.

It is actually no good just pointing out facts to Yesers that prove how flawed the whole idea was - they are just it seems incapable of grappling with reason and taking it on board.

This is what is so dangerous about it. It's like telling Lemmings not to jump off the cliff.

[McWigglebum4th]

Strocky said:

McWigglebum4th said:

Nice to see it has sunk in

Quite, funny to see Unionist's rub their hands with glee when chiding YES supporters over the current oil price and not realising the actual implication, bless

Well

It means i am quite likely to lose my job in the next 12 months meaning this lily livered tory scum bag piece of traitor st won't be paying £15,000 of tax towards the poor

fuel is cheaper making the economy improve in UK

And it proves that oil will never drop below $110 a barrel was completely bks




Oh an one question

If you are so keen to pay extra tax to help the poor


How much extra money did you send to the government?

They will happily accept cheques

[Strocky]

///ajd said:

This does illustrate another point.

It is actually no good just pointing out facts to Yesers that prove how flawed the whole idea was - they are just it seems incapable of grappling with reason and taking it on board.

This is what is so dangerous about it. It's like telling Lemmings not to jump off the cliff.

Oil would be a bonus, not the basis of an iS economy, 1% less than the UK average GDP with not one drop of the brown stuff extracted

You can prove anything with facts, facts, schmacts

[Strocky]

McWigglebum4th said:

Strocky said:

McWigglebum4th said:

Nice to see it has sunk in

Quite, funny to see Unionist's rub their hands with glee when chiding YES supporters over the current oil price and not realising the actual implication, bless

Well

It means i am quite likely to lose my job in the next 12 months meaning this lily livered tory scum bag piece of traitor st won't be paying £15,000 of tax towards the poor

fuel is cheaper making the economy improve in UK

And it proves that oil will never drop below $110 a barrel was completely bks




Oh an one question

If you are so keen to pay extra tax to help the poor


How much extra money did you send to the government?

They will happily accept cheques

Get on yer bike, Norman

[///ajd]

Strocky said:

Oil would be a bonus, not the basis of an iS economy, 1% less than the UK average GDP with not one drop of the brown stuff extracted

You can prove anything with facts, facts, schmacts

Well these are the facts from real data from IFS.



http://en.wikipedia.org/wiki/Countries_of_the_Unit...

England £24,091
Scotland £21,982
(ex Oil)

Looks like around 8-10% lower to me, with oil excluded.

Edited by ///ajd on Sunday 21st December 13:34

[Welshbeef]

Strocky said:

Oil would be a bonus, not the basis of an iS economy, 1% less than the UK average GDP with not one drop of the brown stuff extracted

You can prove anything with facts, facts, schmacts

That's a sound economic/tax view.
Could you clarify how long it would iScotland to get to this position? From memory Oil tax revenue is directly responsible for 15% of the Scottish tax budget. So that's some hefty tax rises elsewhere or spending cuts (over and above the deficit)

Really interested to hear the answer to this as its an enlightening view that they want to work with Oil tax purely as a bonus not a key part of the budget.

[McWigglebum4th]

Strocky said:

Get on yer bike, Norman

I will

And so will lots of other clever people

http://en.wikipedia.org/wiki/Human_capital_flight

You may think thank fk you are rid of another english person (that was born in scotland but why let facts invade your thoughts)


But you look at the greatest supporters of independence online and lets just say they ain't going to be bothering about the higher rates of income tax as they will never be paying them

[Strocky]

Welshbeef said:

That's a sound economic/tax view.
Could you clarify how long it would iScotland to get to this position? From memory Oil tax revenue is directly responsible for 15% of the Scottish tax budget. So that's some hefty tax rises elsewhere or spending cuts (over and above the deficit)

Really interested to hear the answer to this as its an enlightening view that they want to work with Oil tax purely as a bonus not a key part of the budget.

You do realise that there is actually oil in the ground (at least 30 years worth), the Saudi's are trying to scupper America's fracking industry / Iran's oil industry by market manipulation and the price of a dwindling finite resource will only go up in the long term?

Or are you playing fantasy politics?

[McWigglebum4th]

Strocky said:

You do realise that there is actually oil in the ground (at least 30 years worth), the Saudi's are trying to scupper America's fracking industry / Iran's oil industry by market manipulation and the price of a dwindling finite resource will only go up in the long term?

Or are you playing fantasy politics?

Once you make scotland into a high tax unfriendly place to do business


That 30 years worth will be there for a fking long time

[barryrs]

Strocky said:

You do realise that there is actually oil in the ground (at least 30 years worth), the Saudi's are trying to scupper America's fracking industry / Iran's oil industry by market manipulation and the price of a dwindling finite resource will only go up in the long term?

Or are you playing fantasy politics?

Personally I can't see a country that produces around 10% of output wielding that much power.

[Strocky]

barryrs said:

Strocky said:

You do realise that there is actually oil in the ground (at least 30 years worth), the Saudi's are trying to scupper America's fracking industry / Iran's oil industry by market manipulation and the price of a dwindling finite resource will only go up in the long term?

Or are you playing fantasy politics?

Personally I can't see a country that produces around 10% of output wielding that much power.

Apologies I should have said OPEC, not Saudi, my bad

[Welshbeef]

Strocky said:

You do realise that there is actually oil in the ground (at least 30 years worth), the Saudi's are trying to scupper America's fracking industry / Iran's oil industry by market manipulation and the price of a dwindling finite resource will only go up in the long term?

Or are you playing fantasy politics?

So as has been highlighted they expect there to be a £15 BILLION gap tax receipts to tax spending out of a budget if £47billion.
There is so much oil everywhere all over the world the issue is the cost of extraction in some places is too high ++++ with the advent of Tesla i3 i8 and what will be the norm internal combustion transportation will drastically be reduced Id expect easily within 10 years (maybe 5/6 years) so 30 years worth of oil in the ground which will have diminishing demand plus vastly increased supply due to Russia Iraq USA fracking.


Did you used to have to wear that cone hat and sit in the corner facing the wall at school - the one with a capital D on it?

[Strocky]

Welshbeef said:

Strocky said:

You do realise that there is actually oil in the ground (at least 30 years worth), the Saudi's are trying to scupper America's fracking industry / Iran's oil industry by market manipulation and the price of a dwindling finite resource will only go up in the long term?

Or are you playing fantasy politics?

So as has been highlighted they expect there to be a £15 BILLION gap tax receipts to tax spending out of a budget if £47billion.
There is so much oil everywhere all over the world the issue is the cost of extraction in some places is too high ++++ with the advent of Tesla i3 i8 and what will be the norm internal combustion transportation will drastically be reduced Id expect easily within 10 years (maybe 5/6 years) so 30 years worth of oil in the ground which will have diminishing demand plus vastly increased supply due to Russia Iraq USA fracking.


Did you used to have to wear that cone hat and sit in the corner facing the wall at school - the one with a capital D on it?

You're wasted on this forum, I hope you've written to all the major oil companies with your insight so that they'll stop investing billions of pounds for little return, I bet you believe your horoscope as well, bless

http://www.ft.com/cms/s/0/be4f240a-a2bf-11e2-bd45-...

[///ajd]

Strocky said:

Welshbeef said:

Strocky said:

You do realise that there is actually oil in the ground (at least 30 years worth), the Saudi's are trying to scupper America's fracking industry / Iran's oil industry by market manipulation and the price of a dwindling finite resource will only go up in the long term?

Or are you playing fantasy politics?

So as has been highlighted they expect there to be a £15 BILLION gap tax receipts to tax spending out of a budget if £47billion.
There is so much oil everywhere all over the world the issue is the cost of extraction in some places is too high ++++ with the advent of Tesla i3 i8 and what will be the norm internal combustion transportation will drastically be reduced Id expect easily within 10 years (maybe 5/6 years) so 30 years worth of oil in the ground which will have diminishing demand plus vastly increased supply due to Russia Iraq USA fracking.


Did you used to have to wear that cone hat and sit in the corner facing the wall at school - the one with a capital D on it?

You're wasted on this forum, I hope you've written to all the major oil companies with your insight so that they'll stop investing billions of pounds for little return, I bet you believe your horoscope as well, bless

http://www.ft.com/cms/s/0/be4f240a-a2bf-11e2-bd45-...

Strocky, your link is from April 2013 and therefore totally irrelevant to the current outlook.

[McWigglebum4th]

///ajd said:

Strocky, your link is from April 2013 and therefore totally irrelevant to the current outlook.

Dates are a tool of oppression

so stop oppressing him