Scottish Referendum / Independence - Vol 6

[Welshbeef]

Strocky said:

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-...

Lol you do know that breakeven point for most N sea wells is North of $70/barrel and yet to start projects are much more.

The price today is less so currently lots of those companies are not making any money on fact some will be losing money jn those oil fields. If they make no money they pay no tax in that year and can carry forward that loss to future years reducing tax bills accordingly.

Bless as in religious? If so not relevant to me thanks

[Strocky]

///ajd said:

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.

Define current, if the price is the same this time next year, then it's a problem for the UK, until then......

But to hypothesis that oil will be finished in less than a decade is a tad silly

[Welshbeef]

Strocky said:

Define current, if the price is the same this time next year, then it's a problem for the UK, until then......

But to hypothesis that oil will be finished in less than a decade is a tad silly

Are you simply trying to get people to respond to inept comments or just plain retarded?

Oil one way or another will stop being used long before it runs out - why? Electric cars electric buses and electric HGV and taxis. Maybe only sports cars remaining as ICE.

If that is the case which is very likely to be the scenario then its not good for high cost of production countries N Sea and the UK are not best places for this situation likewise that biggest ever find in the World just off Shetland (days before the vote where certain oil employees we're swept away to avoid news stories seems like utter bill st shame)

[Strocky]

You seem angry mate, take a chill pill, maybe your horoscope will predict more success for you on the Internet tomorrow, here's hoping

Worrying to know that the Clare field find is the biggest hoax since the moon landings

[simoid]

Strocky said:

Worrying to know that the Clare field find is the biggest hoax since the moon landings

How's that then?

[McWigglebum4th]

Strocky said:

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-...

So you trust the financial times as it is the teller of the truth against these unionist scum

and this morning



Still trust the FT?

[Welshbeef]

McWigglebum4th said:

Strocky said:

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-...

So you trust the financial times as it is the teller of the truth against these unionist scum

and this morning



Still trust the FT?

Ah wigglebum you are forgetting that unless it tells the story he wants to see then its lies ...




Also in the news today Sky News is an interview with the head of OPEC well worth a read its not pay firewall - anyway he confirms in it that the Cartel now is dead it has no power, also he stated so many forgot about Cycles though prices could only go up - well the were depressed for 15 years from the early 1980's and he is if the view we could be looking at a 10-20 year period at these price levels


If that is the case NSea will have to shut down simple as that as its loss making. Leave the "black gold" in the ground and wait for however long it takes for prices to increase to a level where it is profitable.

[andymadmak]

Strocky said:

You seem angry mate, take a chill pill, maybe your horoscope will predict more success for you on the Internet tomorrow, here's hoping

Worrying to know that the Clare field find is the biggest hoax since the moon landings

You have to be trolling with comments like that. Either that or it reveals that you really do not understand basic economics. If the price of oil stays substantially below 80 dollars per barrel then, given the costs involved per barrel in operating in the North Sea, the oil companies are going to start closing out North Sea rigs, and its unthinkable that they would commission new production in fields such as Clare. Why would the oil companies want to lose money in cold blood???
You can have as much oil as you like, but if its too expensive to get to then it stays in the ground.

As for the "hoax " comment, you will be aware that NATS were claiming that the existence of the Clare field had been hushed up during the referendum debate. All the lovely oil, the future of Scotland was secured. ( so long as oil was 110 dollars per barrel, which it would be and could never be lower now, according to the SNP) but the nasty Tories were hushing it all up. ...... The claims were quite hysterical, with even Nat posters on here claiming dark deeds and "inside knowledge" etc etc etc.
You Nats live in a fantasy land. The trouble is that your "dreams" are turning into a nightmare as far as the long term economic future of Scotland is concerned. Who in their right mind would make a substantial investment in Scotland with the " neverendum" rumbling along? Its not a bloody game you know. You are damaging Scotland!

[McWigglebum4th]

Strocky said:

Worrying to know that the Clare field find is the biggest hoax since the moon landings

you would of thought someone as switched on as you would know

1 How to spell clair
2 It has existed since 1977

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

And as to a hoax then it was quite firmly a hoax from the YES side after the worlds largest oil field was discovered in the clyde then in the western isles and then finally west of shetland

Edited by McWigglebum4th on Monday 22 December 08:00

[///ajd]

McWigglebum4th said:

Strocky said:

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-...

So you trust the financial times as it is the teller of the truth against these unionist scum

and this morning



Still trust the FT?

a yes vote would have really brought things to a head. we would have seen olympic standard back pedalling, once they actually tried to negotiate a split. no doubt they would try and turn it in devo max to retain the all important union crutch to deal with such volatility and the insanity of the plan.

given the constant bleating now i think this was the plan all along. scrape 51% then use it as a mandate for devo max on 'their' terms.

Edited by ///ajd on Monday 22 December 08:49

[simoid]

Pretty sure the Clair field has existed for a few millennia before 1977 too

[Strocky]

McWigglebum4th said:

So you trust the financial times as it is the teller of the truth against these unionist scum

and this morning



Still trust the FT?

What is the price of a barrel of oil in 2016, brains trust?

[McWigglebum4th]

Strocky said:

McWigglebum4th said:

So you trust the financial times as it is the teller of the truth against these unionist scum

and this morning



Still trust the FT?

What is the price of a barrel of oil in 2016, brains trust?

Have you ever answered a question?

As to the price of oil


Haven't a fking clue but seeing how quickly projects are being shut down in the north sea the industry belives not very high is the answer

[simoid]

Strocky said:

What is the price of a barrel of oil in 2016, brains trust?

How much would an independent Scotland tax and spend in 2016?

"Not a clue."

Exactly. That's why Scotland's voted no.

[ellroy]

Oil futures currently pricing $72.08 for 2016, happy to help with a fact, but probably not true or to be ignored or just plain oppression.

[simoid]

ellroy said:

Oil futures currently pricing $72.08 for 2016, happy to help with a fact, but probably not true or to be ignored or just plain oppression.

Makes you wonder what Salmond meant by "conservative" estimate. Is it now a nationalist synonym for "ste"?

[Troubleatmill]

Of course.... if it was a YES vote.

Can you imagine the flak Salmond, Swinney etc would be getting right now?

[simoid]

Troubleatmill said:

Of course.... if it was a YES vote.

Can you imagine the flak Salmond, Swinney etc would be getting right now?

I'm sure the Teflon trio would be fine. They'd have the support of c.50% of the population which is more than enough for an effective dictatorship.

[andymadmak]

simoid said:

ellroy said:

Oil futures currently pricing $72.08 for 2016, happy to help with a fact, but probably not true or to be ignored or just plain oppression.

Makes you wonder what Salmond meant by "conservative" estimate. Is it now a nationalist synonym for "ste"?

But, but, but, I thought that Mr Salmond had been an oil industry analyst in a previous life.. Surely this makes him supremely qualified to determine the future price of oil?
This simply HAS to be a plot by David Cameron to punish Scotland for voting Yes! .... oh, hang on.........

[Edinburger]

McWigglebum4th said:

you would of thought someone as switched on as you would know

[b]1 How to spell clair[\b]
2 It has existed since 1977

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

And as to a hoax then it was quite firmly a hoax from the YES side after the worlds largest oil field was discovered in the clyde then in the western isles and then finally west of shetland

Edited by McWigglebum4th on Monday 22 December 08:00

Post of the entire thread: Wiggley picking other people up on their spelling!