Scottish Referendum / Independence - Vol 8

[amusingduck]

gofasterrosssco said:

barryrs said:

Independence paid for

http://www.bbc.co.uk/news/uk-scotland-north-east-o...

Yep, can imagine the social media comments and Nat maths at work:

"So 1 billion barrels x $55 = $55 Billion. Imagine what we can do with £40 Billion - that'll be the deficit gone then, and cash to spare..!"

Those pills barrels must be worth $55 billion easy, yeh?

[Dicky Knee]

gofasterrosssco said:

barryrs said:

Independence paid for

http://www.bbc.co.uk/news/uk-scotland-north-east-o...

Yep, can imagine the social media comments and Nat maths at work:

"So 1 billion barrels x $55 = $55 Billion. Imagine what we can do with £40 Billion - that'll be the deficit gone then, and cash to spare..!"

It's a shame an English company found it and not the SNP....

[Borghetto]

Dicky Knee said:

It's a shame an English company found it and not the SNP....

Have you never heard of indigenisation.

[Murph7355]

amusingduck said:

Those pills barrels must be worth $55 billion easy, yeh?

Enjoyable film

[techguyone]

ellroy said:

Such a shame that because it was found now its a known asset and not one to be used solely for gold plating everything in wee Jimmie's house when she's declared illustrious leader for life.

It'll certainly blow a hole in the economic argument. They'll either have to not resource it or face the fact that prices will plummet if that comes on stream, either way it won't be worth half as much as they think it will.

Petrol prices are still dropping nicely I see, down to 113 in some parts near me.

[Greedydog]

amusingduck said:

gofasterrosssco said:

barryrs said:

Independence paid for

http://www.bbc.co.uk/news/uk-scotland-north-east-o...

Yep, can imagine the social media comments and Nat maths at work:

"So 1 billion barrels x $55 = $55 Billion. Imagine what we can do with £40 Billion - that'll be the deficit gone then, and cash to spare..!"

Those pills barrels must be worth $55 billion easy, yeh?

Looking at the WSJ Cost of a barrel of oil break down it would appear North Sea oil is the most expensive in the world to produce at about $44 per barrel. That leaves $11bn of 'profit' at current prices. I'm assuming the total tax take per annum will be $11bn x whatever is the current tax rate for oil companies pumping oil from the North Sea then divide that over how long... 10, 20, 30 years?

[ben5575]

I lost a £10m+ property/investment deal in a Scottish city today, with uncertainty over the referendum cited as the reason.

I suppose it's not the biggest amount of money in the world but it was coming from the States, with all of the associated taxes and employment of the 150 or so lads doing the building work.

Her little vanity trip is going to cost the Scottish economy considerably more in the coming couple of years. Again.

Still, she gets paid tomorrow regardless.... fking skadgy public sector wkers.

[anonymous-user]

ben5575 said:

I lost a £10m+ property/investment deal in a Scottish city today, with uncertainty over the referendum cited as the reason.

I suppose it's not the biggest amount of money in the world but it was coming from the States, with all of the associated taxes and employment of the 150 or so lads doing the building work.

Her little vanity trip is going to cost the Scottish economy considerably more in the coming couple of years. Again.

Still, she gets paid tomorrow regardless.... fking skadgy public sector wkers.

This is the unquantifiable damage that they are doing, and the bad news is that the SNP really don't care. The SNP really do only care about independence, and the damage to public services and jobs for ordinary Scots is a price worth paying, particularly when they will blame Westminster anyway.

[Rollin]

Inkyfingers said:

ben5575 said:

I lost a £10m+ property/investment deal in a Scottish city today, with uncertainty over the referendum cited as the reason.

I suppose it's not the biggest amount of money in the world but it was coming from the States, with all of the associated taxes and employment of the 150 or so lads doing the building work.

Her little vanity trip is going to cost the Scottish economy considerably more in the coming couple of years. Again.

Still, she gets paid tomorrow regardless.... fking skadgy public sector wkers.

This is the unquantifiable damage that they are doing, and the bad news is that the SNP really don't care. The SNP really do only care about independence, and the damage to public services and jobs for ordinary Scots is a price worth paying, particularly when they will blame Westminster anyway.

Yeah but some people in Scotland 'feel' more European than British and want a different flag printed on their passports. That's far more important than jobs, economy, health, education etc.

[anonymous-user]

I don't think many Scots are that bothered about the EU, it's just a convenient ruse for the SNP to get another referendum.

[dromong]

Sturgeon... Master of Muppets... The thing that should not be.. Nothing else Matters (but Independence).. She can Destroy... Motorbreath.. Enter Salmondman...aka King Nothing... Am I Evil (Yes) .

Cant imagine the Krankie banging her head to any of those, but I know a few folk that would love to bang it for her.

[pingu393]

dro said:

Cant imagine the Krankie banging her head to any of those, but I know a few folk that would love to bang it for her.

Sorry

[Ridgemont]

It appears talks did not go well today ....
http://www.telegraph.co.uk/news/2017/03/26/theresa...

Personally I'm quite enjoying May's stance. Sturgeon will get her referendum eventually but I suspect she may have to go to the Supreme Court to challenge the reserved right. Sturgeon has obviously factored in being able to get a poll bump cos of thatcher and the tories etc. But I'm guessing that May is of the view that while 35% have a raging hard on for independence, the additional 10% they picked up from 2014 is soft but even if it isn't it appears that the 45% is pretty much a ceiling. May's job therefore is to focus on Brexit and a deal that can shoot the Nat fox, while Sturgeon inevitably gets bogged down in a legal challenge and carries on ranting painting herself into the corner of being an obsessional secessionist. May I guess quite fancies her chances...

[AstonZagato]

Inkyfingers said:

I don't think many Scots are that bothered about the EU, it's just a convenient ruse for the SNP to get another referendum.

The people who wanted independence were asking their electorate to vote to leave the EU in the Scottish referendum and are now claiming that leaving is a reason to call a second referendum. Very odd that anyone thinks it is anything other than a transparent ruse.

[NRS]

HD Adam said:

FN2TypeR said:

loafer123 said:

Isn't it a bit bizarre that the licences granted aren't generally where the map shows deposits? Am I missing something?!

Yellow are known deposits. Grey areas are licenses for exploration I'd wager.

The first map is shale that holds oil.

The shale that holds gas is somewhat different.

Both maps are quite rough as a guide. In the first map what they call black shale is organic rich shale that might have oil in it (or gas, if it has been heated to higher temperatures). The stuff in the south is also organic rich shale (the rock a lot of North Sea oil comes from is named after Kimmeridge Bay, where you have it on land). They also produce oil down there, and have for many years. That is why there are many licenses in the south of England as they are old ones. There's lots of it around the UK, it's just what is economic to produce. Scotland presumably would have some gas potential from methane from fractured coal as an example too.

Greedydog said:

amusingduck said:

gofasterrosssco said:

barryrs said:

Independence paid for

http://www.bbc.co.uk/news/uk-scotland-north-east-o...

Yep, can imagine the social media comments and Nat maths at work:

"So 1 billion barrels x $55 = $55 Billion. Imagine what we can do with £40 Billion - that'll be the deficit gone then, and cash to spare..!"

Those pills barrels must be worth $55 billion easy, yeh?

Looking at the WSJ Cost of a barrel of oil break down it would appear North Sea oil is the most expensive in the world to produce at about $44 per barrel. That leaves $11bn of 'profit' at current prices. I'm assuming the total tax take per annum will be $11bn x whatever is the current tax rate for oil companies pumping oil from the North Sea then divide that over how long... 10, 20, 30 years?

Difficult to say any cost for this without knowing more detail. In a traditional reservoir this would be very valuable and lower than $44 most likely. However without knowing other details apart from those in the article it raises a few likely issues. It is a large area, and the hydrocarbon column thickness is huge at 1000m+! That suggests it is poor quality rock, and so likely more expensive to produce (needs lots of extra wells etc). Which makes sense if they are focusing on fractured basement - it means there is not a lot of space in the rock to hold oil, so to have such large volumes you need a large area of rock. This is also expensive stuff to drill as it is very hard, so takes more time, and rigs are expensive.

Also all of this assumes it is real. There are often small dodgy companies which try and raise their share price massively with good news, and then the owners dump their massively increased in value shares and it comes out it was all a bunch of rubbish.

[r11co]

Well, it is now just over a year since the Scottish Parliament passed any new legislation. A damning and embarrassing statistic for any legislature.

Holyrood passes no legislation for a year, whilst the SNP obsess on independence.

[technodup]

I'm not sure that's such a bad thing tbh, given some of the crap they've brought forward before. I'm a big fan of government doing less.

Although it does somewhat raise the question what is Holyrood actually for?

[r11co]

technodup said:

I'm a big fan of government doing less.

Me too, but not while they are still on the payroll.

[technodup]

r11co said:

technodup said:

I'm a big fan of government doing less.

Me too, but not while they are still on the payroll.

My preference is for no Holyrood payroll at all, but in the meantime I'm not sure paying them to do nothing is the worst outcome.

Think of the problems they cause when they think they're doing something.

[A.J.M]

https://www.youtube.com/watch?v=e-0jKWis9PM



10/10 Ruth.