Mee Posted August 23, 2015 Share Posted August 23, 2015 http://www.bbc.co.uk/news/uk-scotland-scotland-business-34029862 That's going to hammer Aberdeen Quote Link to comment Share on other sites More sharing options...
Bzzzz Posted August 23, 2015 Share Posted August 23, 2015 Fkin unionists with the same ignorant pish. The sooner we rid the running of our country from them and their attitudes the better. The way they talk about Scotland sickens me. Self serving shitebags like that the union can keep. Quote Link to comment Share on other sites More sharing options...
paulthepict Posted August 23, 2015 Share Posted August 23, 2015 And if we had voted yes when would we be actually operating as an independent country? Quote Link to comment Share on other sites More sharing options...
iainmac1 Posted August 23, 2015 Share Posted August 23, 2015 And if we had voted yes when would we be actually operating as an independent country? Next March Quote Link to comment Share on other sites More sharing options...
hunchy Posted August 23, 2015 Share Posted August 23, 2015 Was revenue not going to be down just now anyway with rigs being moved to new wellheads Quote Link to comment Share on other sites More sharing options...
Haggis_trap Posted August 24, 2015 Share Posted August 24, 2015 Remember that revenues are difference from reserves. There is still a lot of oil in the north sea, plus West of Shetland contains some huge recent discoveries. The problem at the moment is the price of oil - and it is not just UK that is suffering. Most oil nations on earth outside of the gulf are producing at a loss just now. Venezuela / Russia <etc> in big trouble. The general acceptance seems to be that low price of oil is mainly due to Saudi Arabia over producing oil to win back market share from American frackers. When the ramp back production (in the autumn?) then price of oil will rise. Scotland has seen massive slumps in the oil industry before (1986....)What we need is an oil find to smooth out the inevitable booms and busts. Quote Link to comment Share on other sites More sharing options...
Guest flumax Posted August 24, 2015 Share Posted August 24, 2015 Of the eu member states :Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK. Only these produce oil. UK 800k b/d, Denmark 175, Italy 106, Romania 85,Germany 52, Netherlands 28 Poland 19, Austria17 France 15, Croatia 10, Spain 6, Czech Republic 3, Lithuania 2, Bulgaria 1, Greece 1. Guessing the others should seek mergers with an oil producing neighbour. Didn't realise UK (majority north Britain) production was do high compared to other eu nations. How do the likes of Ireland, Andorra, Malta, Sweden, Portugal, Slovenia, Luxembourg, Belgium, Estonia, Finland, Hungary, Latvia, Slovakia have the audacity and ability to be independent nations. Quote Link to comment Share on other sites More sharing options...
Guest flumax Posted August 24, 2015 Share Posted August 24, 2015 Hayzeus. Contributed £35 bn to hmrc, block grant £28bn. So halving the revenue would still be substantial chunk of what is needed to "run" Scotland. Nevermind other tax revenue sources. People seeing oil as a negative need a word with themselves Quote Link to comment Share on other sites More sharing options...
Orraloon Posted August 24, 2015 Share Posted August 24, 2015 Our media constantly reports "lower" oil prices as a bad thing. They also do the same with house prices. They constantly report rising house prices as a good thing and if price rises slow down it's a "slump" and a bad, bad thing. For the majority of people lower oil and house prices are GOOD things. It's a massive con trick, don't fall for it. I do have sympathy for workers in the oil industry who are losing their jobs, but they have plenty transferrable skills and I am sure they will find something else. Quote Link to comment Share on other sites More sharing options...
thewelk Posted August 24, 2015 Share Posted August 24, 2015 I've got no sympathy for oil workers. They go into that sector knowing it's unstable but they don't mind because they get their 5 times the norm salaries. That's their oil fund. The uk media is controlled by the privileged ruling classes. For those guys with their real estate portfolios a non rising house price is a very bad thing so thats how it is reported. Similar for oil I suppose. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted August 24, 2015 Share Posted August 24, 2015 Remember that revenues are difference from reserves. There is still a lot of oil in the north sea, plus West of Shetland contains some huge recent discoveries. The problem at the moment is the price of oil - and it is not just UK that is suffering. Most oil nations on earth outside of the gulf are producing at a loss just now. Venezuela / Russia <etc> in big trouble. The general acceptance seems to be that low price of oil is mainly due to Saudi Arabia over producing oil to win back market share from American frackers. When the ramp back production (in the autumn?) then price of oil will rise. Scotland has seen massive slumps in the oil industry before (1986....) What we need is an oil find to smooth out the inevitable booms and busts. The price of "fracked" is around $60 a barrel and given it's relatively easy to turn a fracked supply on and off if the price goes above $60 then the fracked supply will turn back on, which will keep the price below the cost of production in the North Sea. Quote Link to comment Share on other sites More sharing options...
deecie Posted August 24, 2015 Share Posted August 24, 2015 Buy Brent crude. Quote Link to comment Share on other sites More sharing options...
Bzzzz Posted August 25, 2015 Share Posted August 25, 2015 The low oil price has been excellent for the economy. There's more than one side to every coin... unless you are a lying shitebag unionist that is... Quote Link to comment Share on other sites More sharing options...
euan2020 Posted August 25, 2015 Share Posted August 25, 2015 I've got no sympathy for oil workers. They go into that sector knowing it's unstable but they don't mind because they get their 5 times the norm salaries. That's their oil fund. The uk media is controlled by the privileged ruling classes. For those guys with their real estate portfolios a non rising house price is a very bad thing so thats how it is reported. Similar for oil I suppose. what comic book did you get that figure from ? I know University qualified guys (geology ) that were spending 6 months of year in Equatorial Guinea and wage was piss poor Quote Link to comment Share on other sites More sharing options...
phart Posted August 25, 2015 Share Posted August 25, 2015 Long-time readers of the board won#t listen to geologists, after a bad experience with one, in fact maybe only me and Donny will get this reference. Quote Link to comment Share on other sites More sharing options...
deecie Posted August 25, 2015 Share Posted August 25, 2015 The low oil price has been excellent for the economy. There's more than one side to every coin... unless you are a lying shitebag unionist that is... Disagree. It's been shite. Quote Link to comment Share on other sites More sharing options...
HUNTINGMcGREGOR Posted August 25, 2015 Share Posted August 25, 2015 I've got no sympathy for oil workers. They go into that sector knowing it's unstable but they don't mind because they get their 5 times the norm salaries. That's their oil fund. The uk media is controlled by the privileged ruling classes. For those guys with their real estate portfolios a non rising house price is a very bad thing so thats how it is reported. Similar for oil I suppose. You need to get yer hole. Quote Link to comment Share on other sites More sharing options...
jailender Posted August 25, 2015 Share Posted August 25, 2015 So does Bzzzz Quote Link to comment Share on other sites More sharing options...
thewelk Posted August 25, 2015 Share Posted August 25, 2015 what comic book did you get that figure from ? I know University qualified guys (geology ) that were spending 6 months of year in Equatorial Guinea and wage was piss poor Oil workers consider 40k to be piss poor though. Quote Link to comment Share on other sites More sharing options...
Haggis_trap Posted August 25, 2015 Share Posted August 25, 2015 @larky. Fracking cost full cycle are closer to 90 dollars a barrel. The north sea has seen worse downturns that this. We were told it was over in 1986 too Quote Link to comment Share on other sites More sharing options...
hampden_loon2878 Posted August 25, 2015 Share Posted August 25, 2015 Uk North sea as a whole needs 30 dollars a barrel to break even, norway requires it to be 20 dollars a barrel.... Its bad but not that bad Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted August 25, 2015 Share Posted August 25, 2015 @larky. Fracking cost full cycle are closer to 90 dollars a barrel. The north sea has seen worse downturns that this. We were told it was over in 1986 too http://www.cnbc.com/2015/05/05/oil-at-60-get-ready-for-frack-counterattack.html http://fortune.com/2015/01/09/oil-prices-shale-fracking/ Quote Link to comment Share on other sites More sharing options...
euan2020 Posted August 25, 2015 Share Posted August 25, 2015 (edited) Oil workers consider 40k to be piss poor though. was not as much as that - and you are giving no consideration at all, to them being 6 months away from family Thought you said they were all on minimum £65K ? Edited August 25, 2015 by euan2020 Quote Link to comment Share on other sites More sharing options...
deecie Posted August 26, 2015 Share Posted August 26, 2015 Oil workers consider 40k to be piss poor though. You'd struggle to get by in Aberdream on £40k. Quote Link to comment Share on other sites More sharing options...
thewelk Posted August 26, 2015 Share Posted August 26, 2015 (edited) was not as much as that - and you are giving no consideration at all, to them being 6 months away from family Thought you said they were all on minimum £65K ? When did i say that? Sounds like something I would say...The problem is that oil workers normalise their inflated salaries and get used to it when it was never meant to be normal. Sometimes the higher pay is for extra risk and sometimes it's for the unstable nature of the sector. But 40k should be a more than livable salary anywhere in the world. I don't know about aberdeen though. Still got no sympathy. Edited August 26, 2015 by thewelk Quote Link to comment Share on other sites More sharing options...
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