Even More SNP Nonsense

[Boris]

I don't follow how it is Westminster that has made Scotland the highest taxed part of the UK when Scotland (SNP) made the final decision.

FWIW - I don't actually disagree with the SNPs choice but blaming Westminster for an SNP decision is just a cop out.

 

So if Westminster drastically cut all rates of income tax, Scotland would be to "blame" if it didn't do the same?  No blame attached to the initial reduction at all?

[coconut doug]

But who cares?

 

A significant percentage who vote for Indy just hate the Tories or the English, as demonstrated on this and other threads.  You think the people of Dundee and I suspect the east half of Glasgow did economic analyses before voting last time? 

Have you now found some evidence to support your anti English  theories?

 

How about this for a theory from me. I think the people of East Glasgow and Dundee are disliked by some because that's where there is a higher proportion of Catholics.live. My experience of these people is that they are more politically astute and more interested in a better Scotland than Saltcoats Rangers supporters club.

 

I always seem to think of them when I see the type of comment posted on this page.

[deesidejambo]

Have you now found some evidence to support your anti English theories?

 

How about this for a theory from me. I think the people of East Glasgow and Dundee are disliked by some because that's where there is a higher proportion of Catholics.live. My experience of these people is that they are more politically astute and more interested in a better Scotland than Saltcoats Rangers supporters club.

 

 

 

I always seem to think of them when I see the type of comment posted on this page.

Are you accusing me of being a bigot?

 

I had no idea Dundee contained a high proportion of Catholics. That's new to me. If you are accusing me of bigotry against Catholics you should withdraw that.

 

And as for the anti- English evidence, try a well-known poster on this site.

[Doogz]

So if Westminster drastically cut all rates of income tax, Scotland would be to "blame" if it didn't do the same?  No blame attached to the initial reduction at all?

 

The point is it was the SNPs choice to opt out of the tax cut as they made the final decision for Scotland to be taxed at a higher rate. The only blame I'd assign to the SNP for that decision is not going further as they should have raised the tax rate but instead the took the easy option so they'd have an out of blaming Westminster .... again. To me that is where the SNP fundamentally lets down the case for independence > they want the electorate to make the bold choice of voting for independence but seem unable to provide the bold leadership that would encourage more people to vote for it (IMO).

[deesidejambo]

The point is it was the SNPs choice to opt out of the tax cut as they made the final decision for Scotland to be taxed at a higher rate. The only blame I'd assign to the SNP for that decision is not going further as they should have raised the tax rate but instead the took the easy option so they'd have an out of blaming Westminster .... again. To me that is where the SNP fundamentally lets down the case for independence > they want the electorate to make the bold choice of voting for independence but seem unable to provide the bold leadership that would encourage more people to vote for it (IMO).

The fact that they chose not to materially change it confirms they are happy with what Westminster set it at, i.e. the nasty Tories are right!

 

Tartan Tories

[Boris]

The point is it was the SNPs choice to opt out of the tax cut as they made the final decision for Scotland to be taxed at a higher rate. The only blame I'd assign to the SNP for that decision is not going further as they should have raised the tax rate but instead the took the easy option so they'd have an out of blaming Westminster .... again. To me that is where the SNP fundamentally lets down the case for independence > they want the electorate to make the bold choice of voting for independence but seem unable to provide the bold leadership that would encourage more people to vote for it (IMO).

 

Scotland is tax at an unchanged higher rate of income tax.  It's like not reducing income tax because Germany has a lower rate (no idea if it does or not, but go with the allusion) and then being blamed for having the highest rate in the EU.

 

I agree that the highest rate could have (should have!) been increased, but then that's for the Govt to decide.  Had they raised it, you would have had Ruth Davidson and Kezia Dugdale talking about how over taxed Scotland was compared to rUK (in fact you hear this without them raising the tax anyway!) so is that really going to swing voters to the idea of independence?

 

The fact that they chose not to materially change it confirms they are happy with what Westminster set it at, i.e. the nasty Tories are right!

 

Tartan Tories

 

But the Tories just reduced it which they disagreed with.  Tartan not really Tories?

 

But your argument above is a bit heads I win tails you lose.  You will damn the SNP if they do or they don't.  Which is your prerogative.

[XB52]

Are you accusing me of being a bigot?

 

I had no idea Dundee contained a high proportion of Catholics. That's new to me. If you are accusing me of bigotry against Catholics you should withdraw that.

 

And as for the anti- English evidence, try a well-known poster on this site.

you accuse SNP/Independence supporters of being racists and then have a wee moan when someone calls you out as a bigot. Hurts doesn't it?  Maybe pull your neck in and try keeping your posts on politics 

[deesidejambo]

you accuse SNP/Independence supporters of being racists and then have a wee moan when someone calls you out as a bigot. Hurts doesn't it? Maybe pull your neck in and try keeping your posts on politics

Rubbish. I had no idea that Dundee is a catholic city. None at all.

 

I didn't raise the Catholicism issue. Doug did.

 

In my opinion the reason Dundee voted Yes is due to other reasons and not religion.

 

So shut it.

[Doogz]

Had they raised it, you would have had Ruth Davidson and Kezia Dugdale talking about how over taxed Scotland was compared to rUK (in fact you hear this without them raising the tax anyway!) so is that really going to swing voters to the idea of independence?

 

If the SNP were to use the extra money raised to make improvements to the country then yes I think that is exactly what I'm looking for to persuade me that independence is the way to go >

Also, I'm fairly certain you've agreed that the initial transition to independence would 'hurt' - which would almost certainly result in cuts to service and increases to taxes. If the SNP raised taxes now they would laying the groundwork for that transitional period & when the 'hurt' comes in independence it won't be unexpected and won't need to be as severe.

[Boris]

If the SNP were to use the extra money raised to make improvements to the country then yes I think that is exactly what I'm looking for to persuade me that independence is the way to go >

Also, I'm fairly certain you've agreed that the initial transition to independence would 'hurt' - which would almost certainly result in cuts to service and increases to taxes. If the SNP raised taxes now they would laying the groundwork for that transitional period & when the 'hurt' comes in independence it won't be unexpected and won't need to be as severe.

Fair point Doogz.

 

But by keeping it the same, they will have increased revenue. Highest tax in the UK remember!

[Hasselhoff]

http://www.scottishlegal.com/2017/03/29/corporate-scotland-overwhelmingly-against-independence-but-divided-on-brexit/

 

Brexit is nothing compared to independence when it comes to self-destruction.

[Space Mackerel]

Mackay was on radio Scotland this morning.......lack of growth is all about Brexit, no mention of the threat that another Indy ref might be having on the economy. Deluded!!

So an actual hard Brexit which IS happening within the next 2 years is not hurting any part of the UK economy but the idea of something maybe happening North of the border is?

 

What an utter deluded old dafty you are :rofl:

[Space Mackerel]

You have linked a picture of May meeting Saudis and passed it off as her meeting the King of Jordan. Who is not a Saudi.

 

Im defending no one. Merely calling you out on sharing false information.

 

I see the First Minister has been meeting noted tax avoiders Apple this week. See we can all play the blame game. What good it does is beyond me.

No, it looked like the House of Saud to me. You're the one who flipped it around to the Jordanian Royal family initially.

 

By the way, this might be a good time to remind you, the Saudi Royal family look after the economy, the Whabbists look after everything else.

 

Still feeling comfortable?

[jack D and coke]

Not sure 5 million can be supported.

 

The 5 million came about in the Central belt via labour-intensive industries such as shipbuilding, steel working, and mining, all of which are well on the wane. Even oil up here is seeing significant ongoing redundancies.

 

The Navy jobs will go as will some Financial services which will move to London.

 

And RBS will reduce as the majority of its customers who are based in England will close their accounts as RBS would effectively become a foreign bank with no Govt underwriting of Accounts.

5 million looking after 5 million makes less sense than 60 million looking after 60 million?? How come?

Military jobs will go from the Royal Navy but we will need some military so surely they can take on a Scottish navy role seeing as no Royal Navy boats currently patrol our waters. Same with army and Air Force. We would have a military it just wouldn't go around the world bombing people.

And RBS are Scottish in name only how many times will people use the banks as a reason

[Space Mackerel]

But less than Scientology, so proves what exactly?

Spewing ^^^

 

You could've used the Vatican Church for your knock out blow.

 

Another swing and a miss doc. Trapperesque.

[Doogz]

I agree that the highest rate could have (should have!) been increased

 

 

Fair point Doogz.

 

But by keeping it the same, they will have increased revenue. Highest tax in the UK remember!

 

Still not enough as you've said earlier. In terms of having the highest tax in the UK that is true (at the moment) - however, it'll be interesting to see what impact cutting Airport Passenger Duty has in terms of the amount of revenue raised.

[Space Mackerel]

http://www.scottishlegal.com/2017/03/29/corporate-scotland-overwhelmingly-against-independence-but-divided-on-brexit/

 

Brexit is nothing compared to independence when it comes to self-destruction.

But but but...

 

http://researchbriefings.files.parliament.uk/documents/SN05795/SN05795.pdf

 

https://www.commonspace.scot/articles/10726/robin-mcalpine-economy-isnt-scotlands-problem-its-everyone-londons-problem

[Thunderstruck]

Astonishing! Everything to do with Brexit but it is CHRONIC problem.

 

http://www.heraldscotland.com/news/15209508.Chronic_skills_shortage_as_Brexit_uncertainty_bites/

 

Nothing, we are to assume, to do with the state of education and training in Scotland or the continuing, perhaps chronic, uncertainty (now into its 6th year) arising from the separatist agenda.

[frankblack]

Astonishing! Everything to do with Brexit but it is CHRONIC problem.

 

http://www.heraldscotland.com/news/15209508.Chronic_skills_shortage_as_Brexit_uncertainty_bites/

 

Nothing, we are to assume, to do with the state of education and training in Scotland or the continuing, perhaps chronic, uncertainty (now into its 6th year) arising from the separatist agenda.

 

The fact is that too many employers are going for the cheap option rather than focusing on training and retaining staff.  I for one have no sympathy for organisations bleating about Brexit when they could train up junior staff out of University.  How much does the likes of the NHS spend on consulatants and temp staff rather than permanent staff?

[Boris]

Astonishing! Everything to do with Brexit but it is CHRONIC problem.

 

http://www.heraldscotland.com/news/15209508.Chronic_skills_shortage_as_Brexit_uncertainty_bites/

 

Nothing, we are to assume, to do with the state of education and training in Scotland or the continuing, perhaps chronic, uncertainty (now into its 6th year) arising from the separatist agenda.

 

Yeah, another potential indy ref is really the reason behind a skills shortage.

 

You may have a point regards education and training, but employers have to face up to that responsibility as well, not simply a govt issue.

[Boris]

The fact is that too many employers are going for the cheap option rather than focusing on training and retaining staff.  I for one have no sympathy for organisations bleating about Brexit when they could train up junior staff out of University.  How much does the likes of the NHS spend on consulatants and temp staff rather than permanent staff?

 

For once I agree with you FB.

 

But the cheap option is the basis of the neo-liberal economy, unfortunately.  

[Thunderstruck]

Yeah, another potential indy ref is really the reason behind a skills shortage.

 

You may have a point regards education and training, but employers have to face up to that responsibility as well, not simply a govt issue.

Are you suggesting that the lack of opportunities and the uncertain job market resulting from the neverendum has nothing whatsoever to do with the new "brain drain"?

[jambo lodge]

Yeah, another potential indy ref is really the reason behind a skills shortage.

 

You may have a point regards education and training, but employers have to face up to that responsibility as well, not simply a govt issue.

Is it an SNP government issue when they choose to slash College places but offer free University places to EU citizens, excluding those from the rest of the UK.

[jambo lodge]

So an actual hard Brexit which IS happening within the next 2 years is not hurting any part of the UK economy but the idea of something maybe happening North of the border is?

 

What an utter deluded old dafty you are :rofl:

Very condescending as usual........there is no such thing as a " Hard Brexit".

[Boris]

Are you suggesting that the lack of opportunities and the uncertain job market resulting from the neverendum has nothing whatsoever to do with the new "brain drain"?

 

Eh?  The article refered to Brexit being responsible, but you see this as indy II to blame.

 

Quite frankly, if businesses want to shit the bed about it then so be it.  If it happens, it happens and business will bneed to deal with it, as they will with Brexit.  If they decide to leave, then again, so be it.  Opens up space for someone else to provide the same service/goods.

 

Is there a brain drain?  I don't know.  Is talk of indy II creating a lack of opportunities?  I don't know, not sure why it would.

 

Business has to realise that life goes on and it has to adapt to the environment around it.

 

I'd also suggest that perhaps a lot of these business people are Tories (remember when we would hear the same shit about a Labour Govt being elected at Westminster?) so there is a bias inherent in their opinion.  

 

Still, it may scare some people, which is sad.

[Boris]

Is it an SNP government issue when they choose to slash College places but offer free University places to EU citizens, excluding those from the rest of the UK.

 

rUK students are free to apply to Scottish universities, and pay the appropraite fees incumbent on that.  Indeed many Scottish universities would love to have them.  So they are not be excluded.

 

Regards colleges, this article gives both sides http://www.independent.co.uk/news/education/education-news/number-of-students-enrolled-on-college-courses-in-scotland-has-fallen-dramatically-under-snp-a6812761.html

 

Yes, numbers have fallen, but FTE have risen.  Crazy!

[Thunderstruck]

Eh? The article refered to Brexit being responsible, but you see this as indy II to blame.

 

Quite frankly, if businesses want to shit the bed about it then so be it. If it happens, it happens and business will bneed to deal with it, as they will with Brexit. If they decide to leave, then again, so be it. Opens up space for someone else to provide the same service/goods.

 

Is there a brain drain? I don't know. Is talk of indy II creating a lack of opportunities? I don't know, not sure why it would.

 

Business has to realise that life goes on and it has to adapt to the environment around it.

 

I'd also suggest that perhaps a lot of these business people are Tories (remember when we would hear the same shit about a Labour Govt being elected at Westminster?) so there is a bias inherent in their opinion.

 

Still, it may scare some people, which is sad.

Being equally frank, this strikes me as falling within the "Indy at any price" attitude that is becoming increasingly popular.

 

You mention "business will just have to deal with it" which, to me, is indicative of this frame of mind. Sadly, what is bad for business is bad for employment so it seems that the workforce will also just have to deal with it. Is that modern socialism?

[coconut doug]

I suspect their economic analysis is " who will give me more of other peoples money- I vote for them"

I suspect that those who hold that view will vote for those who will support their overinflated sense of entitlement at the expense of living in a decent society.

[Thunderstruck]

rUK students are free to apply to Scottish universities, and pay the appropraite fees incumbent on that. Indeed many Scottish universities would love to have them. So they are not be excluded.

 

Regards colleges, this article gives both sides http://www.independent.co.uk/news/education/education-news/number-of-students-enrolled-on-college-courses-in-scotland-has-fallen-dramatically-under-snp-a6812761.html

 

Yes, numbers have fallen, but FTE have risen. Crazy!

If course they want rUK and non-EU students. The cuts in funding mean that fee-paying students are essential to these educational establishments. The more fee-payers required, the fewer "free" places that are available.

[SwindonJambo]

If course they want rUK and non-EU students. The cuts in funding mean that fee-paying students are essential to these educational establishments. The more fee-payers required, the fewer "free" places that are available.

 

Yep.  You don't need to be a Trained Economist or Finance Director to work that one out.

[jambo lodge]

If course they want rUK and non-EU students. The cuts in funding mean that fee-paying students are essential to these educational establishments. The more fee-payers required, the fewer "free" places that are available.

 

[JamboX2]

Yeah, another potential indy ref is really the reason behind a skills shortage.

 

You may have a point regards education and training, but employers have to face up to that responsibility as well, not simply a govt issue.

No it's not. But it's the sign that the Scottish Government are falling behind on education in the round here.

[Boris]

Being equally frank, this strikes me as falling within the "Indy at any price" attitude that is becoming increasingly popular.

 

You mention "business will just have to deal with it" which, to me, is indicative of this frame of mind. Sadly, what is bad for business is bad for employment so it seems that the workforce will also just have to deal with it. Is that modern socialism?

 

As opposed to the neo-liberal notion that we, as citizens just have to "deal with it" whatever business wants to do.

 

The point I was trying to make was that business men may say it is bad for business, not because it actually will be, but because it goes against their political thinking.  Will it be bad for business per se, or is it simply not in the interests of certain individuals? 

[Boris]

No it's not. But it's the sign that the Scottish Government are falling behind on education in the round here.

 

Not disagreeing with that, although I do think employers have to shoulder some of the responsibility when it comes to upskilling existing employees.

[SwindonJambo]

Not disagreeing with that, although I do think employers have to shoulder some of the responsibility when it comes to upskilling existing employees.

 

I 100% agree with you on that one Boris.  It's been happening for a very long time too. It's appalling short-termism.  Everyone's just expected to teach themselves so it's the perfect environment for smooth talking Charlatans to thrive.

[Doogz]

As opposed to the neo-liberal notion that we, as citizens just have to "deal with it" whatever business wants to do.

 

The point I was trying to make was that business men may say it is bad for business, not because it actually will be, but because it goes against their political thinking.  Will it be bad for business per se, or is it simply not in the interests of certain individuals? 

I think that is a bit unfair - there is huge uncertainty around Brexit and even more so around another Independence. No businessman likes uncertainty and if when they're choosing where to make an investment they'll pick a more stable country (one where they've a better idea what currency we'll be using in 5 years time). Finance is one of the biggest employers in Edinburgh and firms are already moving roles from Edinburgh to offices in the EU > it's probably happening in London too but on a smaller scale as London will still remain a major financial centre post-Brexit > will Edinburgh still be after Independence ?

[Boris]

If course they want rUK and non-EU students. The cuts in funding mean that fee-paying students are essential to these educational establishments. The more fee-payers required, the fewer "free" places that are available.

 

Universities are on average 65% funded by the funding couoncils (i.e. the state), so fee income from non-EU/rUK will always be important.

 

There are cuts in funding, albeit increases if that makes sense!, it's still not enough hence the belt tightening.  It's been like this sonce 2007 throughout the UK as a whole.

[Boris]

I think that is a bit unfair - there is huge uncertainty around Brexit and even more so around another Independence. No businessman likes uncertainty and if when they're choosing where to make an investment they'll pick a more stable country (one where they've a better idea what currency we'll be using in 5 years time). Finance is one of the biggest employers in Edinburgh and firms are already moving roles from Edinburgh to offices in the EU > it's probably happening in London too but on a smaller scale as London will still remain a major financial centre post-Brexit > will Edinburgh still be after Independence ?

 

Wouldn't they then be more supportive of an indy Scotland within the single market?

[Doogz]

Wouldn't they then be more supportive of an indy Scotland within the single market?

 

I would think that they would however how long will/would it take for Brexit to complete, Scotland to get independence & then negotiate joining the single market ?

It's the uncertainty over those questions that mean business will invest elsewhere until these issues are resolved and probably goes some way to explaining why growth in Scotland lags behind the rest of the UK at the moment.

[SwindonJambo]

I would think that they would however how long will/would it take for Brexit to complete, Scotland to get independence & then negotiate joining the single market ?

It's the uncertainty over those questions that mean business will invest elsewhere until these issues are resolved and probably goes some way to explaining why growth in Scotland lags behind the rest of the UK at the moment.

 

An important consideration is that a condition of joining the single market is that no individual member of it can then negotiate a separate bilateral trade deal with another country so Scotland would have to trade with rUK under whatever the Brexit deal ends up being.  As the destination of 63% of Scotland's exports that must be given extremely careful consideration before deciding whether to join the single market.

 

If Scotland did choose independence, it might actually be better off staying on the Brexit Terms and NOT joining the single market, obviously depending on what the Brexit Terms are.

 

For me what will be very interesting is how Ireland copes with Brexit.  UK is their biggest export market and they've always had an open trade deal with us until now - pre EEC then EU and now on to Brexit. so uncharted territory. 

[Doogz]

An important consideration is that a condition of joining the single market is that no individual member of it can then negotiate a separate bilateral trade deal with another country so Scotland would have to trade with rUK under whatever the Brexit deal ends up being.  As the destination of 63% of Scotland's exports that must be given extremely careful consideration before deciding whether to join the single market.

 

A lot will depend on what happens with Brexit - if there is no trade deal with the EU post Brexit then I think you're correct in terms of individual countries - however, as I understand it if Scotland was to join EFTA then they (i.e. EFTA) could negotiate a trade deal with rUK even if the EU doesn't have one. As I say, this is only how I currently understand it ..... I could well be wrong as I haven't been able to find any clear details on this. I'm only working on this assumption as I know EFTA already have some trade deals in place that the EU doesn't.

[Doogz]

An important consideration is that a condition of joining the single market is that no individual member of it can then negotiate a separate bilateral trade deal with another country so Scotland would have to trade with rUK under whatever the Brexit deal ends up being.  As the destination of 63% of Scotland's exports that must be given extremely careful consideration before deciding whether to join the single market.

 

If Scotland did choose independence, it might actually be better off staying on the Brexit Terms and NOT joining the single market, obviously depending on what the Brexit Terms are.

 

For me what will be very interesting is how Ireland copes with Brexit.  UK is their biggest export market and they've always had an open trade deal with us until now - pre EEC then EU and now on to Brexit. so uncharted territory. 

 

Sorry, should have taken more time over my previous reply .....

I agree entirely with the highlighted section above - that is why I'd have preferred to only re-visit the independence argument once we've got a clearer idea what the impact of Brexit is and how the UK & Scotland best move forward.

[Boris]

An important consideration is that a condition of joining the single market is that no individual member of it can then negotiate a separate bilateral trade deal with another country so Scotland would have to trade with rUK under whatever the Brexit deal ends up being.  As the destination of 63% of Scotland's exports that must be given extremely careful consideration before deciding whether to join the single market.

 

If Scotland did choose independence, it might actually be better off staying on the Brexit Terms and NOT joining the single market, obviously depending on what the Brexit Terms are.

 

For me what will be very interesting is how Ireland copes with Brexit.  UK is their biggest export market and they've always had an open trade deal with us until now - pre EEC then EU and now on to Brexit. so uncharted territory. 

 

 

Given Scotland imports more than it exports to the rUK, why would it be sensible to actively support and continue trade deficit?

 

Might we, for example, be able to get some of these exports from our single market trading partners, and also increase our exports to them?

 

Just a thought, I'm no international trade expert!

[Thunderstruck]

As opposed to the neo-liberal notion that we, as citizens just have to "deal with it" whatever business wants to do.

 

The point I was trying to make was that business men may say it is bad for business, not because it actually will be, but because it goes against their political thinking. Will it be bad for business per se, or is it simply not in the interests of certain individuals?

How does "Neo-liberalism" differ from the separatist attitude that people will just have to face some hard times for the "dream"(and, as usual, this will fall disproportionately on the poor, the weak, etc). Two sides of the same coin and good or bad depending on who is #(insert Party name)bad.

 

I find both attitudes repugnant but, it seems, many would ditch their principles for the dream of a separate state.

 

Ironically, much of the perceived support for independence is an anti-Tory protest vote.

[Space Mackerel]

Brutal news, only 3 times more than what was expected :-/

 

https://stv.tv/news/north/1385050-west-shetland-oil-field-contains-2-3bn-barrels-of-oil/

 

 

Sent from my iPhone using Tapatalk Pro

[deesidejambo]

 

Brutal news, only 3 times more than what was expected :-/

 

https://stv.tv/news/north/1385050-west-shetland-oil-field-contains-2-3bn-barrels-of-oil/

 

 

Sent from my iPhone using Tapatalk Pro[/quote

 

As your link says, Recovery estimate reduced to 600 million barrels. Already downgraded from the original estimate of a billion, which was then downgraded to 800 million, The 2.3 billion is the in-place volume not the recovery. This is commonly used to fool suckers into thinking the recovery is 2.3 billion. Worked in your case.

 

Recovery will be further downgraded once the external assurance project completes later this year.

 

If the field goes to development, which is not certain at $50 per bbl, yake for the treasury from this field will be almost zero, most likely CorporationTax only and even then only after all exploration and development costs have been offset.

 

Current oil production from Scottish waters about a billion barrels every three years. Even you can't escape that one.

 

So to get to 10 billion will take 30 years assuming no further decline and no facilities degradation.

 

Neither of these is realistic so 10 billion is highly unlikely. Eve the SNP now recognise this

 

But keep spoutin yer childish pish - the facts show the reality. The likely recovery is around 5 billion barrels based on the actual measured fiscal production data.

 

Good luck with your 24 billion barrels.

[Francis Albert]

Brutal news, only 3 times more than what was expected :-/https://stv.tv/news/north/1385050-west-shetland-oil-field-contains-2-3bn-barrels-of-oil/

Sent from my iPhone using Tapatalk Pro

if you are going to use oil revenues as one of the great white hopes for scotland post-independence you should try to learn some basics about the industry. To fail to understand the difference between in place and recoverable reserves destroys your credibility. As does failing to understand that oil companies always talk up their new field prospects. Edited April 8, 2017 by Francis Albert

[deesidejambo]

if you are going to use oil revenues as one of the great white hopes for scotland post-independence you should try to learn some basics about the industry. To fail to understand the difference between in place and recoverable reserves destroys your credibility. As does failing to understand that oil companies always talk up their new field prospects.

Hurricanes own data shows it clearly

 

They expect peak production to be 17,000 barrels per day.

 

At that rate it will take 100 years to produce 600 million barrels, assuming no decline for 100 years.

 

So its complete garbage.

 

SM - don't believe what you see in the MSM!

[Space Mackerel]

Hurricanes own data shows it clearly

 

They expect peak production to be 17,000 barrels per day.

 

At that rate it will take 100 years to produce 600 million barrels, assuming no decline for 100 years.

 

So its complete garbage.

 

SM - don't believe what you see in the MSM!

I know, I know, oil is shite, it's a just a burden on our economy.

[Hasselhoff]

I know, I know, oil is shite, it's a just a burden on our economy.

Are you sure you aren't Derek Mackay? Saw a video of him saying the same thing in 2013 when people were asking why the Scottish gov estimates of oil price were so high compared to OBR.

 

When campaigning does begin for indyref2 eventually, all these old videos are going to surface and show nationalists up for what they are - people that will say or do anything to get a vote no matter if true or not