Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 Genuine question. Why did the UK treasury give Shell an ?81m tax break but the same company paid ?2.7Bn in tax to Norway (& ?377Million in tax to Denmark)? Is Westminster just shit? You mean this? http://www.maritime-executive.com/editorials/north-sea-oil-tax-avoidance-schemes-exposed Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 Report here http://static1.squarespace.com/static/574507cde707eb332424b26a/t/57bd8b6d1b631b72531caed0/1472039836939/ITF+CHEVRON+UK+Long+Report+V13+Low+Res.pdf Link to comment Share on other sites More sharing options...
SwindonJambo Posted March 27, 2017 Share Posted March 27, 2017 Do YOU work in the oil industry? No I don't but I do know that the the low oil price(which is artificially propped up at its current $50 a barrel), the expense of extracting offshore and the poor taxation arrangements will make relatively little difference. Anyway, oil will run out one day. What will we sell then? Link to comment Share on other sites More sharing options...
SwindonJambo Posted March 27, 2017 Share Posted March 27, 2017 "Lets take back control"....they all cried on the Eurosceptic side of the English right wing. And let the German multi nationals dictate our future. What an utter waste of time and hypocrisy. The German multi nationals are an extremely powerful lobbying group in the German Parliament. They will apply massive pressure on their own government to broker a workable deal as hundreds of thousands of German jobs depend on it. I have no time for UKIP btw. Link to comment Share on other sites More sharing options...
Nookie Bear Posted March 27, 2017 Share Posted March 27, 2017 "Lets take back control"....they all cried on the Eurosceptic side of the English right wing. And let the German multi nationals dictate our future. What an utter waste of time and hypocrisy. But we are where we are and no amount of anger will reverse that Brexit vote. We have to get past the recriminations and move forward the best we can. Of course, a horrendous Brexit is good news for the SNP so not sure how you want this to play out. Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 The German multi nationals are an extremely powerful lobbying group in the German Parliament. They will apply massive pressure on their own government to broker a workable deal as hundreds of thousands of German jobs depend on it. I have no time for UKIP btw. The German multi nationals are wanting a deal that's going to give: a) the best deal for themselves, workers and profits. or they need jars of English jam and marmalade. Link to comment Share on other sites More sharing options...
Sidsnot Posted March 27, 2017 Share Posted March 27, 2017 No I don't but I do know that the the low oil price(which is artificially propped up at its current $50 a barrel), the expense of extracting offshore and the poor taxation arrangements will make relatively little difference. Anyway, oil will run out one day. What will we sell then? http://www.offshorewind.biz/2016/11/09/renewableuk-new-cfd-round-good-news-for-offshore-wind-and-british-industry/http://www.westernhvdclink.co.uk/marine-cable.aspx https://www.gov.uk/government/news/record-whisky-sales-to-india-leads-global-demand http://www.scotlandis.com/news/2017/february/strong-growth-in-scotland-s-tech-sector-paves-way-for-new-industry-award/ Link to comment Share on other sites More sharing options...
Pans Jambo Posted March 27, 2017 Share Posted March 27, 2017 You mean this? http://www.maritime-executive.com/editorials/north-sea-oil-tax-avoidance-schemes-exposed BTW, regardless of what side of the Indy argument you are on, this is a disgrace! Scottish/UK oil is being sold cheaply and the people of Scotland/UK are being ripped off. I would like to think that an Indy Scotland would reverse this and pronto as Westminster is blatantly clueless. Yet another reason to laugh at the Yoons. Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 BTW, regardless of what side of the Indy argument you are on, this is a disgrace! Scottish/UK oil is being sold cheaply and the people of Scotland/UK are being ripped off. I would like to think that an Indy Scotland would reverse this and pronto as Westminster is blatantly clueless. Yet another reason to laugh at the Yoons. Tax breaks to their mates who pay into their party coffers and support their views in the MSM, that Ian Wood springs to mind. Remember, auld Liz is a major shareholder in BP, as are the Dutch Royal family in Shell. Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 . Link to comment Share on other sites More sharing options...
Malinga the Swinga Posted March 27, 2017 Share Posted March 27, 2017 Surprised this thread still on the go as our PM has, quite rightly, deferred referendum until after Brexit is complete. Although she knows the status quo would have won, she has put the good of the country before her own parties position, which I am sure even the most ardent Nationalists must admire. If only their leader could do the same but she and her leadership team remain blinkered by independence and refuse to govern on health, education, transport and the other vital topics of government. Link to comment Share on other sites More sharing options...
SwindonJambo Posted March 27, 2017 Share Posted March 27, 2017 The German multi nationals are wanting a deal that's going to give: a) the best deal for themselves, workers and profits. or they need jars of English jam and marmalade. Eh! And your point is caller...... Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 Eh! And your point is caller......What makes you think you are going to get a super massive special deal that's going to benefit the U.K. when we have practically nothing to export to them that they need or want? They're already getting what they want, all the UK's financial sector are ****ing off to Berlin and Dublin [emoji23] Link to comment Share on other sites More sharing options...
Pans Jambo Posted March 27, 2017 Share Posted March 27, 2017 Tax breaks to their mates who pay into their party coffers and support their views in the MSM, that Ian Wood springs to mind. Remember, auld Liz is a major shareholder in BP, as are the Dutch Royal family in Shell. Its being largely ignored on here too. Funny that. Link to comment Share on other sites More sharing options...
jambo lodge Posted March 27, 2017 Share Posted March 27, 2017 You mean this? http://www.maritime-executive.com/editorials/north-sea-oil-tax-avoidance-schemes-exposed It quoted the magic words of our " Shadow Chancellor" haha. Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 Its being largely ignored on here too. Funny that. They're just into Maggie May sound bites the now, it's all they've got. She looked awfy nervous, stammering a few of her words on the news there too. The Yoons never mentioned that. Link to comment Share on other sites More sharing options...
Sidsnot Posted March 27, 2017 Share Posted March 27, 2017 Surprised this thread still on the go as our PM has, quite rightly, deferred referendum until after Brexit is complete. Although she knows the status quo would have won, she has put the good of ENGLAND before her own parties position, which I am sure even the most ardent Nationalists must admire. If only their leader could do the same but she and her leadership team remain blinkered by independence and refuse to govern on health, education, transport and the other vital topics of government. Fixed it for you. Link to comment Share on other sites More sharing options...
Nookie Bear Posted March 27, 2017 Share Posted March 27, 2017 What makes you think you are going to get a super massive special deal that's going to benefit the U.K. when we have practically nothing to export to them that they need or want? They're already getting what they want, all the UK's financial sector are ******* off to Berlin and Dublin [emoji23] Is that funny? Link to comment Share on other sites More sharing options...
SwindonJambo Posted March 27, 2017 Share Posted March 27, 2017 What makes you think you are going to get a super massive special deal that's going to benefit the U.K. when we have practically nothing to export to them that they need or want? We're the 2nd biggest economy in Europe so we must be doing something right. We are a value added economy. For the 2nd time, I did NOT say that we would get a super massive special deal and we Won't. We'll get a WORKABLE compromise deal, not as good as being still in the EU but something will be worked out. Europe is not the whole World. 400 million in festering, declining Europe, rest of World 6.5 billion. We do less than 50% of our trade with the EU btw. We'll have slower growth to start with then speed up again later as we adapt to our new environment. I'm braced for that. Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 Is that funny? Funny strange or funny haha? Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 We're the 2nd biggest economy in Europe so we must be doing something right. We are a value added economy. For the 2nd time, I did NOT say that we would get a super massive special deal and we Won't. We'll get a WORKABLE compromise deal, not as good as being still in the EU but something will be worked out. Europe is not the whole World. 400 million in festering, declining Europe, rest of World 6.5 billion. We do less than 50% of our trade with the EU btw. We'll have slower growth to start with then speed up again later as we adapt to our new environment. I'm braced for that. You should apply that logic to the Scottish independence arguments then and support it if it's all about economics. Link to comment Share on other sites More sharing options...
Nookie Bear Posted March 27, 2017 Share Posted March 27, 2017 Funny strange or funny haha? Funny ha ha Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 Funny ha ha Funny, all the service jobs are moving abroad under a hard Brexit, pishes all over Maggie, Boris and Davies chips. Mind you, they're all multi millionaires so why do they care anyway? Link to comment Share on other sites More sharing options...
SwindonJambo Posted March 27, 2017 Share Posted March 27, 2017 You should apply that logic to the Scottish independence arguments then and support it if it's all about economics. I would do if it happened and would wish Scotland and those in charge the very best. I am, after all a Scot ,with an undiluted accent too. Let me also repeat I did not support Brexit but In- denial recriminations are pointless. We just have ro make the best of where we now are and if Scotland went independent I'd initially be sad but then hope it turned out for the best. Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 I would do if it happened and would wish Scotland and those in charge the very best. I am, after all a Scot ,with an undiluted accent too. Let me also repeat I did not support Brexit but In- denial recriminations are pointless. We just have ro make the best of where we now are and if Scotland went independent I'd initially be sad but then hope it turned out for the best. You would be sad if Scotland went independent? As things stand the now, England and Wales have went independent, are you sad right now? Honest to god, the duplicity in the Yoons beggars belief on here. Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 Its being largely ignored on here too. Funny that. Here's a pic for them, no doubt the thread will be flooded with comments saying it was the GERS figures what did it and it was NS's fault. Link to comment Share on other sites More sharing options...
SwindonJambo Posted March 27, 2017 Share Posted March 27, 2017 You would be sad if Scotland went independent? As things stand the now, England and Wales have went independent, are you sad right now? Honest to god, the duplicity in the Yoons beggars belief on here. I was actually trying to be conciliatory you fool! If you don't get the result you want, you accept it with dignity and make the best of it! Not curl up in a corner and mourn the end of the World. How the hell have England and Wales gone independent? The EU is not a country! In the event of independence I'm sure the Scottish leaders of all the Unionist parties would accept the situation and hope for the best too. Not curl up and disappear. What exactly do you want? A 1 party state? Great idea - NOT. Link to comment Share on other sites More sharing options...
Thunderstruck Posted March 27, 2017 Share Posted March 27, 2017 You mean this? http://www.maritime-executive.com/editorials/north-sea-oil-tax-avoidance-schemes-exposed If you think that this (and it isn't news) is magically going to go away if your SNP gets full control, you are completely deluded and haven't been paying attention to what they promise (competitive tax regime) or even their actions of the last few weeks when they caved in to big and very profitable businesses on taxation that they do control. And, of course, it might be easier to criticise if the Scottish Government's own little Merchant Fleet didn't "offshore" its crew subsidiary to save on tax. Not on the same scale as "Big Oil" but it's the principle, is it not. Link to comment Share on other sites More sharing options...
Maroon Sailor Posted March 27, 2017 Share Posted March 27, 2017 The nats are praying that the UK gets a bad deal Strengthens their hand. Doesn't matter what deal the UK gets the nippy ferret won't be happy Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 I was actually trying to be conciliatory you fool! If you don't get the result you want, you accept it with dignity and make the best of it! Not curl up in a corner and mourn the end of the World. How the hell have England and Wales gone independent? The EU is not a country! In the event of independence I'm sure the Scottish leaders of all the Unionist parties would accept the situation and hope for the best too. Not curl up and disappear. What exactly do you want? A 1 party state? Great idea - NOT. See ya. Enjoy your Brexit down South in your wee corner mourning about how it could be so much better. http://uk.businessinsider.com/hurricane-energy-hails-largest-undeveloped-discovery-of-uk-oil-2017-3?r=US&IR=T Link to comment Share on other sites More sharing options...
SwindonJambo Posted March 27, 2017 Share Posted March 27, 2017 See ya. Enjoy your Brexit down South in your wee corner mourning about how it could be so much better. http://uk.businessinsider.com/hurricane-energy-hails-largest-undeveloped-discovery-of-uk-oil-2017-3?r=US&IR=T I'm not mourning about anything, thanks and it's just fine. And I'm well aware of that oil discovery. Good news for employees and owners of the companies involved. But it's not Saudi Arabia and won't actually go that far in the grand scheme of things. And when it runs out? As the article says, it's 1/5 th of the size of the biggest existing field and though good, not game changingly dramatic. Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 27, 2017 Share Posted March 27, 2017 I'm not mourning about anything, thanks and it's just fine. And I'm well aware of that oil discovery. Good news for employees and owners of the companies involved. But it's not Saudi Arabia and won't actually go that far in the grand scheme of things. And when it runs out? As the article says, it's 1/5 th of the size of the biggest existing field and though good, not game changingly dramatic. A billion barrels of oil at $50 makes $50 billion, care to do the maths take on that regarding tax. Such a precious precious Union eh? Break out the old jeely pans down there, zee Germans need something for their morning toast. No idea on the tariffs on a top spec M5 after Brexit though. Inflation and interest rates will be so high they'll only be supplying the 1 series though. Sent from my iPad using Tapatalk Pro Link to comment Share on other sites More sharing options...
Thunderstruck Posted March 27, 2017 Share Posted March 27, 2017 A billion barrels of oil at $50 makes $50 billion, care to do the maths take on that regarding tax. Such a precious precious Union eh? Break out the old jeely pans down there, zee Germans need something for their morning toast. No idea on the tariffs on a top spec M5 after Brexit though. Inflation and interest rates will be so high they'll only be supplying the 1 series though. Sent from my iPad using Tapatalk Pro Obviously, you didn't scan the WSJ report linked earlier. A shame as there was plenty of pictures in it and you do seem to like your pictures. You might get a better picture of the real tax rate from that. You might also want to read up on "economically recoverable" v "reservoir capacity". Link to comment Share on other sites More sharing options...
jack D and coke Posted March 28, 2017 Share Posted March 28, 2017 Genuine question. Why did the UK treasury give Shell an ?81m tax break but the same company paid ?2.7Bn in tax to Norway (& ?377Million in tax to Denmark)? Is Westminster just shit? I read the other day 400k barrels of oil per day come ashore into Scotland and we (for sake of argument the British government make plums) yet Norway made ?12 billion pounds last year for prett much the same amount of oil extracted. I think it's fair to say WM is either really at it or seriously shite. Link to comment Share on other sites More sharing options...
SwindonJambo Posted March 28, 2017 Share Posted March 28, 2017 A billion barrels of oil at $50 makes $50 billion, care to do the maths take on that regarding tax. Such a precious precious Union eh? Break out the old jeely pans down there, zee Germans need something for their morning toast. No idea on the tariffs on a top spec M5 after Brexit though. Inflation and interest rates will be so high they'll only be supplying the 1 series though. Sent from my iPad using Tapatalk Pro My Arithmetic is fine thanks . Maths too You do realise that production, equipment and Labour Costs have to be deducted from that $50bn? Income tax will be deducted from the Labour but once it's all whittled down, spread across several years, it's not really that much. Perfectly happy without M5s being shipped in. It'll help with balance of Payments. We can just buy Hondas instead (made in Swindon) or Minis (made in nearby Oxford. Body shells made in Swindon). Also in Swindon are innumerable small hi tec component manufacturers. I'm sure if we look hard enough, we can find someone who makes Jeely pans Link to comment Share on other sites More sharing options...
Arnold Rothstein Posted March 28, 2017 Share Posted March 28, 2017 You would be sad if Scotland went independent? As things stand the now, England and Wales have went independent, are you sad right now? Honest to god, the duplicity in the Yoons beggars belief on here. This post is staggering in its stupidity, both grammatically and logically. Link to comment Share on other sites More sharing options...
Pans Jambo Posted March 28, 2017 Share Posted March 28, 2017 My Arithmetic is fine thanks . Maths too You do realise that production, equipment and Labour Costs have to be deducted from that $50bn? Income tax will be deducted from the Labour but once it's all whittled down, spread across several years, it's not really that much. Perfectly happy without M5s being shipped in. It'll help with balance of Payments. We can just buy Hondas instead (made in Swindon) or Minis (made in nearby Oxford. Body shells made in Swindon). Also in Swindon are innumerable small hi tec component manufacturers. I'm sure if we look hard enough, we can find someone who makes Jeely pans Seems to be plenty in Norway though. You can argue against this one. The UK government are allowing ?Billions to be avoided and banked off-shore while the Yoons harp on about Scotlands defecit. If companies paid their tax (like the seem quite able to do in other north sea countries) then perhaps the Tory austerity plan could be reduced. I am sure after a Yes vote the oil companies will be properly held to account as they are elswhere. Link to comment Share on other sites More sharing options...
Harry Potter Posted March 28, 2017 Share Posted March 28, 2017 Figure being quoted yesterday, one billion poonds to keep scotland in the EU, aye that sounds like a cracking good idea. Link to comment Share on other sites More sharing options...
The Don Posted March 28, 2017 Share Posted March 28, 2017 Seems to be plenty in Norway though. You can argue against this one. The UK government are allowing ?Billions to be avoided and banked off-shore while the Yoons harp on about Scotlands defecit. If companies paid their tax (like the seem quite able to do in other north sea countries) then perhaps the Tory austerity plan could be reduced. I am sure after a Yes vote the oil companies will be properly held to account as they are elswhere. I agree with lot of this, however the point being made is the deals in place that the U.K. Government made with these companies. Many of these deals/agreements were signed a long time ago to change them would cost billions in fines and the companies probably wouldn't agree meaning long protracted legal battles costing many more millions. It's shit I agree, what should be happening is making sure it doesn't happen again with new deals agreements. Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
SwindonJambo Posted March 28, 2017 Share Posted March 28, 2017 Seems to be plenty in Norway though. You can argue against this one. The UK government are allowing ?Billions to be avoided and banked off-shore while the Yoons harp on about Scotlands defecit. If companies paid their tax (like the seem quite able to do in other north sea countries) then perhaps the Tory austerity plan could be reduced. I am sure after a Yes vote the oil companies will be properly held to account as they are elswhere. I largely agree with this Pans. Not going to argue one sided. When it comes to capturing funds for the Treasury, our Oil Industry is very badly set up. Norway isn't a like for like comparison as it has much, much more oil than Scotland. Another good move they made was to set up a state owned oil company covering the whole supply chain of exploration, drilling, refinement and delivery. So the Norwegian Taxman gets the the whole caboodle. However, to reverse the arrangements we now have would be cost prohibitive so the genie is out of the bottle there. Norway also has a very well developed non oil economy and has very high taxes, most notably on alcohol! Corporate Tax Avoidance pisses me off too and is a big problem everywhere. Link to comment Share on other sites More sharing options...
frankblack Posted March 28, 2017 Share Posted March 28, 2017 I largely agree with this Pans. Not going to argue one sided. When it comes to capturing funds for the Treasury, our Oil Industry is very badly set up. Norway isn't a like for like comparison as it has much, much more oil than Scotland. Another good move they made was to set up a state owned oil company covering the whole supply chain of exploration, drilling, refinement and delivery. So the Norwegian Taxman gets the the whole caboodle. However, to reverse the arrangements we now have would be cost prohibitive so the genie is out of the bottle there. Norway also has a very well developed non oil economy and has very high taxes, most notably on alcohol! Corporate Tax Avoidance pisses me off too and is a big problem everywhere. The problem with comparing ourselves to Norway is that Norway set up Oil funds a long time ago (late 70s, early 80s?) and this money has been invested rather than diverted onto other government spending as the UK did. Its all a bit too late for the UK or Scotland to start this now with Oil reserves running out. Edit: Corporate Tax Avoidance is also one of my major gripes and I wish government would invest in the HMRC and tighten up tax regulation to make it impossible. There are too many loopholes in taxation rules and perhaps a more simplified and unambiguous approach would be more effective. However we keep getting told that these firms will move their jobs elsewhere - which is a bluff that governments buy every time. Link to comment Share on other sites More sharing options...
SwindonJambo Posted March 28, 2017 Share Posted March 28, 2017 The problem with comparing ourselves to Norway is that Norway set up Oil funds a long time ago (late 70s, early 80s?) and this money has been invested rather than diverted onto other government spending as the UK did. Its all a bit too late for the UK or Scotland to start this now with Oil reserves running out. Edit: Corporate Tax Avoidance is also one of my major gripes and I wish government would invest in the HMRC and tighten up tax regulation to make it impossible. There are too many loopholes in taxation rules and perhaps a more simplified and unambiguous approach would be more effective. However we keep getting told that these firms will move their jobs elsewhere - which is a bluff that governments buy every time. Good post. Norway has managed its oil Wealth very, very well. When first discovered, they looked far into the future, made a plan and executed it. I've been to Norway twice and imho they are a model state. Far too late for us to do what they did, sadly. The Tax Office? They've done the exact opposite of your good suggestion, slashing the budgets of the very department supposed to collect tax and provide the country with its budget. Staff morale must be horrendous because whenever I've dealt with them in my work, I 've always found them to be obtuse and uncooperative, even whilst trying to pay them money! It's such a daft move to cut their budgets with such an obvious payback. And yes, our tax book is riddled with loopholes. Link to comment Share on other sites More sharing options...
coconut doug Posted March 28, 2017 Share Posted March 28, 2017 The problem with comparing ourselves to Norway is that Norway set up Oil funds a long time ago (late 70s, early 80s?) and this money has been invested rather than diverted onto other government spending as the UK did. Its all a bit too late for the UK or Scotland to start this now with Oil reserves running out. Edit: Corporate Tax Avoidance is also one of my major gripes and I wish government would invest in the HMRC and tighten up tax regulation to make it impossible. There are too many loopholes in taxation rules and perhaps a more simplified and unambiguous approach would be more effective. However we keep getting told that these firms will move their jobs elsewhere - which is a bluff that governments buy every time. The Oil fund has nothing to do with it. In any case it was not set up until 1996 https://www.nbim.no/en/the-fund/about-the-fund/ Direct comparison between the U.K. and Norway is possible purely on tax terms. This often quoted report shows that Norway's government gets $9.10 more for every barrel in taxation. It also gets a similar amount in returns from state investment http://www.resourcegovernance.org/blog/did-uk-miss-out-%C2%A3400-billion-worth-oil-revenue . Norway gets almost $20 more for every barrel. It's not too late for an oil fund for us as yesterday's news shows. The trouble with the U.K. is that there are no plans for building and investing in the country. The priority is to give away our wealth to private companies and individuals. The same people who will fund the Tory and Labour party in return. We are apparently philosophically opposed to state investment but it's worked well for Norway. Link to comment Share on other sites More sharing options...
jambos are go! Posted March 28, 2017 Share Posted March 28, 2017 Hope Nicola is wearing virtual bullet proof shoes since she is about inflict virtual self harm Link to comment Share on other sites More sharing options...
frankblack Posted March 28, 2017 Share Posted March 28, 2017 The Oil fund has nothing to do with it. In any case it was not set up until 1996 https://www.nbim.no/en/the-fund/about-the-fund/ Direct comparison between the U.K. and Norway is possible purely on tax terms. This often quoted report shows that Norway's government gets $9.10 more for every barrel in taxation. It also gets a similar amount in returns from state investment http://www.resourcegovernance.org/blog/did-uk-miss-out-%C2%A3400-billion-worth-oil-revenue . Norway gets almost $20 more for every barrel. It's not too late for an oil fund for us as yesterday's news shows. The trouble with the U.K. is that there are no plans for building and investing in the country. The priority is to give away our wealth to private companies and individuals. The same people who will fund the Tory and Labour party in return. We are apparently philosophically opposed to state investment but it's worked well for Norway. Yesterday's news really isn't going to help set up any oil fund, lets be honest. It isn't clear if it is even financially cost effective drilling there. I do agree with your final statement about the lack of investment in UK companies. Nowadays as soon as a company becomes successful they go for the quick exit strategy that almost inevitably leads to a sale overseas to a competitor and eventually jobs moving a few years later. Link to comment Share on other sites More sharing options...
Sidsnot Posted March 28, 2017 Share Posted March 28, 2017 Have you not got enough to do busy writing poorly spelled slogans on bed sheets for your big day on Sunday? Nah,I reckon Dundee will beat the Sheep on Friday night. Link to comment Share on other sites More sharing options...
aussieh Posted March 28, 2017 Share Posted March 28, 2017 Possible Good news for Shetland and the Orkneys if this turns out to be a good find. Will wee nippy grant Shetland and Orkneysbtheir independence referendum to be independent from Scotland? Or will the wee nasty gnats be hypocrites and refuse another referendum to the islands and harvest their possible oil finds. Sent from my iPhone using Tapatalk Scotland bought the Shetland islands, if the occupants are not happy, we'll soon replace them. Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 28, 2017 Share Posted March 28, 2017 Figure being quoted yesterday, one billion poonds to keep scotland in the EU, aye that sounds like a cracking good idea. And how much would we get back in the form of subsidies and investment? Yet again another ill informed post. You Yoons are littering this thread with them. Link to comment Share on other sites More sharing options...
Space Mackerel Posted March 28, 2017 Share Posted March 28, 2017 My Arithmetic is fine thanks . Maths too You do realise that production, equipment and Labour Costs have to be deducted from that $50bn? Income tax will be deducted from the Labour but once it's all whittled down, spread across several years, it's not really that much. Perfectly happy without M5s being shipped in. It'll help with balance of Payments. We can just buy Hondas instead (made in Swindon) or Minis (made in nearby Oxford. Body shells made in Swindon). Also in Swindon are innumerable small hi tec component manufacturers. I'm sure if we look hard enough, we can find someone who makes Jeely pans "It's not really that much" You should email Hurricane and tell them not to bother then? Post their reply on here and give us all a giggle. Link to comment Share on other sites More sharing options...
aussieh Posted March 28, 2017 Share Posted March 28, 2017 I read the other day 400k barrels of oil per day come ashore into Scotland and we (for sake of argument the British government make plums) yet Norway made ?12 billion pounds last year for prett much the same amount of oil extracted. I think it's fair to say WM is either really at it or seriously shite. Wilful mismanagement of Scottish oil to inflict maximum damage on the Scottish economy. Link to comment Share on other sites More sharing options...
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