North Sea sees biggest stampede for exploration since 1964

mitchaa

Pastures, you can move in with me and become a live in nanny

We actually have a few jobs going at the moment. (Office based, logging aircraft maintenance records) No experience required as 6mths OJT with starting salary approx £25k

As you say, you'll just have to start understanding the local lingo.

Fiddlestick

IveSeenTheLight wrote: »

Surely any additional revenue will help with our defecit.

The point is that if it was invested properly initially, we could fund our social security system off the dividends.

I believe this is exactly how Norway funds it's healthcare and social security system.

Dirk_Rambo

i think a punt on silver rather than oil would make more sense. when the world economy goes south so will the price of oil

IveSeenTheLight

Dirk_Rambo wrote: »

i think a punt on silver rather than oil would make more sense. when the world economy goes south so will the price of oil

Were not discussing oil as an investment.
We've been discussing the news as a boost to the local market and the economy as a whole given the revenue that will be obtained from it.

If we are to discuss oil as an investment, with many people discussing peak oil and that it is a finite resource.
What is the likely potential for the price as the commodity is used up.

Let's face it, oil is required far more in today's society than silver is it?

Dirk_Rambo

mr stalkers back. hes persistent , ill give him that. but im still one step ahead, fingers crossed

IveSeenTheLight

Dirk_Rambo wrote: »

mr stalkers back. hes persistent , ill give him that. but im still one step ahead, fingers crossed

It would be good if you could try to enter into an intelligent conversation (preferably factually based) and discuss with merit the points at hand.

It's far more productive.

Kohoutek

Dirk_Rambo wrote: »

i think a punt on silver rather than oil would make more sense. when the world economy goes south so will the price of oil

Check out what happened to the price of silver when the economy last went south.

daveyjp

Fiddlestick wrote: »

The point is that if it was invested properly initially, we could fund our social security system off the dividends.

I believe this is exactly how Norway funds it's healthcare and social security system.

I'm just back from Norway - there's no doubt it is an excellent place in terms of social care, 'the big society' etc. They did see the opportunity and used the oil money for social purposes, paid off all their post war debts and have since invested heavily in public infrastructure.

All current oil returns are invested to provide for the Country when the oil does run out - Norway has no other natural resources it can trade and before oil was found was a poverty stricken Country.

The main reason why 'if we had invested our oil money we would be like Norway' falls over is there are fewer people to look after from their oil revenues.

Norway has a population of about 4.5 million, not the 60 million+ in the UK.

sabretoothtigger

Dirk_Rambo wrote: »

i think a punt on silver rather than oil would make more sense. when the world economy goes south so will the price of oil

world economy will grow even if the west doesnt. 300m americans who on average owe more money then they own wont matter as much

IveSeenTheLight

daveyjp wrote: »

I'm just back from Norway - there's no doubt it is an excellent place in terms of social care, 'the big society' etc. They did see the opportunity and used the oil money for social purposes, paid off all their post war debts and have since invested heavily in public infrastructure.

All current oil returns are invested to provide for the Country when the oil does run out - Norway has no other natural resources it can trade and before oil was found was a poverty stricken Country.

The main reason why 'if we had invested our oil money we would be like Norway' falls over is there are fewer people to look after from their oil revenues.

Norway has a population of about 4.5 million, not the 60 million+ in the UK.

Can only wonder what it would had been like if Scotland had been independant.
Certainly the UK reserves has been greater than the Norwedian.

The other thing the Norwegians do is only explore what they needed to +10% ish for selling off.
Consequently, this means they should have reserves after ours is completed.