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Oh Dear!
Comments
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Thrugelmir wrote: »Oil was $60 a barrel back then.
What has that got to do with the sentiment being expressed i.e.“They don’t recognise that investment in the North Sea cannot be taken for granted when there are potentially more profitable opportunities in West Africa, Mexico or Brazil.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
What has that got to do with the sentiment being expressed i.e.
I doubt that the Treasury was working on an oil price of $121 in the future at that point of time.So they had to raid the pension funds to stick with Tory financial discipline, mmm.
In the same way than GB is believed to have raided the pension funds on the premise that the stock market would continue to rise. So the loss of income to the pension funds would be absorbed.0 -
Thrugelmir wrote: »I doubt that the Treasury was working on an oil price of $121 in the future at that point of time.
In the same way than GB is believed to have raided the pension funds on the premise that the stock market would continue to rise. So the loss of income to the pension funds would be absorbed.
We are talking about comparative investment decisions that shouldn't be affected by the oil price. Oh BTW have I missed something? has Ozzie reinstated the pension tax credit at least going forward? or is he continuing the raid on the pension funds?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
We are talking about comparative investment decisions that shouldn't be affected by the oil price. Oh BTW have I missed something? has Ozzie reinstated the pension tax credit at least going forward? or is he continuing the raid on the pension funds?
you're going to have to explain to me in very little words how there can be any investment in the oil industry which isn't affected by the price of oil. i mean, to simple folk it would seem likely that and decision to invest capital in the oil industry would be dependent upon the sum "price of oil sold - cost of getting it out = >0".
must be missing something, unless the cost of extraction increases directly in proportion with the sale price...0 -
chewmylegoff wrote: »you're going to have to explain to me in very little words how there can be any investment in the oil industry which isn't affected by the price of oil. i mean, to simple folk it would seem likely that and decision to invest capital in the oil industry would be dependent upon the sum "price of oil sold - cost of getting it out = >0".
must be missing something, unless the cost of extraction increases directly in proportion with the sale price...
If you have limited resources and a choice of investment targets (eg the UK or Brazil) then the choice of where to invest will be driven by costs or other factors ( eg stability), the oil price is going to be the same for both decisions.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
the u turn gets closer...
http://www.bbc.co.uk/news/uk-scotland-scotland-business-13127832It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
a good time to get back into North Sea oil shares...lemonjelly wrote: »the u turn gets closer...
http://www.bbc.co.uk/news/uk-scotland-scotland-business-131278320 -
Does that mean George Osbourne will want that penny per litre back?
I've used about 150 litres of fuel since the budget so I'll owe him £1.50.0 -
Then again Ozzy is not the only embarrassment
(Reuters) - Britain discussed plans to exploit Iraq's oil reserves with some of the world's biggest oil companies five months before it joined the United States in invading the country, the Independent newspaper said on Tuesday
http://www.reuters.com/article/2011/04/19/britain-iraq-oil-idUSLDE73I00J20110419'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Thrugelmir wrote: »While political point scoring is playground fun. It doesn't address the fundamental issues that we all appear to be facing.
Maybe if the country had invested in the boom times we wouldn't be where we are today.
what would investing in the boom times look like?Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0
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