The New Fat Scotland 'Thanks for all the Fish' Thread.

cogito

Shakethedisease wrote: »

Hardly much in the way of the converted on places like these. But boring echo chambers like Wings and other pro indy places aren't my thing. I like seeing both sides of the coin, even if not convinced by one and I actually like chatting and bantering with you and others on here. We're not going to change the world.

Oil though, lets not got there. Forget I mentioned it.

It's one thing knowing the oil is there and another thing altogether extracting it economically. Isn't that the problem an independent Scotland would have? It isn't the $120 a barrel of Salmond's fevered imagination.

HAMISH_MCTAVISH

cogito wrote: »

It's one thing knowing the oil is there and another thing altogether extracting it economically. Isn't that the problem an independent Scotland would have? .

The North Sea is one of the most expensive areas in the World to extract oil from, but extraction costs have been falling rapidly as a combination of technological advances and cost cutting drives since the oil crash have paid off.

average unit operating expenses in the basin have almost halved in the past two years, from $29.70 a barrel to $15.30,

https://www.ft.com/content/e41381c8-0264-11e7-ace0-1ce02ef0def9

We are now seeing modest increases in exploration and production accordingly as confidence returns on the back of lower production costs. Still a long way to go right enough - but it's not as dire as was made out a few years ago.

kabayiri

Shakethedisease wrote: »

Doesn't matter what background it comes in if it's true. The above map is the future you're facing without Scotland and perhaps NI. Time to face real facts now after Wednesday rather than relying on tired old snipes about acolytes.

This is your economic future in handy map form.
...

Means nothing to me Shakey.

Some of us make money from dealings with growth areas outside Europe. The power shift is continuing, like it or not. Wealthy people in places like China; India; Qatar (in the news) are continuing to buy key assets in UK and elsewhere.

Rinoa

Shakethedisease wrote: »

Hurricane makes 'largest undeveloped' oil find in UK waters

"We believe that the Greater Lancaster Area is a single hydrocarbon accumulation, making it the largest undeveloped discovery on the UK Continental Shelf (UKCS)."

http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-39406131

Those Orkney and Shetland folks have an awful lot of oil.

kabayiri

Rinoa wrote: »

Those Orkney and Shetland folks have an awful lot of oil.

Isn't it their turn to have an independence referendum?

I mean independence not just from UK but from Scotland too

In fact, we should just nominate a month next year, when any old bit of the UK can hold a non-binding referendum on independence. We might as well. There's no point getting hung up on the SNP. I'm sure Londoners might fancy a voice on independence.

.string.

kabayiri wrote: »

Isn't it their turn to have an independence referendum?

I mean independence not just from UK but from Scotland too

In fact, we should just nominate a month next year, when any old bit of the UK can hold a non-binding referendum on independence. We might as well. There's no point getting hung up on the SNP. I'm sure Londoners might fancy a voice on independence.

What a good idea.

And now that the SNP is hell bent on setting a precedent, we need not worry if the people there actually want a referendum. We could select the place by popular demand and run a media Troll-in with a poll of shortlisted referendum nominations.

I nominate Manchester United.

elantan

Rinoa wrote: »

Those Orkney and Shetland folks have an awful lot of oil.

All go which are in the country of Scotland waters ... wonderful isn't it ?

TrickyTree83

elantan wrote: »

All go which are in the country of Scotland waters ... wonderful isn't it ?

What if they choose to remain in the UK and secede from Scotland to do so?

Dumfries and Galloway have made their position clear too.

Conrad

Socialism not delivering for Scotland;

Scotland’s economic growth a third of UK level.

New figures show Scottish onshore GDP in the third quarter of last year grew 0.2 per cent while equivalent UK growth was 0.6 per cent. Compared with the same period of 2015, Scottish GDP was up only 0.7 per cent, against the UK-wide figure of 2.2 per cent.

“The latest Scottish GDP figures are grim,” said economist John McLaren. “This continues the longer term sluggish performance of the Scottish economy over the last three years relative to the UK.”Mr McLaren said that growth appeared “even worse” measured on an “active economy” index of GDP that strips out hard-to-measure or erratic sectors.




https://www.ft.com/content/022aeeb2-dd85-11e6-9d7c-be108f1c1dce

Tromking

Conrad wrote: »

Socialism not delivering for Scotland;

Scotland’s economic growth a third of UK level.

New figures show Scottish onshore GDP in the third quarter of last year grew 0.2 per cent while equivalent UK growth was 0.6 per cent. Compared with the same period of 2015, Scottish GDP was up only 0.7 per cent, against the UK-wide figure of 2.2 per cent.

“The latest Scottish GDP figures are grim,” said economist John McLaren. “This continues the longer term sluggish performance of the Scottish economy over the last three years relative to the UK.”Mr McLaren said that growth appeared “even worse” measured on an “active economy” index of GDP that strips out hard-to-measure or erratic sectors.




https://www.ft.com/content/022aeeb2-dd85-11e6-9d7c-be108f1c1dce

I think it was Michael Portillo who suggested that for a newly independent Scotland to succeed and compete with the rUK it will have to be an Irish celtic-tiger type economy. Which considering the SNP have dined out on its supposed core socialist/progressive principles it would involve a major about-face. I'm not sure the thousands of new ex-Labour SNP voters would be happy with that. Its easy to be progressive with other peoples money!