Confidemus Posted August 21, 2014 Share Posted August 21, 2014 Who should we believe about Scotland's oil? Sir Ian Wood 2013 or Sir Ian Wood 2014? Professor Sir Donald Mackay. Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted August 21, 2014 Share Posted August 21, 2014 Ive highlighted the important bit,basically there aint enough drilling rigs around to fufill the exploration needs,you need a certain type for different depthsAre you saying that areas that are left to be explored are in deeper waters?Are areas discovered previously in shallower waters not requiring such rigs? Link to comment Share on other sites More sharing options...
Tio Pepe Posted August 21, 2014 Share Posted August 21, 2014 Who should we believe about Scotland's oil? Sir Ian Wood 2013 or Sir Ian Wood 2014? The tooth fairy. Link to comment Share on other sites More sharing options...
doulikefish Posted August 21, 2014 Share Posted August 21, 2014 Are you saying that areas that are left to be explored are in deeper waters? Are areas discovered previously in shallower waters not requiring such rigs? deep waters for definite,thats what the clair field is in,as for your other question without being to technical deep water drilling is a different challenge and older rigs arent up to it Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted August 21, 2014 Share Posted August 21, 2014 deep waters for definite,thats what the clair field is in,as for your other question without being to technical deep water drilling is a different challenge and older rigs arent up to it Are there plans to build such rigs? Perhaps a job for our shipyards? Link to comment Share on other sites More sharing options...
doulikefish Posted August 21, 2014 Share Posted August 21, 2014 Are there plans to build such rigs? Perhaps a job for our shipyards? South korea and singapore are fully booked,but there are parts that can be built here ie The link i posted earlier regarding ardisear Link to comment Share on other sites More sharing options...
thisal Posted August 22, 2014 Share Posted August 22, 2014 If there is less oil than thought then surely the that will affect the economy if it's Yes or No. UK has ran up over £1trillion debt as it is. Maybe if the Labour and Tories had been made to put forward a 25 year plan and every detail was dissected the Uk wouldn't be in the shit it's in now. I think it's pretty sure to be a No vote. But I won't hold my breath on the press(voters) being so stringent in their examination of the manifestos for next years general election. Link to comment Share on other sites More sharing options...
H_B Posted August 22, 2014 Share Posted August 22, 2014 If there is less oil than thought then surely the that will affect the economy if it's Yes or No. Oil is of greatly less significance to the much larger UK economy than it would be to Scotland. Link to comment Share on other sites More sharing options...
Confidemus Posted August 22, 2014 Share Posted August 22, 2014 Oil is of greatly less significance to the much larger UK economy than it would be to Scotland. Conversely, the same oil money in a smaller economy, such as iScotland, would have a greater impact. Even without oil, Scotland is the 3rd richest part of the UK after London and the SE, which embarrassingly enough came from Labour's Devolution Commission. Link to comment Share on other sites More sharing options...
H_B Posted August 22, 2014 Share Posted August 22, 2014 Even without oil, Scotland is the 3rd richest part of the UK after London and the SE, which embarrassingly enough came from Labour's Devolution Commission. Why is that embarrassing? Link to comment Share on other sites More sharing options...
git-intae-thum Posted August 22, 2014 Share Posted August 22, 2014 Oil is of greatly less significance to the much larger UK economy than it would be to Scotland. I would suggest the term "much less significance" portrays a false impression. Less significant perhaps, but still hugely important to the UK. Oil is a bonus. It has been squandered for the first 2/3rds of its lifespan. Link to comment Share on other sites More sharing options...
H_B Posted August 22, 2014 Share Posted August 22, 2014 Less significant perhaps, but still hugely important to the UK. What percentage, on current value, is oil to the UK economy? What percentage, on current value, would be oil to a putative iScottish economy? Link to comment Share on other sites More sharing options...
ayrmad Posted August 22, 2014 Share Posted August 22, 2014 What is GDP per capita in Scotland without oil? What is GDP per capita in rUK without Scotland? Link to comment Share on other sites More sharing options...
H_B Posted August 22, 2014 Share Posted August 22, 2014 What is GDP per capita in Scotland without oil? What is GDP per capita in rUK without Scotland? No idea. You tell me... Link to comment Share on other sites More sharing options...
ayrmad Posted August 22, 2014 Share Posted August 22, 2014 No idea. You tell me... I was just putting it out there, I'm sure someone will have the figures to hand. Link to comment Share on other sites More sharing options...
thisal Posted August 22, 2014 Share Posted August 22, 2014 What percentage, on current value, is oil to the UK economy? What percentage, on current value, would be oil to a putative iScottish economy? So does that mean if Scotland stays in UK oil revenue will make little difference. But if it goes alone oil revenue will make a big difference? Link to comment Share on other sites More sharing options...
H_B Posted August 22, 2014 Share Posted August 22, 2014 So does that mean if Scotland stays in UK oil revenue will make little difference. But if it goes alone oil revenue will make a big difference? Well, it means an iScotland would be enormously reliant on oil revenue to pay the bills. The UK certainly isn't. "Over the past five years the average annual tax revenue from oil and gas has been £9.4bn. This represents only 1.7% of onshore tax revenues for the UK in 2011-12 but 20% of onshore tax revenues for Scotland." Professor David Bell noted that the volatility of oil-based tax revenues makes "longer term planning for public services … pretty fraught http://www.publications.parliament.uk/pa/ld201213/ldselect/ldeconaf/152/15206.htm#note94 Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted August 22, 2014 Share Posted August 22, 2014 If there is less oil than thought then surely the that will affect the economy if it's Yes or No. UK has ran up over £1trillion debt as it is. Maybe if the Labour and Tories had been made to put forward a 25 year plan and every detail was dissected the Uk wouldn't be in the shit it's in now. I think it's pretty sure to be a No vote. But I won't hold my breath on the press(voters) being so stringent in their examination of the manifestos for next years general election. The issue isn't less oil but less production and, consequently, less tax income. Whether ther is a Yes or No, no government should be banking on there being as much income as has previosuly been generated. Link to comment Share on other sites More sharing options...
ayrmad Posted August 22, 2014 Share Posted August 22, 2014 The issue isn't less oil but less production and, consequently, less tax income. Whether ther is a Yes or No, no government should be banking on there being as much income as has previosuly been generated. Who is banking on there being as much income from oil? Link to comment Share on other sites More sharing options...
H_B Posted August 22, 2014 Share Posted August 22, 2014 Who is banking on there being as much income from oil? The current Scottish Government. Link to comment Share on other sites More sharing options...
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