strichener Posted November 12, 2014 Share Posted November 12, 2014 Colombia Colombia is not going bust. It is probably the best performing larger economy in South America. The last figures I was given for Colombia had the annual forecast growth rate at 4.7% or thereabouts with the Government about to increase this forecast upwards.. Link to comment Share on other sites More sharing options...
Reynard Posted November 12, 2014 Share Posted November 12, 2014 Yip, big oil producing countries going bust all over the place. We better get some aid to Norway as, with 30% of their economy being oil, I fear they may be about to go through some very tough times. Angola Link to comment Share on other sites More sharing options...
Reynard Posted November 12, 2014 Share Posted November 12, 2014 Colombia is not going bust. It is probably the best performing larger economy in South America. The last figures I was given for Colombia had the annual forecast growth rate at 4.7% or thereabouts with the Government about to increase this forecast upwards.. Then neither is the UK as it's economy is "growing" at the highest rate of any developed economy on the planet. Link to comment Share on other sites More sharing options...
strichener Posted November 12, 2014 Share Posted November 12, 2014 Then neither is the UK as it's economy is "growing" at the highest rate of any developed economy on the planet. Based on debt. There is a difference but I wouldn't expect you to understand this. Here are the graphs of government debt to GDP. UK Colombia Link to comment Share on other sites More sharing options...
strichener Posted November 12, 2014 Share Posted November 12, 2014 Angola Are you just picking random oil producing countries? Explain how Angola is going bust. Link to comment Share on other sites More sharing options...
doulikefish Posted November 12, 2014 Share Posted November 12, 2014 Angola Link to comment Share on other sites More sharing options...
AUFC90 Posted November 12, 2014 Share Posted November 12, 2014 Down to $81 this morning. At what point does it become economically unviable to extract from the North Sea? Dunno. You better ask the oil companies when they are planning to stop investing billions. Link to comment Share on other sites More sharing options...
Double Jack D Posted November 12, 2014 Share Posted November 12, 2014 Thats socialism for you. An extreme example perhaps but not indicative of how Scotland would managed its oil resource. Link to comment Share on other sites More sharing options...
Double Jack D Posted November 12, 2014 Share Posted November 12, 2014 So no countries that properly manage their oil are about to go bust due to the recent dip in value? Link to comment Share on other sites More sharing options...
Reynard Posted November 13, 2014 Share Posted November 13, 2014 Brent crude down to $80 yesterday. A mere $70 away from departing fantastist fat leader Alex Salmonds prediction of $150 a barrel. Its good that so many of the NCC were taken in by his economically illiterate drivel. Link to comment Share on other sites More sharing options...
strichener Posted November 13, 2014 Share Posted November 13, 2014 Brent crude down to $80 yesterday. A mere $70 away from departing fantastist fat leader Alex Salmonds prediction of $150 a barrel. Its good that so many of the NCC were taken in by his economically illiterate drivel. You really are tedious. How about backing up your claims that Angola and Colombia are going bust? Link to comment Share on other sites More sharing options...
Elixir Posted November 13, 2014 Share Posted November 13, 2014 Then neither is the UK as it's economy is "growing" at the highest rate of any developed economy on the planet. Inaccurate statement. Link to comment Share on other sites More sharing options...
Reynard Posted November 13, 2014 Share Posted November 13, 2014 Inaccurate statement. Correct it then Link to comment Share on other sites More sharing options...
Reynard Posted November 14, 2014 Share Posted November 14, 2014 Brent crude dropped to just under $78 a barrel yesterday. Nearly half of Alex Salmond's more optimistic estimate on the oil price and a mere $52 a barrel short of his worst case scenario that he based the entire economic plan around. Thats roughly a £1.6billion shortfall in funding. Any news on how he planned to make up this shortfall. What was he planning on cutting? Or were we all to be soaked by the Scottish exchequer? Link to comment Share on other sites More sharing options...
Reynard Posted November 14, 2014 Share Posted November 14, 2014 Brent crude dropped to just under $78 a barrel yesterday. Nearly half of Alex Salmond's more optimistic estimate on the oil price and a mere $35 a barrel short of his worst case scenario that he based the entire economic plan around. Thats roughly a £1.6billion shortfall in funding. Any news on how he planned to make up this shortfall. What was he planning on cutting? Or were we all to be soaked by the Scottish exchequer? Link to comment Share on other sites More sharing options...
Clarkston5 Posted November 14, 2014 Author Share Posted November 14, 2014 Brent crude dropped to just under $78 a barrel yesterday. Nearly half of Alex Salmond's more optimistic estimate on the oil price and a mere $52 a barrel short of his worst case scenario that he based the entire economic plan around. Thats roughly a £1.6billion shortfall in funding. Any news on how he planned to make up this shortfall. What was he planning on cutting? Or were we all to be soaked by the Scottish exchequer? Not really sure. You see it's not actually in the White Paper..... Link to comment Share on other sites More sharing options...
Baxter Parp Posted November 14, 2014 Share Posted November 14, 2014 Not really sure. You see it's not actually in the White Paper..... There was no shortfall. The Scottish economy is broadly similar to the UK economy if you omit oil revenues. Oil is the cherry on top, not the mainstay. That's in the white paper. Link to comment Share on other sites More sharing options...
AUFC90 Posted November 14, 2014 Share Posted November 14, 2014 What was he planning on cutting?Trident, HS2 and crossrail. Oh and cutting the military spend from 3.5 billion per annum to 2 billion. HTH. Link to comment Share on other sites More sharing options...
Reynard Posted November 14, 2014 Share Posted November 14, 2014 Trident, HS2 and crossrail. Oh and cutting the military spend from 3.5 billion per annum to 2 billion. HTH. I think you'll find this was already dumped in the WP. What FURTHER cuts would be made? Link to comment Share on other sites More sharing options...
Reynard Posted November 14, 2014 Share Posted November 14, 2014 There was no shortfall. The Scottish economy is broadly similar to the UK economy if you omit oil revenues. Oil is the cherry on top, not the mainstay. That's in the white paper. Utter bollocks. And this was one of the main reasons you lost. Link to comment Share on other sites More sharing options...
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