Boostin' Kev Posted March 10, 2020 Share Posted March 10, 2020 (edited) Aberdeen Edited March 10, 2020 by Boostin' Kev -2 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 10, 2020 Share Posted March 10, 2020 Doubt we'll see any benefit from it. 0 Quote Link to comment Share on other sites More sharing options...
tarapoa Posted March 10, 2020 Share Posted March 10, 2020 The long game could benefit us. Saudi wants to squeeze Russia - but Russia could sit it out, and force some of the American shale brigade out of business. After the virus stuff is gone, maybe a few American outfits will have gone too - leading to a bounce back to a more attractive price than the $60 mean of recent times, and decent prosperity for the North Sea and its marginal fields. That will require cashflow to see some through the next few months and there will be victims in the supply chain though, which will clearly please Boostin’ Kev for reasons best known to himself. 1 Quote Link to comment Share on other sites More sharing options...
philpy Posted March 10, 2020 Share Posted March 10, 2020 OIL ON THE ROAD 5 Quote Link to comment Share on other sites More sharing options...
Andy_K_97 Posted March 10, 2020 Share Posted March 10, 2020 1 hour ago, philpy said: OIL ON THE ROAD GONNAE CRASH 0 Quote Link to comment Share on other sites More sharing options...
charon Posted March 10, 2020 Share Posted March 10, 2020 Most of our price is in tax and vat. So negligible difference. Might see another 5p drop but that's it. 0 Quote Link to comment Share on other sites More sharing options...
D.A.F.C Posted March 10, 2020 Share Posted March 10, 2020 GONNAE CRASHBORDER BETWEEN IRELAND AND ENGLAND 1 Quote Link to comment Share on other sites More sharing options...
Theroadlesstravelled Posted March 10, 2020 Share Posted March 10, 2020 f**k Aberdeen. No voting c***s. -1 Quote Link to comment Share on other sites More sharing options...
coprolite Posted March 11, 2020 Share Posted March 11, 2020 2 hours ago, tarapoa said: The long game could benefit us. Saudi wants to squeeze Russia - but Russia could sit it out, and force some of the American shale brigade out of business. After the virus stuff is gone, maybe a few American outfits will have gone too - leading to a bounce back to a more attractive price than the $60 mean of recent times, and decent prosperity for the North Sea and its marginal fields. That will require cashflow to see some through the next few months and there will be victims in the supply chain though, which will clearly please Boostin’ Kev for reasons best known to himself. I thought it was Russia boosting production to make US shale uneconomical? 45 minutes ago, Theroadlesstravelled said: f**k Aberdeen. No voting c***s. I thought the independence masterplan was funded by the oil? 0 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted March 11, 2020 Share Posted March 11, 2020 This is shite news.... again. 1 Quote Link to comment Share on other sites More sharing options...
coprolite Posted March 11, 2020 Share Posted March 11, 2020 12 minutes ago, johnnydun said: This is shite news.... again. It's ok, only Aberdeen's affected, apparently. 1 Quote Link to comment Share on other sites More sharing options...
Tony Ferrino Posted March 11, 2020 Share Posted March 11, 2020 Need to buy some oil. Is this the place 0 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted March 11, 2020 Share Posted March 11, 2020 Just now, coprolite said: It's ok, only Aberdeen's affected, apparently. Ignorant as f**k eh? c**t won't be laughing once they shut down Hunterston B. 0 Quote Link to comment Share on other sites More sharing options...
Theroadlesstravelled Posted March 11, 2020 Share Posted March 11, 2020 f**k oil and being tied to the whims of petrol station gimp countries like Russia and Saudi Arabia. Mon renewable energy. 1 Quote Link to comment Share on other sites More sharing options...
philpy Posted March 11, 2020 Share Posted March 11, 2020 GONNAE CRASH CHOPPER DYES HIS PUBES GINGER 0 Quote Link to comment Share on other sites More sharing options...
coprolite Posted March 11, 2020 Share Posted March 11, 2020 4 hours ago, Geez a Braco said: There's various strands and grades of idiot that are allowed on here. If you actually believe this you break all levels of idiot tape available. There's folk the live in Scotland and possible post on here who think the SNP make oil projections! Absolute madness on stilts. This may or may not be a good point. Unfortunately i have no idea what you are on about. 4 Quote Link to comment Share on other sites More sharing options...
coprolite Posted March 11, 2020 Share Posted March 11, 2020 5 hours ago, Geez a Braco said: There's various strands and grades of idiot that are allowed on here. If you actually believe this you break all levels of idiot tape available. There's folk the live in Scotland and possible post on here who think the SNP make oil projections! Absolute madness on stilts. Tell it to the fiscal comission working group 9.01: Overview - Macroeconomic Framework of an Independent Scotland Monetary Policy Formal monetary union with UK, with Bank of England (the Bank) as central bank. Ownership and governance of the Bank undertaken on an explicit shared basis, reflecting Scotland's current implicit share of existing assets. Monetary policy set according to economic conditions across Sterling Zone. The Scottish Government to input into appointment process to key positions within Bank of England (for example, MPC and FPC), its remit and objectives. Representative from Scottish Treasury attends MPC meetings in similar capacity to existing HM Treasury representative (i.e. in a non-voting capacity). Matters of collective decision making on governance addressed within an overarching agreement between both governments. An institutional arrangement, a 'Macroeconomic Governance Committee', to be established. Financial Stability Objective of the Scottish Government must be to promote financial stability and ensure that tax-payers are never again forced to step-in and bail-out private institutions. The proposition centres on two key aspects of financial stability from a macroeconomic perspective - Supervision and Oversight; and Crisis Management, Resolution and Deposit Guarantee. Supervision and Oversight Scotland to establish one (or more) independent competent authorities to oversee financial regulation. Given the close linkages between macroeconomic stability and financial stability, key elements of prudential regulation (micro and macro) to be discharged on a consistent basis across the Sterling Zone. Other areas of financial regulation (i.e. non-prudential elements), such as consumer protection, form a linked, though distinct, aspect of the regulatory environment. These could be discharged in Scotland, however a degree of consistency across the Sterling Zone is likely to be desirable, given the integrated financial services sector and links to prudential regulation. Crisis Management, Resolution and Deposit Guarantee Financial crises require close coordination of monetary, fiscal and macroprudential policy. Issues of financial stability - including lender of last resort facilities for financial institutions - and crisis management to be coordinated on a pan-Sterling Zone basis. If and when any input was required from a fiscal authority - for example an indemnity - this could be coordinated through the 'Macroeconomic Governance Committee'. This could be discharged by both governments in accordance with the shareholder framework set out above. Fiscal Policy Fiscal policy (along with other economic policies such as regulation) provides the principle new levers to grow the economy and to tackle key challenges in Scottish society. Negotiation of fair and equitable share of UK public sector liabilities and assets. A transitional arrangement whereby outstanding debt was gradually transferred to both governments would be a sensible and efficient solution. To promote stability within the proposed monetary union, there is merit in devising a 'fiscal sustainability agreement'. This should cover both governments and be credible. This would not cover individual taxes and/or spending but overall net borrowing and debt. This would provide the flexibility to develop policies to promote growth and maintain economic performance. Given the importance of oil and gas revenues, a stability fund should be established, with the government planning budgets on a cautious estimate for oil revenues and then investing any upside variability in a fund to guard against future unexpected falls in revenue or asymmetric shocks. Fiscal Commission to be established, with an advisory role. The Scottish Government should establish an independent Scottish Monetary Institute and would be responsible for setting its remit. This Institute could take responsibility for a number of key functions, which it could undertake independently, including research, monitoring developments in the financial sector and data collection. It would work closely with the Bank. Merit in placing key macroeconomic functions, such as designated financial regulator, in such an independent body. Would also be a key focal point and reporting body for EU-wide institutions and structures and other international organisations. 0 Quote Link to comment Share on other sites More sharing options...
jamamafegan Posted March 11, 2020 Share Posted March 11, 2020 ANOTHER GAY MAN 2 Quote Link to comment Share on other sites More sharing options...
gannonball Posted March 11, 2020 Share Posted March 11, 2020 (edited) 1 hour ago, coprolite said: Tell it to the fiscal comission working group 9.01: Overview - Macroeconomic Framework of an Independent Scotland Monetary Policy Formal monetary union with UK, with Bank of England (the Bank) as central bank. Ownership and governance of the Bank undertaken on an explicit shared basis, reflecting Scotland's current implicit share of existing assets. Monetary policy set according to economic conditions across Sterling Zone. The Scottish Government to input into appointment process to key positions within Bank of England (for example, MPC and FPC), its remit and objectives. Representative from Scottish Treasury attends MPC meetings in similar capacity to existing HM Treasury representative (i.e. in a non-voting capacity). Matters of collective decision making on governance addressed within an overarching agreement between both governments. An institutional arrangement, a 'Macroeconomic Governance Committee', to be established. Financial Stability Objective of the Scottish Government must be to promote financial stability and ensure that tax-payers are never again forced to step-in and bail-out private institutions. The proposition centres on two key aspects of financial stability from a macroeconomic perspective - Supervision and Oversight; and Crisis Management, Resolution and Deposit Guarantee. Supervision and Oversight Scotland to establish one (or more) independent competent authorities to oversee financial regulation. Given the close linkages between macroeconomic stability and financial stability, key elements of prudential regulation (micro and macro) to be discharged on a consistent basis across the Sterling Zone. Other areas of financial regulation (i.e. non-prudential elements), such as consumer protection, form a linked, though distinct, aspect of the regulatory environment. These could be discharged in Scotland, however a degree of consistency across the Sterling Zone is likely to be desirable, given the integrated financial services sector and links to prudential regulation. Crisis Management, Resolution and Deposit Guarantee Financial crises require close coordination of monetary, fiscal and macroprudential policy. Issues of financial stability - including lender of last resort facilities for financial institutions - and crisis management to be coordinated on a pan-Sterling Zone basis. If and when any input was required from a fiscal authority - for example an indemnity - this could be coordinated through the 'Macroeconomic Governance Committee'. This could be discharged by both governments in accordance with the shareholder framework set out above. Fiscal Policy Fiscal policy (along with other economic policies such as regulation) provides the principle new levers to grow the economy and to tackle key challenges in Scottish society. Negotiation of fair and equitable share of UK public sector liabilities and assets. A transitional arrangement whereby outstanding debt was gradually transferred to both governments would be a sensible and efficient solution. To promote stability within the proposed monetary union, there is merit in devising a 'fiscal sustainability agreement'. This should cover both governments and be credible. This would not cover individual taxes and/or spending but overall net borrowing and debt. This would provide the flexibility to develop policies to promote growth and maintain economic performance. Given the importance of oil and gas revenues, a stability fund should be established, with the government planning budgets on a cautious estimate for oil revenues and then investing any upside variability in a fund to guard against future unexpected falls in revenue or asymmetric shocks. Fiscal Commission to be established, with an advisory role. The Scottish Government should establish an independent Scottish Monetary Institute and would be responsible for setting its remit. This Institute could take responsibility for a number of key functions, which it could undertake independently, including research, monitoring developments in the financial sector and data collection. It would work closely with the Bank. Merit in placing key macroeconomic functions, such as designated financial regulator, in such an independent body. Would also be a key focal point and reporting body for EU-wide institutions and structures and other international organisations. I only see one bullet point regarding oil revenue? Which says its to budget on a low oil price? Not exactly a masterplan funded by oil. Edited March 11, 2020 by gannonball 0 Quote Link to comment Share on other sites More sharing options...
tree house tam Posted March 11, 2020 Share Posted March 11, 2020 I hope Deefiant has scammed enough to cover his forthcoming hardship. 0 Quote Link to comment Share on other sites More sharing options...
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