Reynard Posted December 9, 2014 Share Posted December 9, 2014 Is it 2016 already?? The one year forecast is $72 a barrel, have you got better intel than that? Still a mere $40 a barrel off El Gordo's "worst case scenario" . I'm sure the SNP didn't base their figures on total bullshit after all.. Link to comment Share on other sites More sharing options...
doulikefish Posted December 9, 2014 Share Posted December 9, 2014 The one year forecast is $72 a barrel, have you got better intel than that? Still a mere $40 a barrel off El Gordo's "worst case scenario" . I'm sure the SNP didn't base their figures on total bullshit after all.. So whats going on then?A resource thats running out should go up in price? Maybe its got something to do with russia and iran?? ps The last bit is a massive clue Link to comment Share on other sites More sharing options...
Reynard Posted December 9, 2014 Share Posted December 9, 2014 So whats going on then?A resource thats running out should go up in price? Maybe its got something to do with russia and iran?? ps The last bit is a massive clue Supply and demand. The world is bringing out more than it actually needs and the price drops. Fairly basic stuff really. Someone should introduce Scottish nationalists to how economics actually works. But this wasn't exactly a surprise as virtually everyone agreed that the SNP were talking shit as usual and had based their economic figures on pure fiction. I believe anyone daring to question these figures was written off as a scaremongerer, or if it was an institution they were written off as Westminster puppets or Toreeeeesssss. Thankfully the vast majority of Scots just quietly knifed the noisy, economically illiterate nats in the polling booths. Link to comment Share on other sites More sharing options...
doulikefish Posted December 9, 2014 Share Posted December 9, 2014 Supply and demand. The world is bringing out more than it actually needs and the price drops. Fairly basic stuff really. Someone should introduce Scottish nationalists to how economics actually works. But this wasn't exactly a surprise as virtually everyone agreed that the SNP were talking shit as usual and had based their economic figures on pure fiction. I believe anyone daring to question these figures was written off as a scaremongerer, or if it was an institution they were written off as Westminster puppets or Toreeeeesssss. Thankfully the vast majority of Scots just quietly knifed the noisy, economically illiterate nats in the polling booths. Smashing Link to comment Share on other sites More sharing options...
strichener Posted December 9, 2014 Share Posted December 9, 2014 The one year forecast is $72 a barrel, have you got better intel than that? Still a mere $40 a barrel off El Gordo's "worst case scenario" . I'm sure the SNP didn't base their figures on total bullshit after all.. Why don't you use an equivalent scenario? What was the forward price for Brent Crude delivery for November 2014 in August 2012? I will give you a clue - it certainly wasn't $66. Saudi is intentionally allowing production to remain high to supress the price and make the US shale and Canadian tar sands un-economic. Your understanding of economics is so flawed that you couldn't teach primary school children how to look after their pocket money. Link to comment Share on other sites More sharing options...
Double Jack D Posted December 9, 2014 Share Posted December 9, 2014 Per capita, and removing oil and gas, the Scottish economy is pretty much equal to the UK economy. Oil is a bonus to the Scottish economy, an asset which should belong to the people of Scotland and be managed on their behalf. Oil will pay for everything was never a claim of any faction of the yes campaign and not a significant reason for the vast majority of yes voters. Anyway lets get on with holding the economically literate UK government to account who are currently spending £3k per second more than we earn, in addition to the debt equivalent to £100k for every family in the UK. Link to comment Share on other sites More sharing options...
RedRob72 Posted December 9, 2014 Share Posted December 9, 2014 Oil is such a burden for Scotland that the establishment don't want us to have full control over it. You know... because they're just such a lovely bunch keeping this "liability" out of Scotlands hands. Hi ya Comedious Hi ya Pal! You were doing well, but just couldn't leave alone could ya? Link to comment Share on other sites More sharing options...
RedRob72 Posted December 9, 2014 Share Posted December 9, 2014 Change your patter mate, you're boring. Mmmm not sure now, Comedious probably wouldn't have said that, please can you post some more stuff? Cheers Rob Link to comment Share on other sites More sharing options...
Tubbs Posted December 9, 2014 Share Posted December 9, 2014 Per capita, and removing oil and gas, the Scottish economy is pretty much equal to the UK economy. Oil is a bonus to the Scottish economy, an asset which should belong to the people of Scotland and be managed on their behalf. Oil will pay for everything was never a claim of any faction of the yes campaign and not a significant reason for the vast majority of yes voters. Anyway lets get on with holding the economically literate UK government to account who are currently spending £3k per second more than we earn, in addition to the debt equivalent to £100k for every family in the UK. The 'plan' for iScot was to also to run at a deficit I believe, the big selling point was just that it would be less a deficit than UK and even that was based on everything re the economy and the iScot being delivered on plan. Link to comment Share on other sites More sharing options...
Gronie Posted December 9, 2014 Share Posted December 9, 2014 The 'plan' for iScot was to also to run at a deficit I believe, the big selling point was just that it would be less a deficit than UK and even that was based on everything re the economy and the iScot being delivered on plan. I think you'll find everything is based on the economy champ. The "tough choices" were outlined: - To ditch the troughing politicians - To stop paying for Trident - To run an ethical foreign policy Thousands of millions of pounds per annum. Link to comment Share on other sites More sharing options...
Reynard Posted December 10, 2014 Share Posted December 10, 2014 http://www.economist.com/news/leaders/21635472-economics-oil-have-changed-some-businesses-will-go-bust-market-will-be Link to comment Share on other sites More sharing options...
Tubbs Posted December 13, 2014 Share Posted December 13, 2014 http://www.dailyrecord.co.uk/news/scottish-news/oil-prices-plummet-leading-academic-4800452 Interesting. Link to comment Share on other sites More sharing options...
Thistle_do_nicely Posted December 13, 2014 Share Posted December 13, 2014 I may be missing something here, but isn't it a little short-sighted to fixate on the current/immediate price of oil? Link to comment Share on other sites More sharing options...
HaikuHibee Posted December 13, 2014 Share Posted December 13, 2014 http://www.dailyrecord.co.uk/news/scottish-news/oil-prices-plummet-leading-academic-4800452 Interesting. Is there a new ref? Record finds economist! Agrees with Record. Link to comment Share on other sites More sharing options...
HaikuHibee Posted December 13, 2014 Share Posted December 13, 2014 http://www.economist.com/news/leaders/21635472-economics-oil-have-changed-some-businesses-will-go-bust-market-will-be the overdue implosion of Vladimir Putin’s kleptocracy would send the price soaring My word, they're fucked. Public school boys playing war. That mag is insane. Link to comment Share on other sites More sharing options...
Reynard Posted January 13, 2015 Share Posted January 13, 2015 Brent crude at $47.43 at close of play yesterday. Salmond was pricing his economic plans at a "pessimistic" $113 a barrel. But his more optimistic scenario was for £150 a barrel. The one year forecast just now is $52 a barrel. oh dear Link to comment Share on other sites More sharing options...
Reynard Posted January 13, 2015 Share Posted January 13, 2015 http://www.telegraph.co.uk/finance/newsbysector/energy/11341056/Tullow-Oil-to-cut-jobs-as-North-Sea-braces-for-investment-slump.html Any of the socialists in the nat clown collective calling for tax cuts for "big oil" companies? Just wondering. Link to comment Share on other sites More sharing options...
Ya Bezzer! Posted January 13, 2015 Share Posted January 13, 2015 This shocking and unexpected news that the price of oil is manipulated for economic and political reasons by the world's major powers resulting in a commodity who's price can fall as well as rise has certainly opened my eyes. Furthermore in the light of these revelations I'd expect Nigeria to renounce it's independence in the coming days and Jacob Rees-Mogg to be appointed Governor-General. Link to comment Share on other sites More sharing options...
LinkinFighter Posted January 13, 2015 Share Posted January 13, 2015 Its getting boring now Link to comment Share on other sites More sharing options...
Reynard Posted January 13, 2015 Share Posted January 13, 2015 Any socialists calling for tax cuts for the evil oil companies operating in the north sea? The SNP are. Link to comment Share on other sites More sharing options...
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