Oil

[piratelassie]

Why do some people think that Scotland's finances are so dependent on oil. Oil is a fantastic comodity for any country to own. Admittidly the high prices may be over but at $60 a barrel, would be a tidy sum in Scotland's coffers. Incidently oil has always been a bonus.

[sids]

My bonus was money, this year.

[davth]

In order for us to take $60 bbl into the "coffers" the oil price would need to be at something considerably more than current levels.

[rob murray]

In order for us to take $60 bbl into the "coffers" the oil price would need to be at something considerably more than current levels.

Yep oil leaders now accept a price of 60 / 65 dollars....top line for the fore seeable future, from that price comes off the operating costs...hence the direve to crate operating effeciencie .....so not a hill of beans left for tax revenues eh !

[piratelassie]

The way whisky is selling we could live on that revenue alone.

[golach]

The way whisky is selling we could live on that revenue alone.

All whisky sold for export is sold duty free, therefore no revenue such as the revenue on oil. So if you get independence (God forbid) England will be laughing, they will be buying all their whisky duty free.
90% or more of the Scotch Whisky industry is foreign owned, mostly Japan, USA and France, guess where the profits end up.

[BetterTogether]

The way whisky is selling we could live on that revenue alone.

Just like Oil, whisky sales are down oops guess that doesn't make you quite so happy !

[linnie612]

The way whisky is selling we could live on that revenue alone.

I would suggest a fair amount of this is being consumed when you write some of these daft posts!

[BetterTogether]

Why do some people think that Scotland's finances are so dependent on oil. Oil is a fantastic comodity for any country to own. Admittidly the high prices may be over but at $60 a barrel, would be a tidy sum in Scotland's coffers. Incidently oil has always been a bonus.

It's probably down to SNP forgetting then Oil Industry is one of Scotland 3 major industries.

No ones ever claimed Scotland is dependent on Oil Revenue but by the way SNP supporters wailed and moaned about it you'd think it was a major economic issue.

I'm now reassured that it's no more than a Bonus and you won't have to join in future discussions on the subject.

[rob murray]

It's probably down to SNP forgetting then Oil Industry is one of Scotland 3 major industries.

No ones ever claimed Scotland is dependent on Oil Revenue but by the way SNP supporters wailed and moaned about it you'd think it was a major economic issue.

I'm now reassured that it's no more than a Bonus and you won't have to join in future discussions on the subject.

Not wholly dependant on oil.....but it is a major economic contributor...........a very good additional economic bonus....Aberdeen and the east coast without oil....would be like Caithness if there was no Dounreay

[rob murray]

Why do some people think that Scotland's finances are so dependent on oil. Oil is a fantastic comodity for any country to own. Admittidly the high prices may be over but at $60 a barrel, would be a tidy sum in Scotland's coffers. Incidently oil has always been a bonus.

You are in denial.....they are, "we" dont own oil and at 60 /65 dollars the tax take will be a hell of a lot less than at higher prices eg 110 dollars a barre,l which blows apart scottish government sums re FFA and tax revenues, killed stone dead . Of course oil has always been a bonus...no oil = no oil jobs so yes your spot on, from that point of view oil is a bonus...and we would have been snookered without it, can you imagine Aberdeen and the east coast from Fraserburgh down to Montrose if there was no oil.... Key facts : see http://www.oilandgasuk.co.uk/employment.cfm

• The industry provides employment for around 440,000 people across the whole country:
  
  • The exploration for and extraction of oil and gas from the UKCS accounts for around 340,000 of these, comprising:
    
    • 32,000 directly employed by oil and gas companies and their major contractors
    • 207,000 within the wider supply chain
    • 100,000 jobs supported by the economic activity induced by employees’ spending.
  • In addition, a thriving exports business is estimated to support a further 100,000 jobs.
• Whilst the oil and gas industry provides work across the whole of the UK, Scotland benefits the most with 45% of jobs. 21% are in South East England, 6% in North West England, 5% in West Midlands and 5% in Eastern England.

[piratelassie]

45% of jobs, I should damn well think so, It should have been 100% of jobs.

You are in denial.....they are, "we" dont own oil and at 60 /65 dollars the tax take will be a hell of a lot less than at higher prices eg 110 dollars a barre,l which blows apart scottish government sums re FFA and tax revenues, killed stone dead . Of course oil has always been a bonus...no oil = no oil jobs so yes your spot on, from that point of view oil is a bonus...and we would have been snookered without it, can you imagine Aberdeen and the east coast from Fraserburgh down to Montrose if there was no oil.... Key facts : see http://www.oilandgasuk.co.uk/employment.cfm

• The industry provides employment for around 440,000 people across the whole country:
  
  • The exploration for and extraction of oil and gas from the UKCS accounts for around 340,000 of these, comprising:
    
    • 32,000 directly employed by oil and gas companies and their major contractors
    • 207,000 within the wider supply chain
    • 100,000 jobs supported by the economic activity induced by employees’ spending.
  • In addition, a thriving exports business is estimated to support a further 100,000 jobs.
• Whilst the oil and gas industry provides work across the whole of the UK, Scotland benefits the most with 45% of jobs. 21% are in South East England, 6% in North West England, 5% in West Midlands and 5% in Eastern England.

[davth]

45% of jobs, I should damn well think so, It should have been 100% of jobs.

Interesting point.
You think that only scots should be employed in the oil industry?
What about the Southern Sector assets?
With that racist attitude there would have been no oil industry in Scotland.

[BetterTogether]

45% of jobs, I should damn well think so, It should have been 100% of jobs.

I'm sure that would go down well with the transnational companies who employ them.

Sounds like some kind of apartheid you want.

[sids]

I'm sure that would go down well with the transnational companies who employ them.

Sounds like some kind of apartheid you want.

In the Balkans, they called it ethnic cleansing.

[piratelassie]

Again the point I'm making, if it needs explaining, is that Scotland's Oil revenue should and could be going to Edinburgh. Who is emoloyed offshore as far as I am concerned can be 100% English as long as the tax money comes to Scotland.

In the Balkans, they called it ethnic cleansing.

[davth]

I'm sure that would go down well with the transnational companies who employ them.

Sounds like some kind of apartheid you want.

I am looking forward o racistlassie's defence on this one

[davth]

45% of jobs, I should damn well think so, It should have been 100% of jobs.

that's not what you said here, piratelassie

[rob murray]

45% of jobs, I should damn well think so, It should have been 100% of jobs.

A bit of common sense here...when oil was discovered in the North sea no British and certainly no scottish companies had all the expertise required to extract the hyro carbons off shore......so how did "we" get the stuff out...well lets guess that people / companies outwith with the UK with expertise got involved....The first oil was brought ashore by an American company, Hamilton, in 1975.

[davth]

Well I guess, outsiders would be OK.
But only if they have Scottish heritage and certainly no English blood in them!!