Thread: Scotland's independence nudges ever nearer

Not long now lads.

Oil and gas may last just 17 years

2:39pm Tuesday 11th October 2011


The UK could exhaust its oil and gas reserves in just 17 years if production continues at its current rate, according to new figures.
Oil & Gas UK's 2011 economic report revealed there could be as little as 14 billion barrels of oil and gas left off the UK continental shelf.
Around 810 million barrels were extracted last year, 2.2 million barrels a day, meaning reserves could hypothetically be exhausted in 17 years.
The most optimistic estimate puts reserves at 24 billion barrels, which would last around 30 years at the present rate of production. However, the report states that these reserves would require "radical" new technical and commercial innovations to extract.
Production was down 6.5% last year compared with 2009, and could slow to around half a million barrels a day by 2021.
Oil & Gas UK chief executive Malcolm Webb said the industry has the potential to continue to provide jobs, tax revenues and support for the balance of trade and energy supplies for several decades to come.
He added: "We believe that up to 24 billion boe (barrels of oil and gas equivalent) remain to be produced here. The forecasts prepared at the start of 2011 showed that investment to develop these was set to increase dramatically to £8 billion this year and be sustained at that rate for the next five years. Our calculations show that if the investment planned then were realised, over 40% of our primary energy demand (or 60% of oil and gas demand) could still be satisfied from these resources in 2020."
Some 40 billion barrels of oil have already been extracted from UK waters, amounting to between 62% and 74% of the UK's total reserves based on the current estimates.
However, SNP Westminster energy spokesman Mike Weir said there is still as much oil left off UK shores as has already been extracted.
Mr Weir said: "The oil and gas industry continues to be a vital part of our economy and clearly there continues to be a long-term future for the industry, with as much oil left around our shores as has already been extracted. Unfortunately, the present UK Government has seen fit to damage the prospects of the present industry by sudden tax changes and the future industry by its watering down of attempts to create a greener economy."

Link

Pleased for the Scots,shame no one wants your currency.

The Scots already have their own currency.

<insert joke here>

Stick another few feet on the top of that wall and lock the skirt wearing ginger fuckers out for good.

Dreams are what sleeping is for..................

Stay together! Be strong, don't give in to the Germans again.

As a Scot I can't wait for independence, that way I can live and prosper in England without ever having to endure a Labour government ever again, and pop back to the auld country for a cheap holiday in a drugs and alcohol infested developing country.

Will independent Scotland be applying to join the European Union then ?

As an Englishman I can't wait to get rid of those pouncing Scottish peasants we'll save our selves a fortune happy days.

Originally Posted by CaptainNemo

As a Scot I can't wait for independence, that way I can live and prosper in England without ever having to endure a Labour government ever again, and pop back to the auld country for a cheap holiday in a drugs and alcohol infested developing country.

Don't forget to pay back some of your debts first.
£37bn

does that include the Queen losing her
benifit housing allowance in Scotland.
just cannae see Scotland going solo.
and if it did
would it be President Salmon,
running the show ?


bag-pipe dream.

How do you solve a problem like Scotland ?

^ Cut the fuckers adrift and sail em' off into the North Sea. Good riddance.

Originally Posted by daveboy

How do you solve a problem like Scotland ?

Spain 1 Scotland 0 after 6 mins.

what's wrong with Scotland ? isn't it a lovely country ?

Originally Posted by daveboy

How do you solve a problem like Scotland ?

Nuke England.

Originally Posted by Butterfly

what's wrong with Scotland ? isn't it a lovely country ?

It's full of ginger sheep shaggers wearing skirts !

^ a country who hate the English surely can't be that wrong,

I like Scots actually- well most of them. Down to earth.
But if Scotland spins off from the UK, so bluddy what?
Perhaps you might take the Welsh, while you're at it.

Originally Posted by superman

but it is unfortunately full of racist (anti English) Scots

We used to hate you bastards coming up from the south with yer fancy accents and shagging our girls but then realised you were only getting the hairy marys, you English really have no class after all

Originally Posted by Kurgen

Stick another few feet on the top of that wall and lock the skirt wearing ginger fuckers out for good

Then who are you going to use for social/tax experiments? remember the poll tax???

Every rational economist and sane Scot knows the same thing (and I have discussed this at length with several sane, intelligent Scot's). If Scotland spins off, it will end up poorer, and the rest of the UK neutral to richer.

Nationalistic Pride has it's price, and it is totally up to the Scot's if they are willing to pay that price. Seems a dumb idea to me frankly, but what would I know- I'm not Scottish. To state the obvious, you are not a Nato Shill state (eg Kosovo)- you will have to stand on your own feet, economically, financially, and socially. Good luck with that. You might consider getting an Accountant to work out how many wealth producing assets the Scot's actually own.

Originally Posted by sabang

(and I have discussed this at length with several sane, intelligent Scot's).

I smell a porkie here.








Bet they were still drunks though.