Originally posted by jrmcleod
reply to post by tdk84
I'd just like to chime in here regarding oil. I work in Aberdeen and its probably the only place in the UK thathasnt been affected by the recession,
and i mean hasnt. There is so much money in this city its crazy.
A recent study by the University of Aberdeen has found that there is more oil still in the ground than has been removed in total in Scottish Waters.
The oil inductry isnt going away for a long time. If it were, Taqa and otther major players wouldnt be investing more and more in Aberdeen and the
Sure, lots of money but its a dwindling resource. They state oil and gas production are currently falling fast - 17% last year alone. I'd assume to
counter this argument though that the price of oil has been souring so I guess in the short term things will be balanced.
The question is, is there enough oil to pay debt (81 billion), get the economy going again, cover current expenditures, and finally fund expensive
economical infrastructure changes & planning. Risky business keeping your eggs in one basket.
Regards the debt, a simple solution would be to take the proportion and repay it at the bare minimum allowed, if that takes 10,000,000 years to
pay it back, then well, who cares?
Interesting idea but say bye bye to AAA ratings. We currently enjoy exceptionally low bond yields. That wont happen for an independent Scotland
especially one so dependent on dwindling Black Gold.
That also gives an interesting point to debt... Scotland's proportional 81 billion debt will sky rocket with high loan yields due to different credit
Scotland will get my vote depending on 2 crucial factors...these must be NO answers.
1. Joining the EU - Must be NO
2. Joining the Euro - Must be NO
You might not have a choice, its highly likely Scotland would have to apply as a new accession state, which means you will get your choice. Mr Salmond
thinks differently, but then he got busted with his "enquiries".
Remember there is a lot of funding you could get from joining the EU, but then with the state of the E.U at the moment I guess it would be a while
before they start letting in risky new states as they have done before. Now biting them in the ass.
Not joining the Euro, would mean another massive cost to produce your own. They talked about staying in the sterling... not sure how that would work
or if it could even happen.
I enjoy being part of the UK but i also want a shot at being independant, i hate the UK's foreign policy on "terror" and other religions (which
is what its all about), and i hate the fact that we have Nuclear weapons.
I'm not so sure Scotland will get a majority Yes vote if we are to join Europe, its a sinking ship, whats the point in changing the sinking ship,
Europe or the UK...they will both sink eventually.
You think Scotlands Foreign Policy will be any different? It all comes down to Money and clyde for one has the potential to brings lots.
Even with an independent Scotland you will expect heavy military relations, especially considering the lack of armed forces to begin with. You will
have Scottish regiments like we still have Irish ones.
As mentioned before Scotland is too close to the rest of the UK to be allowed to fail, an independent Scotland will receive help and I guarantee one
of those will be from the MOD. That will lead to certain expectations.
Too much money has be plowed in by Europe and other countries to let it fail now. Expect massive reforms.
edit on 9-1-2013 by tdk84 because:
(no reason given)