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originally posted by: oldcarpy
a reply to: sapien82
No idea. If they were yours you should have looked after them a bit better, perhaps?
originally posted by: oldcarpy
a reply to: ScepticScot
Sounds like a plan? Good luck.
By a Chinese state owned exploration company. Not just us thieving English making free with your natural resources...
All Oil pumped directly onto tankers is not even classed as part of Scotlands GDP because it never touched our shore.
originally posted by: Soloprotocol
a reply to: oldcarpy
Yeah, I know, it's the Daily Mail but do have fun. Remember "fun"?
Yip, You said it, Daily Fail. File under Pish.
originally posted by: Soloprotocol
a reply to: oldcarpy
Never heard of International waters either?.
originally posted by: oldcarpy
a reply to: sapien82
Marine Scotland: Information
OK, you can have any oil out to 12 miles then.
He says: "I don't think London should be under the assumption they automatically have the median line they should not even have to negotiate it. I think that would be a serious mistake because Scotland could ultimately bring this to the international court of justice and perhaps prevail there with a different line."
"Although lawyers could have a long debate about it, in terms of economics, it does not make all that much difference." If Scotland were to get a "geographical share" based on the median line it would mean about 90% of the UK's oil resources would be under Scottish jurisdiction.
According to research by Prof Kemp, in 2010 the Scottish share of total oil production in the UKCS was more than 95% while for gas it was 58%. The Scottish share of total hydrocarbon production (including NGLs) was 80%. The Scottish tax share exceeded 90%. This reflects the much higher value of oil compared to gas. No discussion has yet taken place between the UK and Scottish governments on the detail of what would happen to oil revenues.