Aberdeen Bail Out

[retrocop]

Where was Salmond tonight on the ITV news boasting that Scotland could go it alone without England and rely purely on North Sea oil to finance it's future. That was his argument for Scotland to leave the Union.
Westminster has to bail out Aberden now with £Millions.
At least Corbyn is good for the Tories and England but Salmond et al are a disaster for Scotland as we now see with the slump in oil prices.





http://www.itv.com/news/2016-01-28/ex-oil-workers-left-using-food-banks-in-aberdeen/

[vetuste_ennemi]

People like me who have invested quite a bit in Shell and Petrofac will have noticed that the oil price has fallen - quite fast - quite a lot.
The best evidence of Salmond's financial literacy to date is his five million dollar donation to Trump's presidency campaign.

[sandyRoe]

I never knew he had such deep pockets.

[vetuste_ennemi]

Don't know the deal Salmond and Trump had, then?

[sandyRoe]

He has feet of clay, not the sea-green incorruptible I'd imagined him to be?

[vetuste_ennemi]

One of a few on AB who can quote Daniel.

[sandyRoe]

And Carlyle in the same sentence. I try to give value. :-))

[vetuste_ennemi]

Lion's den. Mad not, shag not and to bed I go. Can't get Walton's Belshazzar'sFeast into this.
The writing'son the wall.

[vetuste_ennemi]

Not for the first time have I been educated by a person who has traded his Christian birthright for a mess of pottage.
Bookmarked the Carlyle comments. Previous knowledge based on Burke And De Tocqueville

[vetuste_ennemi]

Only one T in potage in AV.

[sandyRoe]

Mad not, shag not and to bed I go. Cunning punning.
I tip my hat to you.

[THECORBYLOON]

VETUSTE do you have a link for this "deal" with Trump?

[ichkeria]

The price of oil is a huge red herring via a via Scortish independence.
And I am no supporter of that

[Quizmonster]

Were Scotland to become an independent EU country, there would be 13 countries in that union with a population below 6 million. The other twelve seem to be trundling along quite happily, though virtually none of them have any North Sea oil at all!
Everyone with any sense knows that oil is a product whose price can fluctuate wildly, especially when it becomes a weapon used by the major producers. We've been here before and an upturn has generally followed.

The greatest mistake with Britain and North Sea oil was the Tories' utter failure to do anything about setting up a specific oil fund - as Norway did - when oil-finds really began in 1970 with Heath as Prime Minister. Now, Norway is wallowing in wealth and we're struggling.

[youngmafbog]

All the Tories fault then. What was stopping labour setting one ip during their tenures since 1970.?

[mushroom25]

//Were Scotland to become an independent EU country, there would be 13 countries in that union with a population below 6 million. The other twelve seem to be trundling along quite happily, though virtually none of them have any North Sea oil at all! //

no, but they do have gold reserves to back their share of the euro (or their own currency) - scotland has none, Mr Brown sold it.

[ToraToraTora]

but they don't own the north sea! Even if they did relying on what is likely to be highly volatile oil prices is a bit silly.

[CrapAtCryptics]

I can quote Daniel
"Daniel is travelling tonight on a plane
I can see the red tail lights heading for Spain
Oh and I can see Daniel waving goodbye
God it looks like Daniel, must be the clouds in my eyes"

[ToraToraTora]

QM that may be true but if we set up a fund it would have been plundered anyway to pay for all the WSS, EU, imigrants, foreign aid, etc etc. Put it in a jar by all means but you cannot say that jar won't get raided. Norway have been prudent but also fortunate that national demands have not forced them to dip into their pot.

[ichkeria]

"Everyone with any sense knows that oil is a product whose price can fluctuate wildly, especially when it becomes a weapon used by the major producers. We've been here before and an upturn has generally followed. "

Not sure history bears that out QM: a general view is that low oil prices will be with us for many years. It still is not relevant to the Scottish Independence question though.

[steg]

Don't think any one has suggested that Scotland could survive on oil alone.

According to your link
Westminster is bailing out the oil industry(not Aberdeen) with £250 million ( should keep them with shares in the oil company's happy)

The Scottish government is investing £254 million in Aberdeens infrastructure (which will be good for Aberdeen )