Oil To Last 100 Years

North Sea oil will last for 100 years’

The north sea will continue to provide oil for another 100 years, twice as long as previous estimates, according to industry analysts. Dr Richard Pike, a former oil industry consultant and now the chief executive of the Royal Society of Chemistry, said: “Rather than only getting 20 to 30 billion barrels [from the North Sea] we are probably looking at more than twice that amount.” His analysis is supported by petroleum experts who believe there are some 300 fields off the coast of Britain still to be explored and tapped properly. If energy prices continue to soar, companies will become increasingly willing to tap previously uneconomic oil fields. Dr Pike claims that the industry knows the true figures but refuses to release them because of commercial secrecy. A spokesman for UK Oil and Gas, the offshore industry’s trade association, said: “The current estimates are that there are around 25 billion barrels left.”

Denis Healey Speaks

Can Scotland Go It Alone

Maybe a former Chancellor of the Exchequer would be in a position to know if a currency union would be good or bad for rUK…Denis Healey

“I think we would suffer enormously if the income from Scottish oil stopped but if the Scots want it [independence] they should have it and we would just need to adjust but I would think Scotland could survive perfectly well, economically, if it was independent. Yes, I would think so… with the oil.” I ask Healey what he thinks about claims that Scotland is subsidised by the rest of the UK given that Joel Barnett, he of the Barnett formula, was his deputy at the Treasury and worked out what share of the national income pot Scotland should receive. He says Scotland “pays its fair share” and that “these myths” are simply perpetuated by those that oppose independence. On Scotland keeping the pound, he says Scotland would gain but adds that so “would the rest of us” and he doesn’t see why Westminster could say the Scots couldn’t have it.

Independent Scotland would rate a Higher Human Development Index (HDI)

An Independent Scotland would rate a Higher Human Development Index (HDI) than the rest of rUK

The Human Development Index is a composite statistic of life expectancy, education, and income indices used to rank countries into four tiers of human development. A newly independent Scotland would have a better Human Development Index (HDI) than the rest of the UK, even without oil, a leading international finance company has said. A report by Credit Suisse has concluded that on key areas of life expectancy, education, and income a newly independent Scotland would be ranked higher than the rest of the United Kingdom. According to the report’s authors, an independent Scotland would be ranked four places higher than the rUK. The report said:

1. “Scotland would rank 23rd if we include a geographical allocation to Scotland’s GNI [Gross National Income] related to the North Sea oil output, versus the current 27th place for the UK and the hypothetical 30th for rUK. Note that even excluding any allocation of oil output, Scotland would still rank ahead of the UK, but just so.”

2. The Credit Suisse report ‘The Success of Small Countries,’ compared the success of small countries with that of larger nations. It said: “Small countries are more homogeneous and homogeneity plays an important role in determining the success of a country. Cultural, ethnic, religious and linguistic diversity creates a ceiling to the potential size of a country. Homogeneous countries tend to have higher HDI scores. “We also found that small countries are more open to international trade or have embraced globalization to a higher extent than larger countries.” Despite warning that “small countries are more open to international trade or have embraced globalization to a higher extent than larger countries”, the report also said that “small countries are successful and in general better off than bigger countries.”

3. The report also cast doubt on claims that public services in larger countries benefit from ‘pooling resources’ and the ‘economies of scale’.
The authors said: “Our research shows that large countries tend to have higher tax rates for individuals (by 5%). So the cost of funding public services for the individual is higher in larger countries than in small countries.”

4. Speaking on BBC Good Morning Scotland, Michael O’Sullivan from the Credit Suisse Research Institute also explained small countries are one of the “leading geo-political trends of the last fifty years.”

The report and comments were welcomed by SNP Treasury spokesperson Stewart Hosie MP who said the findings highlighted Scotland’s potential to flourish under independence. Commenting, Mr Hosie said: “These comments are very welcome. Using academic data, the report sets out Scotland’s potential and how our development rating would outperform the UK- even without oil- following a Yes vote. “The report also found that smaller countries are better able to ‘effectively’ and ‘cheaply’ deliver public services, and most of the small countries mentioned do not have nearly as many of the resources we have here in Scotland. “This highlights once again that Scotland is perfectly positioned to flourish as an independent nation. We would be able to concentrate on our talents, grow our economy and build a better and fairer society following a Yes vote.”

UK Debt Out of Control

Interest bill on UK’s £1.27 trillion debt to hit £1bn a week

The Uk taxpayer is forking out £1billion every week !!!! yes £1billion a week!!! just to pay off interest on the largest debt of any country in the world, (£1.3 trillion and rising). I hope Scotland goes for plan B but tying the currency to the $US

http://www.telegraph.co.uk/finance/economics/10849333/Interest-bill-on-UKs-1.27-trillion-debt-to-hit-1bn-a-week.html

NHS England Privatisation

NHS England Privatisation, (The Latest Wheeze)

Health Secretary Jeremy Hunt is to introduce a, new class of doctor called, “Physician Associate”. Their training will be complete after 2 years as opposed to the present 7 years and they will attract salaries around £40,000.

The, “Physician Associate” will be allowed to perform a wide range of jobs currently the remit of fully qualified doctors, including diagnosis and treatment.

My previous posts 11311 & 11385 provided information giving warning of the rolling privatisation of the NHS in England. “Bringing the doctors to heel” is crucial to a successful introduction of Private Healthcare Corporations who need to make a, “profit” from their contracts. Both objectives are achieved by the measures indicated. New medics will be flying in from all over the world.

The British Medical Association, (BMA) have expressed concern that mis-diagnosis will become rife leading to more work on the part of more qualified doctors. User body, “Patient Consern” see that the measure is a fantastic way to save money at increased risk to patients.

The process has started. Private Healthcare providers are already moving forward with their recruitment plans, both in the UK and worldwide.

A, “Yes” vote in the referendum will alllow Scot’s to decide the future direction and organisation of healthcare service provision in Scotland. A, “No” vote will place the sick and elderly at the mercy of the prvatisation measures so well advanced in England.

North Sea – Oil and Gas – Ungrateful Scots Should Be On Their Knees Thanking Westminster for Taking Control

 

 

 

 

Oil and Gas the millstone round the neck of Scotland

Unionist political parties ably assisted by the BBC and Unionist press are fermenting despair  in Scotland through a campaign of disinformation seeking to manipulate the minds of Scots to accept that the days of Scottish self sufficiency in oil, gas, and renewable ‘s are numbered in a few years.

Scots will by result remain to be a heavy financial burden on Westminster. They are simply incapable of governing their country since they are not bred to do so.

Westminster Unionist politicians, skilled in the dark arts are lying, much as they have for 300 years so that they will be able to control Scotland dictating all aspects of life within its borders.

Acceptance of the “porkie pies” by Westminster should mean that England has no further need of Scottish waters stolen by subterfuge by Tony Blair and the Labour Government in 1999.

Nicola Sturgeon should at the earliest opportunity require the illegal removal of Scottish Waters by Westminster to be reversed as part of the 2016 Scotland Act.

 

 

Scottish Waters 1987

 

Scottish Waters after the 1999 Theft by the Labour Party

 

 

 

Oil & Gas The Rip Off That is Westminster

A 2014 UK government commissioned report, compiled by an Aberdonian member of the unelected House of Lords stated there were around 24 billion barrels of oil yet to be recovered from the North Sea.

The figure quoted considered recoverable oil in the North Sea block only. It did not include the North Atlantic, West Coast of Scotland or Rockall areas since these are largely unexplored.

Enter the spoiler, “The Clair Field”. First discovered and located in the, “Atlantic Sector” of the, “Continental Shelf” in 1977 it was declared, “off limits for discussion” by the UK government.

Unionist media manipulators then broadcast widely and often, (making full use of the Unionist media and press) that the oil would run down in the 1990’s. Job done. Scotland, “back to sleep” it was thought by the Westminster con-men.

Many years later, in 2003 a license to explore the Clair field was finally granted to BP.  Surprise, surprise, “sweet oil, in excellent quantities flowed freely, and this was only phase 1.

In a recent conference in Houston Texas, not widely reported in the UK press. BP announced a major further major expansion of the, “Clair Field”.  Field development, to date;

Phase 1. Has produced 90 million barrels of oil since operations began in 2005.

Phase 2. is expected to produce reach peak production capacity of 120,000 barrels of oil per day, after operations begin in 2016. And we are addressing only one field.

But here we are again. “Blether Together” politico’s, (largely comprised of discredited time spent old men of Westminster) are now spreading the lie that oil will run-out in 15-20 year’s.

http://www.upi.com/Business_News/Energy-Resources/2013/05/10/Scotland-sees-major-potential-offshore/UPI-29921368180685/?st_rec=85431369909920

 

 

BP, Partners to Develop 3rd Phase of Giant Clair Field (UK)
The Clair Field
 28 March 2013: BP and Partners to Develop 3rd Phase of Giant Clair Field
BP and its co-venturers Shell, Conoco-Phillips and Chevron announced today their decision to proceed with a two-year appraisal programme to look at the possibility of developing a third phase of the giant Clair field (first discovered in 1977),  West of the Shetland Isles
The initial commitment involves a two year programme to drill five appraisal wells. This could increase to between eight and twelve wells, depending on results from these first wells. Drilling of the first well commenced recently.
The objectives of the programme are to provide greater certainty on overall reservoir volumes, including their distribution and fluid characteristics; to evaluate technologies to improve recovery from Greater Clair; and to test the possibility of new stand-alone developments and linkages to Clair Ridge.
Trevor Garlick, Regional President for BP North Sea, said: “This is a major milestone and a further big commitment to the west of Shetland by BP and its co-venturers. If successful, the appraisal programme could pave the way for a third phase of development at Clair – this is now a real possibility.”
Edward Davey, Energy and Climate Change Secretary, said: “This announcement by BP of a two year appraisal programme for the Greater Clair area West of Shetland is excellent news. It shows the industry’s commitment to maximise the potential in this area, which could hold up to 17% of our oil and gas reserves.
 “Greater Clair proves there is still a long future for oil and gas production in the North Sea and will give confidence to new recruits that the industry offers a career for life.”
John Hayes, Energy Minister, said: “Greater Clair is extremely significant as it reinforces West of Shetland as an important area of future oil and gas development. 

“The Government is working extremely hard to ensure the oil and gas industry has the confidence and certainty it needs to invest, providing the UK with a source of energy security and jobs for years to come.”

 

http://www.offshoreenergytoday.com/bp-partners-to-develop-3rd-phase-of-giant-clair-field-uk/

 

Jasmine Field

The Jasmine field lies in blocks 30/6 and 30/7a of the central North Sea

 

Jade Field

The Jasmine field is located near Conoco-Phillips’ Jade and Judy fields.

 

 

 

20 November 2013: First Oil production from the Jasmine field in the UK North Sea

Once on plateau, Jasmine is expected to contribute around 30 000 barrels of oil equivalent per day.

Group Chief Executive Officer Chris Finlayson said “The start-up of production from Jasmine marks the delivery of yet another key 2013 milestone.

“Jasmine is the largest discovery to come on-stream in the North Sea since the giant Buzzard field began production in 2007.  It demonstrates both our world-class exploration performance and our long-term commitment to the North Sea where we believe significant potential remains.”

map

Shetland Gas Fields

 

 

8 February 2016: Total turns on gas from West of Shetland Laggan and Tormore fields

Production has begun at a new gas plant that will bring the vast reserves west of Shetland to the mainland.  The Shetland Gas Plant is expected to provide about 8% of the UK’s (100% of Scotland’s) gas needs.

A flare was lit at the moment gas started flowing to the plant, which will serve the Laggan and Tormore fields.  The two gas fields lie about 125km (77 miles) to the north west of the Shetland Islands. The plant is said to have been the biggest construction project in the UK since the London Olympics.

Total said the Laggan and Tormore fields will produce 90,000 barrels of oil equivalent per day. The gas will be piped to the plant, which lies just to the east of the existing Sullom Voe Terminal, before a pipeline takes it to the UK mainland and into the national gas grid.  Almost 20% of the UK’s remaining oil and gas reserves are thought to lie in the area to the west of Shetland.

The project is part of a massive £3.5bn investment by French company Total. Challenging weather conditions delayed the project by more than a year and added millions to its cost.

Scotland’s Energy Minister Fergus Ewing said: “It is the success of large investment projects such as this which will see the Shetland Islands remain a key hub for oil and gas production in the North Sea

“Production from the North Sea as a whole is now increasing and cost efficiencies are being achieved. The Laggan and Tormore fields, which have a lifespan of 20 years, will provide a further boost North Sea production.”

Shetland MSP Tavish Scott said Total’s announcement showed that the prospects for west of Shetland looked positive despite the “doom and gloom from some about the future of oil and gas”.

http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-35516144

 

Gas plant construction site

The Shetland Gas Plant

 

Scottish Pound Gathers Strength

Hong Kong Money Market Boosts Scottish Independence.

At the time Scotland re-enters the world stage as an independent country, use of sterling will become the subject of debate within the worlds money markets. Retention of Sterling, without a, “lender of last resort” is gaining ground as a preferred option,(mirroring that adopted by a thriving Panama which adopted the $US as it’s currency) given that the Westminster treasury is very heavily over committed, in any event, carrying the heaviest financial deficit in the world.

It is likely the Scottish pound will gain in value against the rUK pound in the financial markets of the world. Anyone possessing Scottish notes, in any volume, would be well placed to make a fair bit of profit. The Chinese plan long term and are apparently ahead of the game.

In a week that has seen Britain discuss the future of sterling and the possible break-up of the United Kingdom, Hong Kong’s money changers have provided an unwitting boost to the Scottish independence movement by offering a separate – and more favourable – rate for Scottish pound notes. Currency exchange company Mega Foreign Exchange listed the Scottish pound in its exchange rates, valuing it higher than the English pound. Yesterday it was offering HK$11.50 for a Scottish pound but HK$11.30 for an English one.

http://www.scmp.com/news/hong-kong/article/1224903/scottish-independence-gets-boost-hong-kongs-money-markets