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Ten Good reasons for Independence
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Jimbo
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PostPosted: Mon Feb 19, 2007 11:21 pm    Post subject: Reply with quote

Scotland's biggest asset is it's people.

A Spanish economist whose name I forget (not that I could probably spell it anyway) reckons Scotland is probably the 6th richest country in Europe with it's natural resources. Not to mention the oil found off the west coast that GB put so much tax on that it prohibits anyone exploring it's potential.

During the 10 years that New Labour have been in power the life expectancy of a man living in the east end of Glasgow has fallen from 68yrs to 59yrs. At this rate we'll be back to a life expectancy worse than in medieval times.

I would not call that progress. New Labour have presided over this disgraceful state of affairs and have the effrontery to tell us we'll be worse off without THEM.

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Screegor
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PostPosted: Tue Feb 20, 2007 12:11 am    Post subject: Reply with quote

Economist wrote:


You certainly make several good points, but perhaps you could point me in the direction where anyone has said - Scotland will be relying on oil for its economic future. I'm not sure anybody has. There certainly is a great deal of revenue left from oil - and that is generally determined by oil prices. This explains the phenomenon of how a recent decline in oil production has been concomitant with a sharp rise in the government revenue derived from it.

Even so, I don't believe anyone has said Scotland will be basing its economic future around what is a volatile resource - let alone its public finances (and the two are very separate things btw).


Well I'm sure I saw some propaganda demonstrating that Scotland's wealth is sufficient to make it prosper once independant. These figures included revenue from the oil indusrty (I am sure one of the people in this forum has links to such information), if this component is removed - then the data would show a very different story (I believe oil is the potentially largest industry or second after whiskey (I can not remember)). Currently the best estimation on date of independance is at the earliest 2010 (or at least from realistic estimates), so if in 2010 the oil reserves have descreased so significantly, then the economics for an indenpendant scotland are questionable.
(Also, the case study Scotland is compared to is also Norway, again a country relying on North Sea oil production as a significant part of its economy.)

I accept the price of oil is likely to increase, but this isn't guarenteed, there is a good chance it will decline over the next 10 years. This would then make most of the North Sea oil completely uneconomical to extract. Ending the North Sea Oil Industry as a major producing Non-OPEC body. This, causing economic problems for Scotland.

(you are welcome to prove me wrong.....)
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Screegor
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PostPosted: Tue Feb 20, 2007 12:24 am    Post subject: Reply with quote

Jimbo wrote:

Scotland is probably the 6th richest country in Europe with it's natural resources. Not to mention the oil found off the west coast that GB put so much tax on that it prohibits anyone exploring it's potential.


I can believe that, Scotland has one of the biggest potential in the world for renewable resources. Scotland should base its future on become a world leader in renewable resources. Let's hope they get that power cable up as soon as possible!!

As for west coast oil - the majortiy is/has been unreachable. The North Sea is incredibly shallow (250 m average depth). Alot of the oil off the west coast has over 1000 m of water depth (I think the only people drilling at that depth are the Brazilians (do we have an expert to confirm this?)).
As for quantities, it has a meer 5% of what is in the North Sea.

As for whether it is being utalised. Yes there are two fields already being tapped.

However I understand the protection orders on some of the areas, as environmentally they are in some of the most sensitive areas of the British Isles.
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IF Convenor
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PostPosted: Tue Feb 20, 2007 12:37 am    Post subject: Reply with quote

Screegor, you're wrong.

I've been in the oil industry for 29 years now.

There is as much oil under the North Sea as has been extracted to date. The price of oil is only going up in the long term, it will never fall significantly below $50/barrel again. In a few years it will be permanently over $100/bbl.

1000m water depth is nothing. We drill in that stuff every day all over the world and there's no special expertise involved. There are some extra problems associated with deep water production, but nothing that isn't well understood.

West coast oil may be only 5% of North Sea oil today, but there is massive potential out there. We're still finding fields in an area as mature as the North Sea so imagine the potential of the largely unexplored west coast.
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Economist
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PostPosted: Tue Feb 20, 2007 9:40 am    Post subject: Reply with quote

Screegor wrote:
Well I'm sure I saw some propaganda demonstrating that Scotland's wealth is sufficient to make it prosper once independant. These figures included revenue from the oil indusrty (I am sure one of the people in this forum has links to such information), if this component is removed - then the data would show a very different story (I believe oil is the potentially largest industry or second after whiskey (I can not remember)). Currently the best estimation on date of independance is at the earliest 2010 (or at least from realistic estimates), so if in 2010 the oil reserves have descreased so significantly, then the economics for an indenpendant scotland are questionable.
(Also, the case study Scotland is compared to is also Norway, again a country relying on North Sea oil production as a significant part of its economy.)

I accept the price of oil is likely to increase, but this isn't guarenteed, there is a good chance it will decline over the next 10 years. This would then make most of the North Sea oil completely uneconomical to extract. Ending the North Sea Oil Industry as a major producing Non-OPEC body. This, causing economic problems for Scotland.


It wouldn't be too difficult to prove you wrong on that one. There is no propaganda suggesting Scotland rely solely on oil

I think you'll find Tourism and Financial Services are larger industries in Scotland than Whisky or oil.

Scotland is compared to a lot of small northern European countries - like Ireland and Finland, both of whom have no oil resources - Scotland has - and that is seen as a bonus not a mainstay.

Once again you have to distinguish between the "economics of independence" and the "financial implications of independence" two very separate things.

The effects of oil are generally excluded from Scotland financial accounts and removed from analyses of its economic performance anyway.

IF Convener is also right regarding the price of oil. I've seen a few modelling forecasts and all agree the price of oil will be on a sharp upward trend in the future.

There are no economic arguments against independence. Even the most hardened Unionist would agree with that.
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Screegor
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PostPosted: Tue Feb 20, 2007 12:25 pm    Post subject: Reply with quote

Quote:

It wouldn't be too difficult to prove you wrong on that one. There is no propaganda suggesting Scotland rely solely on oil


I'm not saying solely on oil.
I think that Scotalnd can exist without the oil industry.
I just don't think they should rely on it.

Quote:

I think you'll find Tourism and Financial Services are larger industries in Scotland than Whisky or oil.


Okay, fine I can believe that. But even if oil in the top 10 it is still a major industry - one that would be missed.

Quote:
Scotland is compared to a lot of small northern European countries - like Ireland and Finland, both of whom have no oil resources - Scotland has - and that is seen as a bonus not a mainstay.


Ireland has a small but increasing Oil Industry. But is more involved with gas.
I thought Finland was self sufficient on oil, I thought they had deals with other Scandanvian states for oil for processing. Isn't Fortum a Finish company. If so it owns the biggest refinerys in Scandanavia?

Quote:
The effects of oil are generally excluded from Scotland financial accounts and removed from analyses of its economic performance anyway.


That is good to hear.

Quote:
IF Convener is also right regarding the price of oil. I've seen a few modelling forecasts and all agree the price of oil will be on a sharp upward trend in the future.

I have too. But there is every chance OPEC could flood the Oil market for 10 years to bankrupt other oil companies. They have the oil, and they have done it before.

Quote:
There are no economic arguments against independence. Even the most hardened Unionist would agree with that.

I'm neutral. I just don't like the fact Scotland talks so much about the oil industry when it should be exploiting the massive potential of natural resources. And not just the resources, but also become world leaders in renewable resources research (instead of currently backrupting the complanys).


Last edited by Screegor on Tue Feb 20, 2007 12:53 pm; edited 1 time in total
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Screegor
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PostPosted: Tue Feb 20, 2007 12:51 pm    Post subject: Reply with quote

IF Convenor wrote:

There is as much oil under the North Sea as has been extracted to date.

I know there is. I never said there wasn't. Re-read my statements if you do not believe me.
I have seen the charts, oil will be around till 2050. However the peak production has gone. From now on there is a steep downward trend in production. This is bound to happen in any industry with a finite resource.

Of course it follows a 'Long Tail' trend. So yes as much oil as before, however the production will expentially decrease, and tail off.

(If I am wrong show me data......)


Quote:
The price of oil is only going up in the long term, it will never fall significantly below $50/barrel again. In a few years it will be permanently over $100/bbl.

Well we can hope, maybe more countries will move to the cheaper option of renewable resources in those circumstances - lets hope that Scotland is a world leader in renewable indusries by that time.

Quote:
1000m water depth is nothing. We drill in that stuff every day all over the world and there's no special expertise involved. There are some extra problems associated with deep water production, but nothing that isn't well understood.

Okay thanks, I wasn't sure, which is why I asked. What is the maximum depth of oil extraction then?

Quote:
West coast oil may be only 5% of North Sea oil today, but there is massive potential out there. We're still finding fields in an area as mature as the North Sea so imagine the potential of the largely unexplored west coast.

There is potential, but I thought most of the fields found were very small?
I'm sure I read somewhere a couple of years ago (I can not find an article), but wasn't one of the bigger fields found, where all the WW2 munitions and radioactive materials were dumped?
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Economist
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PostPosted: Tue Feb 20, 2007 1:01 pm    Post subject: Reply with quote

Screegor wrote:
I'm not saying solely on oil.
I think that Scotalnd can exist without the oil industry.
I just don't think they should rely on it.


Who's they? No-one is suggesting we rely on it.

Screegor wrote:
Okay, fine I can believe that. But even if oil in the top 10 it is still a major industry - one that would be missed.


There is going to be an oil industry in Scotland all my lifetime, so it isn't going to be missed

Screegor wrote:
reland has a small but increasing Oil Industry. But is more involved with gas.


And? Ireland has a small oil industry - that will likely never get to the same level as Scotland has, but it is somehow in a better position than Scotland is?

Screegor wrote:
I thought Finland was self sufficient on oil, I thought they had deals with other Scandanvian states for oil for processing. Isn't Fortum a Finish company. If so it owns the biggest refinerys in Scandanavia?


Finland isn't a major oil producer, like Scotland is. You are conflating quite a lot of different things here.

Screegor wrote:
That's good to hear


It isn't.

Screegor wrote:
I have too. But there is every chance OPEC could flood the Oil market for 10 years to bankrupt other oil companies. They have the oil, and they have done it before.


They couldn't. Even if they did, demand is so high for oil (and increasing), the effect will make little difference.

Screegor wrote:
I'm neutral. I just don't like the fact Scotland talks so much about the oil industry when it should be exploiting the massive potential of natural resources. And not just the resources, but also become world leaders in renewable resources research (instead of currently backrupting the countries).


The only person making a big thing about it here, is yourself. I agree that we could become a world leader in renewables and renewable technology, and the economic and environmental effects of that on Scotland will be huge. It is something I welcome, but we shouldn't be any more reliant on that, than we should be on oil.
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Screegor
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PostPosted: Tue Feb 20, 2007 2:06 pm    Post subject: Reply with quote

Quote:
There is going to be an oil industry in Scotland all my lifetime, so it isn't going to be missed

Well my thought is there wil be more and more small oil companies, as the larger companies will lose interest in favour of large oil fields elsewhere.
As for my lifetime, I think it will be a minor minor industry by the time I am old.

Quote:
And? Ireland has a small oil industry - that will likely never get to the same level as Scotland has, but it is somehow in a better position than Scotland is?

I was just pointing out it does have an oil industry.
I agree it will not get to the size that Scotland's was.

Quote:
Screegor wrote:
I thought Finland was self sufficient on oil, I thought they had deals with other Scandanvian states for oil for processing. Isn't Fortum a Finish company. If so it owns the biggest refinerys in Scandanavia?


Finland isn't a major oil producer, like Scotland is. You are conflating quite a lot of different things here.

I know, but I was pointing out it has a major part in the oil industry, if oil collapses, the Finland will be affected too.

Quote:
Screegor wrote:
That's good to hear


It isn't.

Oh yes it is! Razz
Quote:

The only person making a big thing about it here, is yourself. I agree that we could become a world leader in renewables and renewable technology, and the economic and environmental effects of that on Scotland will be huge. It is something I welcome, but we shouldn't be any more reliant on that, than we should be on oil.


I wanted to learn more, which I have - which is the point of the forum.......
No but for the future economy it has better prospects, imo. I would also not like to see wave technologies and tidal surge technologies being developed in the rest of Europe. The UK is still leading research into these areas. We already lost wind technologies due to bad descions, and have missed a major oppurtunity there. We are currently doing exactly the same in tidal and wave techs.
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Economist
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PostPosted: Tue Feb 20, 2007 2:31 pm    Post subject: Reply with quote

Screegor wrote:

Well my thought is there wil be more and more small oil companies, as the larger companies will lose interest in favour of large oil fields elsewhere. As for my lifetime, I think it will be a minor minor industry by the time I am old.


Well as has been pointed out to you, there is as much extraction potential left in the North Sea in the next 30 years as there has been in the last 30 years. It all depends on how rapidly that is depleted, and what the after effects are - and whether more marginal, remote and once less profitable areas will be brought on line - for example the seas to the west of the Hebrides, where there is documented huge oil potential. Maybe that won't happen, maybe it will. Who knows?

Screegor wrote:
I was just pointing out it does have an oil industry.
I agree it will not get to the size that Scotland's was.


I think you mean, it will not get to the size that Scotland's oil industry, currently is, or likely to be for at least the next generation.

Screegor wrote:

I know, but I was pointing out it has a major part in the oil industry, if oil collapses, the Finland will be affected too.


The whole world will be affected if the oil industry collapses, if such a debilitating thing were to happen. Perversely Scotland might even be in a better position with regards to that, than some other countries will be.

Screegor wrote:

Oh yes it is! Razz


How exactly? You can't exclude a part of your economy. Manufacturing, in Scotland is in faster decline than Scotland's oil industry - the effects of Manufacturing are not excluded from such accounts. Whether you like it or not, oil is still a part of Scotland's economy and finances - not the biggest part - and it shouldn't be excluded. After all why should it be excluded from Scotland's position, but attached to the position of rUK? It is a bonus, not a mainstay - but that bonus should be counted.
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PostPosted: Wed Feb 21, 2007 2:01 am    Post subject: Reply with quote

Renewables are great; the sooner the better.

The real value of oil is not as a fuel but as a chemical feedstock. Look around you. Your computer, your clothes, your furniture, your bottle of water, your pharmaceuticals, even some of your food contain parts made from oil.

Back in the day oil companies practically gave away petrol and diesel because they were just by-products of the real high value stuff.
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Jimbo
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PostPosted: Wed Feb 21, 2007 2:20 am    Post subject: Reply with quote

IF Convenor wrote:
Renewables are great; the sooner the better.

The real value of oil is not as a fuel but as a chemical feedstock. Look around you. Your computer, your clothes, your furniture, your bottle of water, your pharmaceuticals, even some of your food contain parts made from oil.

Back in the day oil companies practically gave away petrol and diesel because they were just by-products of the real high value stuff.


Still is. If it wasn't for Westminster tax we'd be getting it for 18p per ltr.
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fiferjohn
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PostPosted: Wed Feb 21, 2007 2:19 pm    Post subject: Reply with quote

who needs 10 good points there is just one. Scotland deing able to have fair and just government that cares about Scotland and her people.
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Blackleaf
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PostPosted: Thu Feb 22, 2007 6:39 pm    Post subject: Re: Ten Good reasons for Independence Reply with quote

Niall wrote:

Everyone tells us that Scotland is too poor to stand on its own feet and we will always require an English subsidy.


For the record, here is the GDP per capita of some selected nations (brackets is its world ranking) -


Republic of Ireland - $50,150 (5th)
England - $45,373 (7th)
United States - $44,333 (8th)
Germany - $30,579
France - $29,316 (20th)
Scotland - US$25,546
Wales - $23,741
Northern Ireland - $19,603

wikipedia.org

But BRITAIN'S GDP per capita is - $31,777 (18th).

So an independent England would be an extremely wealthy country, wealthier than the United States with the 7th highest GDP per capita in the world.

But without having to pay out in subsidies to the Scots we would be richer still.
------------------------------------

The Celts also let Britain down in terms of standard of living.

On the HDI Index, Britain ranks only 18th in the world, with an HDI of 0.940.

But Canada has an HDI Index of 0.950, ranking in 5th place in the world.

The US HDI Index is 0.948 - ranked 8th.

France's is 0.942 - ranked 16th.

So all those countries are ranked higher in the HDI Index than Britain.

BUT if you count just ENGLAND (taking the poverty-stricken Celts out of the equation) then England has an HDI Index of 0.955, ranked 5th in the world, a higher standard of living than Canada, France and the United States and even Switzerland.

It's just that everyone sees BRITAIN'S HDI Index and not England's, so it gives the impression that the English don't live as well as they do even though only 4 countries -Norway, Iceland, Australia and Republic of Ireland - have better standard of living than the English

So the English, as an independent nation, would be richer than the Americans and have a higher standard of living than every country on Earth except 4 of them. We are far richer and have a higher standard of living than foreigners imagine because they only see Britain's statistics and not England's.
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PostPosted: Thu Feb 22, 2007 8:16 pm    Post subject: Reply with quote

It's the UK which lets the Celts down, not the other way round. 300 years of union and look at the state of us! Compare that to the independent Republic of Ireland.

Also, all the UK figures are seriously distorted by London; so much economic activity happens there as a direct result of it being the UK capital that it artificially boosts the England figures while equally depressing the figures for the rest of the UK. It is not that England is so much more productive than the other nations or the other nations are so much less productive than England, it's that money gets drawn to the seat of government and appears to be generated there. If the UK capital was moved to Wales you'd almost instantly see England's figures becoming comparable with Scotland's and Wales' figures becoming like England's today.
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alex1991
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PostPosted: Tue Feb 27, 2007 6:21 pm    Post subject: Re: Ten Good reasons for Independence Reply with quote

Blackleaf wrote:

So an independent England would be an extremely wealthy country, wealthier than the United States with the 7th highest GDP per capita in the world.

But without having to pay out in subsidies to the Scots we would be richer still.
------------------------------------

The Celts also let Britain down in terms of standard of living.

On the HDI Index, Britain ranks only 18th in the world, with an HDI of 0.940.

But Canada has an HDI Index of 0.950, ranking in 5th place in the world.

The US HDI Index is 0.948 - ranked 8th.

France's is 0.942 - ranked 16th.

So all those countries are ranked higher in the HDI Index than Britain.

BUT if you count just ENGLAND (taking the poverty-stricken Celts out of the equation) then England has an HDI Index of 0.955, ranked 5th in the world, a higher standard of living than Canada, France and the United States and even Switzerland.

It's just that everyone sees BRITAIN'S HDI Index and not England's, so it gives the impression that the English don't live as well as they do even though only 4 countries -Norway, Iceland, Australia and Republic of Ireland - have better standard of living than the English

So the English, as an independent nation, would be richer than the Americans and have a higher standard of living than every country on Earth except 4 of them. We are far richer and have a higher standard of living than foreigners imagine because they only see Britain's statistics and not England's.
Well if you think English Independance would benefit you that much I advise you take it... seriously, I'll celebrate with you!! Cool We can crack a few cans of Tennents! Smile ... or John Smith's if you preffer Wink Or are you intent on keeping the Union in place as an act of pity towards us imcompetent celts? Rolling Eyes
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alex1991
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PostPosted: Tue Feb 27, 2007 6:40 pm    Post subject: Reply with quote

Economist wrote:

Well as has been pointed out to you, there is as much extraction potential left in the North Sea in the next 30 years as there has been in the last 30 years. It all depends on how rapidly that is depleted, and what the after effects are - and whether more marginal, remote and once less profitable areas will be brought on line - for example the seas to the west of the Hebrides, where there is documented huge oil potential. Maybe that won't happen, maybe it will. Who knows?

Personally I do not think that the "oil arguement" is anywhere near one of the strongest points in a pro-independance arguement.. even if there was no oil in the sea I would be strongly pro-independance.. however it is a good point for exposing lies and propaganda within Westminster (the government that runs us all) as in the 80's they led us to believe that the oil would run out by the year 2000 and Scotland would be too poor on its own... then they led us to believe that we have billions of pounds of revenue left; but the people demanding Independance is in an "act of greed", now apparently we musn't think about Independance because we will soon run out of oil and cannot develop our Industries without help from London; this is directly implied by the Labour party when they tell us "Scotland has potential" BUT "there would be disastrous implications for Scotlands Industries if Independance were to occur". Personally I believe that if the potential IS there (as the Labour party have told us) then the Scottish people would be just as good at harnessing our potential as the chancellor of the exchequer down in London, so it would be in our best interests to cut out the middle man and allow the revenue from our Industries to be spent in our own country to the benefit of the peple in our country rather than filtered through the capital of a foreign nation and run down to us as pocket money on a smaller scale. And just as a footnote a few weeks ago there was an accusation on TV that most of the supporters of Scottish Independance are ageing men, I'll add that although I am a guy I'm 15 and that can hardly be considered ageing. Peace Out Idea We don't need the Chancellor in London to moderate the distribution of the revenue we work hard to earn... so would Independance to be a clever move?
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PostPosted: Tue Feb 27, 2007 7:05 pm    Post subject: Reply with quote

Screegor wrote:

However I disagree upon the fact it will be a stable economy for Scotland, even in 25 years. Partly as most of the smaller fields are already being exploited.

I don't believe the production of oil will be a stable economy for Scotland either... having said that I don't believe it will be a stable economy for Saudia Arabia, England or anyone else for that matter. We do have other Industries you know and believe it or not it's not only Scotland that oil is gonna run out in!! and if you believe its a worry because of the effects it could have on our Energy production then we have one of the highest potentials for producing green energy... we have mountains with powerful rivers that could be used for harnessing Hydro-electric energy, Wave and tidal power could be used with ease in Scotland and wind power is a promising source of green energy as well as solar (honest I'm not kidding, we do get sunlight through the clouds)... You might argue that putting up wind turbines could harm our tourism industry but the bottom line is we MUST go green sooner or later so we might as well bite the bullet! *also there is no evidence wind turbines would "put our tourism industry into jeopardy" as some people suggest; as majorca (mallorca) has a huge number of wind turbines for its size, yet is still a popular touist resort... on the other hand people go there for the sun and not the scenery... maybe this one merits its own debate! Very Happy
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PostPosted: Thu Mar 08, 2007 1:12 pm    Post subject: Reply with quote

A Chairadean mhath.

I have updated the Ten questions and here they are:

This is an update of a leaflet I wrote for Siol-nan-Gaidheal four years ago. I have listed the ten most common questions or objections raised by brainwashed unionists in Scotland. However I have not answered the most ridiculous and risible statements of some New Labour politicians like “If Scotland becomes Independent you won’t be able to watch Coronation Street!” or John Reids statement that “Scotland would be a haven for Al Quaeda terrorists.” Or even Scotland will need border guards and passports.” The following quotations have been uttered by leading politicians from both the Labour and Conservative parties in the past 35 years :

Question 1:

Scotland is too poor to stand on its own feet and we will always require an English subsidy.

Fact Scotland has 8.6% of the UK population yet raises 10.41% of all UK tax revenues. (Source Treasury red Book 2002) Go figure it out for yourself. Exactly who is subsidising who? In the year 2004/2005 which is the last year I have full Government statistics for, Scotland contributed a net surplus of £9.632 Billion pounds to the UK exchequer. An independent Scotland could do a lot with that sort of money.

Question 2.
Scotland could not survive without the Barnet formula handout from England.

The Barnett Formula is NOT a SUBSIDY! Barnett is nothing more than a device which gives Scotland some of its own pocket money out of Scotland’s pay packet which is taken by UK treasury. In 2002, Scotland contributed £42.7Billions to the UK Exchequer and received £18.1 Billions doled back in return via Barnet. It would be a much better idea to keep the £42.7 Billions as an Independent Country.

Question 3.
For the past 35 years, this has been the constant refrain: North sea oil is running out fast and soon there will be nothing left......

According to Professor Alex Kemp, of Petroleum Economics at the University of Aberdeen. North Sea Oil and Gas production will still be present in 2050. There is as much known oil left yet to be extracted than has already been exploited. According to the UKOOA over £10 Billion pounds has been invested in capital projects in the North sea in 2005 and the projected figure for 2006 is£11.5 Billions. Employment in Scotland accounts for 190,000 people directly and indirectly in the industry. It contributed 75% of the total UK Oil and gas requirements in 2005. Hardly the performance of an industry on its last legs?

Question 4.

Britain is becoming a net importer of oil and natural gas.

True in the sense of the UK alone. False, because Scotland is a net exporter of Oil and Gas. Fact: An independent Scotland with 17.5% of Europe’s Oil reserves will be a net exporter of oil and gas for at least 35 more years. Properly invested the proceeds will make Scotland the second richest nation on earth for its size. There will be huge social and economic benefits for all Scotland’s Citizens and public services. Fact Scotland is the only Oil producing country in the entire world where 25% of its citizens live in poverty, something that Tony Blair’s government should hang its collective heads in shame for.

Question 5.
Yet another hoary chestnut : Scotland is too poor and small to afford to defend itself.

Why not? Switzerland uses just 1% of its GDP to provide a modern efficient Army and Air force. Norway spends 1.9% and can defend itself adequately. The UK spends 2.32% of GDP on its armed forces (Including Trident) Scotland can afford 1.6% of its GDP and still have modern professional armed forces half the size of the present UK.

Question 6.

Neu Liebour spin: The UK has a huge balance of payments problem, Scotland cannot possibly hope to pay her way.

False. The UK as a whole now has Balance of Payments deficit of £44 Billions per annum. Scotland however in 2005 actually contributed a Surplus of £3.4Billions. If the exports of North sea oil are taken into account £4 Billions, then Scotland would have a net surplus of £7.4 Billions making the true remainder of the UK deficit £51.4 Billions in the red.

Question 7.

So called experts in the City of London have publicly stated that Scotland could not compete against the mighty economic muscle of England.

Untrue. Denmark has an economic superpower to her south (Germany) and she does very well indeed. Switzerland is surrounded by three great economic superpowers, France, Italy, and Germany, yet she is the most prosperous nation in Europe. Singapore is a tiny island of 4 million people right next door to Indonesia with a population if 201 Millions yet is the powerhouse driving the SE Asian economy. Scotland has more than enough natural resources allied to the expertise in its own world beating financial sector to compete and prosper.

Question 8.

Mor Neu Liebour spin: Scotland is too far away from the centre of Europe to prosper.

Iceland with a population of only 400,000, is situated far to the north by the arctic circle yet has the third highest standard of living in Europe. Has few natural resources except for fish yet runs a balance of payments surplus. Iceland also has the highest number of university graduates per head of population in the world.

Question 9.

The City ofLondon is tooclose and too powerful a financial centre for Scotland to compete against.

Scotland is one of Europe’s top ten financial centres, supporting employment for in the region of 200,000 people. Financial Services accounts for 8% of Scotland’s GDP and generates more than £20 bn annually for the economy. Scotland is now reckoned to be the 9th leading global financial centre in 2005

Question 10.

Scotland does not have the financial expertise to run its own affairs.

Who says so. Its strange that the late British Empire relied on a preponderence of Scots to run their affairs. Scots bankers, economists and Accountants (reckoned to be the best in their fields) are to be found at all levels of of the UK Government some in very high positions. Therefore the expertise is there. If the people of Scotland decide that Independence is a must then the highly capable people needed to run the administration will be there, ready and waiting.

'S Mise le meas
Niall.
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PostPosted: Thu Mar 08, 2007 3:13 pm    Post subject: Reply with quote

Cheers Niall - do you think this merits a new thread altogether seeing as though it's an update?
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