observer Posted January 16, 2015 Report Share Posted January 16, 2015 Alex Salmond was promising an independent Scotland built on revenues from oil exports; but due to a flood of US shale gas & oil into the market and the reluctance of oil producers to loose market share; prices are dropping like a stone. Good news at the pumps, but bad news for more expensive producers, now having to cut back on uneconomic production. So now the Rob Roy's of the SNP are queuing for bail outs and subsidies from HMG; wonder how they'd have managed as an independent State? Ironically Alex is still in business, with the possibility of him becoming king maker or even Deputy PM to a weak and indecisive Milliband ; to wring ever more concessions from a UK Gov. Quote Link to comment Share on other sites More sharing options...
Bazj Posted January 17, 2015 Report Share Posted January 17, 2015 The oil market is very fickle. It will only take the Arab states to turn the taps off for a few weeks to get the prices soaring over the $100.00 a barrel mark again Quote Link to comment Share on other sites More sharing options...
observer Posted January 17, 2015 Author Report Share Posted January 17, 2015 Of course Baz, and that's what they tended to do in the past; but the new factor is cheap shale oil from the US flooding the market. Quote Link to comment Share on other sites More sharing options...
Bazj Posted January 17, 2015 Report Share Posted January 17, 2015 but the Americans are also very canny and they will restrict sales to foreigners if there appears to be a run on the stuff; just as they do with their oil. They produce a load but import in order to keep their own stocks for themselves! Quote Link to comment Share on other sites More sharing options...
observer Posted January 17, 2015 Author Report Share Posted January 17, 2015 Agree Baz, which seemed to be their previous strategy to use up everyone elses oil, leaving them as last man standing; but shale seems to have changed things. Another blow to the Scots will be the US ban on importing haggis ! Quote Link to comment Share on other sites More sharing options...
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