MercoPress. South Atlantic News Agency
Sharp decline of oil and gas from off-shore UK is ‘worrying’ says annual report
The sharp decline in production of oil and gas from under British waters is “worrying” industry leaders. Trade body Oil and Gas UK says there is record investment this year of £13.5bn, but its annual report on the industry's economic impact highlights the sharp fall in output of 19% during 2011 and 14% in 2012. Read full article
Comments
Disclaimer & comment rulesDon't worry UK....... you still have Falkland oil!
Aug 21st, 2013 - 06:59 pm - Link - Report abuse 0:-)))))))))))
Aug 21st, 2013 - 09:33 pm - Link - Report abuse 0Try reading the article and not just the heading.
Aug 21st, 2013 - 10:02 pm - Link - Report abuse 0“The report says the offshore sector generates almost £40bn a year, including £7bn in export earnings.”
That's US$11 billion a year or about US$920 million per month.
What is Argentina's importing at the moment?
US$733 million in APRIL alone! For 2012 it was US$9 billion and 2013 will be billions more than that.
But don't worry Argentina....... you can still buy Falkland oil!
Fools!
Still waiting..Zzzzzzzzzzzzzzzz
Aug 21st, 2013 - 11:31 pm - Link - Report abuse 0http://www.youtube.com/watch?v=jJV-FB-X8jA
Marcos
Aug 22nd, 2013 - 12:05 am - Link - Report abuse 0What are you waiting for?
Though I am sure your Youtube link was probably rivetting, I don't know who would bother looking, because I sure as hell don't.
So what are you waiting for? To gain some intelligence? To make a coherent argument? To find some facts to back up your lame posts?
Oh, I get it. You are waiting to see how much Argentina had to spend of its rapidly dwindling foreign exchange to import energy in May.
Maybe you're waiting for how many BILLIONS of your own tax dollars will be wasted on energy imports this year?
The UK exports US$11 billion a year and Argentina is on track to import US$11 billion. :-))))))))))) Can you grow enough soy for that?
So keep waiting while other countries grow rich developing their energy reserves to sell to incompetent countries like Argentina.
As for the Falklands, they are in no rush. They have owned these resources for centuries and a couple more years will make no difference. And the only way that Argentina will get their hands on those resources is cold hard cash.... upfront... no funny money either... US dollars.
Sounds like I upset someone by talking about a particular subject.
Aug 22nd, 2013 - 12:12 am - Link - Report abuse 0What do you care? You are an “Australian” after all :-))))))))
If you think I sound upset then that just goes to show how little cognitive ability you have. Were you sitting there waiting for me to reply?
Aug 22nd, 2013 - 12:17 am - Link - Report abuse 0Yes I am Australian. Sorry to embarrass you like that. You realise that Argentina and Australia both had the same standard of living and income levels once. Indeed the similarities were uncanny.
And now look at your country! Having to import US$9 billion of energy a year just to keep the lights on and stop people freezing. Unstable currency. Growing poverty. Stagnation. Runaway inflation.
You must have mistaken my pity for being upset. LMAO
This is not breaking news! It has already been discussed over here hence the record investments over the last couple of years which will bring increased output over the next 10/20 years.
Aug 22nd, 2013 - 05:06 am - Link - Report abuse 0Not too much of a problem. As always, the UK will find a way. After all, back in WW2, Germany was producing ersatz oil products from coal. And technology has moved on. Might be a bit unfortunate for Scots, though. According to their Prophet, independent Scotland will be a land flowing with milk, honey, cake, jam and loads of other goodies. Note the comment “The UK government can afford to provide this support, even at the expense of short-term revenues, because of the size and diversity of the UK economy.” However, an independent Scotland's economy wouldn't have that size and diversity. Not surprising when you consider that it would only have 9% of the population. And therefore 9% of the workforce. Swinney is, of course, a loon. He doesn't mention who is making the investment. And it isn't Scotland. After all, the current Scottish government only has UK money. Swinney only has one real mantra “independence or bust”. Interesting to research how many things Swinney has come out with, and promptly been contradicted. He's no different to Salmond. And virtually everything Salmond has come out with has been contradicted. EU membership? Nope. Retaining Queen of England as head of state? Possibly. Currency union? Nope. Close association with UK? Nope. And he hasn't even mentioned the £2 quadrillion Scotland owes England.
Aug 22nd, 2013 - 07:41 am - Link - Report abuse 0This is poor reporting to say the least.
Aug 22nd, 2013 - 12:42 pm - Link - Report abuse 0And it has been overtaken by recent large NEW finds off the coast of yorkshire.
6 Marcos Alejandro
Aug 22nd, 2013 - 12:50 pm - Link - Report abuse 0The Aussies and us are in an exclusive club which you lot don't belong to, sorry! Your compatriots Cuba, Venezuala and Iran will console you..
Still waiting :-)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))
Aug 22nd, 2013 - 11:18 pm - Link - Report abuse 0(RKH) 119.88 -17.25 (-12.57%) Down
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!