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Everybody’s friend 124

Posted on April 12, 2013 by

Ian Taylor, chief executive and president of Vitol, is the donor who just keeps on giving:

“Oil market dealers confirmed on Friday that a Syrian government tender on behalf of state oil company Sytrol for gasoline that closed on the market this week has been picked up by giant oil traders Trafigura and Vitol. Syria exports crude oil, but does not have the refining capacity to meet its domestic needs and relies on petrol imports.

On the same day US Secretary of State Hillary Clinton for the first time called for an international boycott of Syrian oil and gas products, and sanctions against its oil and gas industries as the best way of putting pressure on the regime to stop its murderous repression of protests there which began on March 15th and have cost upwards of 1700 lives.”

(Our emphasis, as usual.) To be honest, we hope “Better Together” don’t hand back Mr Taylor’s £500,000 donation. We imagine Yes Scotland will rather enjoy hitting them with this particular oil- and blood-soaked stick all the way to September 2014.

The Nuclear Deterrence FAQ 128

Posted on April 05, 2013 by

When we’ve reached the point where even the Daily Telegraph is calling the British Prime Minister a liar, it’s probably about time someone laid out the facts about the UK’s nuclear weapons, and in particular how they relate to Scotland.

Let’s see if we can keep it brief.

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Why newspapers are dying 31

Posted on March 14, 2013 by

The calmer heads found in the Scottish independence movement – and in our better moments we like to consider ours among them – can often be heard cautioning against over-deploying allegations of bias, and citing Hanlon’s Razor in doing so.

(And to save you clicking on the link, that’s the one which runs “Never attribute to malice that which is adequately explained by stupidity”.)

cutthroat

It is, of course, possible and frequently the case for BOTH to be present – a glance at any Scotsman column by Michael Kelly or Brian Wilson will verify that – but this morning we’re going to focus on the latter side of the equation.

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Who to believe? #2 28

Posted on March 07, 2013 by

So what’s really going to happen to oil revenues in the next few years?

An independent Scotland would begin with a £4 billion black hole in its finances due to a fall in oil revenues, UK Chief Secretary to the Treasury Danny Alexander said yesterday.” (The Scotsman, 2nd March 2013)

“”Oil production should revive from recent levels for a period of several years, particularly with the higher-price scenario, where the increase could be substantial,” the study by Alexander Kemp and Linda Stephen [of the University of Aberdeen] concluded.” (Reuters, 5th December 2012)

“Oil prices could rise to anywhere between $150 and $270 a barrel by 2020 as demand growth in emerging markets like India and China outpaces expected supply, the OECD said Wednesday.

“I think people have been calmer about oil prices given the new supply, but if you really look at the implications of rising demand, you see this isn’t true,” said Isabelle Koske, economist at the Organization for Economic Co-Operation and Development and one author of a report on oil prices published Wednesday.” (The Wall Street Journal, 6th March 2013)

“Oil & Gas UK reckons oil receipts will be £3bn higher in 2017 than forecast last year. While Brent crude prices are now around $110 per barrel, by 2017, the UK’s Department of Energy and Climate Change predicts they could hit $130 a barrel, while the latest OECD predictions put them higher, at an eye-watering, record $150 a barrel.” (The Guardian, 7th March 2013)

We just can’t decide who the most reliable authority is. What a puzzle.

The Nevada-Semipalatinsk Doctrine 26

Posted on March 05, 2013 by

Last week (Feb 28th, to be precise) marked the anniversary of the founding of arguably the most successful mass anti-nuclear protest movement the world has ever seen. We’re talking, of course, of the Nevada-Semipalatinsk Anti-Nuclear Movement, which was active between 1989 and 1991.

semipalitinsk

If – for some unaccountable reason – you haven’t heard of it, then read on, for it’s a tale of how the ordinary people of a provincial part of the former Soviet Union found that a mass protest movement, well-organised and with right on its side, forced an intransigent, distant government to concede its demands. Are there lessons for the people of Scotland in their story? Let’s find out.

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How the world works 61

Posted on February 28, 2013 by

If you’re a banker in a small country and you criminally destroy the entire national economy out of personal and corporate greed, you go to jail.

If you’re a banker in a large country and you criminally destroy the entire national economy out of personal and corporate greed, a laughably small fine is imposed and you get to keep everything your fraudulent actions helped you line your pockets with.

If you’re a small Scottish football club and you field an improperly-registered player once, by accident, you forfeit the match and are disqualified from the tournament.

If you’re a large Scottish football club and you field numerous improperly-registered players, repeatedly and deliberately, to gain an unfair advantage, a laughably small fine (which will never be paid) is imposed on a completely different and bankrupt company, and you get to keep everything the unregistered players in question helped you win.

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