Margaret Thatcher Thread - Read the first post before posting

[I1L2T3]

But still not a good one because of the significant difference in population size and oil and gas reserves..

 

But not a massive difference in how our workforce is distributed.

 

Norway Labor force ...............................UK Labor force

 

2.645 million (2012 est.)........................31.9 million (2012 est.)

Labor force - by occupation.....................Labor force - by occupation

 

agriculture: 2.9%..................................agriculture: 1.4%

industry: 21.1%....................................industry: 18.2%

services: 76% (2008 ).............................services: 80.4% (2006 est.)

 

Still the best example. Maggie spent it all. Norway saved theirs.

[MrSmith]

Still the best example. Maggie spent it all. Norway saved theirs.

 

There was still plenty left after 1997, and we can expect to be self sufficient for another few years, it would clearly last a lot longer if our population was the size of Norway’s population, but it isn't, so comparing us, with a population of 65,000,000 people, with Norway's population of 5,000,000 is pointless.

 

Current forecasts predict that Britain can expect to remain self-sufficient in oil for at least another 10 years, and selfsufficient in gas well into this century. Over the next 25 years, the industry expects to make 130 new discoveries, and 240 new developments.

Edited April 13, 2013 by MrSmith

[I1L2T3]

There was still plenty left after 1997, and we can expect to be self sufficient for another few years, it would clearly last a lot longer if our population was the size of Norway’s population, but it isn't, so comparing us, with a population of 65,000,000 people, with Norway's population of 5,000,000 is pointless.

 

Current forecasts predict that Britain can expect to remain self-sufficient in oil for at least another 10 years, and selfsufficient in gas well into this century. Over the next 25 years, the industry expects to make 130 new discoveries, and 240 new developments.

 

Nice but you seem to have ignored the bit where I said oil and gas. The peak was 1980-90.

 

What did Maggie do with all that revenue?

[MrSmith]

Nice but you seem to have ignored the bit where I said oil and gas. The peak was 1980-90.

 

What did Maggie do with all that revenue?

 

UK peak oil production was in 2000

[I1L2T3]

UK peak oil production was in 2000

 

I'm talking about oil AND gas. Peak revenue was in the 80s.

 

Maggie spent it all. Didn't save any of it. As Sir Alistair Morton lamented: "she blew it on the dole"

[Hillpig]

Most of that seems on the whole like a pretty fair assessment of her international achievements.

 

But Thatcher saved us from being like North Korea? I've read some ridiculous stuff on here but never anything quite as bad as that.

 

Had Scargill, Jones, Scanlon, Foot, Benn, and the rest of the loony left taken over they would have taken us out of EEC and NATO. Our allies would have become the Soviet bloc.

 

Scargill denied his own members a ballot, he campaigned against Walensa and Solidarnosc. Jones was a paid Russian agent, Democracy in this country could have ended. My view is extreme, it is also an alternative possibility that Thatcher saved us from.

[MrSmith]

I'm talking about oil AND gas. Peak revenue was in the 80s.

 

Maggie spent it all. Didn't save any of it. As Sir Alistair Morton lamented: "she blew it on the dole"

 

Peak gas was in 2000 at 1200 TWh and we are still producing more gas than in the 80's.

 

Gross production in 2010 was 665 TWh in the 80's it peaked at 450 TWh

[I1L2T3]

Peak gas was in 2000 at 1200 TWh and we are still producing more gas than in the 80's.

 

Gross production in 2010 was 665 TWh in the 80's it peaked at 450 TWh

 

Peak revenue MrSmith.

 

---------- Post added 13-04-2013 at 17:06 ----------

 

Had Scargill, Jones, Scanlon, Foot, Benn, and the rest of the loony left taken over they would have taken us out of EEC and NATO. Our allies would have become the Soviet bloc.

 

Scargill denied his own members a ballot, he campaigned against Walensa and Solidarnosc. Jones was a paid Russian agent, Democracy in this country could have ended. My view is extreme, it is also an alternative possibility that Thatcher saved us from.

 

Yeah, you said all this already.

 

---------- Post added 13-04-2013 at 17:08 ----------

 

Thatcher and the north sea revenue

 

http://openoil.net/2013/04/10/margaret-thatcher-and-the-north-sea-oil-bonanza/

 

She spent it all. Didn't save any of it.

Edited April 13, 2013 by I1L2T3

[MrSmith]

Peak revenue MrSmith.

 

Gas and oil were more expensive in 2000 than in the 80’s so it stands to reason that revenue must have been higher in the 2000 peak. Gas must be producing more revenue now than it did in the 80’s because gas is more expensive now and we are producing more of it.

 

---------- Post added 13-04-2013 at 17:16 ----------

 

[/color]Thatcher and the north sea revenue

 

http://openoil.net/2013/04/10/margaret-thatcher-and-the-north-sea-oil-bonanza/

 

She spent it all. Didn't save any of it.

 

Peak oil revenue was in 2008 £12,925,000,000, that £2,000,000,000 more than any time in the 80's, and there was more revanue in the 20's than the 80's.

Edited April 13, 2013 by MrSmith

[I1L2T3]

Gas and oil were more expensive in 2000 than in the 80’s so it stands to reason that revenue must have been higher in the 2000 peak. Gas must be producing more revenue now than it did in the 80’s because gas is more expensive now and we are producing more of it.

 

---------- Post added 13-04-2013 at 17:16 ----------

 

 

Peak oil revenue was in 2008 £12,925,000,000, that £2,000,000,000 more than any time in the 80's, and there was more revanue in the 20's than the 80's.

 

As a percentage of GDP MrSmith? And have you adjusted the more recent figures to account for inflation.