Monday 28 July 2008
The SNP and the Arab Takeover of North Sea Oil
The myth of Thatcherism and the basis of Scottish Nationalism are both based on North Sea Oil.
The oil revenues from North Sea Oil was the basis of the Thatcherite economic boom of the 1980's, not her economic policies.
She in fact squandered our oil wealth and her most damning legacy was Blairism and New Labour, her 'conservative lite' clones.
Together they created the worst of all possible worlds, Thatcherism spawned our dependence on the Globalist International Corporate Fascist economic model which commands our national economy and its pimp sister Consumerism in the private sphere, whilst the Politically Correct Servile State dominates our national society in the public sphere.
Free Market Thatcherism and Politically Correct Blarism = Oil Imperialism and Multi-Culturalism.
The rise of the Scottish National Party is based solely on the idea that Scottish independence will lead to a more prosperous Scotland due to the SNP keeping the potential £ 750 Billion pounds worth of potential oil reserves and revenues left in the North Sea.
The only problem for the SNP and the Scottish nationalists is that the Arabic nations are going to buy up North Sea oil production plants, refining companies and will also invest in new equipment.
This means the profits from North Sea oil will go straight to the Arab nations that own the drilling companies, the pumping plants and the refinining companies.
The myth of scottish nationalism is about to be destroyed by the rise of Islamo-Capitalism.
Islamo-capitalism is the final phase of the globalised system and the Petro-Dollar Recycling System.
Islamo-Capitalism is when the rise in demand for oil and the reduction in supply means a rise in price that enriches the Arabic oil producing nations to such an extent that capitalism begins to shrink as the banks and finance companies they own begin to purchase ever more industries, corporations and companies.
In the final phase of Islam-capitalism the Marxist idea of immiseration actually occurs, in that as capital is concentrated in the hands of the arabic oil prouding nations then the more they will buy up sectors of the British aand global economy and control them.
The more the oil depletes, the richer they will get - the faster the process of Islamo-Capitalist immiseration will occur.
As the power of the arabic nations over our national economies increases, the more power they will have in relation to the imposition of a Theological Economics in the UK - where workers will have to obey Islamic customs to work for Islamic companies.
Therefore Capitalism will deliver us into the hands of the Islamists.
This is why globalism, dependence on foreign energy and the petro-dollar recycling system has to be reformed into an Green Energy Econimics system.
Shell, Exxon North Sea interests bought
Jul 7, 2008 11:57 PM
Abu Dhabi National Energy Co (Taqa) said it had bought northern North Sea equity interests from Shell and ExxonMobil as part of efforts to consolidate its presence in Europe.
"Today's announcement brings us one step closer to our stated strategy of building a global energy company, with an equal distribution of assets in North America, Europe and the Middle East," Taqa CEO Peter Barker-Homek said in a statement.
"We believe that the North Sea offers significant potential for companies like Taqa and we will be making a significant investment over the coming years to extend the productive life and commercial viability of our assets."
Taqa did not give financial details of the deal.
The sale includes all equity, infrastructure and production licences for the Tern, Eider, Cormorant North, South Cormorant, Kestrel and Pelican fields and related sub-sea satellite fields, Taqa's wholly owned subsidiary Taqa Bratani said in a statement.
The fields produce around 40,000 barrels per day of oil equivalent.
Oil majors have been selling their assets in the mature, declining oil sector for years as they look to invest in cheaper production regions with higher potential returns.
But Taqa, which is majority owned by the Abu Dhabi government, has already amassed over $1 billion of North Sea oil and gas assets in purchases from Canada's Talisman and oil major BP in November 2006 and January 2007 respectively.
"This is further evidence of our long-term commitment to Europe and will build on our asset optimisation successes in the Netherlands and the UK to date," he said.
The UAE is the world's fifth-largest oil exporter and Taqa's expansion is part of the Gulf Arab state's drive to use record oil revenues to diversify.
The company expects to announce four new deals worth around $5 billion this year, including a joint venture with a major US utility and a windfarm in Morocco.
Taqa has appointed energy services company John Wood Group to operate, maintain and manage offshore production in the northern North Sea fields.
Taqa itself would focus instead on building its presence in the United Kingdom.
The transaction is subject to regulatory approval. It is expected to close in the fourth quarter of 2008.