dpb

How long before it hits 12 dollars a barrel , and the other horrors the early seventies brought

markjmd

iTrader: (11)

I'll go out on a limb here and say that anyone who can remember that far back (or can read a history book) would strongly disagree it was falling oil prices that caused any of the unpleasantness most often associated with the early seventies. Then again, perhaps they're not smoking or drinking what you are ...

alcazar

iTrader: (2)

I'd have to agree...it was mostly labour disputes of one form or another.

Can anyone else remember petrol rationing ALMOST coming? I actually had my book.......

Tidgy

holding steady today at the min though

pacenote

Think I still have my book somewhere !

I remember the 50 mph limit introduced to save fuel and one morning on way to work blasting past a copper parked up in his panda car and having him come after me !

greenonedave

What horrors of the seventies,? It wasn't that bad !,

Sad Weevil

iTrader: (1)

The early seventies in the cities was a bleak time. I got the hell out in '73, moved to rural Wales and went off grid until '78. Sold my car and stuff, had a great time living the simple life. Until babylon beckoned again....

zip106

Rationing? Likely?

There's a glut of the bloody stuff, and I'm doing my best to use it up...

And the 70's thing - I blame Harold...

jonc

Phew! A close call!!
http://www.scotsman.com/news/politic...ions-1-2829902
http://www.bbc.co.uk/news/uk-scotlan...iness-21741825

zip106

Just imagine if those Scotch people had voted for independence on the back of keeping all that oil revenue to themselves....

The Trooper 1815

iTrader: (31)

guinnessman2001

The SNP up here were reckoning on around $140 a barrel to balance the economy.

If things had gone differently on the referendum we would currently have a multi billion pound deficit due to lost oil revenue and would have had to go to the Bank of England for a loan.
As a new country with no credit rating the interest rate would have been staggering.

Fortunately common sense prevailed and the No vote won.

Seaweed Sturgeon and her cronies are still in charge up here, in fact they are forecast to be returned with an even higher majority at next Mays election.

They have more fiscal control now as well, so it's only a matter of time before taxes are increased.
So I'll be paying more tax than some dude living in Carlisle.

Happy days