what has happend with this share i was in hear a few years ago made about £ 85,000 when it went over £3 a share i take a look today and its back into the 60p range i thought by now it would of been £5
"""Now that the Treasury’s renewables subsidy pot is almost empty, the Scottish Government needs to consider the logic – and potential liability to Scottish citizens - of allowing schemes that are surplus to its 2020 target to come on stream. “If the renewables target is overshot, taxpayers will incur heavy costs in unnecessary subsidies - over and above the hundreds of millions of subsidies for those operational and consented schemes needed to meet the 2020 target.” The Renewable Energy Foundation calculates that green power generators in Scotland received more than £600 million in public subsidies last year (with 91.5% being paid for by electricity consumers in the rest of the UK)."""" ..... The last bit is interesting. If we vote YES then there will be no obligation for our friends South of the border to buy xpensive Scottish Renewables which means we might have to cut back on the deep fried Mars bars to pay the producers........ My cunning plan would be to produce lots more oil and gas from the Scottish North Sea which would pay for all the renewable subsidies....... Lunatics running the asylum comes to mind...... http://www.scottishenergynews.com/scot-govt-runs-risk-of-over-shooting-2020-renewables-target-by-over-supply-of-wind-farms/
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11046842/Oil-industry-on-borrowed-time-as-switch-to-gas-and-solar-accelerates.html Good news and bad news I suppose depending on your outlook. If the xpensive ways of getting oil are made uneconomic by a lower oil price then all of a sudden there will be an almighty drop in the world's reserves. That may result in a rush for low cost oil and new fields like Xel's and Hur's may benefit. Also more must be sucked out of xisting fields and (we are led to believe ) we have useful IP for that... There have been comments on Peak Oil and the effects of renewables for decades but we live in such an uncertain age now that Governments will / should have energy security at the top of their agenda. Any attacks on the Suez Canal would take oil up to $150 at least. Libya, Iraq, Ukraine, China buying Russian supplies etc ..someone in UKGov must be able to join the dots. Scotland is awash with renewables but at such a high price that if subsidies were to be removed then the industry would collapse. http://knoema.com/yxptpab/crude-oil-price-forecast-long-term-to-2025-data-and-charts If oil falls to $90 a barrel then we'll be making a profit but one heck of a lot of others won't. Interesting times ahead....
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