maybe if david cameron and his cronies...were to sit upside down in a chopper...in a pool full of water..or in a blacked out smoke filled room....and learn to get out...it might bring them to their senses...taskforce...lol
might suggest the Oilco's could take every advantage of the current slump to cut costs, while at the same time wring some hefty tax concessions out of the Government, who appear to be getting increasingly concerned about their golden goose...
wgpsn asked for a 10% wage cut before christmas...and a further 10% in the new year....could the members of parliament no take the same cut....to balance the books a bit...and scrap the age old house of lords??
Everyone knows the temporary oil price slump is driven by OPEC's current agenda.
With $13 billion invested in the North Sea basin last year alone, indicating companies foresee significant profits in the coming years, the vast majority of oilcos will simply grasp the opportunity to become more efficient.
As for the cost cutting being implemented, a large part of its attributable to companies shedding some high cost 'fat', which inevitably creeps in during boom times in any industry IMO.
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