RE: Why The Panic?24 Apr 2019 13:49
Bronxville,
Forget about the oceans. Yes they are important but they are not the biggest issue facing the world.
The human race will be extinct in about 50 years - some even say 20 years - if something is not done about population explosion. The population of the world has trebled since 1950 from 2.5billion to more than 7.5billion. Urban population in the same period has increased from about 800m to over 4billion. What will it be in another say, 50 years?
Take Nigeria, for example, with a population of about 180m of which over 50% are aged under 25. What have they got that can keep them occupied, fed, housed and clothed other than to try and get into Europe which they have been doing but which will escalate as the pressure increases on southern European states as more and more of them see it as the only way out of poverty.
As for your point about debt you have used gross figures but if you look at those in a per capita basis you will see from the following that the UK, per capita, is far better funded than Ireland where Ireland is at $67.1k per person and the UK is on $36.2k per person. That means UK debt is far more manageable than Ireland's. In fact, Ireland's debt per capita is second worst in the world only to Japan.
And if you live in Ireland, you will know we have been paying that penal USC (Universal Service Charge) since 2011 which has been used to try and defray the debt. But with up to 7% "off the top" of your earnings it is probably the most unfair tax ever invented and if those bureaucrats in Brussels get rid of the 12.5% tax what is going to pay the debt then?
And what about the Irish population? In 1993, twenty five years ago, the population of Ireland was 3.45m. It is now about 4.6m. that is a percentage increase of 33% in 25 years. In the UK, the population in 1993 was 57m. If the UK had increased pro rata with Ireland there would now be 74 million whereas it is at about 66m.
So what is going to happen in Ireland in the next 25 years? I expect that the non-Irish population will far outnumber the natives. Will we then get a Sharia law Muslim as the leader of the Dail? Who knows.
https://www.marke****ch.com/story/these-countries-are-saddled-with-the-most-debt-per-person-in-one-chart-2016-11-23
So, my issue here is start blaming the right people. Providence and CNOOC have complied, as far as is possible, with the Directives from the EU but as you will note from the Dalkey deal DCCAE granted the permission but they fell foul of Brussels because they had not properly implemented EU law some ten years previously. If Providence had wanted to sue the DCCAE back then I am sure they would have won a fortune. They did not.
Hopefully, the lessons have been well learnt and every letter of the Directives is being examined for possible breaches and that is why we are now in the waiting room; not for CNOOC and EXOLA but for any Nerd who might poke his head above the parapet to cause trouble and add