Potentially 60BB of oil in Falklands waters.......

[Tempest]

Originally Posted By: Shannow
http://www.factmonster.com/world/statistics/mostlivable-leastlivable-countries-2007.html

Standard of living isn't just having "stuff".

Given the progression from work providing a standard of living, through overtime and extra hours maintaining it, to the current model of borrowing money...does stuff bought through debt rather than savings improve or detract from living standards ?

They list Iceland as #1!

Have you seen the condition of Iceland!
Greece is #23!

 

[Tempest]

Originally Posted By: MarkC

Now back to the original topic, even if all the potential oil mentioned is there, it doesn't belong to us, does it?

Then who does it belong to? Should we just leave it in the ground and not use it?
Quote:
Family-owned company.

Are you very sure that they aren't incorporated?

The cloths, oil, car, gas, domicile, computer (and components), electricity, internet, TV, etc...that you purchase are all made by corporations.

 

[Samilcar]

My in-laws have partnered with 3 other families to co-own rental properties in the small town we live in. They have incorporated for tax purposes. The small company I currently work for is also family owned, and they are also incorporated.

Once a company starts making a certain (very low) threshold of income, taxes start to become too onerous for a business that isn't incorporated.

 

[Samilcar]

http://news.bbc.co.uk/2/hi/business/8592734.stm

Anyway, back to the original topic, the first test well has been disappointing. The UK and Argentina might have to go back to fighting over herds of sheep again.

 

[MarkC]

Originally Posted By: Tempest
Originally Posted By: MarkC

Now back to the original topic, even if all the potential oil mentioned is there, it doesn't belong to us, does it?

Then who does it belong to? Should we just leave it in the ground and not use it?
Quote:
Family-owned company.

Are you very sure that they aren't incorporated?

The cloths, oil, car, gas, domicile, computer (and components), electricity, internet, TV, etc...that you purchase are all made by corporations.


A. It depends on exactly whose territory the depsoits lie within, I assume it's either the UK or Argentina, but definitely not ours. Is that difficult to understand?

B. Yes, what's it to you?

C. So what? All I said was that it's just as stupid to trust big corporations as it is to trust governments. If you think otherwise, you need a history lesson...and you're also just naive as the people you mock for their alleged faith in government.