http://www.bbc.co.uk/news/uk-scotland-scotland-business-24501261
The operators of the Grangemouth refinery and petrochemical site have warned a threatened 48-hour strike "could effectively shut much of Scotland".
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http://www.bbc.co.uk/news/uk-scotland-scotland-business-24501261
The operators of the Grangemouth refinery and petrochemical site have warned a threatened 48-hour strike "could effectively shut much of Scotland".
I bet the panic buying has started already.
I thought the the government had made it illegal to strike at 'essential' facilities, after the tanker strikes? So maybe just threats...?
@Min: It's like seeing the drug addicts queuing up for their methadone.
This strike won't have much, if any affect at all on the country, wee bit of scaremongering going on there.
Remember the strikes of 2007/8 when Labour did something to annoy them (can"t remember what). That was UK wide, all that happened was a wee bit of panic buying, I remember having to wait in a 20min queue for petrol once during it, but that was the worst.
The country will move along just fine for the 2 days I'm quite sure.
Sadly I think you're very right Baldcyclist. Mainly a lot of hot union:employer rhetoric and counter-rhetoric.
I'm sure it won't stop a lot of panicky buying however.
My memories of the 2007/8 strike was how many people took it as an excuse not to come to work. "But I can't come in, I might run out of petrol"
"could shut most of Scotland"
Just on R4 News, so it must be true.
My memories of the earlier strike were like that too. Fuel strikes mean no food deliveries, so first people panic-buyed the supermarket shelves empty. Then people were so afraid of running out of petrol that they topped up two or three times in a day, emptied the filling station tanks, and queued twice around the block. Then the tankers couldn't get there because either they were on strike anyway or the queues were in the way.
Ride a bicycle and bake your own bread. Optionally, also build your own windmill and grow your own wheat.
Panic buy fuel, you say?
To Greggs!
The revolution might not be motorised, but EBCs delivery trucks will be.
Won't be so smug if the shops start running out of food though.
The strike will have a real impact on the country. Even a short term closure of Grangemouth will result in a closure of the Forties oil pipeline - which lands much of the north sea's oil output. Once this is closed it takes days to restart. Every day it is closed costs the exchequer somewhere in the region of £50m in lost taxes (possibly more). A two day strike could end up costing the UK hundreds of millions of pounds.
I walked over some hot tar today, forgot all about it then flounced around over my Dad's carpets until I noticed my feet were sticky.
White spirit later, the house smells like Grangemouth and my Dad wishes he'd only had daughters.
Every day it is closed costs the exchequer somewhere in the region of £50m in lost taxes
I'd say it's more like delayed taxes - if we lose 2 days of Forties oil now, we'll get 2 more days production life out of the field.
:)
Uberuce: "White spirit later, the house smells like Grangemouth"
the house smells like Grangemouth and my Dad wishes he'd only had daughters.
Because girls are never into white spirit, noxious acrylic primer and electric power tools. :-/
@kaputnik - we may get 2 more days in the field life, but there is a loss of NPV in the field. This, coupled with operating costs, adds up.
*sits on the chauvinist step*
@uberuce, @arellcat a third possibility is girls with similar interests who nonetheless manage to remember to take their shoes off indoors...
Perhaps it's your dad, Uberuce, who should be on the chauvinist step. It's ambiguous.
"a third possibility is girls with similar interests who nonetheless manage to remember to take their shoes off indoors..."
Now who's being chauvinistic?
I am currently staring at an individual case by an individual (female) person that disproves that!!!
I could post a pic.
Off to get the mop.
This, coupled with operating costs, adds up.
Given Forties position as marker crude, if its shut in for any length of time the price of crude world wide goes up. When its able to resume production you retain that bump in price for while until the market corrects again. No loss for the government, no real loss for the crude pumping companies, INEOS still loses though.
I read somewhere once that INEOS is more like a private hedge fund that just happens to own and subsidiary petrochemical businesses that run themselves but send the profits back to HQ, borrowing a mountain of debt to finance acquisitions and then naturally having to be ruthless with costs to cover for all that borrowing.
INEOS is 50% owned by the Chinese:
@Cyclingmollie: Newps, that line came from me.
*huffs on step at how unfair it is for being busted for something he did of his own volition*
Uberuce, don't say I didn't give you an out. Now get back on the naughty step.
Strike is off, but so is the plant.
Time to degenerate into Mad Max 2 style barbarism.
Bagsy the gyrocopter!
Didn't he end up with Max's shotgun pointed at his head, and the trigger on a string that his dog held in its mouth?
'Tis all yours. I'm calling dibs on being the wee radge kid with the tunnels.
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