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About Torryloonmadegood

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  1. Yes they apparently do something sometimes, but looking at the state of the NHS........its not often ! Teachers....in the state system .....yep true quality worth every £1 Soldiers, yes good point. Police, well, I guess if they weren't occupied with paperwork we'd see some value. "et al" presumably the remaining non-productive parasites wasting OUR tax.
  2. I was under the impression that the various organised religions were a historic system of sheeple control ........an extension of the elite......with first son, getting the estate, second son, into the military, third son got religion. The riches of the organisations directly related to exploitation of the people, what £20 for "forgiveness" - it was only £10 last week ! Hypocrites the lot of them - celebate yet abusers, the rich "poor", exploitation of the people for organisational and personal advantage.
  3. Yep its manic at the moment and great for individual day rates however the subsea construction rates currently being bid EPIC are causing deferments to marginal developments with smaller debt/reserve funded Explorers. There is a correction coming, even without a further gobal wobble, I guess we'll start to feel the slow down in about 18 months time.
  4. Unreal the parasites as usual - trimming at the edges yet doing nothing to improve the value from our tax spend. Never mind cutting the school meals and other tinkering while maintaining the status quo what about sacking 75% of the so called "workers" in the public sector starting at the top. Useless, generally incompetent and the majority of the endless layers of paper shufflers unneeded. There is an article in my local paper claiming over 50% of the local councils employees are bullied........what were they asked to do a bit ? Take less that their "statutory" 30 days sick a year ? Eating high on the hog while the country goes to the dogs. Lets sack the lot and start again !
  5. If someone has the the skills and opportunity to contract why would they choose to be PAYE ? I'd always been staff but it became a mugs game after the 2011/12 budget. Personally, the insecurity (like any job has security these days) is nothing in comparison to the knowledge that my hard earned was being robbed to support both the feckless and a bloated non-productive and totally parasitic public sector. Made my blood boil.
  6. http://www.housepricecrash.co.uk/forum/index.php?showtopic=184200&st=750
  7. Good points to be honest. Key in the UK, in terms of shale or other tight gas - pumping limited oxygen through coal works brilliantly as well - is the environmental issue. Its just not going to be accepted even if the technical arguements are correct - it will never be accepted by the "earthquakes in my garden" NIMBY or worse the blinkered idiots who can't (or rather lack the sophistication to) understand the overall madness of wind from both an economic or environmental perspective. Funnily enough - at the moment Aberdeen is a top pay spot due to the limited skill pool. At the moment, we are having to carryout the bulk of our detailed design work in London, due to the shortage of skills in town. London has always been the preference for large projects - field developments etc -due to the significantly larger design skill pool in London. Aberdeen simply isn't physically large enough to reliably pull together a 100 man plus project team in a matter of months yet in the current market in Aberdeen its proved impossible to recruit any experienced guys. And, as you say, its a global business, certainly most guys rotate or expat at some point in their career.
  8. The overall production decline is obviously bad for the tax take but actually good news for jobs particularly in Aberdeen where the majority of the "minor" projects are based. The remaining fields have smaller reserves and have shorter plateaus hence the infill developments being done at the moment decline faster, yet it takes virtually the same "resources" in terms of people and services to bring a single well tie-back as as small field tie-back. The small fields allowance is encouraging these developments, hence the pressure on resources and resulting increase in cost and personnel rates. Until at least 2015 will be manic.
  9. Useless public sector parasites.......enjoy the trough while you can, the day of reckoning is coming !
  10. Public sector "worker" thats a contradiction in itself.........non productive, wasteful parasites more like. Now I'd vote for ANY party that stood for sacking the 80% of the public sector thats isn't directly involved in essential services. Unfortunately, most of these non-producers are simply unemployeable in a "for profit" environment.
  11. http://www.bbc.co.uk/news/uk-scotland-scotland-business-20513667 Hence, days rates up, 10 calls a day from agents.......even arts graduates can make a decent living in a supporting role. And as the North Sea is a mature basin, plenty of opportunity for creativity and novel solutions, exciting times. At least its one sector thats not been dumbed down to median ability to fullfil the "entitlements" of a generation. Interesting concept, hard work, a real degree and a positive attitude to life/work still pays. . Off to put some fuel in the Range.
  12. Only wha,t 5-10% of jobs actually require "proper" university level professional qualifications almost exclusively as a foundation for professional training with properly managed competency schemes, yet the targets for the numbers in higher education are, what ? Maybe peoples expectations need to be reset......an arts degree from an ex-technical college is worth peanuts because at the end of the day it earns peanuts, you might as well go straight to McDonalds or the local supermarket apprenticeship (don't get me started !). Media studies, event management, starwars as a MSc thesis oh get real. Minimum wage garanteed ! If a kids not up to a real degree (one that requires more than 2 hours attendance a week) or an arts degree from a Russell Group list then its money absolutely wasted and its only going to get worse, how many media studies related jobs are there during a recession ?
  13. Should have added that the economics of wind are so poor even without considering the life of asset replacement/repair costs that you have to reset out of the "for profit mindset" so its not worth putting a huge amount of effort into understanding the reliability stats. The generators company will look at the reliability stats but to maximise their profits (base line subsidy dependent). So in a nutshell - wind turbines cost more to install that the electricity they generate over their life cycle is worth.
  14. To answer a few of the issues raised, Current reliability data will be treated with the utmost confidentiality by the vendors particularly for R&D heavy, highly engineered products. Old data is just that, old...however in reliability analysis its highly unusual - unless its being carried out by a vendor - to work with sufficient data newer than 5 years to give confidence in the results. Most data is by default historical therefore the historical data has to be considered. The Client will have access to up to date reliability data during the bid process, it will be requested and used to normailise the bids, factoring the top line cost with life of asset, inspection, repair and maintenance (IRM in the lingo) costs and frequency and now adays, most importantly, abandonment costs to dervive a qualitfyable overall life of asset cost for bid comparison. These overall costs are risked and the NPV considered. Reliability papers tend to be MSc/Phd outputs so are highly technical, not surprising some are struggling to understand the issues in this thread. Looking for the one scrap within a 400 page thesis that supports your opinion, kind of misses the point, don't you think ? Anyways, at a basic level, initial failures covered by warranty - (the analysis either side of the warranty insurance premium, is acturial level mathematics), then we have a period of steady state operation with ongoing IRM followed by the inevitable end of life failures. This is the key, at what point to the commulative cost of end of life repairs equal the cost of replacement, any sophisticated piece of equipment has numerous sub systems all of which are made up of components, all of which have a mean time to failure. These are analysed to give an overall economic life expectancy. Now this can be taken a stage further by looking at the impact of onshore vs. offshore, relative maintenance costs and the outage periods associated with the repair of the same component/subsystem in either environment. The cost ratio on/offshore is 7 i.e if it a repair costs you £1 onshore it will cost £7 offshore, while you may be able to effect repairs in a few hours onshore it could be days, weeks or indeed months before a similar repair can be carried out offshore depending on the time of year, the availability of access platforms etc These costs are factored back in and risked, to derive probabilities. On Blyth, from memory, this was around 5 years passed on a P50 case. To cut a long story short, to quote 5 years between turbine failure is very simplistic however it was and I suspect still is a pretty reasonable basis for discussion. In any event, the economics of wind are so poor that no profit organisation would enter the market. The politics of Europe are to have 20% (I think) renewable therefore incentives are required in the form of subsidies that you and I pay for. Its our tax thats being wasted.
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