Cyprus-Forum.com

[Nikitas]

Later today we will know about the existence of gas or oil in Aphrodite. And then the question arises, how will the income be used in Cyprus.

There are several models to compare. Kuwait for instance has a generous allowance for each citizen. That would be too much for our leaders to stomach, just giving peasants money to burn, not the done thing. The other model is the western European way of taxing the oil company and using the money to raise the general standard of living. Norway does it this way, the UK tries, but does not quite make it.

There is the third group of oil producers, like Nigeria, where the local money lords have the deal sewn up to their specificiations.

My view is that ALL Cypriots, in Cyprus and overseas, should be made stakeholders in the resources by being given share certificates, non negotiable, in the public oil company. This will give them a small financial stake, but also a right to attend annual meetings and vote. The last thing we need is for the usual rich families to be handed projects designed specifically to make them richer. They are rich enough. Also, no politicians should be trusted to deal with the oil negotiations. This is too big for any politician to handle.

Later today it will be interesting to see what Noble has to say. Even more interesting will be to see the market reaction and the effect the news will have on the spreads of Cyprus bonds. Interesting day ahead.

[bill cobbett]

Don't forget people, the indications may come in a Noble Conference for Analysts in Houston, USA, starting at 8am Central Time.

Being streamed live for your viewing pleasures at... http://investors.nobleenergyinc.com/

... but there is a simple registration process... just needs a name and email address.... and then do the system check to make sure you can receive the broadcast.

[Get Real!]

My view is that ALL Cypriots, in Cyprus and overseas, should be made stakeholders in the resources by being given share certificates, non negotiable, in the public oil company.

You remind of a pre-war story from the village…

A couple of bored scammers one day sitting at the local kafenes, plotted to socially elevate an old neglected lady by spreading rumors that her wealthy great uncle in the US had died leaving behind millions of dollars and her as the sole beneficiary! They even had a newspaper clip of such a deceased and tied her to the case.

Overnight, the old lady went from being poor, neglected, ignored, and even ridiculed, to receiving daily offerings of food, delicacies, and other goods by her now interested neighbors who were hoping to win her over for a share of the spoils!

The old lady now started raising her hands in the air and thanking God and the two news spreaders for the newfound “love” she was suddenly enjoying…

“O theos na dous doxasi bou mou eferan tosi agabi!”

Ade tsie o Nikitas dora… he remembered the old insignificant lady!

[Nikitas]

I've been harboring fantasies of dressing up in arab head dress and driving around Limassol in a Merc, with gold plated fenders. Starting up a camel ranch, mooring the old dhow in the marina, all those things you can do on welfare in Kuwait.

[kurupetos]

I've been harboring fantasies of dressing up in arab head dress and driving around Limassol in a Merc, with gold plated fenders. Starting up a camel ranch, mooring the old dhow in the marina, all those things you can do on welfare in Kuwait.

Are you saying you don't own a Merc?

[kimon07]

http://www.defencegreece.com/index.php/ ... ubic-feet/

[humanist]

I personally prefer the Kwait option thanks ... that way we can support people from poorer countries who come to work for us

then you see a quick solution to the Cypro with all TC's moving into the RoC

[Nikitas]

Kurupetos said "Are you saying you don't own a Merc?"

I do not own a car. I have a nice whie bicycle though.

[humanist]

my bicycle is red

[Get Real!]

My tricycle is blue!