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Vantage Drilling Company Message Board

happyhorn52 56 posts  |  Last Activity: Jun 29, 2016 5:28 PM Member since: May 22, 2009
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  • happyhorn52 happyhorn52 Jun 29, 2016 5:28 PM Flag

    The sad part is that Obama thinks he has done a good job when in reality he has screwed up everything he has touched.

  • Reply to

    Brexit Not Biggest Risk - Iran is the Key

    by willhuaws Jun 29, 2016 11:54 AM
    happyhorn52 happyhorn52 Jun 29, 2016 1:18 PM Flag

    How many Ladyboys have you had so far?

  • happyhorn52 happyhorn52 Jun 27, 2016 6:20 PM Flag

    Cut me some slack Jersey Bob. When I was in grade school Dodge City hadn't been incorporated yet.

  • Reply to

    7 reasons why some Europeans hate the E.U.

    by happyhorn52 Jun 27, 2016 6:01 PM
    happyhorn52 happyhorn52 Jun 27, 2016 6:14 PM Flag

    5. Ignoring rejections from voters
    The E.U. has a long history of absorbing national ballot-box defeats, then moving onward to achieve roughly the same result through other means. When voters in France and the Netherlands rejected an E.U. constitution in 2005, E.U. leaders came back two years later with something called the Lisbon Treaty, which implemented many of the same changes but through a different legal path that didn’t require checking with voters first.

    6. A Babylon of costly translations
    Depending on how you read it, you might find the E.U.’s tendency to translate nearly everything it does into all 24 of its official languages a testimony to its internationalist glory or a wasteful use of resources. By E.U. custom, all public E.U. documents are translated into every language. All high-level E.U. meetings are the same way. The European Commission says it employs 1,750 linguists, 600 full-time interpreters and 3,000 freelancers

    7. Unnecessary bureaucracy
    Every E.U. member state gets to appoint a commissioner, whose job is a bit like a cabinet secretary in the United States — a politician charged with administering an agency. But as the E.U. expanded, it needed to dream up new cabinet agencies to match the number of members. So it has one commission for international cooperation and development, another for trade, another for jobs, growth, investment and competitiveness, another for economic and financial affairs, and another for internal market, industry, entrepreneurship and small and medium businesses.

  • 1. Pay for E.U. bureaucrats
    Even as individual nations across Europe have had to impose grinding austerity measures, including slashing pay for government workers, most European Union employees get paid generous wages with special, minimal taxes. The Telegraph — an anti-E.U. newspaper — found in 2014 that many mid-level E.U. workers were taking home more money than British Prime Minister David Cameron.

    2. Wasteful travel
    By treaty, the European Parliament can only meet in full session in Strasbourg, France. But most of the E.U.’s operation is in Brussels. So one week a month, the whole apparatus — legislators, support staff, lobbyists, journalists and everyone else, 10,000 people in all — travels five hours to Strasbourg. It’s as though Congress could only pass laws one week a month — and it needed to do it in Cleveland. But this parliament has 751 members. Oh, and it can’t propose legislation — it can only approve legislation that comes from the non-elected European Commission. The cost of maintaining two parliamentary seats is estimated at $200 million a year.

    3. Overreaching regulation
    In Britain, the famous “bendy banana” came to be a symbol of Brussels regulatory overreach, when Brussels set guidelines that bananas should be “free from malformation or abnormal curvature.” Those advocating a British departure from the E.U. said Britons could decide for themselves how bent their bananas could be.

    4. Lack of accountability
    The big decisions in the E.U. get hammered out behind closed doors, whether it’s inside the European Commission or at meetings of E.U. leaders or ministers. Unlike lawmakers in national legislatures, where much of the sausage-making happens in the open, E.U. leaders bargain in private, then announce their decisions afterward, leaving journalists to play detective to figure out who advocated in the closed conclave.

  • happyhorn52 happyhorn52 Jun 27, 2016 1:05 PM Flag

    That is partially correct! One of the biggest benefits of being in the European Union was the freedom to move within the Union without needing a visa or any other type of documentation. In short their biggest benefit was being able to move from historically high unemployment areas like Portugal (12.3%), Spain (20.4%) and Greece (24%) to historically low unemployment areas like Great Britain (5%) and Germany (4.3%). If your only future was getting the hell out of dodge, then your future is definitely in jeopardy.

    Tuttle, just think what would happen to the US if we opened our doors to Latin America!

  • Reply to

    ?

    by chrisandeez2 Jun 25, 2016 10:18 AM
    happyhorn52 happyhorn52 Jun 27, 2016 12:51 PM Flag

    Ensco is headquartered in the UK but only the top seven or eight executives live there. This tax strategy saves them approx $100m a year in taxes. We will have to wait and see how the BREXIT shakes out to see if it is still advantageous.

  • Reply to

    Fear IMF Retaliation for Brexit Vote

    by johnnyboynj Jun 26, 2016 10:42 PM
    happyhorn52 happyhorn52 Jun 27, 2016 12:02 PM Flag

    In the long run the British will be better off outside the European Union. Having 40,000 bureaucrats burying you with regulations is equivalent to having to comply with EPA regulations, Dodd Frank regulations, a $15 hr minimum wage, and meeting all the Obamacare obligations. All together they suck the life out of your business.

  • Ottawa (AFP) - TransCanada has formally filed a $15 billion suit against the US government for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, legal documents show.

    The company first announced its intention to sue in January, but then sought negotiations toward "an amicable settlement of the dispute" surrounding the Keystone XL pipeline, according to legal documents posted on its website.

    Unable to settle, the company formally filed suit late Friday, asserting that denial of a permit to complete the pipeline was "unjustified" under the North American Free Trade Agreement (NAFTA), and that the decision also exceeded US President Barack Obama's constitutional powers.

    The suit is based on Chapter 11 of NAFTA -- the 1994 trade pact between the United States, Canada and Mexico -- which aims to protect foreign investors from potential losses.

    A summit that brings together the leaders of NAFTA's three countries will be held next week in Ottawa.

  • happyhorn52 happyhorn52 Jun 26, 2016 3:11 PM Flag

    Many of our states have GDP's the size of members of the European Union. California's economy is the size of Italy, and Texas the size of Spain. California has a population of 38.5 million vs 65 million for the UK. Texas has a population of 26 million which is larger than all but six of the European Union members.

  • happyhorn52 happyhorn52 Jun 26, 2016 2:11 PM Flag

    The UK only has a population of 65 million. The US is five times the size of UK so it would be like letting 3.5 million immigrants into the US. Wait a minute, that's how many Obama just let in.

  • happyhorn52 happyhorn52 Jun 26, 2016 1:11 PM Flag

    The British made the correct decision although it took tuttle a little while to figure it out. Can you imagine the uproar in America if we had 40,000 bureaucrats in Brussels writing our laws. Laws telling us who we let in the country etc.

    The organization’s research found that since the start of this Parliament in May 2010, a total of 3,589 regulations and directives affecting UK businesses have been handed down from Brussels. It would take a businessman, working an average eight hours a day and reading at an average speed of 300 words a minute, 92 days to read all the 13,321,530 words in all the business-related EU red tape enacted since the current government came to power.

  • A 59-year-old Kansas man was killed when the motorcycle he was driving Friday night collided with a black cow on a blacktopped road. Kansas Highway Patrol trooper Brant Birney said there were no witnesses when James Zordel hit the cow on a paved rural road about six miles south of Interstate 70 near Russell. Zordel was driving in the roadway when the accident happened and it is not clear if he was speeding or if the cow suddenly appeared from the side of the road. "It was dark. He was driving down a blacktop road and he hit a black cow,"

  • happyhorn52 happyhorn52 Jun 25, 2016 10:57 AM Flag

    They have a Queen and we have a ?.

  • happyhorn52 happyhorn52 Jun 23, 2016 10:48 AM Flag

    I my opinion a month is to much time to spend in Bangkok. Flights within Thailand are cheap so you should travel around the country. I broke my trip down as follows.
    1) 10 days Pattaya
    2) 10 days Phuket
    3) 10 days Bangkok

  • happyhorn52 happyhorn52 Jun 23, 2016 9:44 AM Flag

    I love Bangkok! Watch out for the Ladyboys! Keep us updated with an occasional Trip Report.

  • Reply to

    DS-6

    by tambo210 Jun 20, 2016 11:34 AM
    happyhorn52 happyhorn52 Jun 22, 2016 10:04 AM Flag

    As the oil market recovers, expect to see Operators locking in long term contracts at these extremely low rates.

  • happyhorn52 happyhorn52 Jun 20, 2016 2:01 PM Flag

    If it causes the price of OPEC Basket to increase it allows NS Operators to get more for their Brent.

    The OPEC Reference Basket (ORB), also referred to as the OPEC Basket, is a weighted average of prices for petroleum blends produced by OPEC countries. It is used as an important benchmark for crude oil prices. OPEC attempts to keep the price of the OPEC Basket between upper and lower limits, by increasing and decreasing production. This makes the measure important for market analysts. The OPEC Basket, including a mix of light and heavy crudes, is heavier than both Brent crude oil, and West Texas Intermediate crude oil.

  • happyhorn52 happyhorn52 Jun 19, 2016 9:54 PM Flag

    It's going to increase cost for Middle East operators selling into Europe. It's hard guess the impact to EGY.

  • happyhorn52 happyhorn52 Jun 18, 2016 11:53 AM Flag

    We need to get the Homosexual community to target the Muslim community because the Homosexual community doesn't reproduce.

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