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@Ddraig 11:59, @Villa01 , @phrontist and et al.
Over 6000 products made from HALF of a barrel of oil...even if the EV/ hydrogen car market eats at or up to half of this we will still need half (that’s depending on new eco friendly recycled materials to make new products with) china is key marker for industrial (and pollutions) chemicals. See a partial list on the 2 links provided and see if there is and eco friendly recycled alternative ..
https://www.ranken-energy.com/index.php/products-made-from-petroleum/
https://innovativewealth.com/inflation-monitor/what-products-made-from-petroleum-outside-of-gasoline/
Transitions pace into eco friendly recycled sustainable vs. Good old monopoly wether economic or corporate
Loo at TOTAL going into more greener pastures shedding away the old way of fossil fuels, guess they wanna get in to the market sooner than later..
Dazzle
11.31 et al. I stated some thoughts before on this. Its worth remembering the oil is used for so many things such as plastics (which we really haven't an alternative in the main), rubber (inc tyres etc which unless we develop hover cars you'll still need), heavier fractions for tarmac and other construction materials (again unless we have hover cars we'll need road surfacing.). I think EV for trucks and large long distance goods transportation will lag significantly, same as ships and planes (maybe hydrogen fuel cells but thats a way off given the energy t produce hydrogen and the ability, or lack thereof, to store.)
Whilst I actually fully accept we need to make in roads into changes for future generations...it'll be a generation or 2 and that also depends on what the population hubs do, namely India and China...seem more questions than answers at the moment and that may support prices in the medium to long term
For those interested i paste a link to a Google search of stats showing EV sales up to 2021. Not sure of accuracy.
https://www.nextgreencar.com/electric-cars/statistics/
SA/RodRod1
My post stemed from Phron's comment that EV's would be dominant by the end of the decade thus leading to a reduction in oil consumption. IMO an optimistic estimate, as I feel current roll-out will level out whilst all the points both of you have made are covered. It is an interesting topic which should perhaps continue in another chatroom but does ultimately reflect on the likes of 88, CP and the industry as a whole. Again IMO the launch of EV's and the billions invested in development has somewhat forgotten that we need a stable infrastructure to support it. Accompanying that is the need to sell the idea to the greater populous of the Americas, where oil is king. Filling the major cities and reducing emmitions is all good, but serving rural areas and developing commercial vehicles to haul freight over long distances is a long way off.
9:09 rodrod1, thanks, very interesting and illuminating.
SA
8.44
My son is in the EV market. Their business is GreenDawn and they are installing rapid charging points in a variety of places as well as the lower costs, slower versions. Rapid EV charging points require considerable expertise as regards electrical supply. |Many of the earlier charging points were fitted by companies without the necessary electrical knowledge. Lots have had to be replaced already as they are a danger to the public.
New charging sites include football grounds, golf clubs, zoos etc but the biggest expansion is local authorities and commercial enterprises.
Investors are typically funding 100% of new installations where the site is also readily accessible to the public. The land owner gets the cache of rapid charging points and also an income from the electricity sold (not their electric, the investors provide the feed too.)
Yesterday 19:20
villa01, just catching up on yesterday's postings and was interested to read your thoughts on EV penetration.
What is your view on Transport-as-a-Service in particular rather than EV as a whole? Every day's a school day for me on this topic but my (current) view is that car ownership will fall into slow decline as it quickly becomes more economical for companies to offer fleets of driverless cars for trip-by-trip hire. The timescales involved could obviously debated but I suspect the most pessimistic (longer) forecasts would work against any business case for investing in widespread upgrades to electricity supllies in residential areas. My presumption is that TaaS fleet cars would return to (a suitable) base for charging where the electricity infrastructure is already adequate or where a viable business case could be made for more focused investment.
Given your expertise in this area, I'd be very interested in your views as part of my further learning.
Many thanks,
SA
Yesterday 17:16
Phrontist, just catching up with yesterday's postings.
A sell off over three (or more) tranches with proceeds proving up subsequent tranches and unlocking yet higher value in each.
Now I'm with you 100% on that ambition.
#samehymnsheet
SA
I think phrontist has spelt it out previously with stating the assets we have. The investment from Eric opstad. The millions of shares bought after we dropped from 3-4p down to 0.95p I think it was. Bounced back almost immediately. The fact that this has been a 7-8yr journey I believe, leans even more to a sale. It’s not like this has happened over night. The reason it dropped so much is all the short term buyers panicked and the big boys mopped it all up, laughing probably. It has even been suggested that the rns was designed to do that. Can’t wait to see where this eventually goes. Sp going up or down shouldn’t matter to anyone. The long term goal of dw and 88 is to be sold. I’m here until that happens!
19.13 Interesting take on The potential thoughts of a big player like ConocoPhillips. Cheers for posting Ford. I feel many investors will be thinking these thoughts and could well be the reason the share price had its rush of blood a few weeks back, buoyed on by the start of the drilling. I can't help thinking that some loose lips may have been pursed to blow (fan) the flames though. And I hope they do so again tomorrow or Friday!
We do however, need a BOD that truly acts in the interests of shareholders through any closed door deal making. I'd hate to think of what could happen if ConoP played hardball and feathered the nests of a few at the expense of the majority of LTHs. DW leaving in May is a worry but I really hope he has protected our interests on his way to the bank with his wadge.
I've got to be really really honest. I will actually be disappointed if this doesn't deliver a ten bagger from here after the best ever drill by 88E. I wont cry, but I can hold a pretty mean grudge. ;-)
If there is no sale, I'm happy to wait for more drilling to derisk further, hopefully with funding pulled out of one DWs hats or his successors' which protects from too much further dilution.
Good luck all. I can feel something happening soon though. Eeeek!
GS
Impossible to have everything electric, not going to happen. All these energy and electric companies are doing great I’m sure. I’ve got some investment in some of them. Fossil fuels are still the way forward. How much will the last billion barrels of oil be worth?
Honestly I do know know to spell number!
19:20 Exactly and that's why the bomber crunchers stated that we would need 3 new power station's based on early battery charging technology, which has now moved on meaning that we will now need more.
Starter for 10, how long does it take to build a nuclear power station?
Villa01, those in government setting arbitrary targets have no concept of the practicalities. I think they've dropped the more egregious recommendations now, but some of the reccommendations on early household Energy Performance Certificates were hilarious, several thousand pound micro wind turbines to save twenty quid a year - with no thought to potential maintenance and lifespan.
One thing I am happy to comment on is the progress of electric vehicles and their requirements. I work closely with network providers who are starting to raise concerns about the capabilities of network distribution, specifically in suburban areas pre 1980's . The average vehicle charger draws 32A with some larger vehicles 63A. The average pre-80's dwelling is fused at 63A, with consumption following some diversity averages 20A so adding charging points for houses that could easily have 2 to 3 vehicles is of major concern to provider's. Our networks have already seen a huge increase in consumption with tech development and demand for power. Adding more electric vehicles only compounds this problem.
Enjoyed a few posts from my usual favourites.
Just caught up on all the posts today. Saved the best till last. Good luck all!
Not many posts from me on this board, other than a few jokes as I refrain from commenting on learned, factual statements far above my knowledge. One thing is for sure tomorrow's probable drop will see me topping up for the awaited RNS, and if, (a big if imo) we end up waiting till the next freeze so be it. I have held faith for a few years and will continue to despite opinions.
I must say I have learned a great deal from this board since joining, and thank you all those that take time to post facts rather than garbage for amusement or antagonism.
GLA.
Mr Martini....
Nice to see you back and walking on the wild side.....
My view today?
Drilling holes, fiddling with High Tech equipment, hoping for a line of Oil Flow Tests?
This takes time and money. We have had 7 years of it.
Time to sell the business, no question.
We have 3 main Project Regions.
Sell a minimum of 1 NOW.....it will then finance bringing the other two to fruition, comfortably.
AND have some Cash for us ignored shareholders by way of AIM prescribed Capital Refund process.
If 'demand to buy a Project Region is greater than supply, ha ha', then sell the other regions as well.
By the end of this decade electric vehicles will be dominant.
America needs our oil, lets sell it to them, I say.
Phrontist
15:43
Mr Martini another old timer who has been through the good and not so good times, well it's our money and our choice isn't it even it it seems to offend a few.
At least you are not like some who sell and then decide to talk the share down for a lower buy back in , if they realised how obvious they are :-)
Hey Brom....last time I posted I said I was on a free carry, finally, relieved and thanks for your comment at that time ....but......then I bought all in again! Why? Well, for me, even if I risk losing a very large percentage of my savings, I realised I couldn't be out of it, just could not...too many possibilities to ignore and I would never have forgiven myself if I was out and all came good after 6 or 7 years of waiting and waiting,...I realised that I still do believe, like Phron, Like you and all the LTHs...so I'm at peace with it...whatever happens, I am true to my dream and my eternal optimist nature....Good luck to us all...Be well.
15.10 - I get the fact the unknown to some is unknown....for me the the comments by DW and qualified independent spectators tells me the simple characters that haven't be satiated with a 'route 1' drill result may be kicking themselves in a few weeks...but there is enough information there to tell people that this time is different...everyone is welcome to interpret that in any way they want, but it appears most are thinking its the same as previous drills with little intuition...I give up.
Its still annoys me that Charlie-1 reinterpretation got no value back from the market...says everything. And unfortunately detriments us all as industry must be laughing their socks off that they could offer peanuts for gold....
"The triple combo measures “gamma-ray, resistivity and density of the formation while the NMR provides an estimate of the mobility of the fluid present. In aggregate this data can be interpreted to gain insight into the clay/sand content, fluid type, porosity of the rock and mobility of the fluid in the rock,” Frank said."
Pretty well the factors required to calculate cos .
https://www.petroleumnews.com/pntruncate/90654407.shtml
I wonder if we will see an update of the ERC report.
https://clients3.weblink.com.au/pdf/88E/02344480.pdf