Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Spent :)))))))
When you buy a good or service anywhere in the world you are paying for oil come on are you lot just acting silly??
How are people spending their dividend on Friday?
I'm paying of my holiday in October.
Y11-shx
What is the relevance of the UK's interest rates to BP's performance (other than, perhaps, the impact on the exchange rate)? You do realise UK oil consumption is 1% of global demand. Your post has zero sense of perspective.
All IMHO DYOR
Happy
20p
I'm starting to believe what he's saying.
How much are we going to loose today?
How am I posting garbage. This is not my research. When oil was $95 I called $65 when all you investors said no no $120 + + We are now looking at BoE 6-7 percent interest if oil goes $120 interest rate will go 14 percent. A 1200 a month mortgage will be about £10k a year MORE at 6 percent and at 14 percent £30k a year MORE. But that’s ok BP share price will be £5 + again.
Aah, come on Mark.
He's not as good as you make out!!
Totally agree with you Mark. Very well said.
Y11-sht
I do not post many contributions these days but your repetitive bilge posts that spew from your severe intellectual disability and nonsensical financial / investment imbecile commentary has led me to post.
I read your contributions on various shares and topic to see if you can surpass the stupidity of the previous one and you always achieve.
With the appropriate amount of respect, why do you post such garbage. Posting a misleading headline about oil and not the context of the article is another example of your absurb foolish twaddle.
Good morning all
UK CPI inflation stays at 8.7% in May.
Economists had expected it to fall to 8.4%
Core inflation (stripping out volatile stuff) RISES to 7.1% - expectations were 6.8%
Https://www.livecharts.co.uk/MarketCharts/brent.php
y11-shx you make me smile
Oil price $35 by 2030 and ÂŁ24 by 2050. Are these price adjusted for inflation????
https://oilprice.com/Latest-Energy-News/World-News/Global-Fossil-Fuel-Use-To-Sink-65-by-2050-CER.html
… added.
Lets see how another interest rate is welcomed. I can see at best 440 Friday and if we have a crash I may be at my 400 re buy level after selling above 500.
It is in my opinion a fools game to assume massive profits make a share price rise .it is definitely run by others to make more money and leave the faithful investors high and dry.i never will understand it.ive got more chance of a decent return with my harbour energy shares than BP being recognised as what it should be.ill be up the chimney before it comes to fruition !!
Every day at 2.30pm almost, the share price dives as the yanks come on the markets with yet another tale of mismanagement. BP drops now in anticipation !
Happy - fully agree but nbot seeing the squeeze in the market and BP is down from its high by 20% - bit of a joke
Or the sanctions where Germany imposes sanctions but still pumps gas from Russia ?
You mean the sanctions where we refuse to buy gas off the Russians, so Europe might freeze and German industry shuts down, but the media peddle the lie that "Russia cut off our gas"
Happy,
You’re right. The West’s obsession with net zero is the energy equivalent of that other well-meaning but lunatic policy, unilateral nuclear disarmament. In both cases one party does the virtuous thing while the other party smirks and takes advantage of the “virtuous” party’s weakness. The West will pay economically for the salved consciences of the woke and woke-hugging politicos.
Sanctions against Russia are another example. There is no point in sanctions unless you get the Chinese, Indians and everybody else on side. And you’ll never be able to do that!
Tinker
Https://www.livecharts.co.uk/MarketCharts/brent.php
Excellent posts
Thanks Plant. Excellent analysis.
I agree with your general conclusion, too. We're entering a period of structural oil and gas undersupply driven by years of underinvestment while China, India and South East Asia will continue to drive demand. The West will pay big time for its green obsession. But energy shares are still a great place to be and will remain so for many years to come. This is structural bull market that could easily last a decade.
All IMHO DYOR
Happy
Https://edition.cnn.com/2023/06/16/energy/european-gas-price-rises/index.html
Very interesting.
The power of this board at its best
HappyInvestor
Re inflation adjusted oil price.
On trading view I have run the chart TVC:USOIL/ECONOMICS:USCPI to get an inflation adjusted graph.
Interestingly, the chart can be split up into sections:
('oil prices' refers to inflation adjusted below)
The current oil price is almost exactly the average from 2015 to now [$71 equiv]
Before that you had the 'pre US shale' Sep07-Aug 14 level that was 78% higher! [$126 equiv]
Between 2003-2007 there was the ramp up period .
1986-2003 was a long era of 'flat', probably ended by China's fast industrial growth - 39% lower [$43 equiv].
(obviously there was volatility within each era but the chart can be split into those 'flat' sections)
I am betting on us entering a new 'ESG,Transition and post US shale' price period that will be marked by high oil prices.
In this period, OPEC+ have the pricing power but on top of that no one can respond to increased demand as the banks won't lend and the governments have made a very hostile investment environment. Then you have the collective green hysteria where the laws of physics don't apply.
I am half excited about the profits that will flow and half worried about the mob with pitchforks that will plunder the company (resulting in even less oil to go around).