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TM,
Snige and myself know skins waterproof . Lol
A lot of the clothes we wear, the houses we live in and the public transport we use has a considerable oil content.
Think of nylon, acrylic, polyester and polypropylene and we have masses of the stuff. Although there are alternatives, we have to bear in mind the fact that alternatives don't necessarily last as long and therefore regular replacement of alternatives uses a lot more energy.
We could use heavy duty paper carrier bags but how many times will we replace these before the plastic one wears out and how much extra energy has that taken. It also takes oil to make tyres - last time I looked some years ago it took around seven gallons of oil to make an average size car tyre. So giving up oil is not that straightforward.
The first Electric vehicle was manufactured over 100 years ago..its the future ! There are not enough Rare earth minerals on the plannet to replace 1.5bn ICE vehicles. A wind turbine and a solar pannel take approx 3 years to replace the energy used in their manufacture.
John, Snige... I hope you've got your flak jackets on spouting your electric witchcraft over here.
Auson ,
Think back 9 yrs , 2010 election , we were told at anyone time there are 10 supertankers lying off our shores waiting to offload crude to refineries . Their pollution matched the equivalent of all vehicles on our roads , daily .
Agree , REM Extraction has an unhealthy footprint , but new technology is coming on board , environmentally neutral that can power a SUV 1500 miles before recharging .
https://www.facebook.com/metalectrique/
Getting ICE off our roads will be a double whammy to the environment . James Dyson spent £1 BN of his rewards for taking risks on battery technology, he was behind the curve , the above link beat James to it , hence why he threw in towel a month ago .
If lloy don't sponsor/finance renewables , we'll be behind curve also . It's up and coming technologies
The world needs the highest quality energy which is currently electricity and the first world will move more to renewables as the price drops.
There will always be a place for oil,the world is awash with it,but most of that oil will never see the light of day, not only for political reasons(Iran,Venezuela )but the third world will be unable to afford it, especially that oil which is expensive to extract-Falklands?
BB , REM extraction makes present wind technology environmentally unhealthy . New technology will replace and cut down on friction / conductivity of moving parts , hence why wind technology is coming down in price . In 5 yrs battery technology will be able to hold 2 months of charge with a cycle of 250 times pa .
We have no choice but to adapt to the future . Lloy should finance renewables as Gilts will yield 0% in 5 yrs , if not negative .
John46,
Sorry mate thats just not true. To make an Electric vehicle uses more energy than to make a combustion engine vehicle, hybrids too.SUVs also in high demand use more fuel. Besides aren't Germany still burning coal ? Aramco IPO is because they need $80 oil to balance their budget and currently shale is going full tilt..bankrupcies coming on the shale patch soon.
Renewables arent green or even renewable john. Don't bring our children in to it.
Calisto ,
Brent is heading South . Renewable growth is exponential making fossil fuels redundant before 2040 in Europe , hence why Aramco trying to offload equity on to market asap . German feed in tariffs of renewables dropping on account of over supply .
https://www.cleanenergywire.org/news/german-renewable-power-producers-face-uncertainty-feed-tariffs-expire
Whether we agree or not , our children's future is green .
PMO , too many gaps to downside .
from memory it cost PMO about 1billion and it will need its share of 1.8bn to develop[ but who knows how much that will escalate. PMO still has a lot of debt and I am not an oil price bull either. Financing will be not be cheap.
Asperger1
Good set of figures for 2020 lets hope it's Lloyd's year for some growth on the share price to
banks being first stocks to bounce
Callisto - wrong re PMO, they'd have not developed Sea Lion in the Falkslands yet. PMO were nearly broken by developing Solan off Scotland.
still think it will not be easy as geology is not well understood and the region is politically sensitive. Its virtually broken Premier Oil.
calisto,
Wrong.. Falklands environment similar to North Sea. Infrastructure not needed as it will be a Floating Production Storage Offloading rig. Tankers fill up and ship off to buyers. Viable at $60 Brent UKEF predicting $65 Brent average going forward. Nice low tax regime in The Falklands.
https://en.mercopress.com/2019/10/25/falklands-oil-industry-has-three-planned-and-announced-three-fpsos
cheap oil around the Falklands? Lol. Its an extremely hostile place weather-wise, the geology is extremely complex. and politically highly dodgy. No infrastructure to speak off and the oil price is too low to make it commercial.
Love you.Indeed you make a valid point, but at the beginning sometimes existing on a shoestring is all there is.Though where I agree with you is as things progress quality and especially time becomes paramount doing something yourself to save money may make you late for a meeting the importance of which only becomes known over years can be counter productive.Wasting half a hour doing a menial task that could be delegated with one 20p call and a inconsequential charge is silly.It comes down to a judgment call and when funds are tight that can be more luck than business acumen.My answer too. it now is spread the wealth and leave something on the table for the next guy.Expansion is the way to go.
The result of an austerity mentality is getting none of that beautiful feeling of being able to take exactly what you need and have a bit spare as well.
The result of having a mentality of excess/abundance is a feeling of well-being and security which makes it easier to continue to grow and to maintain that security of energy supplies, food supplies, new clothing, and pleasurable activities.
Please help us as truly the lunatics have somehow taken charge of the economy.
We know there is lots of oil left such as around the Falkland Islands for example. Why on Earth wouldn't we extract this cheap and easy to access energy?
So your son does the tea round now ? You should be proud he followed in his Dad’s foot steps. I wouldn’t be too hard on yourself carrying on for 20 years longer than you wished. The pay can’t have been great.
Retired two decades ago,and frankly I should have gotten out of the way earlier.
Waste is a good thing as only a rich society has high levels of waste.
People who want to reduce waste don't seem to care that this comes at the cost of a reduction in choice for citizens.
The whole point of being secure in life means to have an abundance, or excess, of everything you need or desire.
The Greens are literally saying they want to make society poor. A poverty of choice. Constantly close to shortages. No excess in the system. None of that beautiful feeling of being able to take exactly what you need and have a bit spare as well.
Please help us as truly the lunatics have somehow taken charge of the economy.
If you dislike Lloyds and its board of directors so much Cuckoo, what do you continue to keep posting here ? I mean you’re not invested here so I don’t actually get your raison d’etre on here.
Are there no other social media forums for you ? There must be some Communist/Marxist forums for you where your views would be more readily appreciated.
jr the dynamic may change when your 'colleagues' find out how much time you spend on here ;-)