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Sleepy and the turf wars:
https://drive.google.com/file/d/16Mj88UV8EKTPKMAyEvAfco8pun-_F6Xp/view?usp=sharing
A handful of trades, the largest was worth about 14K
Over 700k shares bought on the Euronext today.
Biz Post: "Energy use increased 4.3 per cent last year and emissions related to that increased energy use increased disproportionately, by 6.3 per cent, according to figures from the Sustainable Energy Authority of Ireland (SEAI). The disproportionate emissions increase is due to use of fossil fuels. A rebound in demand for oil-products was reported particularly for transport as travel restrictions eased. The figures underline the challenges arising from Ireland’s high dependency on imported fossil fuels, the SEAI said. Low-wind periods in 2021 and less rain for hydro-generation meant that less of our electricity came from renewable sources."
Woint matter as our inept political global awoke appeasing clowns would rather see hell freeze over before admitting they were wrong and give pvr the nod to start barryroe development
An absolute bunch of Clowns the Lot of them.
A possible Norwegian workers strike in the Petroleum & Natural-Gas Industry could be about to occur.
This is not the first time there has been a strike in the industry in Norway.
Irelands with its dependence on foreign supplies of Natural-Gas and Petroleum will be in trouble keeping the lights on within a short period of time if an extended strike occurs.
https://www.nasdaq.com/articles/norway-oil-firms-and-workers-seek-mediation-to-avert-strike
Pvr will run out of cash years before any eu court ruling announced, process will take many years dragged out by successive governments who have time and the cash on their side just look at how long muppet ryan has been refusing to signoff on one part of barryroe development stage and not held accountable for his refusal to act.
Sf for the past 3 years have refused to answer questions on renewable transition period and to give their stance with barryroe they simply refuse to respond and reply to sent emails on barryroe, They will prove to be no different from ff,fg,greens, labour global awoke appeasing Muppets, Barryroe dead in the water.
From the Business Post ESG briefing: McDonald warns of ‘damaging cliff edges’ in energy transition
There is little to be gained from “unmanageable” and “damaging cliff edges” in the energy transition, Mary Lou McDonald has said in a rare speech by the Sinn Féin leader on the party’s policy on the issue.
Speaking at the Business Post National Energy Summit last week, McDonald’s keynote address outlined the party’s position on upgrading Ireland’s power grid, ensuring domestic energy security; supporting industry and workers through a just transition; scaling up Ireland’s offshore wind and hydrogen sectors, and prioritising renewable energy projects in the planning system due to their strategic importance.
McDonald played up the potential of Ireland’s offshore renewable energy resources and said Sinn Féin would support the industry to make Ireland a major international exporter of clean energy.
“If we get this right, we can transform not just energy supply and security, but we can transform Ireland’s economic model,” McDonald said.
She said that in the immediate term, gas would continue to play a role in the energy system, but that the goal was a “fossil-free future”. She described the government’s 2030 climate targets as “ambitious” but added that they were also achievable. She said the country could “not afford to miss this target or lose any more time”.
She expressed concern, however, about elements of the urgent action and hard decisions others believe to be required on the issue.
“There is very little to be gained in creating unmanageable, damaging cliff-edges for our people or for industry as we navigate our way to a successful and just transition for everyone,” she said.
The government recently defeated a Sinn Féin motion that sought to scrap plans to restrict the sale of turf. The party has also campaigned against the planned carbon tax increase in May.
“As we advance change, the wheels of industry must continue to turn, and workers and families must be able to light and heat their homes . . . the focus must be on creating alternatives that allow for real change,” McDonald said.
________________________________________________________________
Does that mean Sinn Féin would be in favour of Barryroe to avoid a ‘damaging cliff edge’? Not on yer nelly. All politicians talk out of both sides of their mouth but the populist Shinners make it a fine art. So they will roast the Greens over the turf issue because that's good for the rural vote, but they will still toe the line on climate because it's a popular issue. In any case, the next election is still nearly three years away. Sleepy is in control until then and he is LOVING the energy crunch. Irish energy WILL fall off a cliff, but he'll be ready to trot out plenty of ass-covering excuses for his gross mismanagement.
Ryan has been very careful not to mention Barryroe specifically but surely there comes a timescale that is considered reasonable in a court of law.
Irelands green awoke appeasing politicians will continue to blame any future shortage of fossil fuels on global external factors sure muppet ryan could be forced into agreement for gas terminal to be built and supplied with american gas than rather give goahead for barryroe project
Any fossil fuel shortage will be used by muppet ryan as an excuise for renewable energy even though transition period years away and ff,fg, sf all share the same energy policies
Gov of the day will continue to sponge oil/gas from where ever they can get it nomatter the cost for Citizens.
What happens when the EU phases out Russian oil and gas? Ireland gets 6% of its gas from Russia so that has to go and it is beholden to the UK for nearly half of its gas.
and..
"Ireland is one of the most fossil fuel dependant countries in Europe and is particularly exposed to geopolitical events which determine how much we pay to heat our homes and generate our electricity."
So, when the UK stops sending us gas because they need it themselves what are we going to do?
Von der Laden also said it will be up to "members" to make up the shortfall. " In 2021, the EU imported $108 billion (€99bn) worth of energy from Russia".
If the embargo is enacted Von der Laden says it is up to the members to make up the shortfall. Ireland is one of the "members" so it has to make a contribution. Where is that going to come from?
Even Ryan will not be able to stand in the way of that and Providence can appeal to Brussels if he does. And legally Ryan has to approve the Providence license irrespective of how long he tries to hold out. After all, Providence planned to drill the appraisal well in 2023 any way so they are technically in no rush for Ryan to fall on his sword.
Interesting times ahead.
As for "Clon" by which I presume you mean Clontarf Oil and Gas, Teelings "rip off", I see they have just diluted from 800m to 2.2billion shares. And you think that is a good alternative to Providence? I wouldn't trust Teeling or his sons any more than I would drink their whiskey.
Sp looks to be stuck between a rock and a hardplace and if barryroe development cant get required stage signoff in a global energy emergency it has fck all chance of Ever getting off the ground, greens,ff,fg,sf all have simlar energy policies so no change from current negative outlook for pvr nomatter who in power, glad i sold 80% pvr position and bought clon
Now that company looks to have a future unlike pvr its dead in the water.
Here is how Eamonn Ryan was heating his house about 12 years ago.
Easy when you have a spare €300,000 & with 2010 prices, probably €400,000 today.
https://passivehouseplus.ie/articles/retrofit/eamon-ryans-eco-upgrade
Amazon just got the green light to build a 49mw centre outside Drogheda.
You can add that electricity usage to the following:
https://www.irishtimes.com/news/ireland/irish-news/data-centres-now-consuming-more-electricity-than-rural-homes-cso-1.4868221
Will take a lot of sunlight and wind to keep these running. Perhaps Ryan can suggest how it will be done.
Yes like a lot of these greens.... he lives in a different world ,not many people in the UK/Ireland can afford to go out and by an electric car, or spend 5k plus on solar panels or heat pumps...... most people are struggling just to run a car and heat there homes and pay for the day to day living, Greens seem to live in a different world to most.
A tax and spend party ,the Greens are not wealth creators.
The weak low pressure system that moved over us at the weekend produced the only wind output greater than 1 GW for the past 7 days, and that only lasted for 19 hours. At 6am this morning with the country shrouded in fog it was at 9 MW ... a mere 0.2% of installed capacity.
Ryan is your typical shampagne socialist pilar of ‘virtue’. There’s a nasty rash of them all over the uk and Ireland
March facts prove how badly Ireland needs Barryroe but gobs***** Ryan still sits on the fence.
I think an email to him asking how he heats his own house would be of interest as he has a handicapped child so I presume they do not leave the poor child in the cold.
https://www.irishtimes.com/business/energy-and-resources/gas-demand-increases-in-march-as-renewable-electricity-generation-falls-1.4865334
Golden opportunity for Ireland on its door step (Barryroe) to help Europe with gas and oil and put some money in the bank .Any way thought this article interesting .
Turning point for oil & gas!?29 Apr 2022 21:55
Europe is yet to come up with a proper plan to disengage itself from Russian energy markets, with recent claims by the EU that it's working on a sixth sanctions package which will include some form of an oil embargo merely papering over the cracks. Europe consumes about 14mb/d of oil, of which about 30-40% (5mb/d) is met by imports from Russia.
Two weeks ago, OPEC+ told Europe bluntly that it's not in a position to help it solve its energy woes. OPEC says that current and future sanctions on Russia could create one of the worst ever oil supply shocks, and that it would be impossible to replace those volumes. OPEC itself is woefully incapable of rising up to the challenge: last month, OPEC posted the biggest output gain in seven months, but still fell 764,000 b/d short of its target. This has become an ongoing theme, with the cartel nearly always failing to meet targets, in large part due to years of underinvestment by its members.
One Wall Street punter thinks U.S. Shale is ready to rise to the occasion.
In a note to clients, Goldman says it sees "a turning point in the oil and gas capital expenditure cycle, as seven years of declining activity have depleted spare capacity in most parts of the industry, and the Russia-Ukraine conflict provides a renewed sense of urgency around security of supply."
Goldman cites five robust factors that could fuel a tripling of oil and gas capex from recent lows.
Shrinking reserves: oil reserve life posted a 52% reduction from 2014 to 2022, as the industry stopped exploring for new resources. Investment delays since 2014 will cost 10 million barrels per day of oil production--equivalent to Saudi production--by 2024.
Steepening cost curve: the top projects cost curve has become smaller and steeper, with incentive pricing at $90 per barrel at the current cost of capital.
Investment growth: we expect oil and gas activity to compound at 11% [per year] growth (20% for LNG and shale) by 2024, from a decline of 7% [per year] since 2014.
End of non-OPEC growth: we estimate that 2019 saw peak non-OPEC production. Non-OPEC, excluding shale and Russia, is starting a phase of structural decline.
These are sentiments shared by BlackRock's Larry Fink, who recently said that elevated energy prices "will spur a huge amount of investing."
Article From oilprice. com
If anyone is following the Rockhopper legal proceedings with regards to Obrima Mare arbitration on their compensation claim .
https://rockhopperexploration.co.uk/2022/04/ombrina-mare-arbitration-update-3/
You couldn't make this up.....https://www.google.com/amp/s/www.irishmirror.ie/news/news-opinion/pat-flanagan-column-eamon-ryan-26836559.amp
A majority in Germany now want to extend the life of their nuclear power plants .
Get this,the huge gas storage facility at Rehden ,Northern Germany,is operated by Astora a subsidiary of Russian Gazprom ! This facility was let run down to less than 10% storage in order to pressurise the German Government .Imagine that,having your fuel storage controlled by an outside country - now look at Ireland!