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The screamers on here - getpoo, godawful and so have actually turned the volume up!
Just waiting for ranting ralphski, old F*rtstone and Surplus to requirements to join in.
Gawd it was only up 0.5p today but seems to have wound this lot up!
The Godawful and ranting ralphski balloons have finally slipped their moorings
Floating merrily up to the stratosphere.
When the price was 6p Godawful said he's spending 60k a year buying these.
So he's looking to buy 1,000,000 shares a year
And says he already owns circa 0.4% or around 1,900,000 shares!
His balloon is full of hot air and floating high
Actually, the Government has just announced an imperative national requirement to invest in Hydrogen as an energy source.
The biggest imperative for the UK is to get ahead of the game with Hydrogen and not be caught napping as we were with batteries, which the Chinese now dominate.
The serious weaknesses with batteries, are not found with Hydrogen.
About 80% of all industrially produced Hydrogen comes from oil and gas and until there's enough surplus renewable energy to produce it, it's currently produced using fossil fuels, such as oil and gas.
The Government acknowledges that using oil and gas to produce Hydrogen isn't very green, but we need to be developing and building all the kit that will eventually run on renewable-produced Hydrogen (which will still be made largely from oil & gas), so if you think the days of fossil fuels are over, you haven't been paying attention.
Agreed. There's no way that 'renewables' can produce enough energy for our needs. Their energy density is too low and we cannot allocate the whole planet to wind and solar farms. Hydrogen is a clean energy in that its use would reduce pollution in cities from cars as its combustion produces water. But people are dreaming if they think the hydrogen is going to be generated from electrolysis of water: it's going to come from gas!
Interesting debate. As I’m clueless about hydrogen can you please explain why it wouldn’t come from electrolysis of water rather than oil & gas?
Perhaps people here should look at ITM Power, an AIM company, providing Hydrogen etc. In Germany they have started to top up Natural Gas supplies, with Hydrogen to reduce emissions. I think 20% Hydrogen is introduced? Subject to changes in infrastructure, likely to be the case sometime here. Though what that does to the price for Gas I don't know.
https://www.itm-power.com/
No position in ITM
Pauldrayton - the real point is that wherever it comes from, but a bit more so when you're electrolysing water, you have to PUT IN at least as much energy as you get out to split off the hydrogen from the oxygen.
That power will come from a power station fed by gas and/or oil, and maybe partly by renewables.
You can then take that hydrogen away and use it to power a truck.
Unclear whether the whole process, including the inefficiencies and friction from the extra steps, actually uses more or less oil.
Should add there's a very small amount of hydrogen that's a by-product of other processes. That's 'for free' and can be used on an experimental scale as now.
But 'industrial' use will add to oil demand
No, it's just "free".
The word "free" is already the abbreviation of "free of charge"!
pauldrayton
As nicktheglobe says " But people are dreaming if they think the hydrogen is going to be generated from electrolysis of water:"
This is because, as Newton and a french guy once said, "energy can neither be created or destroyed".
Thus you would get less energy back by combining the hydrogen with oxygen to create water than was used to split the water into H2 and O in the first place.
On the other hand, with Covid-19 causing an oxygen shortage, the oxygen would be a useful byproduct. .. Hmm!
Not out of pocket, here at RKH myself, Godders99,.....different story with Desire though, got caught with the Oil to Water RNS,....my RKH profits, more than offset, my Desire losses,.....we have the old Desire acreage now, & I'm back for it, plus Sea Lion oil field, of course,.....as long as it takes.
BW
yeh godawful but you always say that so it doesn't count.
and you're still buying 1 million shares a year.
Not a PMO shareholder myself, Godders99,...only bought back into RKH, a few weeks back, after checking out PMO website,.....that's, where I'm getting my Sea Lion guidance from.
As for the arbitration result,....not been back, as an RKH shareholder, for very long,.....happy to wait, for that, especially under, the current world situation.
BW