The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I think it kinda depends on what you mean by "works" and "scale". Exxon claim they have done it, but that is just pumping in CO2 to push out oil. There is no evidence the gas stated where they put it and is still there and nor is there a warranty for all our children that it will stay there. What is true is the amount of CO2 that came out was greater than what went it. Norway is claiming to do it now as their feed to the UK of decarbonised hydrogen. Again no warranty and once those storage areas are filled up they cannot be used to store something useful like hydrogen for example.
The only one I still really trust is the Icelandic one that turns CO2 back into rock. Scale? Nope.
Like synth fuels just another bunch of clowns trying to use their clown cars. It would be funny if it wasn't so frightening that our leaders really cannot take their vacuous brains out of looking at poll numbers and focus for once.
The Simpsons tell the tale of the Monorail man. Every so often a monorail salsman comes to a city and sells perfect transportation. Here we have the promise of a solution to stupid energy use without pain..... So dummies are buying the story.
Next we will have a large artificial object in the sky to cast a shadow... Just to keep FF companies profitable.
That man really needs to see a tailor.
The good news on Rad 4 this morning is that even the oil industry thinks that the new 100 licenses will be pulled in the near future. So we will get the dodgy companies doing the drilling, oh joy.
Yesterday we had the Professor of Carbon Capture coming on to explain that Carbon Capture works (see job title) but to be fair he explained very well why the green movement don't trust the oil companies to do it. Still the BBC could have done with some balance there. Perhaps a Green explaining why the oil companies should be allowed to attempt it.
I just did the Yougov chat and about half the people don't like controls on ff cars. I hope they like boiling planets and many many immigrants instead
Back to using again
I can only assume some wonk in Conservative central has calculated that, to keep any MPs in the next parliament, they have to go for the nutters vote who don't believe in climate change and the same wonks don't think strategically but only very very tactically. I cannot vote for them (I live where the Con candidates offered are so bad because they never get it) but right now, I really cannot stomach voting for this band of grifters/Ex Brexit party members.
More obvious, in your face, evidence, at a time when the conservatives lack of reality is becoming more evident
And yet, the fires from petrol cars no longer go reported
"Every year in the UK, over 100,000 cars which equates to nearly 300 a day go up in flames and around 100 people die as a result. Around 65% of these fires are started deliberately to cover criminal activity, to make a fraudulent insurance claim or as an act of vandalism" which means that 35% are not deliberate or 35,000 a year
I'm not sure what percentage of the Gibbs free energy will be over come by modifying the electrolysis material and the gunk between the material anyone have any ideas? I'm also not sure how much of that development would be constrained to be only available to ITM rather than any of their competitors but clearly Dennis thinks he has the contracts in place he wants and it will give him a significant step change
Hi Jeff, chill man this is a very useful site with some well developed relationships and a great understanding of the market and the company. Your input is welcome but chill please.
Mott and Gore. Anyone really understand the difference elements these both bring?
No one knows
I'd not worry about Ceres
I would recommend joining investor meet company and come to the meeting, going to be a show
"the financial year-end audit process is well advanced but the group's auditor, grant thornton, has requested additional time to complete standard audit procedures, meaning a delay to the previously announced release date of 27 july 2023."
no way would grants **** up that badly, they know the timescales required of a plc, so more logically
1) there is something in the wind that would make the annual report meaningless
2) there is something they have found that is serious
3) dennis wants to change his views on capitalisation that they will not agree to (or similar shouting match) (extremely unlikely btw)
Well this is un likely to be the accountants have found something dodgy as that would have been highlighted some time ago.
Going back something like 3 weeks, well Shell are selling off a bunch of green assets so maybe that will move forward or maybe there is a big order coming through, or Linde want to buy the company in house. Those are the only three scenarious I can think of while I eat my porridge.
A quality problem shouldn't hold up a report with one day to go. So I think this must be something significant
Hi Jeff welcome to ITM, as a long term holder (10 years), my view is ITM have managed their engineering control and their sales processes badly for most of the past 10 years. Over the last five years I have pushed for a CEO replacement and am very happy that Dennis has joined. However I do not yet believe that LInde is correctly motivated to drive hydrogen orders towards green via ITM, I also believe SNAM have done nothing and Shell is an evil parasite on the human race. Thank you for your input
Just to try and put this to bed. I take part in a Repair cafe once a month and we fix stuff people bring to us. 50% of the items don't work because they are dirty inside, full of dust or, toasters which are full of crumbs. Roughly half of everything we see are toasters.
If people just cleaned electrical objects and UNDERSTOOD ELECTRICITY to the level of an O level physics or technology course.
The other question was what is the government doing about it. It provides a free education up to 15-16 with the opportunity to continue to 18-19 and beyond. It sets standards for electrical working, electrical manufacture and domestic/industrial maintenance.
My own conversations with our local firemen. They claim that these standard have changed their work over the last 30 years. Long ago their work were all about gas and electricity fires. Now their work is all about cutting cars apart and pumping out flooding.
The growth of fossil fueled cars and climate change disasters now consume their time.
It is worth noting how many fires are caused by smoking and candles. Both should be banned.
Yes it is a plastic and, given the very low pressure of the retail gas system hydrogen will not diffuse through it. What hydrogen will diffuse through is dislocations and cracks in steel pipes.
The welding of plastic pipes is a highly sophisticated process with all responsibility being taken by central weld engineers, localised x-ray technicians and the use of the cloud and AI.
Whole sale pipelines are higher pressure and suffer even more rigorous checks and controls.
Hydrogen, by its very nature does not "pool" it disappates, while methane pools. Hydrogen is safer.
CO2 laser amps at 24 V and 48 A can give you a light suntan and problems for the electrical heart stimulator wearers.
The Volts are not the issue it is the Amps. The power that passes through a small resistance (like my finger) is Amps x Amps/Resistance. So with a small resistance high Amps will blow my finger off.
Scalectric is low amps and low volts so it will not