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I have never traded any shares at all. When I buy I hold them and I started years ago with FOGL and still only have less than 30k shares in RKH. I am only a small time investor and remember when they were £'s not pence.
https://oilprice.com/Energy/Energy-General/IEA-Global-Oil-Demand-Will-Outstrip-Supply-In-Late-2023.html
I will just wait and see,
I have been a LTH since the Gatwick Gusher was first mentioned. I got so fed up with the comments on here that I do not look in very often. I do think SS knows what he is doing but is short of telling us more info especially about what is happenning with HH etc.. Turkey is a part of the world with huge oil deposits and like many others I see this as the turning point for the sp. As the spud is gettigng closer i will check in here more often. GLA.
Orient: 2million
Spacehoppa: 500k
Surfit: 500k
Bootledoger: 125k
Steve0 500k
Pre2rcd: 2.6million
Flipper: 135k
hewaits: 1.1m
markednmbr1: 455k
Daikihaku2: 200k
LaticsRule : 75k
LSEtown 750,000 ish
Godders 3 million
Ovets 800k
Glen 3.5mm
LTT 350K
mike33 180k
kr2009 250k
Blinker 240k
The World Still Needs Hundreds Of Billions Of Barrels Of Oil. Regardless of whether oil demand has peaked or plateaued during the pandemic, what is undeniably true is that the world is going to burn a whole lot more oil in the future before the global community is able to decarbonize entirely - a goal that is still a long, long way off, no matter who you ask.
In its review of the government’s five-year-plan, China Electricity Council (CEC) – the influential industry body representing China’s power industry – recommended adopting a ‘cap’ for coal power capacity by 2030 — but the 1300GW limit proposed is 290GW higher than current capacity. The target is for the country’s coal-fired capacity to continue to grow until peaking in 2030.
The cap would enable China to build 2 large coal power stations a month for the next 12 years, and grow the country’s capacity by an amount nearly twice the size of Europe’s total coal capacity.
There are lots of NIMBY's there. Stephen Sanderson says there will be no work at weekends and so much more for UKOG. They are not interested much in what will be saved nationwide but what they may lose.
I am just a pensioner that takes interest but can have no input on this. This is part of our future and not to be lost IMO.
Mention of the road surface makes me wonder why we do not do as India has done so much. Using plastic, partly from old bottles, to resurface roads. Latest reports show that India has already built more than 100,000km of roads using plastic waste, which are proven to be tougher than traditional asphalt roads. Now, Indian's home-grown and affordable road technology that salvages plastic waste could be used in a massive road rebuilding underway, analysts said. Oh yes, oil will still be needed.