Member Info for Bumble1968

Lokiloo,
Being an investor you should know the huge financial risks with oil exploration.
Companies like BP will spend hundreds of millions of £ finding and developing a new field, years in advance, often well over 5 years.
These are huge commitments, with no guarantees on oil & gas prices.
For years gas has been uneconomic, especially in America where if it wasn't for the oil returns many would not be viable.
Prices can swing, and the profitability of these companies can change very quickly as demonstrated recently by the war in Ukraine, or in the opposite direction during the Covid epidemic where oil prices went NEGATIVE.
Let's also not forget that BP may have lost a $25 Billion + Russian asset after being "lent on" by the UK government.
BP does NOT set the oil price, OPEC governs production levels and this influences price.
BP sells its products to a global market.
Before you start putting the likes of BP at a disadvantage you need to ask the UK government why in granting offshore licensing certain terms are no imposed?
We should also be very careful before we start beating a GLOBAL COMPANY with a big stick, especially as most of its most profitable fields are located in other countries, in which I am sure they would be welcomed with open arms.

Barclays,
I'm sure that no one is that bothered by retirment but THEY have had two or three "pops" at people here over the last few days.
A forum should be a discussion board for the interest of all, its not helped by someone coming on here having a go at a regular poster who puts up the daily oil price.
We can ALL get along, or someone can make it their mission to provoke arguments.

Lokiloo,
Much of our energy comes in from Norway.
How to you propose imparting a "windfall" tax.

Dark,
I'm not going to get involved in the technicalities of "ownership" but shareholders hold a proportion of that company.
They have no control over the day to day running but can influence decisions by voting upon director resolutions.
Shareholders "tend" to use the word "we" because in effect you hold and feel part of that company.
Anyway it's not worth worrying about.
With regard to the EUA board that has been destroyed by the influx of people who have no interest in the company and spend all day provoking trouble.
Many of the knowledgeable posters no longer post there.
Thankfully retirment is not that bad....... YET!

Scores,
As lowbands has said, don't trust the trading info at all, it's just a guess.
I have done trades and they haven't even shown up let alone been the right call (buy/sell)

TFE,
Then maybe the police should be given the powers that should anyone jeopardise the country's energy security then they have full authority to tazer them!

retirment,
"WE" own BP,
"WE" all own varying degrees of this company.

Brixton,
How about the UK Government starting a new British Gas.
Give all onshore licences to them,
Anything discovered is supplied to UK consumers at cost price!

Ohmni,
FWIW I also hold UFO, not particularly happy as I never like to see raises with a discount to SP, but I really think you'll be alright there.
If you can you just need to hold tight, but this is not financial advice!

Slightly off topic but I've been taking a look at EV's and the new electricity price caps and any cost savings of running an EV have almost been wiped out.
Assuming you have a petrol car doing 40mpg and with petrol at £1.70 per litre it costs roughly £7.70 per gallon.
Electricity will be £0.51p per kwh and with EV's doing generally 3 miles per kwh, to achieve the equivalent of 40mpg £0.51 needs multiplying by 13.33 therefore giving £6.80 to travel 40 miles.
This is ignoring the additional daily standing charge, but you have to pay that anyway to run your house.
This WILL BE the cheapest electricity available come October UNLESS you have home solar, how much charging will cost at petrol stations is anyone's guess! Is there anybody here who runs an EV and regularly recharges on the motorway that could share the current costs?
With a running cost saving of £0.90p per 40 miles, (at the best) to recoup the minimum of £10,000 extra for the cost of an EV compared to a petrol you will need to travel over 440,000 miles!
I suspect the car and the battery will be scrap long before then!
There are obviously variables here, Tax benefits etc, but worth looking at in more detail before anyone spends £40,000 on an EV thinking there going to save money.

I see our resident deramper is showing his true colours by "cross ramping" RR.

"Bored" even!

Starve him of oxygen and he will grow board.
Let him be someone else's problem.

I think we have attracted a new resident bell..... end.

Gate,
A lot of that though is totally unrealistic asking prices.
We have properties here which are obviously £100,000's over priced.

Oil is down and the traders doing their job, trading......

Plato,
Correct, everyone should add value,
Where is that value when they just sit at home?
If we are going to dish out hundreds of £ weekly to people, enough that they are not interested in a £9.50 an hour job, maybe as part of the benefits they need to do something, anything, 20 hours litter picking? 20 hours working in the local community centre? I bet if people HAD to do something (work) for their benefits they'd soon decide the £9.50 was the better option!!!!!!

Plato,
Train conductors earn over £36k, its around the £36-£40k Mark.
More than teachers, nurses, most policeman etc etc

67Sam,
The job being "mindless" shouldn't be an issue, a 25 year old sat on their ar5e all day is "mindless"
If they have kids measures should be taken to ensure these people can work.
Work should be the 1st option.

I live in a nice area but there are people here who are obviously on benefits, but I see jobs advertised continuously, local Tesco's, there's others just a few miles away, Homebase etc why aren't these jobs being taken?
The system is wrong if people would rather sit at home then potentially earn hundreds of £ per week?