Member Info for Darth.Trader

with new oil and gas licences.

The UK has opened a new licensing round for companies to explore for oil and gas in the North Sea.

Nearly 900 locations are being offered for exploration, with as many as 100 licences set to be awarded.

The decision is at odds with international climate scientists who say fossil fuel projects should be closed down, not expanded.

They say there can be no new projects if there is to be a chance of keeping global temperature rises under 1.5C.

Both the Intergovernmental Panel on Climate Change (IPCC), the global body for climate science and the International Energy Agency (IEA) have expressed such a view.

The government's own advisers on climate change said in a report earlier this year that the best way to ease consumers' pain from high energy prices was to stop using fossil fuels rather than drill for more of them.
https://www.bbc.co.uk/news/science-environment-63163824
DYOR

that's what i don't get, i'm thinking most people are naturally cutting back on energy usage which is not a bad thing..
Do we need a campaign, ????

DYOR

Public won't be told to cut energy use after Truss objects...
The government has decided not to launch a public information campaign on reducing energy use this winter after the prime minister's office raised objections, the BBC has been told.

A source said there was a "reasonably well-developed plan" to encourage household energy saving.

But Climate Minister Graham Stuart denied a Times report that a campaign had been blocked by Downing Street.

He said UK energy was secure despite a National Grid warning of blackouts.

Its message about possible power cuts was based on a worst-case scenario of gas shortages if the energy crisis in Europe escalates.

The Department for Business, Energy and Industrial Strategy (BEIS) was considering plans to encourage households to switch off their appliances and heating to conserve energy whenever possible during winter.

However, the BBC was told the department was stopped from taking the plan forward because of objections from the prime minister's office and the Department of Health and Social Care (DHSC).

DHSC sources said they did not believe they had played any specific role in any decision, but indicated there might be broad "concern about the elderly being afraid to turn on their heating".
read more;
https://www.bbc.co.uk/news/uk-politics-63170588
DYOR

https://thoughtmaybe.com/the-mayfair-set/
DYOR

Will someone wake up LTI...

DYOR

profits jump 25% after sterling bets

The hedge-fund manager who employed Kwasi Kwarteng before he entered politics has reaped huge returns amid the market turmoil caused by the chancellor’s mini-budget.
DYOR

Rumour has it that Big Sam will step in until the end of the season..

DYOR

MD - aka falky, fakey etc..
I would think that many on this BB and other BB's had seen through your bullaca trades, the last time i took an interest in your posts was when others had been chasing you down for your lies regarding your so called trades. you are Walter Mitty.
DYOR

Predicts Major Slowdown in Global Trade Growth.

https://www.bloomberg.com/news/newsletters/2022-10-05/supply-chain-latest-wto-predicts-slowdown-in-world-trade-growth?utm_content=business&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
DYOR

MD - aka falky, fakey etc...the list is too long..

you have never had a original thought in you life..
You with such wisdom and an eye that can see in to the future and yet your buy in for lloy is 37.5p, whilst also stating the impending crash is going to be worse than 08 GFC..!
Nurse, send in the next one...!
DYOR

MD - aka thelittlefalker.

isn't it time for you to get back to the Kiosk...They'll report you missing, bless.

DYOR

Theosus "At the moment I'm still unsure when banks will be back near the top of the wish list? For some reason they seem unable to get out of first gear."

i actually like Lloyds, as i also like Barclays however since the GFC they are just trade. We all know lloys had been treated harshly by the Govt, EU, PPI etc... As for Long-term investment yes i see the attraction but again as you say banks can't get out of first gear and another decline looks likely so it will attract traders...

Other sectors - where do you see value atm, or in a downturn?
DYOR

Should read; "sleight of hand"..

DYOR

actually, 'Big Short' investor Michael Burry sold all but one of his stocks last quarter — after warning an epic market crash is coming...
https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-q2-stock-portfolio-market-crash-2022-8
DYOR

Last month Michael Burry sold all of his positions and now owns just one....

DYOR

Theosus I believe Michael Burry is warning investors that the "Mother of All Crashes" had already started.

DYOR

Theosus, lol....

all eyes on Liz in the Big Top, will she launch babies from a cannon ....or will she do a slight of hand trick?
DYOR

Hardup.."DT
So take Warren Buffets advice and "be greedy when others are fearful"."

I don't recall Warren using his own monies....

DYOR

pull record $2.7 bln from equity funds in September...
https://www.reuters.com/markets/europe/global-markets-flows-pix-2022-10-05/?taid=633d3d07e9289400014c335c&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
DYOR

‘mini budget’ sends mortgage bills soaring £1,500...
https://www.cityam.com/kwartengs-mini-budget-sends-mortgage-bills-soaring-1500/?utm_source=dlvr.it&utm_medium=twitter
DYOR