Member Info for DiveCentre

SG2
If you saw BBC news today plugging the climate change debate the spirit of NigWit (if not the body) is alive and well.

Hello escargot

I regret to say I had not noticed your absence. At least the fact that you are posting again confirms your survival of whatever occurred. My best wishes for your speedy recovery
I’ve not posted on the original thread as there has been so much contentious posting today it may not survive.

DC

Albi1

Even with developments in battery storage commercial electric aircraft are many decades away. Barring some entirely new revolutionary way of storing electrical power it will very likely never happen. It just might become possible for (very) short haul but not long haul and even then I doubt it could compete with conventional jet power. To start with electrical power can only be converted into thrust by a propeller. 300-400mph is about the maximum speed that could be achieved with propulsion by propeller because speeds above this require such a massive power increase that the electrical energy would be consumed in too short a duration for viable commercial flight.

I’m interested in the concept but commercially I don’t see it happening. Electric power has become very popular in model airplanes but only because there is no requirement for long duration flight.

Albi1

As you say the question was posed by Nigwit who, judging by posters comments is not well received on this board, which may explain the lack of response.

The question is when will peak oil demand happen (assuming it will happen in the foreseeable future) and for HUR holders the relevant time scale is probably the next ten years. Clearly when it does happen investors will sell and the savvy investors will have sold in advance. It’s not difficult to appreciate the probability of overselling.

However the peak could be more of a plateau:

“A more realistic assessment from Shell Oil is that oil demand continues to grow over the next 20 years, a view shared by rival BP and energy consultants like Wood Mackenzie. More importantly, most believe peak oil will have a long tail and that oil demand – set to reach 100 million barrels a day this year – won’t fall off abruptly even after it peaks. Instead, it should be considered a plateau rather than a sharp peak.”

www.forbes.com/sites/daneberhart/2018/09/18/forecasts-of-peak-oil-demand-overstated/

Mr Wilks

ND most likely anchors for Lincoln

The tanker is for Solan

Thanks to all for the replies

MCB55
“They tried to buy HE on the cheap, but disparaged Dr T for holding out for a lot more” is my perception

Belated thanks to Missdosh for posting the Petroleum Economist article. One of those ticks is mine.

This paragraph has a rather intriguing comment by RT:

"People were quite rude and disparaging to me personally and the company even until about 2017," says Trice. "But once we had drilled our second horizontal well in Lancaster and raised $500mn to fund our production system people started to realise that we had de-risked it by quite a material amount. We know that people are watching quite closely from the sidelines to see what the first six months of steady production will show."

Quite obviously the people he is referring to are oil industry people and the question I ask is why would they be rude and disparaging.

I have my own view but interested to hear the views of others.

Read SB for SK

Jay Kay 1

SK returned with the pilot who tranferred to the pilot boat off the Sutors. Look at the past track of Udale Bay and compare with SK's past track

On the move now

Skandi Bergen's MOB has just returned from a shore visit which I am guessing is to take on a pilot.

Looks like Skandi Bergen may be about to leave Invergordon with TO Leader in tow.

Warwick deep prelaid anchors
see page 15

https://www.seafish.org/media/1551888651-Issue_05_Oil_Gas.pdf

Just checked on Braemar and ND is ROV equipped

Cebo

From memory I think Normand Drott has an ROV.

As a non expert the only explanation I can come up with is that she will be attaching pick up lines to the anchors chains

Bloobird

HUR have to show that they are capable of taking on full field development of Lancaster so that potential industry partners are aware that they cannot buy in on the cheap. It does not mean that HUR have decided to go it alone.

Albi 1

If I may add to Bloobird’s reply
I would not invest in Centrica to benefit from the Spirit farm in. Spirit is a profitable company but Centrica’s core business is suffering and there is the shadow of nationalisation with the possibility of a change of government. Also it is a bit like investing in CA if your intention is to profit from HUR.

Longwait

If this is another buying opportunity I hope it is the last.

JayKay1

I doubt anyone noticed but I did not participate in the FOIL sp sweepstake.

Maybe I'm a pessamist but it does not surprise me that the winner will very likely be the lowest guess.

Just a thought but I'm wondering if JOG's sudden fall might have been taken by some as a reminder of risk.

https://www.youtube.com/watch?v=CUuS-PT2qbg