The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Dammit the Wind has flattened yet again.
Just when you need it the most.
Get on Your Bike , and sort it out Minster Eamonn Ryan .
You are the Alternate Energy Guru.
You have the Answers to the Energy Crisis as you like to continously state in your own opinion of course naturally. Your Own Opinion.
Amber Day yesterday practically except for the imports of Electricity from our good Neighbours the UK.
Saved by the Bell Minister Eamonn Ryan but the colder it gets and with motionless High overhead there will no wind.
https://www.smartgriddashboard.com/#all
The capacity for the USA to supply the UK and Europe is limited by its own production of LNG.
The ageing LNG production plants are not being replaced in the USA.
The upgrading and overhaul cost hundreds and possibly Billions of Dollars.
The owners of these facilities are not willing to commit to this expense particularly when the present Government USA wants to decarbonise the Energy ASAP.
It is better to mothball these LNG plants rather than commit the massive financial resources to maintain and upgrade these facilities.
The other important factor is home market prices of LNG in the UAA has escalated.
The reason LNG producers are shipping the product to Europe and Asia for up to 3 times the price paid in the USA.
The question for how much longer will the American Public permit this to pertain.
European Governments , obviously including the Irish and British will have to realise that they will have to use their own indigenous supplies of Natural-Gas and Petroleum.
They can't be Spoon Fed at the expense of others.
Could a shareholder attending the AGM ask Bill Oddie CEO or Brian O'Cathain previous CEO of Petroceltic what experience and knowledge acquired as CEO of the forementioned Company has or will be of benefit to Europa Oil and Gas and the Shareholders.
Afterall Petroceltic had the An Tisla Natural Gas field in Algeria estimated a resource of 12 TCF somehow Petroceltic managed to loose the License and the discovery.
The drilling history also left much to be desired.
Kurdistan 2 highly expensive wells drilled non commercial , 6 approximately wells drilled in the Black Sea offshore Bulgaria and close promity to Romania nothing worthwhile there.
Drilling costs approximately $200 million.
Unbelievable.
Would a fellow shareholder attending the AGM PLEASE ask the following questions.
NewMed have entered onto a JV with Adarco Energy enabling them to secure an 8 year term for their Moroccan License.
NewMed and Adarco Energy will have 37.5% each and the balance is held by the Moroccan State.
The question is why were the Directors of Europe unable to secure a JV?.
The other question is why have they not secured up to now Licenses for both the onshore and offshore Natural Gas basin in Northern Morocco?.
Natural Gas is the most highly sought after fossil fuel within Europe.
Regarding Ireland why is Simon Oddie so media shy.
No representation by him on the Radio , TV or printed Media on behalf of Europa Oil and Gas and our Inishkea prospect why?.
He ,Simon Oddie is handsomely paid to represent the Company.
It is expected by the shareholder to get value for their money.
https://www.timesofisrael.com/israeli-energy-firm-signs-joint-natural-gas-exploration-deal-with-morocco/
Thanks to all,
This needs further publicity
Manyana,
Thanks for your post.
Very interested in the screed for Eamonn Ryan's House.
Where can this obtained, or possibly you may have a link to it, or even a copy.
Microsoft which has 21 Diesel Electricity Generators at its Data Centres in Ireland to provide backup, is planning to construct a 170 MW Natural Gas Electricity Generating Station costing an estimated €170 Million Euros.
I presume this is just a first ,many of the large Industries are probably considering such a large scale investment to Generate their own on demand Electricity requirements.
Minister Eamonn Ryan Industrial Ireland cannot or will accept Electricity Blackouts.
Particularly when this situation is a result our your Ministerial Actions .
In addition Minister Eamonn Ryan I propose when you remove the Dail Car Park you instead of planting grass you utilise the ground to create City Centre Allotments where you and the like minded Ministers can attend to their Cabbages.
https://www.businesspost.ie/news/microsoft-plans-private-power-plant-on-e900m-data-centre-site/
Do Something Minister Eamonn Ryan.
Make another stupendous announcement to deflect the Natural Gas and Electricity crisis on our doorstep resulting from your Policies and deeds.
Your Wind Turbines aren't doing their job yet again.
The Weather conditions have changed a cold and still front is approaching.
Your Wind Electricity output is non-existent basically. This a prelude for the coming months.
You can't operate an Economy with no Electricity.
45 MW Wind Output of of a total present of 5168 MW being generated this early hour of the morning.
https://www.smartgriddashboard.com/#all/generation
Do Something Minister Eamonn Ryan.
Make another stupendous announcement to deflect the Natural Gas and Electricity crisis on our doorstep resulting from your Policies and deeds.
Your Wind Turbines aren't doing their job yet again.
The Weather conditions have changed a cold and still front is approaching.
Your Wind Electricity output is non-existent basically. This a prelude for the coming months.
You can't operate an Economy with no Electricity.
45 MW Wind Output of of a total present of 5168 MW being generated this early hour of the morning.
https://www.smartgriddashboard.com/#all/generation
Thanks donab excellent post.
Leaving aside the state of Minister Eamonn Ryan's logic and thought process.
The serious worry I have is regarding his partners in this Irish Government An Taoiseach Micheal Martin and Tanaiste Leo Varadkar.
Both of these individuals must by the time be aware these impracticable ideas than Minster Eamonn Ryan comes up with.
Not only in the near future will Ireland dependent on undependable Wind Generated Electricity supply ,plus now we will have a Solar System as a back up which is even less dependable .
Minister Eamonn Ryan forgot to say where the Solar Panels will be produced, is it in a less than desirable factory for workers rights in China.
Minister Eamonn Ryan has yet to give a costing for the upgrading of the Network to facilate these proposed Solar Panels.
It won't be in the Millions but the Billions of Euros Minister Eamonn Ryan.
Minister Eamonn Ryan on another rant today.
He wants to cover the Island with solar Panels before 2025.
The Minister is now working on ways to get the Sun to shine on command in Ireland.
Some trick Minister Eamonn Ryan in the country where the Sun Hardly ever Shines.
https://www.independent.ie/irish-news/politics/i-want-to-power-ireland-entirely-with-solar-energy-on-sunny-days-by-2025-eamon-ryan-tells-green-party-conference-42176059.html
Minister Eamonn Ryan on another rant today.
He wants to cover the Island with solar Panels before 2025.
The Minister is now working on ways to get the Sun to shine on command in Ireland.
Some trick Minister Eamonn Ryan in the country where the Sun Hardly ever Shines.
https://www.independent.ie/irish-news/politics/i-want-to-power-ireland-entirely-with-solar-energy-on-sunny-days-by-2025-eamon-ryan-tells-green-party-conference-42176059.html
toroil, happy to read your post.
Would you send a link to the article in the Irish Mail.
I don't know anybody or any Business Owner that would not be happy to see the back of Minister Eamonn Ryan.
UK Natural-Gas supply from the USA about to be secured.
Germany is tied into this with a supply agreement from the UK.
Apparently a long term supply deal with Norway has collapsed.
Will this mean the end of Natural-Gas from Norway in transit to Ireland?.
https://www.thesun.co.uk/money/20366595/gas-deal-uk-norway-collapses/
The UK will have secured all the Natural Gas it requires from its present production and the pending supplies from the USA.
https://www.thenationalnews.com/world/uk-news/2022/11/08/uk-and-us-set-to-strike-major-new-gas-deal/
Europe not happy with the price it has to pay for American LNG.
Only 1 solution get the LNG elsewhere.
Unfortunately Scholz already attempted this all other suppliers will only entertain long term contracts ie 10 to 20 years.
But wait we won't be able to supply the volume of Natural-Gas you requested because production of Natural-Gas and LNG facilities will take 5 years or more years to complete .
Can you wait Herr Scholz and the other European leaders and Nations , in the meantime try elsewhere.
Don't to forget to close the when you are leaving.
https://oilprice.com/Energy/Natural-Gas/EU-Leaders-Accuse-US-Natural-Gas-Producers-Of-Profiteering.html
All the Best.
No Prizes which Western European Country will have major Natural-Gas and Petroleum supply problems
https://www.theguardian.com/world/2022/nov/08/germany-keen-to-discuss-natural-gas-pact-with-uk-amid-supply-risk
https://www.bloomberg.com/news/articles/2022-11-05/italy-plans-to-speed-up-new-gas-drilling-in-bid-to-lower-prices
Dear O' Dear,A UK Natural Gas Pact with Germany in the offing.Excellent news for for the UK and Germany. The UK issuing over 100 further Exploration Licenses for the North Sea. https://www.theguardian.com/world/2022/nov/08/germany-keen-to-discuss-natural-gas-pact-with-uk-amid-supply-riskGermany has commenced drilling in its North Sea sector and with the Netherlands where prospects cross the sea and land borders.Every Country in Europe with Exploration potential for Fossil Fuels has or is about to commense the pursuit for indigenous Natural-Gas and Petroleum discoveries. All except Ireland on the outpost of Europe .With a solitary Natural-Gas field in the latter stage of production. Totally dependent on imports for Economic survival. Today it is reported Italy is preparing to drill and drill for further Fossil Fuel resources. To reduce dependence on imported fuels, for energy security, and to maintain the competiveness of Italian manufacturing by subsiding their own Natural Gas
That will make the Country Fossil free.
No need for Petroleum or Natural Gas exploration.
Sinn Fein being obviously totally opposed to fossil fuel exploration , I presume they are totally opposed to the use as a power source Natural Gas and Diesel for the Generation of Electricity , the use of Fossil fuels to power Aircraft and Automobiles, and all variations of Fossil Fuelled combustion vehicles, ambulances, transport and agricultural vehicles etc, and sure they could close all the petrol stations throughout the Country while you are at that will make the Fossil Fuel free.
Bingo.
Further consequences of the actions of Minister Eamonn Ryan
https://www.rte.ie/news/ireland/2022/1014/1329211-data-centres/