Member Info for Frac

R thanks for the compliment …. They are fewer as you reach the age of wisdom … strange that you spend years accumulating a wealth of knowlege that the generations below you suddenly decide is obsolete… mind you they’re likely to die off like an ephemeral weed rather than survive like this hardy annual !! Bring on the power cuts I say that’ll wipe the smiles dry :-)

The BP news I alluded to last week has surfaced : https://www.energyvoice.com/oilandgas/north-sea/549655/dejected-engineers-fear-job-security-as-bp-looks-to-india/

Even Scots can see too many monsters from their window : https://www.bbc.co.uk/news/articles/cv2yqdl9vv3o.amp

Changing the open narrative by targeting Russian O&G export and refining likely to impact India and china soon … seems 2-3ml offline in collective strikes in March …

On R4 this morning energy minister started what seems to be an election stand …. Labour outgoing 2010 @7% Green v UK today @ 49% and quote albeit presenter unhappy he stated the public should wake up to the wrong information that miliband and his green friends are stating … think the language will soon move on !!! Peddling fear for instance !! About time some journos dig out who’s funding these eco zealots and start highlighting to the bbc etc the damage being done by not accepting transition …

The worlds oldest professions moto… I wonder how many market puts they’ll be : https://www.standard.co.uk/business/business-news/keir-starmer-labour-london-city-business-bankers-election-b1096579.html

Labour courtesy , give a speech and then sit in the hot seat …. O&g well cut n run is now the game in the NS . Decommissioning, laying off and moving to America’s n Asia … she’ll n Bp are ahead of the game & likely Ab is making plans … yep DIVI & buy back , but likely Veri float as a sweet for shareholders 2 …

Hi R , likely Kent has been slow on the take as many farmers fields have been making money keeping the uk well fed ( garden of England and all that ) I’m from there do know a thing or 2…. Thanet sunlight hours and conditions v led to one of the uks greatest investments in glass for salad crops some 20 years ago … only now has the economics supported solar … : https://www.kentonline.co.uk/thanet/news/amp/huge-solar-array-sees-uk-s-biggest-glasshouse-food-grower-go-303023/

Here’s the future with 40% increase 21-22 : https://urbanhealth.org.uk/insights/reports/woodburning#:~:text=Introduction,doubled%20in%20the%20last%20decade.

L it was a strap from Doomberg yesterday … here’s what the locals think !! Seems the NE have been clobbered and they’ve no fishing industry to fall back on … with Yousless overtaxing £28k + likely to see BP and Shell employees think Ex Pat thoughts imho: https://www.pressandjournal.co.uk/fp/news/aberdeen-aberdeenshire/6394856/north-sea-expert-says-windfall-tax-move-ignores-bigger-picture/

Well OBR wrote this today : Before the announcement, the Office for Budget Responsibility had expected tax receipts from the oil and gas industry — including corporation and petroleum revenue levies — to raise £6.1 billion ($7.8 billion) in 2023-2024 and fall steadily to £2.1 billion by 2028-2029 as production and energy prices decline.

Facts rather than fiction !!! Yes the world is changing and yes 5BN Humans don’t care how they scratch a living as basic Maslov principles rule ! Survival : https://www.mckinsey.com/industries/oil-and-gas/our-insights/the-future-of-african-oil-and-gas-positioning-for-the-energy-transition

R , think you’ll find Douglas Ross seeing this as his point of difference to stay relevant in Scotland as he attempts to keep the 7-9 seats north of the border ! He leaves Westminster at the next election so needs to keep himself worthy of office in Scotland ! He’s picked the worst three jobs in the world MP,MSP & Referee !!! Suppose giving up as MP is easy when your a ref … talking of giving up whilst our spreadsheet pals get busy think AB is having a long look at the stateside opportunities… Hunty and Stammer have nailed non dom, wazzed his profits down the khazi and called his profession in to question ….. what would you do ??? Human nature says ( Harvey smith imho)

I hear that some NS operators are out with the red pen… likely will cut now and run over next 12 months .. problem for energy is the big 6 leccy boys not paying enough wft… recon labour will skin them another 5% in their autumn/ winter address!!! Perhaps we should start bombarding labour MPs with some decent money raising ideas as a diversion!! Increase sugar taxes, health tax on baccy profits, obesity tax on fast food operators , and a 1% levy on all food operators as an essentials tax and of course a whopping wft for bailing the banks yet again in 2008 !!! Let’s call it a crash tax !! Anyway I’m off to the pub to celebrate not having to pay the traditional labour extra 2p on a pint after 6.00pm budget day tax !! Enjoy your balance sheet musings boys n girls

Wonder if Millennium agree : https://www.reuters.com/markets/commodities/oil-prices-rise-funds-scale-back-bearish-positions-kemp-2024-03-04/

Politico called as much : https://www.politico.eu/article/rishi-sunaks-last-economic-trap-for-labour/

For those of a certain age you’ll remember the rush for VHS even though BMax was superior and first to market … I was on the credit side of that retail bonanza and saw how ‘Price made Perfect’ !! Milliband , Reeves and Starmer have a peice of paper , just not lived as one of the proletariat ! Just look at Sunak , he was even rejected by his local footy team manager

You might find this is a simple roadmap to EV , heat pump , wind , Tidal , nuclear, & Hydro … the common theme from my observations is once subsidised adopting close so does the desire ( I could be a little more descriptive with wine and dine but think most understand that human scenario) well it no different with the pockets : https://www.hightechstrategies.com/methods/technology-adoption-lifecycle/innovation-adoption-curve/

Https://www.gov.scot/binaries/content/documents/govscot/publications/foi-eir-release/2024/02/offshore-and-energy-sector-meetings-eir-release/documents/eir-202300350162-briefings-minutes-and-notes/eir-202300350162-briefings-minutes-and-notes/govscot%3Adocument/EIR%2B202300350162%2BBriefings%252C%2Bminutes%2Band%2Bnotes.pdf

People vote with their wallet …. Withdraw subsidies … well I’ll not buy the gear pump then : https://oilprice.com/Latest-Energy-News/World-News/Europes-Heat-Pump-Sales-Drop-for-the-First-Time-in-a-Decade.html