The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The wind needs to blow much harder and more consistently if Ryan is going to have his one million electric cars by 2030.
"According to the SEAI, at the end of October 2022 – there were “over 67,000” electric vehicles, including plug-in hybrids, on the road in Ireland."
And if 67,000 is running on the current electricity generation of which wind provided 33% how much more wind will be needed daily by 2030 if there are a million of them?
Ryan and Putin have a lot in common. Two mad men "f*******" up their respective countries.
It is not that the wind does not blow. It just does not blow consistently.
To see how your statement of 47% for November is flawed do the following:
click on the link following and change "day" to "month" and you will see that there were many days in November where there was not enough wind generation created to boil a kettle as the "wind generation" hovered close to the "0" .
https://www.smartgriddashboard.com/#all/wind
So, it does not matter, "on average" what renewables created but can it create 47% every day rather than an average?
So, your "impressive 47%" in November would be good if Ireland had storage to save the excess for the days when the wind did not blow but perhaps it is worth noticing that on many days from the grid that the wind produced nearly nothing in terms of wind generation whereas at other times it exceeded that.
https://www.smartgriddashboard.com/#all/wind
Consistency is the key not "average".
https://www.dailymail.co.uk/news/article-11510103/Rishi-Sunak-Joe-Biden-unveil-gas-supply-agreement-TODAY.html
If the UK is going to import oodles of fracked gas from America will Ryan refuse its use in Ireland?
Yes, that is the link to Southfork Dundrum, home of Irish oil and gas guru Eamon Ryan.
Speil at end outlines architects report where it says:
Location: Clonskeagh, Dublin
Project type: House extension & refurbishment
Size: 189m2
Cost: € 300,000
Completion: 2010
How many of the Irish public has €300,000 to do an "ecological" house upgrade?
I wonder what it would cost now twelve years later, probably close to €500,000.
This monstrous diesel generator is for a new datacentre costing €900 million with the generator costing €100m alone.
"Microsoft plans to build an unprecedentedly large-scale gas power plant as part of a new €900 million data centre development in Dublin due to its concerns about the severe constraints on Ireland’s energy grid, the Business Post can reveal."
To show what a hypocrite Ryan is, when he updated his house in Dundrum he installed wood burners, open fires as well as insulation and if you read the screed from the developers they say it cost about €300,000.
And this is the man who is trying to stop the poor using coal, turf, gas and oil as they freeze while he luxuriates in his warm cosy large house in Dundrum as he burns his ******s. Hypocrite with bells on, "Do what I say but don't do what I do" or as Marie Antoinette would have said "If they have no heat, let them warm themselves with the heat of my p**s.".
I would like to thank the person who supplied the Eirgrid System Generation Daily Electricity Generation Dashboard as it proves what a dildo Ryan is.
https://www.smartgriddashboard.com/#all/demand
Today, it shows that "Renewables" is producing about 7.5% of the countries' electricity needs. How long before that would put the lights out? I reckon it would not even be enough to let farmers milk their cows.
And the recent request by major datacentre owners such as Microsoft, Amazon etc. requesting permission to develop hundreds of diesel generators around Dublin and elsewhere to run them in the event of datacentre poweroutages makes a mockery of the whole Irish dependance on the UK for its gas and power.
I wonder how Ryan, the hyprocrie, is heating his own "paid by us" power efficient pad in Dundrum using, I believe, wood can dare to show his face. Will somebody please put a puncture in his tyres so we don't have to continue to hear his innanities and trivialities such as "greening" over the car park in Dail Eireann.
Ryan suggests getting rid of the car park in Dail Eireann and turfing it over.
Not a bad idea when you cycle in from Dundrum, about 2 miles away, but not smart when you have to come from say Galway or Donegal.
I wonder will this stupid idea be the one which breaks the camel's back and they give him the push as he has obviously now alienated himself from every TD who lives outside of Dublin.
https://www.independent.ie/irish-news/politics/transport-minister-eamon-ryan-tells-how-he-wants-to-get-rid-of-leinster-house-car-park-42190708.html
There will be no interest in these shares until the license is granted.
We still have the hope that the change of government on 19th of this month will result in Ryan losing "Energy". He is stated as being in discussions with Martin and Varadkar regarding the changes so perhaps if he is "scared" into losing the portfolio on Energy he will sanction the development in the hope he can save his skin.
Here's hoping.
You will note that IOSEA 5 was carried out in August 2015 and covered the period 2015 to 2020. IOSEA 6 covers the period 2023 to 2030. So what happened in 2020 to 2023?
Since no IOSEA was issued for the period 2020 to 2023 when the next IOSEA becomes active, I presume there is no IOSEA covering that period so Barryroe can actually instigate anything they have planned in the last two years as there was no directive for that period.
IOSEA 6 is just Ryan trying to remove all the licenses that currently exist by the company's relinquishing them. If you were a non-Irish company, such as CNOOC or Woodside, why would you bother holding on to your license? Better to concentrate on other parts of the world where there is no "Ryan" and no IOSEA 6 red tape.
It looks to me that Barryroe and Europea will be "last man standing" unless, of course, Ryan gets the bullet.
Irish Offshore Strategic Environmental Assessment (IOSEA) 5
Environmental Report:
Prepared for: Department of Communications, Energy and Natural Resources Dublin, Ireland
Prepared by: ENVIRON UK Date: August 2015
Larry Goodman has the backing of all the farming TDs in the Dail and Ryan is currently trying to curb the farming entity of Ireland through his "Green" mission.
Worth listening to Nial Collins, TD for Limerick, on farming and the issues Ryan is creating. In that context, remember Goodman processes most of the beef in Ireland and then think of what a small fish Ryan is in that tank.
https://www.facebook.com/NiallCollinsTD/videos/watch-this-week-in-dail-eireann-i-spoke-on-farming-and-agriculture/1047293375668239/
Appraisal well can become production well.
"Appraisal wells can be drilled either before or after an accumulation has been developed. Appraisal wells can be abandoned after drilling or kept as future production wells. An Appraisal Well usually has a chance of success greater than an Exploration Well but less than a Development Well."
So if the appraisal well is successful it can be further developed to produce gas and oil and hence the Goodman €40m will not go to waste as it will be used to produce first oil and gas. That is why Ryan is trying to put a spanner in the works.
You can be sure the new well will gush oil and gas since Larry Goodman would not be investing all the loot if he was not sure it was a runner. Otherwise, why would they not have spread the risk over a number of the major shareholders?
And even if Larry ends up with the bulk of the shares, as long as he is not forced into bidding for the whole company if he owns more than 30%, you can be sure that the share price, even with his holdings, will be well north of the current 3.6p price.
So, let's not look a gift horse in the mouth. Larry is our saviour and Eamon Ryan's nemesis.
Look at this in simple terms.
Would Larry Goodman risk $40m if this was not a runner? Of course not. He was obviously given "inside" information regarding the seismic information that proved there is oil and gas galore down in the Barryroe field. Otherwise, why would he agree to stump up that sort of money.
I also believe Ryan knows it is there and that is why he keeps trying to block it. If it were a dead duck he would just let Barryroe get on with it and deliver another damp squib and the company would be for the scrap heap.
And I also see Larry probably taking out Lansdowne at a reasonable price sometime after the permission is given as he has funded a company with £200k assets to the tune of €8m to pay for their share of the appraisal. Is he mad?
Back In 1991, Larry Goodman took on the Irish Government in the "Beef Tribunal" and while it found against Goodman Meats he was not fined a penny. Other than his money, Larry Goodman knows how to take on the Irish Government, aka Ryan, and win. Ryan will not dare to take on Ireland's beef baron if they have any sense.
Always back a winner.
UK National Grid issued warning re blackouts today but then withdrew the message.
This must have been close to blackout to issue the message so Ryan better take note as I am sure if the UK goes out we will follow as they will need the Moffat gas to keep their generators running.
https://www.express.co.uk/news/science/1700072/National-Grid-blackout-energy-grid-crisis
We still need Ryan to approve the lease undertaking. Once that is done these shares should improve but it is also a bit of a disappointment that they are now talking 2024 to carry it out rather than 2023.
Until that approval is given what is the rush other than it gives us confidence it will happen sometime and allows us "the small fry" to put a few more away for the "rainy day".
The good thing about Larry's deal is that it is founded on genuine money of which Larry has bucket loads. The previous three deals were all on the back of "chancers".
The first with Sequa was based on them raising millions on the bond market which never happened. The second with the Chinese who were also a pack of rip off merchants and never came up with the money. And the third with the Norwegians was a small company trying to making a killing with no funds to back it up.
Larry has billions which makes €40m look like small potatoes in the greater world of business and is one great kick up the rear for Ryan who thought he could use a "false" premise of "funding" to try and frustrate Barryroe.
Not only that, but Larry gives total credibility to Barryroe since he would never put up that money if he did not think Barryroe was a real prospect with real volumes of retrievable oil and gas which kills off all the historical "doubters" who have questioned Barryroe's credibility and he must really put the frighteners on Ryan when you consider that in 1991 he fought and beat the government, even though Goodman meats was not without sin, in the Beef Tribunal and hastened the demise of the Des O'Malley Progressive Party and hopefully will now do the same to Ryan and the Greens.
Hopefully you are correct Ravenspads but what are your suspicions for predicting that?
Unless Ryan gives the go-ahead before then for the "Appraisal program" we are still in limbo.
Ryan will hold on to his ministry. What portfolios that contains is a different matter.
So energy could be transferred to Coveney who is far more senior than Ryan and Ryan will retain his ministry and his title will still be "Minister for the Environment, Climate and Communications and Minister for Transport" which is meaningless in the greater scheme of things except it will not include "Energy" as a function.
Looks like a smart move by Martin and Varadkar.
Good find toril.
Here is the link Dubhlinn.
https://www.pressreader.com/ireland/irish-daily-mail/20221117/281655374065273
Comment today by Martin in Irish Times:
"“The Tánaiste and I, at the end of this month, will meet with [Green Party leader] Eamon Ryan. We will work through with our advisers the various issues surrounding portfolios and all the other issues pertaining to the next phase of the Government,” he told reporters in Cork."
Perhaps Ryan not a shoe in for the Minister of Communications as he thinks. Unless what Ryan wants is what Ryan gets.