Member Info for meoryou

Https://oilprice.com/Energy/Crude-Oil/Oil-Moves-Higher-on-Inventory-Draw.html

Hi Spights

A Lady needs her trips to the Hairdresser.

Another crazy day in the moy household.

Finally some time to chill , and catch up

Market still really not priced anything in.

But we are definitely being looked at.

Think many foreign companies will be scared off.

But Shell just need to be brave, then sell off all the bits they don’t want

It one of those things .

It keeps getting repeated enough ,it can become a self fulfilling prophecy.

Although so far that has not worked with any of the take over talk.

Spoiler alert.

Series 2 “ The oil companies fight back”( against UK politicians)

Got Back home Sunday

I dropped some sun off hope you got it

The UK saw two consecutive quarters of wind power overtaking fossil fuels as the single-largest source of electricity generation for the first time, per data from think tank Ember quoted by Reuters columnist Gavin Maguire.

In the first quarter of 2024, wind-generated a total of 25.3 terawatt hours (TWh) of Britain’s electricity, higher than the 23.6 TWh generated from fossil fuel sources, Ember data showed. As a result, wind power generated an average of 39.4% of the UK’s electricity between January and March 2024, versus a 36.2% share of fossil fuel generation

“Jet Fuel Demand Fails to Catch Up with Flights. As newer generations of passenger aircraft become more fuel efficient, the recovery in flight activity will most probably not lead to jet fuel demand surpassing pre-pandemic levels as the IAE forecasts kerosene demand to rise to 7.4 million b/d, still a far cry from 7.9 million b/d in 2019.”

From oilprice.com

WP

Thanks for the recommendation will get for next Holiday.

There is now a copy of The World for Sale in a hotel in Spain just waiting on its next reader.

Https://oilprice.com/Energy/Crude-Oil/Big-Oils-Carbon-Capture-Conundrum.html

Https://oilprice.com/Energy/Crude-Oil/Big-Oils-Carbon-Capture-Conundrum.html

WP

No grumbling here.

“Finished The World for sale”

Last night, an interesting read thanks

Hi Mark

It’s certainly a growth industry

“Right now, we have 15 landfill sites. Today, seven of those sites have landfill gas energy projects with two more coming on in the near future,”

With humans ( especially Americans) there will always be plenty of trash.

Https://www.bp.com/en_us/united-states/home/what-we-do/production-and-operations/archaea-energy/archaea-energy-news/transforming-waste-into-fuel-archaea-energy-and-rumpke-bring-online-state-of-the-art-renewable-natural-gas-plant-in-kentucky.html

Https://www.bp.com/en/global/corporate/news-and-insights/statement-on-2024-uk-defined-benefit-pensions-increase.html

Thanks Mark

Several Arab countries are very unhappy with Iran as it takes away the spotlight from what Israel is doing in Gazza.

So I’m hopeful that is likely to become a bit quieter.

Think it’s typical that it all happened just before the weekend again.

Regarding your defence of Spights who we know is not like that ( and very able to defend herself).

Think it was a master class in almost being polite,but just a bit prickly.

It’s looking like for now both sides have done enough to save face.

Hopefully it de-escalates for a few days.

That appears to be what oil market is telling us for now.

Think she is simply reporting the news.

You don’t have to go back through many of her comments to find a comment like

“Hopefully Iran /Israel does not escalate”

I too see a very bright future for BP.

There are a lot of parts doing well.

If oil stays around these levels the rest of the year,BP will only get stronger .

I firmly believe that there is now a more disciplined approach to where investment money is being directed.

And with this oil price they can probably sneak in an extra oil project.

Think today’s announcement shows things are moving on to be properly post Looney

The Looney picks going?

Change in strategy or change in focus?

Https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-simplifies-organisational-structure-and-announces-executive-team-changes.html