Member Info for meoryou

The deal marks the first time ever that the hardware was ever purchased for an independent EV charging network.

Would expect this to improve utilisation as Tesla are the leading EV brand in US having 50% EV market share last quarter ( down from 65% previous quarter).

So there are more of them about than anything else.

They have 13% EV market share in Europe ( this is an increasing trend).

“ Tesla's market share in Europe is also growing, and it is now the third-largest automaker in the region. Electric vehicles are a growing segment of the automotive market in Europe, and Tesla is one of the leading brands in this segment.”

Https://oilprice.com/Latest-Energy-News/World-News/Shell-To-Cut-15-Of-Its-Low-Carbon-Jobs.html

Think peak demand will only be obvious when looking back a few years after the event.I believe it will be in the 2030’s but that gives a 10 year window.

Then there maybe a long plateau ( unless shipping and air come up with a game changer)

Probably our best forecasters are the weather people and even they get it wrong.

Our Energy forecasters are really poor.

The major trends are fairly easy to see, but they tend to fixate on the day to day noise.

And also on anything which makes them money.

Saudi you know have their own interests, but at least their message is consistent,

and actually makes some sense.

Https://oilprice.com/Latest-Energy-News/World-News/Strong-Gasoline-Draw-Supports-Oil-Prices.html

Clued

Think Spights is the wrong sex to be a gentleman.

But she is definitely a Star

The pricing scenario of oil and natural gas was impressive in the third quarter. Per data provided by the U.S. Energy Information Administration, the average

The Zacks Consensus Estimate for BP’s third-quarter earnings per share of $1.37 has witnessed three upward movements and no downward revision over the past 30 days. The estimated figure suggests a decline of 47% from the prior-year reported number.

The Zacks Consensus Estimate for third-quarter revenues of $66.3 billion indicates a 14.7% increase from the year-ago reported figure.

West Texas Intermediate crude prices per barrel in July, August and September were $76.07, $81.39 and $89.43, respectively. Although the prices were not as high as in the year-ago quarter, the commodity prices were impressive and healthy.

I have said a few times that both BP and Shell should reduce their buybacks , and instead start slowly buying a stake in each other.

Think it would at least make the market stop and think about where it was leading .

Sorry just seen it’s YouTube you are meaning.

Will try to find them

I am assuming it’s the posts by Markgo you are referring to.

Https://oilprice.com/Energy/Crude-Oil/Which-Factors-Influence-Oil-Prices-Right-Now.html

Thanks that clears it up for me.

Was not sure where your data was from.

Theaky

When you discuss BP oil production.

I take it you are aware that your figures include the following.

“BP’s loss on Rosneft sounds big. Its share of the Russian giant’s production accounted for one-third of the company’s global crude oil output, or about 1 million barrels a day.”

“ What is not is that Pre Covid BP produced 2 million barrels per day. Post Covid BP produces 1.2 million barrels per day. That's a staggering drop of 40%.”

Maybe it’s just me but 1.2 million barrels per day + 1 million lost in Rosneft means we are producing more.excluding Rosneft( which is a totally separate discussion)

Maybe your figures already take that into consideration.

My take is your 2 million pre covid means 1 million outside Russia.

Now 1.2 million outside Russia.

Can someone please tell me if I am misunderstanding.

Don’t you just love the US government.

Sell oil cheap.

Buy it back when you might really need it at any price you can get.

Https://phys.org/news/2023-10-reveals-bp-shell-divestment-small.html

Https://pv-magazine-usa.com/2023/10/19/lightsource-bp-completes-135-mw-arkansas-solar-project/

Https://wtvbam.com/2023/10/19/581268/

Https://www.proactiveinvestors.co.uk/companies/news/1030332/bp-and-shell-still-city-favourites-despite-climate-brickbats-1030332.html

Https://www.bp.com/en/global/corporate/news-and-insights/reimagining-energy/tangguh-train-3-starts-up.html

Https://oilprice.com/Energy/Energy-General/Chinas-Oil-And-Commodity-Imports-See-Robust-Growth.html

Spights

I sure would not bet against you being right.

There are probably 3 main possibilities

1) sp drops and some of the sellers do get their entry points.( definitely possible but not seeing a major pull back at present,but the best ones always surprise).

2) sp hits £6 but finds it very hard to breach and stay above.

3) sp crashed through £6 with real momentum and continues up to your £6.40

I think the answer may be found in the following.

Will the world enter a recession.

Yes possibility, but not likely now before Christmas.so £6.40 here we come.

You heard it here second as you were first.