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https://www.aljazeera.com/news/2022/3/29/hold-us-moves-to-shore-up-unhappy-allies-on-north-africa-visit
US clearly want things to be harmonious on the manor- whether it's gas, oil or phosphate, they aren't paying a social visit, always self interest...
Morocco is the second biggest producer of phosphate in the world, behind China, but has the largest proven reserves, including the disputed area of Western Sahara. It is also the fourth largest producer of fertiliser.
I naively though it was made by mixing potassium and phosphate together in a big pot. When Sefton pointed out it is a gas intensive operation did I even.more interested. Production could be improved/increased with a ready supply of domestic gas making Morocco even.more attractive for investors.
In regards to potassium, Russia and Belarus, (second and third I believe) are both massive producers but obviously not flavour of the month.
Israel is fifth, who Morocco is now chummy with..Our host nation has the phosphate, will have the gas and a friendly nation to supply potassium- whilst Russia and Belarus no doubt have noses pushed out.
Also, thd UEA have become chummy with Israel, this could prove a very useful triple alliance in Western eyes for investment as the Saudis look increasingly to the East..
Nice article Tesla- good to see T & T mentioned in there with the key suppliers. Hopefully Minister Young will be itching to take advantage of this opportunity, sure after all our time there, Paul will have the connections to put our name in the frame to cut a good deal in the case of us getting to provide a non fracked FSRU non solution to Ireland.
Nice find nametrade.. Of particular interest
in the ten point plan is point 3...
3. Introduce minimum gas storage obligations [Impact: Enhances resilience of the gas system by next winter]
Ireland now has zero storage capacity and we have offered a solution within our Ram's Head licence area. It just gets better every day...
Hydrogen is produced using our gas, will be classified Grey or Blue. (Blue if CCS applied, which I assume we would)
Hydrogen is produced by electrolysis, using electricity generated using our gas, will be classified Green.
The EU wants to distinguish between electrolysis using fossil fuel generated electricity and renewable electricity. However they haven't agreed how this can be certified though. Impossible once the electricity is in a national grid, rather like the fracked LNG the UK sell to Ireland via the Moffat interconnector, which Eamon keeps quiet about...They could therefore 'be some time'..
So for the time being, whether the electricity used for electrolysis is produced by wind, coal, gas or peat, it can be classified as Green Hydrogen....we really are in a great place at the right time with all the runes showing in our favour...Exciting times ahead.
Chill Sefton, Blackdog. Ourselves MEM, GRH and other old lags are still well up. Paul's got an awful lot more riding on this than us. Not just a huge pot of cash but his life's work and legacy and Lonny's now in at 6p as well. I like to think they aren't losing sleep over comms that may add a few pennies because they know the size of the prize and world events just make it bigger every day.
Who'd have believed six months ago that the intransigent Irish politicans would finally concede gas is needed as a transition fuel. Not only that, sanctioned bizzarely as a 'green' fuel along with nuclear power by the EU. Plus of course oil hitting $120, LNG up six fold and natural gas isn't likely to plummet anytime soon.
Nice one Stiffy. Of all the questionable decisions made by the Irish Government in their war of gas, the closure of the country's only storage facility seems the most petulant and self harming-
Knowing full well transition to renewables would take decades. ..and at risk of being boring, continuing to burn coal, oil and peat in power stations and produce peat briquettes in a state owned factory for domestic heating....
Let's hope he's as good a diplomat as he is an oilman. He's not dealing with a government whole heartedly committed to getting gas and oil flowing like in T & T or Morocco..
Moneypoint is Ireland's largest power station, supplying 13% capacity. It is coal burning and heavily reliant on Russian coal.
This is the power station that should have been repurposed as the mega Equinor eco hub fed by a floating offshore wind farm, and a factory to build turbines. It was decided it couldn't be done without and closure has been delayed until at least 2025..
Could be intetesting.....even scrambling around looking for an alternative source will draw muchis attention to the sorry state of affairs..
https://www.irishtimes.com/news/ireland/irish-news/very-unlikely-ireland-s-supply-of-gas-will-be-impacted-says-department-of-environment-1.4811228
Trump clearly sought to bring Morocco under the cloak of 'respectable' democratic style Western facing Arab nations. The Moroccan government stuck their neck out with thd harmonising of relations with Israel- Maybe, just maybe Trump wasn't just being the peacemonger in this case for the sake of a better world-
Was he after securing phosphate or was he aware of a potentially new secure supply of gas and oil for the US and Europe. Enough to keep us going for two or three decades well away from areas of possible/likely conflict???
More commentary in today's Irish Times regarding energy shortages and again, more floating as to nuclear being a possible solution,- makes PRD's gas plans look super fluffy in comparison
Mentions Barryroe but nothing of Ram's Head/Corrib South...hopefully after April's summit, Paul will have spread da word
https://www.irishtimes.com/news/environment/irelands-energy
Just to remind everyone, Ireland has zero strategic gas reserves, nothing whatsoever for a rainy day because they have no storage capacity.
They did have storage space at Kinsale up until a few years ago but that has now gone.
They are solely dependent on the UK, Moffat interconnector which is both operationally and politically rather precarious.
No FSRU importation facility
Corrib will.be finished depleted in 5-10 years dependent on who is estimating.
The new gas power stations are going to take some time to build, in advance of that, the paperwork and contractual administration will no doubt move catch snail's pace.
You'd expect Paul and Lonny to be treated like knights in shining armour to the rescue on so many fronts, but who knows? Eamon will no doubt welcome them through gritted teeth. Sure he'll treat them as a necessary evil, like a 60s club owner in Bethnal Green buying protection from The Kray Twins...
Not psychic Nigel, have you a link? If this is really a new you, welcome aboard. It's a full moon in a few minutes, I follow lunar cycles and it's the best time to release emnities. I'd be burning some sage now but I'm in The Grand Hotel in Brighton and don't want the bell boys thinking I'm cooking something nasty up with a chemistry set.
As regards Sinn Fein, I reckon it's posturing. As Eamon found out, govrrnment needs to keep the lights on, and there are few other alternatives. A floating windfarm costs a billion and takes several years,even if money no problem. Reckon trying to nick votes off younger radical types disillusioned by the Greens concentrating on green issues rather than being social revolutionaries..
I recall one spiky haired young lady saying she'd resigned her Green Party membership because they were more interested in cycle lanes than social housing.
Been keeping a weather eye on prices for a good while but sure this is the biggest daily leap I've seen. This is on top of a 4% jump one day last week.
Cheers Androcles, didn't realise that, maybe I'll move there before the Grim Reaper comes tapping my door with the shaft of his scythe.
That being said, expect all being well, a number of us in big from 4p upwards will have plenty time to assess our options assisted with the very best tax advice money can buy before we meet our maker...
Nice one Lancy, one thing I do know is that AIM shares that have been held for two years or more are free of inherritance tax. Could well be the reason for Paul wanting the move to AIM and suits me fine.
Having spent the whole of my working life in local government, I have seen such disgusting waste, I don't intend leaving a penny in reach of the taxman. My wife works for the NHS and can assure you, the working practices there make Lambeth council seem frugal...
Cool Hampshire lass, that's good to know. There's a fair few of us on this board owning 1% or thereabouts, we've been in for a year or two and know sky's the limit. We won't see Paul or Lonny selling themselves short either. A lot of our shares are in very safe hands...
Many months ago, some of us wondered why we were still calling ourselves Predator Oil & Gas? Myriad companies, from micro caps to some of the biggest beasts on the planet were dropping the reference to their primary business like disciples blanking Jesus..I just noticed CHAR calling themselves Chariot Transition Energy and DGOC now calling themselves Diversified Energy..The mysterious Cube mentioned 'Oil' a few days ago in one of his less cryptic postings- could this be the reason? Paul may well have otherwise been itching to rebrand with our focus on CCS EOR in T &T and now the EU decision to class gas as green.
NdPr Oxide up 4% today on Shanghai Metals Market.
Nice shout out from Zak Mir on Bulletin Board Heroes.
Looking good...
https://youtu.be/CTLt8wYYesQ
Yet another good shout out Zak Mir's Bulletin Board Heroes -four days in a row.. Zak likes to trumpet his success when he's on a winner.. Great publicity along with Lonny's Tweets..
https://youtu.be/CTLt8wYYesQ
Leave it a week then Makemoremoney and try to get in on a pull back, but then Joe Biden may win a second term..
I made that mistake with Rockrose a couple of years back - waiting to retire and spend biggish, sadly watching it rise from £4 to £6 before I had the cash. Waited for a pull back that never was before eventually jumping in at £9. Doubled my money in a few months but could have trebled. Hesitancy cost me £35k..
Fortune favours the bold...