Member Info for Nomad1

The Russians told the Europeans they are having trouble supplying enough gas for their own country. The Chinese have been converting some of their power stations from coal to gas and now they are paying five times more for gas. So now they have told industry to change to oil while the government are buying the dirtiest sulphur producing Indonesian coal on the planet. Two years ago it cost $20 per ton and now they are paying $135 which will over double their carbon emissions which makes a nonsense of the whole thing. This is a classic example of the next 15 years and RDS are going to coin it! £30ps here we come.

RDSB reaches $45.12 the highest it has been in 19 months

Hi NSS, It’s been a long 18 months trying to claw our way out of the hole we found ourselves in let’s worry about it when or if it happens. Whatever happens it could never be as bad as this recent Covid period. Personally I believe RDS and other energy companies who have transitioned are going to do extremely well over the next decade selling gas and oil at high prices.

If the northern hemisphere has another cold snap this winter oil could possibly go into triple digits, and Chinese companies have been ordered to buy as much energy stocks as they can for whatever price. They and some other Asian countries are currently paying 4-5 times more than the US and Europe for natural gas $28 + - btu. The current gas price of $5.68 btu or 100 Eur per MWh is the oil equivalent of $190 pb.

Hey Brimmer, Yesterday I watched an interview with Veteran trader Mark Fisher MBF clearing founder & CEO on the Bloomberg Halftime report. He believes oil and gas will be a lot more expensive and in demand for the next 15 years and could certainly pass $90 pb this winter. He went on to say all of the beat up energy companies are going to be worth a lot more in the next few years.

Only joking
I am still in for the long haul and hope to see £18 by ex-div but a lot depends on what OPEC+ plan on doing

Mind The Gap

Char I stood up for you when those awful girls were tearing you apart, then you turn around and refer to myself and others as Del Boys for being optimistic. I have also had enough after listening to you whining for over a year. Where are those witches when you need them? Feed!

Early reports of an explosion and fire that has broken out on a container ship in Jebel Ali Port Dubai.

Hey Steve I hadn’t thought about that I have a Panhead a Twincam and a new M8 RGS. Getting the newer models remapped will cost but if our one and only stealership goes bang, it’s going to be a challenge to find someone else to do the work where I live overseas. My EVO never did like changing from leaded to unleaded
petrol and I wish I still owned it give me a carburetor any day.

Now we dig up peat bogs and build Taylor Wimpy & Co housing estates on them which flood at the first sign of rain. Whodathought

If they try and remove containers the ship must remain upright due to the stacking/locking system. If the ship is not upright the pressure of the containers will push against this mechanism jamming it.

Evergreen floated and it should take three weeks to clear the backlog
Oil down

Hey Bald E yes several stories which have to be filtered as the owner is trying to cover his ass from insurance claims. She was speeding which apparently is common if there’s a pilot on board and this would of made it harder to control when things went wrong. It has also been reported there was engine failure due to the eco bio fuel she was using. This is apparently common and it’s been reported by other shipping companies that the valves just don’t like the eco fuel and it can make the engines splutter or cut out. I assume this would of knocked out the electrics and with strong winds hitting the ship and a combination of all these factors was enough to push her of course. Anyway the Dutch and Japanese salvage dredgers arrived a day early and the have already moved a lot of sand from around her hull. If they don’t float the ship tonight on the spring high tide then they may have to start trying to lighten her.

From now until Wednesday there are the spring equinox high tides in the Suez canal, then throughout April they will start to get lower so let’s hope they can float it soon. One of the other problems is the wind which can blow 40 knots which will only make the situation worse as the ship has poor aerodynamics.
In June and July the NW Shamal winds start to blow 50 knot sand storms.
Even with a pilot onboard the ship was speeding at the time of the crash. It was doing 13 knots when the wind caught the side making it hit the bank with quite a whack.

Watch this then tell me it’s going to be floated tomorrow. I hope you can open it
https://m.youtube.com/watch?fbclid=IwAR3rl_7bFMdIl4C9P17J5cjtOJUBOdtEXkPIKFlNAcFs6gHoUSESf5xYZ04&v=Ws3BtZ7mma8&feature=youtu.be

This ship was not structurally designed to be supported by the bow and stern at the same time.
I hope it doesn’t crack and tip all the containers into the canal because that would close Suez for years!

Yes Boyo you’re right there are bypass canals further north and they may be using them to park the back log of ships. Unfortunately this 20,000 can container ship is at the southern end of the Suez Canal and there’s no where to pass. They are expecting a high tide in a couple of days and while they are waiting fuel is going to
be transferred to another ship to make it lighter.
Let’s hope it works because the top cans are 10 stories above the Freeboard and there’s no floating crane that has the reach to off load them. Even if they could where would they put them what a nightmare. I’m sure they will float her soon.

Boyo The logistics of trying to remove the containers are mind boggling. They have to make a plan and free it somehow and if not from the bank, then maybe with a dredger barge with some sort of big mechanical JCB digging arm. The other option for oil tankers and all other shipping is a three week trip around the Cape.

Hey Boyo the older canal is narrower and I’m not sure if all of the new tankers will fit. After watching new footage I think they will be able to dig out the Bow/pointed end and give it a bit of a push pull. If the Shamal stops blowing.