Member Info for Nomad1

I don’t believe the sp will stay down for too long, the oil price cap comes into force on the 5th.
What say ye.

OWLS, Yes my bad I got 10 billion in 2030 mixed up with 2050. I should know better I was posting about this very subject on the Shell board two years ago. Some peeps were saying the oil price would never go up because everyone would be driving electric cars by 2050. This won’t happen because there will be 2 billion more people in third world countries who will still need oil.

Owls, I seem to remember reading 10 billion by the end of the decade, I don’t know where you got 11 billion by the end of the century from because it’s going to be way more.

Peaky, after Ex div if the sp drops below £10 it could go to £8.

Hi Barrieprov, I seem to remember last Friday Shell shot up through £25 but BP struggled to get over £5 maybe its just readjusting.

Indeed Baz, but CT is cool and we have a lot of freedom here.
It’s Sunday so my Asian wife and I are going to burn some hydrocarbons on a Harley breakfast run. Our bikes have straight through pipes and if we get stopped for speeding there’s just a £10 + fine and no points of our licenses . Usually the cops just want to look at our bikes and then ask us to give them a rev!!! Lol.
At the end of the day we can all usually share a joke, so they generally leave us alone because we do a lot of charity work for their cousins.

Hi meoryou, SA is swings and roundabouts. We are okay because everything is paid for and we don’t have children. However if anyone was thinking about moving here with young children, they would need to be making a lot of money for private schools and medical etc.
You stay you pay there’s no help for us.

Hi Pang, yes the Garden Route is stunning. I have sailed up and down the Wild coast which is teeming with wildlife, and I understand why the South Africans stopped Shell from running their seismic surveys.

Hi meoryou, we are living in Cape Town which is 2hrs ahead but only 1hr when you change your clocks. Summer is here the SE’er is thumping and a pint of Guinness or Stella costs £2.20 ish.
Happy days

That fine it’s good information cheers, I was just trying to think out of the tube.

Hi meoryou, that sounds like a mission because these pipelines are very long and you would need a shed load of gas and tankers. It doesn’t sound feasible to me but what do I know.

Hey Bigbadbaz, I assumed the oil companies would of capped the well when finished.
If you are talking about water seeping in through the surrounding rock structure well surly that happens anyway, and as previously stated the oil already has water mixed in with it.
Even if it spoiled at least you could still create a minimum movement through the pipes.

Or into another old empty well where it could be stored for later.

Probably a stupid question but could they transfer it to another pipeline then pump it back down underground from whence it came. In other words create a temporary loop.

Interesting cheers guys I learnt something today. So even if the war stopped and there was a new democratic Russian government voted in it looks as though the pipes will be toast looong before that happens.

BPI, I can’t imagine Europe doing a U-turn and start buying Russian oil again so the pipes are scrap anyway. I assume Russia is thinking the same or it would not of blown up the undersea pipeline in four places.

I have been clock watching expecting the sp to drop from the usual Friday profit taking especially after the sp has been on a run.
But no it seems to be holding on nicely but I’m a couple of hours ahead of you.

US Jobs figures are still high at about 260,000 + which means they are not in recession but the Fed will raise another .75 next month.

Boyo, Brent is now at $98 pb and the 5th December ban on Russian seaborne oil will soon be upon us, then this will be followed by China hopefully coming out of lockdown in January.
Where do you think the oil price will be in the first quarter of next year.

Yep what a ride I bought BP at £1.97 and got a lot of Shell at £9.67 which jumped £1.25 since yesterday morning. The sp may pull back but they will continue to rise.