Member Info for nomlungu

I had not appreciated the drop in Brazilian demand... and their dams are full, so plenty of banked power capacity.

https://www.reuters.com/business/energy/brazils-hydropower-relieves-european-gas-squeeze-kemp-2023-07-19/

He seems guilty of crimes that a sentence of Bamboo Torture would fit

https://en.wikipedia.org/wiki/Bamboo_torture

A real expert would know that the share price has fallen more than 5% from 0.06p over the last 6 months:

https://www.google.com/finance/quote/UKOG:LON?window=6M

The naming of this video from a Labour Activist is excellent... pity his video is so true:

https://www.youtube.com/watch?v=bFnseY-7tOw

I am a bit confused - if excitement is building why is the share price down? Has a ramper been posting misleading Subject lines on posts or would the share price have fallen even more without this exciting news?

Maybe there is an expert who could help?

Will any Tory who loses his / her job in the next election go and work for a company that has recently received state subsidies?

Today's 'Balance of Power' email from Bloomberg puts the cost to the taxpayer of the battery factory at £500m:

https://www.bloomberg.com/news/newsletters/2023-07-19/high-tech-subsidy-wars-widen-global-divide

UK Prime Minister Rishi Sunak hailed the project, despite previously denouncing “subsidy races.”

Venezuela?

Trek,

2 AI emails I am subscribed to:

https://www.therundown.ai/

https://www.futuretools.io/

Troajan,

Onshore is cheaper... from National Grid:

'Cost effective

It’s one of the least expensive forms of renewable energy (along with solar PV) and significantly less expensive than offshore wind power. Cheaper infrastructure and costs to run means onshore farms can help lower electricity bills.'

https://www.nationalgrid.com/stories/energy-explained/onshore-vs-offshore-wind-energy

Geothermal fracking showing promise in the US

https://www.bloomberg.com/news/articles/2023-07-18/fervo-energy-says-it-has-achieved-geothermal-energy-tech-breakthrough

https://fervoenergy.com/

It requires fracking but will not be extractive so would have less of the tremors associated with subsidence and the life of the well would be in decades, not years.

Ocelot could dine out on this story for months:

https://www.bloomberg.com/news/articles/2023-07-18/fervo-energy-says-it-has-achieved-geothermal-energy-tech-breakthrough

And they do not call it fracking; it is an 'enhanced geothermal system'.

Troajan,

It is not an unreasonable decision, but it does not excuse the many unreasonable decisions this GOV has made.

The amount of money that was wasted on PPE and Test and Trace was inexcusable. And now they excuse not being prepared to help kids out of poverty on there being no money left.

Remember, there is a record tax burden on the middle class. But there have not been tax increases on unearned income. GOV has starved HMRC of funding, so there are less tax inspections and more tax not collected from the rich. Conscious decisions by those who rule over us.

A different GOV would have invested in GRID storage research and allowed onshore wind and improved the GRID. Instead, it takes years to get a GRID connection if you want to develop a wind or solar farm. But if you are the PM and need the local GRID improved, so you can heat your pool they can fix that; hell, he can even have energy with a price cap subsidised with workers taxes.

The Red Wall needs feeding

Trump expected to be charged with insurrection on Thursday... I would be stocking up with popcorn if I ate popcorn, or champagne if I still drank alcohol.

https://twitter.com/Alyssafarah/status/1681296379736358913

🎇

Troajan,

I agree, missing the boat is no good, but I would like to see more effort put into growing the next generation of workers / consumers. No point in giving them substandard education, dodgy housing and malnutrition.

It takes 20 years to grow an adult, so subsidising business should not come at the expense of a substandard next generation.

'The government is providing subsidies worth hundreds of millions of pounds, sources said.'

Starve the Children; Save the Tories.

19 Jan SP was 0.06p; down more than 5% to today's 0.0565.

📉 💣

And then there is record inflation to dd in as well...

NASA use nickel-hydrogen batteries for satellites and interplanetary probes; the space station as well. The batteries last 'forever' (over 30 years) and can withstand extreme temperatures of space; no fire hazard as well. A materials scientist has come up with a way to cheapen them by replacing the platinum and palladium in the electrodes with zinc claiming to have brought the costs down enough to make them suitable for grid storage.

https://enervenue.com/

One to keep an eye on; Matt Ferrell has done a video on the battery tech:

https://www.youtube.com/watch?v=2zG-ZrC4BO0

Not if you are waiting for UKOG to make a profit.