Member Info for nomlungu

"David Lenigas! UKOG! FREE 3D and A FREE NEW WELL HH3"

Something free from DL? Has Adrain been smoking the Piece Pipe with Swampies?

THG:

'THG's fortunes are also being closely monitored by Warrington council, its largest creditor.

The Labour-controlled local authority has controversially lent companies controlled by Moulding more than £200 million, making it its biggest loan.'

#WTF was the council thinking?

Thank you for the reply. #Respect

3 questions:

1 - Surely hydrogen storage in gas fields or salt caverns is a farce / gaslighting by existing energy players when hydrogen storage via ammonia seems superior and cheaper.
2 - Hydrogen molecules are so small that leakage in the gas network seems a real problem. Do you see any place for hydrogen in the gas network [a cynic would say that existing gas producers would like to see a new market for their gas to make hydrogen to add to the blue gas network]?
3 - Do you expect significant GOV policy changes under a Labour GOV?

Looks like some sort of alien landing... photo reinterpreted by AI

https://dreamlike.art/d/Sow1grAM21QW

Article about heat pumps - Daily Fail readers will say it is all fake news:

https://www.iea.org/commentaries/global-heat-pump-sales-continue-double-digit-growth

https://www.iea.org/data-and-statistics/charts/ratio-between-sales-of-heat-pumps-and-fossil-fuel-based-heating-systems-for-buildings-in-selected-countries-2021-and-2022

Is he busy raising money?

https://theintercept.com/2017/01/10/the-crimes-of-seal-team-6/

Nice guys to go canoeing with...

Interesting article - written from an American perspective but applies to here as well: "Bubble trouble: Climate change is creating a huge and growing U.S. real estate bubble. Rising seas, bigger floods, and other increasing climate hazards have created a dangerous instability in the U.S. financial system."

https://yaleclimateconnections.org/2023/04/bubble-trouble-climate-change-is-creating-a-huge-and-growing-u-s-real-estate-bubble/

Gaz,

If the setup saved you over £1k a year, maybe. If you are concerned about the grid breaking down in winter, then having some backup power is an intangible benefit that you would need to factor in. The battery capacity and how smart the system is of more importance:

How much power would you want the battery to be able to store?
Are the panels capable of providing in winter the minimum that you would need?
What contract can you get to sell excess back to the Grid?
Is the system smart enough to charge when power is cheap [midnight when there is a gale; sometimes you should be paid to take excess power from the Grid].
How much will adding a battery storage system add to your house insurance?

And, bear in mind that battery fires are dangerous, so is there a detached garage / brick shed to house any battery in?

They quote sub £8k for 10 panels, battery and installation

Odd RNS this morning:

https://www.investegate.co.uk/peter-lake-sounds/rns/peter-lake-releases-new-song-about-nuclear-war/202304140700072458W/

Anonymous musician uses RNS to announce new song? WFT? Maybe a Banksy side project?

Rampers already moving onto new hopes for UKOG - a sign of lack of confidence on this ramp?

Will SS pull the rabbit out of the hat and surprise rampers with a placing before they were expecting one and create a new set of 'long term investors'?

If turnover will be up 20% then turnover will be around £150m. First half turnover was £80m so 2nd half turnover down by £10m to £70m. Even with winter being quieter, this is slightly more of a slowdown than I had expected.

But, profit is still up 50% and the slowdown seems more of a bump in the road and VANL Canada offers hope of diversification away from UK based turnover in years to come. PE of around 10 seems about right

The press say it is too early for the bank collapses to feature in the results, so any weaknesses will get worse in Q2 results.

This morning, I posted: "The GOP are going to go ballistic in the debt ceiling talks [which have not even started]. Be careful but mindful, some opportunities may be offered by Santa if you have patience."

This evening, the FT writes: "Amid a stalemate between the White House and congressional Republicans on raising the federal borrowing limit, the price of five-year credit default swaps — the most widely traded form of debt insurance - reached its highest since 2012 this month."

https://txtify.it/https://www.ft.com/content/0ffc5460-09b8-4d0f-9f52-66337916cac4

The Chinese deficit is even worse; when the behemoths stop spending, the recession will be worldwide.

They say when the US catches a cold, the rest of the world's economy gets Pneumonia. This stat is truely scary:

'So far, in fiscal 2023, while the federal government collected $2,048,196,000,000 in taxes, it spent $3,148,900,000,000—resulting in the deficit of $1,100,704,000,000.'

https://www.cnsnews.com/article/washington/terence-p-jeffrey/deficit-tops-1-trillion-first-six-months-fy2023

https://www.politico.com/news/2023/04/12/fed-economists-project-recession-this-year-00091710

The GOP are going to go ballistic in the debt ceiling talks [which have not even started]. Be careful but mindful, some opportunities may be offered by Santa if you have patience.

Stage-6 load shedding: Allows for up to 6,000MW to be removed from the power grid, leading to power supply cuts in the impacted area 18 times over a four-day period for four hours at a time.

https://businesstech.co.za/news/energy/679511/south-africa-warned-of-load-shedding-beyond-stage-6-as-winter-approaches/

https://www.bloomberg.com/news/articles/2023-04-12/eskom-latest-loadshedding-continues-restoring-pylons-may-take-five-days

The electricity shortages will only get worse as ZA enters winter; cannot be good for miners there.

Some are less trusting of The Dear Leader (praise be his name) than others on this board. New recruits to The Ramptastic Brigade might like to watch this video of snippets from previous sermons to the believers:

https://www.youtube.com/watch?v=V1_stpqkU7w

One can only wonder why the YouTuber named their account 'Water Islife'

'Financial markets aren’t pricing in the heightened risk of mass writedowns across energy portfolios that’s implied by the Inflation Reduction Act [IRA], according to the chief executive officer of Impax Asset Management.

Investors are still “really struggling” to calculate the so-called stranded-asset risk that oil, gas and coal producers face, Ian Simm, CEO of the $50 billion London-based sustainable investment manager, said in an interview. '

https://www.bloomberg.com/news/articles/2023-04-11/biden-s-ira-exposes-badly-mispriced-assets-due-for-writedowns

The IRA is one to watch carefully... I have been watching NeoMetals but it looks as though the subsidies on offer in the US might be stealing an entire sector from the UK / EU making another pool of 'stranded assets'.