the water is literally rising FFS, once tipping point occurs and Greenland glacier melts bang that means massive rise and destruction of the gulf stream - for us freezing winters like Canada - but bury your head mate
CEO i am not a school now so not sure but probably different to the chalk board and abacus you may have learned from, but i do know that dinosaurs didn't have to worry about city's being flooded, and they adapted - ie branches died off and others took over over many millions of years - not sure you equate the evolution of dinosaurs (165 million years) and humans hundreds of thousands of years - or do you believe the world was created 5000 year ago?
there you go CEO - not just a poly
https://www.proactiveinvestors.co.uk/companies/news/997512/chariot-discusses-latest-green-hydrogen-project-in-morocco-from-cop27-997512.html
Finished the week above the wave one high - yellow horizontal line
look here
https://www.tradingview.com/x/wsLrogBs/
No I have already said that the wave is not my specialty I have asked about this because we have dipped into wave one territory...this is what i have got "its all about the close now for the week - BoE tomorrow amd CHAR at a key level. Robert Miner - an amazing technician says you can dip into wave 1 territory but not close in it. If we close below it does not negate the idea of new highs but reduces the options to this being a rising wedge or leading diagonal. The weekly 50 moving average is the biggest concern technically here. It has been support and resistance before and becomes potential now so lets try to get above
its just a stay really - i think talk of 100 p plus is a bit premature
COMPANIES
Gas age coming to an end despite crisis, says IEA
Demand for gas remains flat following peak in 2030, according to a new IEA report, while oil needs fall after mid-2030s
October 31, 2022
By Alex Hamer
International Energy Agency says there's around a decade until peak fossil fuel demand
A clean energy ramp up could quicken peak oil and gas, as the world is currently on track to hit 2.5 degrees of warming by 2100
Just as oil and gas companies remain on track for the most profitable year in their existence, the International Energy Agency (IEA) has reaffirmed its estimate of peak demand for fossil fuels: 2030 for gas and 2035 for oil. In the meantime, gas demand growth will slow to 0.4 per cent a year, the report said, compared with 2.3 per cent between 2010 and 2019.
Previous peak oil estimates by consultancy Rystad Energy had seen oil top out at over 106mn barrels per day (bopd), while the IEA has put it at 103mn bopd, driven by advanced economies shifting to electric vehicles. A quicker shift to EVs could bring that peak to as early as the mid-2020s, however.
The agency's latest energy outlook comes after two years of rising oil and gas demand and disrupted supplies, first from the Opec cartel and private companies barely ramping up supply during the Covid-19 rebound, and then as Russian oil and gas was largely removed from Western markets because of the war. The 2030s IEA forecasts are reached from a ‘stated policies scenario' that uses current policies and government strategies.
Despite the closeness of 2030 in capital allocation and project life terms, if the current rates of growth for solar and wind power and electric vehicle take-up are maintained, peak demand for oil, gas and coal, could come sooner. This would also bring down the forecast temperature increase – the current trajectory is for warming to reach 2.5 degrees by the end of the century, well beyond the Paris goal of 1.5 degrees.
Rystad said high gas prices would likely spur more renewables investment given wind and solar were far cheaper than fossil fuel options. "For Europe’s utilities and member states, at prices over €100 (£86) per megawatt hour (MWh) it is unsustainable to continue generating electricity using gas, especially when solar PV and onshore wind offer far cheaper alternatives," the consultancy said, although highlighting that gas would continue to "play an important role in the European power mix". Rystad's gas price forecast for 2030 is €30/MWh, below the average 2021 price of €46.
The short term has countries looking for new sources of gas, however. Prices are currently far below the highs of recent months, but forecasts for next winter are dire as storage will be depleted after a summer without Russian gas imports into Europe.
The IEA said investing in fossil fuels was not the route out of the current energy crisis.
“In the most affected regions, higher shares of renewables were correlated with lower electricity p