Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Hard lessons will have been learnt by all Western governments over the last 7 months regarding the supply of energy.
Surely, proven companies like BP and Shell need to be placed by governments at the forefront of the delivery of energies.
https://seekingalpha.com/article/4539878-exxon-mobil-versus-bp-better-big-oil-pick
From The Telegraph.
Ms Truss pledges to set out “immediate action on energy bills and energy supply” in her first week in office, as a prelude to a budget that would take place later this month.
Ms Truss writes: “We need to take the difficult decisions to ensure we are not in this position every autumn and winter. Sticking plasters and kicking the can down the road will not do.”
While aides insisted that plans for reform were yet to be finalised, Ms Truss’s pledge to avoid relying on temporary solutions to the problem of soaring energy prices suggests that the Foreign Secretary is preparing for an overhaul of the market.
I’ve got the next update down as the 12th of Sept.
Javier Blas (Bloomsberg commodities and energy correspondent)
OIL MARKET: So far in August, the US has drawn crude inventories at a rate of nearly 300,000 b/d despite the fact the SPR has released stocks at a rate of more than 700,000 b/d during the same period. The SPR releases end, in theory, in late October
Fixing prices for Joe…