Member Info for romaron

Miliband's press briefings remind me of those of 'Baghdad Bob' or as he was better known over here, "Comical Ali". When presented with facts Miliband replaces them with his own tortured and delusional reasoning. He is protected by Starmer, simple as that. They are family friends and the wives are close. The only reprieve we can hope for is within the Labour Party itself.

More reading - https://www.conservativewoman.co.uk/the-climate-scaremongers-mad-eds-lies-come-back-to-haunt-him/

This is closer to the truth https://www.edie.net/uk-struggling-to-get-hydrogen-home-heating-trials-off-the-ground/

I remember doing some sums on here. From memory it worked out at about £100k a home. The answer will always be that it is an early pilot and later models will be cheaper. Could be an interesting job for an investigative reporter. I'd love to know what the locals in Fife think so far?

Https://www.youtube.com/watch?v=D9GXQlA8qXY

“No willpower in the world can override the basic rules of physics, not even Dr. Robert Habeck.”

Ebba Busch, Swedish Deputy PM & Minister for Energy

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*Antarctic sea ice volume higher than 1980's. Polar bear population continuing to grow.

A transformational tie up with Ineos. Maybe even a JV with them a la Shell/Equinor? Crazy maybe but two of the actors are already Co-Chair at Pragma-Energy https://www.boerse-stuttgart.de/en/search/products/?query=Tullow

AB moves in elevated circles. Worth checking out Brian Gilvary - an impressive CV and contacts.

I don't think this was on their earlier website but it needs circulating. They are championing our interests. Read "A Conflict at the Heart of Government" https://www.pragma-energy.com/insights/a-conflict-at-the-heart-of-uk-government

This time from ScottishPower. Headline in EV is "ScottishPower submits £10.6bn transmission network transformation plan." The SP Energy Network CEO (subsidiary of Scottish Power - a Spanish company)said "“Government and industry have never been clearer on what needs to be achieved and now we need Ofgem to match that ambition with a price control that unlocks the capital required to finance the projects that will deliver clean power in the next decade,” she said." It's not unlocking capital. It is increasing subsidies via a raised pricecap. The renaming of this renewables scam is creative to say the least. As usual it will the public that will pay. In the article it also says that constraint costs , such as wind curtailments will save households around £167 per year by 2030. So £10bn to save£5bn.

Luckily for them Ofgem is more understanding and 'flexible' than NSTA.

*Freezing this Christmas" is number 1 on streaming. Not played on the BBC https://www.tiktok.com/@tunejunkies1/video/7448577198069402912

Https://check-long-term-flood-risk.service.gov.uk/postcode

Apparently it has been updated showing 6.3m properties in England at risk. Nothing has changed but there have been improvements in data and modelling. That isn't how the media will report it though. If you live in a new home in Watery Lane just off Marsh Avenue I wouldn't bother.

“To borrow a term from the late English economist and philosopher John Maynard Keyes, President-elect Donald Trump’s election victory has reawakened optimistic 'animal spirits' of the U.S. energy-driven economy that has been badly wounded by Biden administration fossil regulations in favor of green subsidy fetishes.” Larry Bell

https://www.newsmax.com/larrybell/economy-trump-energy-policy/2024/12/16/id/1191822/

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I like this too from the same article :

Meanwhile, the $5 billion taxpayer handout Congress passed to boost EV popularity with a national network of charging ports under the so-called 2021 Bipartisan Infrastructure Law hasn’t worked out quite as successfully as promised either.

Almost three years later the program has created just 69 total … delays attributed in large part to regulations encouraging unionization and requiring that at least 40% of so-called clean energy investments benefit “disadvantaged communities,” areas that need EV chargers the least.

Marvelous. It's why Louis Vuitton is in Bond Street and not Romford Market. I doubt Ed has ever been shopping or understands the dynamics of a council estate.

I was gonna gently disagree with you Tommo but you're closer than me. You've gone for the more glamorous conversion which is correct in one way as the physics say that the energy content is 5.74 in the RNS (close enough to 6 for me). However, nobody will pretend that you'll get the equivalent of 6,097 boepd Brent equivalent value accruing to EnQuest. That would be (let's say) $438k per day if it could magically be turned into oil. I don't fully understand gas and use this page for Brent and the NG below it:

https://tradingeconomics.com/commodity/natural-gas However, I was being too negative the other way. I looked up Malaysian gas and it was RM40.61/MMBtu which is $9.1. So you are actually closer than me. So its 70 mmscf at $9.1 divided by 2 (our 50%) which gross is $319k - as you said earlier, is not peanuts with a steady income and a diversification away from oil.

I may still be wrong but It actually looks like good business and increases our 2P reserves. I think that there was interest away from us (TLW, HBR) which attracted the interest so we just followed the London sector.

If the energy content was a reliable calculation oil is either $73 and gas $12.7 OR gas $3.20 and oil $18.35. I know it is far more complicated than that but there is a move to convert ICE vehicles to gas. On balance this is GOOD news but not game-changing.

*Ed Miliband knows something that none of the public does, namely, that he is a genius

Hi KO - yes and no. It can hardly be described as transformational but provides a reliable source of income I'd guess. Here's where I'm at.

I don't understand gas > oil. The conversion of 155 Bscf to boepd is @ 5.74 which is the rule of thumb I use (6X). Now this is where I get hazy. They also use BCF but I'm guessing the differential is tiny between that and Bscf. This is supposed to represent ONLY the energy content equivalent of both forms of energy so you work it one way and you get 27m barrels of oil @ $70 = $1.89 b. Go the other way and it is 155 Bscf of NG @ $3.2 = $496m.

Which one do you use? I reckon the analyst use the lower figure and that using the RNS (boe) comparison might fool us but not the professionals. For that comparison to be a true reflection of energy content then they should not have mentioned the boe as it exaggerates the value to us retail holders.

They had to RNS it but I don't like the presentation.

Interesting article in ST by Dominic Lawson. It finishes with DL commenting on how unfeasible the target of 95 % of the electricity grid to be free of fossil fuels by 2030 and that Germany, Sweden and Norway are rebelling against the tyranny and cost of renewables.

The final sentence is "But Ed Miliband will not let this trouble his sense of manifest destiny."

Manifest destiny is defined as someone who believes themselves 'divinely ordained'. It certainly applies to EM. He has shown this delusion and stubbornness throughout his career and I for one don't see much difference between him and Greg Wallace or Prince Andrew when it comes to the high opinions of themselves and their righteousness. None of them will change and the failure gene is in all of them but they won't accept it. They lurch from one disaster to another. How does EM survive? That is covered in the article too. He more than anyone is responsible for steering Starmer to leadership. Both men and their wives live near each other and are close friends.

Like a religious zealot EM is driven by his sense of importance and the legacy he thinks is the equivalent of a sainthood.

Well he's got close before but always stumbles. I'd say it's guaranteed and the sooner the better.

The buffoon like characteristics hide a driven individual who would give Torquemada a close race in chasing ideological targets whatever the cost.

he did get a mention in a piece by tim stanley in the dt:

"georgia meloni is the most powerful woman in europe, argentina has balanced its budget for the first time in 123 years... it’s jingle all the way! and this triumph of reactionary forces indicates that labour is not the future but the *** end of a dying order. keir starmer got lucky: he rode the covid election cycle. britain stands isolated on the continent, trying to flog wind turbines and ex-man city players to an indifferent world."

But Kier is there today. Is he going to tell them they're making a big mistake?

Https://www.reuters.com/business/energy/norway-oil-gas-industry-eyes-record-investment-2025-2024-12-16/

In latest issue two things I found interesting’ In a reproof to Ed Davey criticising O&G executive salaries saying in 2023 “it’s just obscene” yet he had no objection to accepting a seat at a Charity Gala valued at £2,500 from….

Francesco Mazzagatti CEO of Viaro who he was pictured smiling next to in February this year. Mazzagatti is the highest paid executive who received £16.5m in 2023 including a bonus of £15.9m. Still less than in 2022 with remuneration of £20.4m including a bonus of £19.5m. It then went on to mention a lawsuit that Mazagatti is involved in allegedly misappropriating $155m.

I imagine AB casts envious eyes towards these pay packets. Go for it AB and take us with you!

The other article was a very funny spoof piece around a Labour WhatsApp group. Usual stuff with Lammy being totally out of touch and out of his depth and Reeves blaming everybody else with Starmer basically a combination of both of them. Most of the cabinet (and Morgan McSweeney) get a mention until at the end there is this caption.

Wes Streeting – “I can’t help but notice you haven’t involved me in any decision about assisted dying. I thought you were in favour of killing things off? I was just trying to despatch the Bill with dignity. Are you ignoring me now, PM?”

I believe there is a division opening up in Labour. Streeting and Rayner must be mightily p*ssed off at the favourable treatment Net Zero gets and will have people whispering in their ears at the true costs. If it’s about jobs then building homes is a priority (I favour modular factory built homes playing a part, remember prefabs?) and the NHS needs new hospitals, purpose built and the old ones could be turned into homes and extra cash towards the care system. There is so much that can be done without bankrupting the country. Instead we spaff it away on cucumber juice. Greta if you’re in that business (not a typo).

*Streeting grew up living in a council flat in Stepney where my roots are. Unlike Miliband he can say "Hell yes, I'm tough enough". I hope he gains traction in alerting people to the fact that Miliband, the Assad appeaser and enabler, does not deserve high office in any administration. His track record speaks for itself. Jumping on bandwagons is all he has on his CV.

Hi oct23 - I did know about the mooted link but this is another that'll go up in billions while still on the drawing board. Wind and water are free but unless my wife is prepared to put a bucket on her head and go to the village well I will continue to pay my bills to Affinity Water and don't mention Evian. Beer is basically water at £5 a pint.

I holidayed in Morocco and could not get a spoon to stir my breakfast coffee. A fellow guest chuckled and said he'd been there 10 days and given up the spoon request. What they did offer though was a hotel member of staff who would come and stir your coffee. It gave employment to people so it was a case of grin and bear it.

Figures are already questionable because DESNZ are involved and their expertise in Capex is basically based on Hopium and Cucumber Juice.

The guaranteed winners are those involved in developing the scheme. £millions will already have been spent by DESNZ and the green crusaders. We all know that it is a Ponzi scheme reliant upon lies about 'climate crisis' and technologies that, like miracles, have yet to arrive ". . . He had been eight years upon a project for extracting sunbeams out of cucumbers, which were to be put in vials hermetically sealed, and let out to warm the air in raw inclement summers. He told me, he did not doubt in eight years more, that he should be able to supply the Governor's gardens with sunshine at a reasonable rate; but he complained that his stock was low . . . since this had been a very dear season for cucumbers. I made him a small present. . . ." Jonathan Swift, Gulliver in Balnibarbi 1726.

AoK - great post.

Https://notalotofpeopleknowthat.wordpress.com/2024/12/14/norway-wants-to-cut-energy-links-to-europe/#respond

The impact of this insanity is delayed because the bills are months away in adjustment and billing terms but it is industry and the public who pay the higher prices. It looked good on paper and is a reminder of Brexit. I was a Remainer but not sure I’d vote the same way again this being one of the reasons. When the bills arrive, Ed if he is still in office, will produce rabbits out of the hat (are there any left?) and maybe it’ll be sunny and windy. This puts us and more so the EU in a massive game of ‘hokey cokey’ where you are forced to play. The rules benefit one moment and hurt the next. Wind is also called weather as is rain in my simple mind. Humans will never control it. Can’t they put Ed in charge of water with the mission to export our floods in time of abundance? I hear that the Sahara is very dry. They can ship the sun back in return.

Https://order-order.com/2024/12/12/watch-freezing-this-christmas-starmer-parody-song-tops-itunes-chart/

Apparently its top of the icharts (whatever they are).

He's got a point about Petro-states and dictators like Putin controlling fossil fuels. I wonder how Trump will like this description? Norway must be peeved too. No mention of the NS. Can, may, perhaps and guesswork was what Nick Robinson said - only promises and targets. So far Nick Robinson best interviewer. He did bring up the wind not blowing. Miliband responded by dissembling.

Thanks KO - best of the 3 interviews I heard. BBC the best. Hat off to Nick Robinson.

From 08:12

WTF don't these idiots employ decent producers. Ask Ed why ATM the grid is using 70.8% gas and 6.2% wind. Solar 0.1%