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Hi Ocelot, not being pedantic but just so we all understand what we've got. Graphite is NOT a metal. Graphite is an allotrope of carbon and therefore has a chemical formula of C. In other words, graphite is made only of carbon, therefore its chemical formula is the same as the chemical symbol of carbon (C).
I worry that if they can't organise a rig what hope have we got that they will be able to set up an extraction plant? How much longer does our licence last? What do the Tanzanian government think of our expertise? They want the gas out as much as we do!
Courtesy of Ocelot on the Angus board.
European gas marketToday 14:28
A growing body of contrarians has a warning for the market majority betting on a continued euro rally: the energy crisis that sent the common currency tumbling last year is far from over.
Investors and analysts at Vanguard Group Inc. and BlueBay Asset Management LLP argue that high gas prices will continue to put pressure on the euro-area trade balance. Others forecast that the currency could fall back toward parity with the dollar from $1.10 currently. The bloc is a net energy importer and natural gas accounts for a quarter of its power mix ...
“The huge spike in gas prices last summer has distorted market perception, making it seem like recent declines took Europe back to normal. They did not.” said Robin Brooks, chief economist at the Institute of International Finance in Washington D.C.
Brooks, a former chief currency strategist at Goldman Sachs Group Inc., estimates the euro’s fair value at $0.90, about 19% weaker than current levels.
European natural gas prices have come off the record highs reached last year, but are still double the levels seen two years ago. Front-month futures hovered around €39 a megawatt-hour and Energy Aspects Ltd. forecasts them to climb to €47.20 in the coming months and €71.80 later in the year.
“I think there’s a degree of complacency in the forward price for natural gas,” said Robert Lambert, a portfolio manager at BlueBay Asset Management LLP. Possible risks to supply include a drought that hinders German waterways used for transporting coal or a pipeline shutdown, he said ...
But for euro bears, the energy crisis is a more relevant driver than monetary policy in the longer run, as Europe’s energy transition to reduce its reliance on cheap Russian gas will be costly. The European Union’s energy imports more than doubled last year, according to Eurostat data.
“There’s a recognized need for independence in energy” in Europe, said Tom Nakamura, a portfolio manager at AGF Investments Inc in Toronto. “And you need to invest to be able to survive the next 20 years.”
https://www.bloomberg.com/news/articles/2023-04-28/euro-bears-warn-market-is-ignoring-risk-of-another-energy-crisis?srnd=premium-europe&sref=Em01M8Hr