Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
For a moment there I thought SV was going to tell us something we didn't already know or something with some actual substance rather than his usual gobble de gook, ROFL
Dominic Cummings is a loose cannon and has a massive bias for science. Furthermore his father constructed oil wells for Laing so he clearly has a lot of inside knowledge and understanding.
Don't be surprised if he backs carbon capture and UK based suppliers, he suffers fools badly and is ruthless.
The next couple of years could be very interesting in my humble opinion.
Last week on Skye News the CEO of the Drax power station explained that it is about to transfer from coal burning to gas burning in order to reduce carbon emissions.
Gas is going to be around for the foreseeable future even if only to supply the millions of gas central heating systems and cooking facilities across the country and if carbon capture can be developed sufficiently then gas could become a serious competitor to 'renewables' most of which aren't actually renewable.
All IMHO, good luck all.
Just watching the CBI conference where it was explained by a guy from the Oil & Gas industries that currently fossil fuels supply 85% of the worlds energy needs and that getting to zero carbon is going to take a whole lot longer than 2030 and that carbon capture is going to be a big part of achieving that goal. Clearly fossil fuels are here to stay for a long time to come.
Auntie what I think you meant to say is that 44% of the people know absolutely nothing about fracking other than the deceitful propoganda they have been fed by swampies and the tabloid press and are generally totally ignorant of the true scientific evidence. You could well be right by predicting this is the beginning of the end, the end of this country being competitive in the world ever again while countries who have a more pragmatic approach prosper at our expensive. The end of us being self-sufficient while our continued and ever expanding need for energy is supplied by countries with a more pragmatic approach who will have a financial hold over the price they demand from us. The end of our standard of living as countries with a more pragmatic approach surge ahead and undermine our manufacturing capability by producing cheaper goods created with the use of cheap local energy. If Corbyn and Labour, who are the true architects of austerity since they left the Treasury bankrupt last time they were in power, ever get their way it will also be the end of our childrens future as he saddles generations to come with massive debts and no conceivable way of paying them off in order to fund his deluded lifestyle. Let's just hope the country comes to its senses before it's too late. All IMHO, good luck all.
Love the way certain parties are celebrating as if it's all over perhaps they have failed to understand the definition of the word moratorium, a TEMPORARY prohibition of activities. Temporary in this case probably means until the election is over. One thing for sure is that the DEMAND hasn't gone away and isn't likely to in the near future. Take a look at the energy supply split for the UK. The Institute for Energy Economics & Financial Analysis published energy sources for the first quarter of 2019 show that while renewables generated 33% of the total volume gas is still supplying 39.5% and nuclear 16%. At the same time while we are hamstringing our economy Russia is predicted to overtake Indonesia as the top exporter of thermal coal by 2040. Now take a look at the British Geological Societies data for naturally occurring earth tremors over the last 50 days and their magnitudes then ask yourself why 0.5 should be set as a limit for fracking. In fact a tremor of 2.4 was recently recorded in Melton Mowbray so should we assume there will shortly be a moratorium on Pork Pies? Personally if I had a choice between a nuclear plant with the potential of destroying the whole country and at least half of Europe in the event of an accident or a Fracking site at the back of my house I know which one I would vote for. On the topic of voting why would anyone in their right minds vote for someone who only managed to achieve 2 'E Grade' A levels (the lowest possible pass grade and an indication of pretty low intellect) to become Prime Minister. The moratorium timing and definition is likely to indicate the workings of a much sharper mind and a much higher intellect. It seems to me that now is the time to top up! All IMHO, good luck all.
Ritzo/Ratzo/Auntie et al, with your great wisdom and vast knowledge, anything you would like to add to the very positive RNS while we are waiting for your predicted 39p to materialise?
Yeh you're right mate, what a genius, those pesky coalfields are such a pain. To be honest just like everyone i'm sick to death of all the constant disruption, day after day widespread damage to land, houses, roads, railways, engineered structures (bridges, tunnels, dams), utilities (sewers, pipelines, cables) all constantly breaking down because of mining. It's beyond me how we ever survive from one day to the next and as for those civil engineers, builders, planners et al who know absolutely nothing about geology, well, what a bunch of complete numpties.
On the other hand and as someone who grew up in the heart of the Derbyshire/Nottinghamshire coalfields I can't actually recall any major incidents apart from the occasional underpinning or wall ties required to counteract some minor subsidence. And then i can't help thinking about all the immeasurable benefits this country gained from coal and the effect of these benefits on millions of peoples lives. The steam engine and everything that gave us, jobs, steel, whole communities, family security, food on the table, travel opprtunities, everything that went with the Industrial Revolution pretty much relied on coal for something or the other. Decisions should be based upon the simple question ' do the benefits outweigh the disadvantages' and in this respect the benefits of coal most certainly outweighed the disadvantages and sooner or later people are going to wake up to the fact that the benefits of fracking are going to outweigh the disadvantages massively. Considering the current state of things the SP is holding up pretty well!
All IMHO, GLA
And did anyone actually notice? Take a look at this, the west coast is infested, how much of that was due to fracking and how much caused a problem?
https://www.bgs.ac.uk/discoveringGeology/hazards/earthquakes/UK.html
The question we should be asking is 'Do the advantages of fracking outweigh the disadvantages'? If the Luddites had been succesful and if you had been around at the time and succesfully promoted your opposition to mining new coal seams then the Industrail Revolution would have never got off the ground. Once out of the EU our economy is going to need every bit of positive financial input it can muster. I don't think I need say anymore!
Dear Aunty, if you only ever complained once a decade that would be fine but complaining every time someone sneezes and blaming it on fracking is unacceptable. Furthermore you are never in a million years of fracking going to dwarf the number of naturally occurring tremors, just check out the data. I'm glad you mentioned mining since i live in an area infested with mines and i can tell youi that apart from the occasional subsidence we have survived the entire history of coal mining without any significant problems. It is also worth noting that without mining coal we would never have led the world and gained all the benefits we did from the Industrial Revolution.
Auntie Frack, you state 'the BGS database lists 39 tremors at level 6 or more since 1900', that's a 119 year period, pray do tell how many of those were induced by fracking?
Also, how do you know the tremor on Monday was not 'just another natural occurrence' similar to the 39 you have quoted? I suggest you actually check out the Wikipedia link where you will see that tremors well above level 0.5 have been going on ever since records started to be recorded over 300 years ago and with hundreds significantly above level 4. That is not BS it is actual scientifically recorded data so please explain to us all just exactly how you distinguish a tremor induced by fracking from the hundreds that take place each year through natural fault lines. And while your at it you might like to explain to us why you never complained about the hundreds of naturally occurring tremors and their effects prior to the advent of fracking? If you could live all those years with the mass of naturally occurring tremors which took place without complaining why would you get upset at the possibility of one or two being induced by fracking? The answer is you like so many haven't really thought about it rationally have you?
On average, several hundred earthquakes are detected by the British Geological Survey each year, but almost all are far too faint to be felt by humans. Having said that a significant amount are greater than the 0.5 magnitude that stops fracking and many are much greater. The records in the link below are not generally understood by your average Joe public who is more likely to be swayed by media headlines and irrational activists than by scientific data and there lies the problem.
https://en.wikipedia.org/wiki/List_of_earthquakes_in_the_British_Isles
As for climate change anyone who has studied Geology and the effect of climate on the formation of rocks from the Pre-Cambrian to the present day will be aware that climate is in a state of constant flux and always has been. Again, don't expect your average Joe public to understand that since his attention span is generally limited to the contents of page 3 so he is more likely to support the BS put out by organisations and individuals with suspect motives.
One wonders why the decimation of the rain forests and forests in general, just look at the deforestation in the UK over the past 500 years, isn't given as much attention as is directed at the reduction in carbon emissions?
Let's hope common sense finds a way through the BS but if it doesn't then hey ho just suck it up and move on.
GLA
Well said Paolo,
See link for latest on Government position. With Andrea Leadsom in charge of BEIS i think we can look forward to a pragmatic approach going forward.
https://www.gov.uk/government/news/government-sets-out-position-on-shale-gas-exploration
I have come to the conclusion that we are dealing with someone who has serious mental issues here.
And for that reason, I'm out.
GLA
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Dildo the Donkey, this forum is supposed to be for rational intellectual debate and comments. Clearly this is a remit far beyond the realms of your limited capabilities since while most of us here are in the business of making money on our investments your motives are entirely different. Either you are a misguided activist or a bitter past investor who has suffered through your own bad judgement. Whichever is irrelevant because despite what you might think your posts have absolutely ZERO effect on the SP (you really don't believe otherwise do you?) All you are managing to achieve is to make yourself look a complete plonker Rodney. Looking forward to your next childish post!
It would appear that not only what goes up must come down but also what comes down must go up (as I keep telling my girlfriend, lol) isn't this the game we are all playing?
Ronnie, Rizo, Kenstaff or whatever else you call yourself, STOP BEING A CRY BABY! We've all heard your whinging a million times before, you are just making yourself look ridiculous and all because of your own bad judgement don't you see that? Suck it up and move on!
It's even simpler than that Amtech, he's not the smartest cookie. Anyone who continuously insults and slanders multi-millionaires while at the same time posting pictures of himself on twitter is likely to get a summons or a visit from the 3 bears but he obviously didn't work that one out, lol.
Ha ha ha, challenge him on his prediction and he hasn't got the balls to take it up but instead goes on a posting binge thinking he's telling us something we don't know, duuuurrrrrr.
Sky news this morning Rachel Reeves (Labour) chair of the Business, Energy and Industrial Strategy Committee was promoting investment into carbon capture as part of a long term strategy to provide a long term balanced energy supply.
GLA
Top Gear last night, not an electric car in sight! Do you drive an electric car by any chance? (That will be a no I'm guessing)
With respect to your post regarding re-classification of non-renewable energy companies once again you have demonstrated your ability to see only one side of the argument. The companies you have referenced are all massive with huge resources and this re-classification will only incentivise them to make their products cleaner. It most certainly will not put them out of business or make them uninvest able. Shrewd investors will still be able to operate in these areas.
My focus is on my Igas investment, how about we do a deal, you keep quiet until the SP reaches 39p at which point you can then post again and broadcast to the world what a genius you are and I will keep quiet until I cash in with a decent profit and let's see who posts first?
Deal or No Deal?
PS, try to avoid knee-jerk one liners in future, lol
All IMHO, GLA
There goes that knee-jerk again! I was expecting this one when I watched the news last night, so predictable.
So, let's look at this rationally. Electric vehicles are currently only a tiny fraction of car sales and it was announced yesterday that last month the sale of hybrid electric cars fell by 12% compared to the same time last year after the Government cut the subsidies.
https://www.thetimes.co.uk/article/sales-of-hybrid-cars-plummet-after-subsidy-cut-52xw0v33j
It's true electric cars are currently cheaper to run but ask yourself this is any future government of whatever persuasion going to throw away the massive tax revenues they get from conventional fuel sales? So, while the cost of buying the car might eventually come down(and even Jaguar admit the cost of electric cars is currently way too high) the cost of running them will inevitably go up as the Governments of the day balance the loss in fuel tax revenue. It will be interesting to see how this affects the sales. Electric cars 'might' eventually replace those powered by conventional fuels but there will still be plenty of vehicles that require conventional fuels for a long time to come, JCB's, Generators, Trains, Ships and by far the worst polluters Aeroplanes (it's going to be a long time before you get an electric aeroplane). Also, does anyone seriously believe the oil and gas industry is going to lie down and let renewables completely destroy it? You can bet your boots that they will be doing whatever they can, including carbon capture, to remain competitive and clean and perhaps more significantly they have the resources to do it.
With respect to the comment 'Asda to halt plastic bag use for online order picking'. Well that's a relief we can all rest easy now safe in the knowledge that the planet has been saved (FFS!)
As for Boris and the Greens again let's look at this rationally if Boris gets in and it looks increasingly likely then Boris will have the POWER whereas the greens have no power perhaps exemplified by the Greens influence in local councils. From a total of 408 councils across the country they have 362 councillors on 122 councils this equates to an average of 1.13 per council, hardly a game changer?
Yesterdays trades, £18,700 sells, £30, 658 buys, suggests there is still a future for IGAS
All IMHO, GLA