Member Info for ZYX098

Pactrol,
It's correct, but the energy crunch the whole World is facing is basically due to an extended downturn in the O&G industry from 2015 onwards, which we were only just beginning to recover from in early 2020 when Covid it.

As a result, over $1 Trillion of projects got cancelled or delayed indefinitely, so the market is suffering from basically 5 yrs of production that was not replaced.

In addition, you have Russia essentially holding Europe to ransom over gas supplies, which in turn means they have to go on the open market to buy LNG - thus driving up the price even further.

Those calling for a windfall tax now seem to forget that many NS Fields were running at a loss during this period.

Baits:
As for fracing, we never got far enough to see if it would be economical or not.

Cynderlad:
The Govt are very worried about the energy crisis, because they know there is no 'magic bullet' and that this energy crisis is not going to be over in a few months.
The Electorate is going to get hit in the pocket when the price cap goes up and it doesn't matter which Govt is in power, they will get punished at the ballot box.

BTW, because we don't pay the normal rate of VAT on our energy bills, the eco-warriors classify the difference as a 'fossil fuel subsidy'....

Annnd now they are back???

Hmmmm, somebody had my posts deleted - reality must hurt.

https://gridwatch.co.uk/

Wind currently supplying just 2.6% of UK demand. UK Coal is supplying 3.8%. Solar is zero.

Earlier today, UK Coal was providing 3x what wind was.

"In the UK the sale of electric vehicles increased by 74%, And that will be roughly the same in every country win the world ."

Nonsense. That's a very "Urban, Developed World" and therefore narrow viewpoint. You cannot project the EV sales in a small, well developed Country to the rest of the World - world wide, EV car sales are still vanishingly small.

There is a huge brake on further increasing EV sales in the looming lack of Nickel, Cobalt, Lithium, Copper and the Rare Earth Elements that are used extensively in EV's (and renewables such as wind & solar).

There is an eye-opening article in the 13th November issue of New Scientist magazine called "Net zero's dirty secret" which brings out into the open something that many have known for a long time - that the supply of the elements I mentioned is constrained and cannot possibly expand enough to meet forecast demand.

By how much would production have to expand to meet demand? By a factor of 6. Not gling to happen.

Quoting very large % gains is also misleading - the numbers are so small to start with, any increase in the numbers produces a large % gain.

It's like touting that UKOG has had a 50% rise when the share price goes from £0.001 to £0.0015

Also claiming that oil producers will be fighting for a share of a smaller market by the end of 2022 is ignoring reality.

There is no credible consumption forecast that shows anything other than oil consumption increasing with peak oil somewhere in the 2030's. Thereafter demand will not fall off a cliff as many environmentalists claim - it will slowly tail off over a period of decades.

The oil supply chain is struggling against years of under-investment after the price crash in the 2015/16 period and had only just begun to recover when Covid hit.

Those supply chain limitations are systematic and will support a raised oil price for several years to come.

It could certainly go above $100/bbl for several months, but anything much over that for an extended period of time will trigger another recession, temporarily supressing demand and therefore bringing the oil price back down.

Windfall taxes on North Sea production has been tried twice in the past, by both Labour and the Tories.

Both times it nearly killed the NS as investment fled elsewhere - and that was when the NS was much healthier than now.

I notice that none of the media, or those calling for the windfall tax, mention that for much of the time since 2016 the average NS field has been operating at a LOSS and really only started making money again when the oil price got back into the $50 range.

None of them thought to mention the (short lived) period when oil was below zero either.

Wizard, you posted;
"The lack of any water tankers videos hopefully indicates that the water injector has been fitted and is successful. "

No, UKOG haven't been given permission to convert HH-2z into a water injector yet. Even when (I'm presuming when, not if), there is still a substantial amount of surface and downhole work to be done which will take time (and money..).

Maybe they have been informally told that EA & OGA approval will be granted and the current rise is the usual pump and dump pre-placing shenanigans by the MM's.

The placing is, of course, is needed by UKOG to get them the cash they need to fund the works.

Adrian,

If you think that your posts "completely expose green shorts like you for what you are", then I feel sorry for you.

You truly are deluded, if you believe that your belligerent nonsensical ramblings expose anything other than your utter inability to recognise facts, and your complete lack of technical expertise.

You are just making a fool (OTH) out of yourself, that is all.

Adrian,

"It's the one subject Penguins trys hard to dismiss and put down so I must be right"

No. You make incorrect claims about HH and what water injection into HH-2z will achieve. He then uses FACTS (which you ignore) and TECHNICAL EXPERTISE (which you and Ozzy both clearly don't have) to explain why you are WRONG.

Adrian,
"The OGA figures are incorrect as I have told you and I bug and my 2700 followers on Twitter at davethedrill1 . As the well was shut in for long periods in August and September due to site updates being carried out."

So you are accusing UKOG of falsifying their reporting records?

And just what evidence do you have for that?

Sky Pole,

The reason you get banned every weekend is you spam the board with nonsense claims and when you get called out, resort to gratuitously insulting people.

If you didn't, you wouldn't, but you do, so you do....

Nomlungu,

A windfall tax would be the death blow to the North Sea. It would kill any incentive for not just new developments, but also life-of-field- extension projects which are vital to stop oil & gas production falling off a cliff.

Just ask Labour - they put windfall taxes on North Sea production twice and nearly killed it off both times - and that was when it was in full boom.

Vernonya,

EV's are still a very small % of vehicles produced (vanishingly small on a global scale) and it will be years - decades - before it makes a dent on the overall no. of vehicles being used.

There simply aren't enough Nickel, Cobalt, Copper, Lithium or Rare Earths being produced for the batteries anyway.

New Scientist magazine in their 13th November edition had an article called "Net zero's dirty secret" which showed that the demand for these critical minerals is set to rise by a factor of six - something that is not physically possible to meet.

There is no credible forecast which shows oil consumption doing anything other than increasing until at least 2035 and even after 'peak oil', it is a very long, slow decline. Not the 'fall off a cliff' scenario that the environmentalists would have you believe.

So the scenario that 'OPEC will be at war with each other' simply isn't going to happen - especially since several of the larger members can't even meet their current production quotas.

Wind power costs are already rising, and that's just with offshore static - which is currently running around £105 MW/hr. Floating wind is forecast (by the wind industry themselves) to be an eye-watering £250 MW/hr. Which is why in Europe there is a direct correlation between rising consumer energy costs and the % of renewables installed.

It's also becoming clear that many wind turbines are not reaching their 25 yr design life, instead becoming uneconomic after 10 - 12 years. This means that there is a very real possibility of the UK taxpayer being stuck with the decommissioning costs.

The current debate about rising energy costs is really just the tip of the iceberg - the average consumer is just beginning to realise what going 'carbon neutral' really means in terms of their heating bills.

Groover,
"Veterans like myself had to travel to London and other memorials around the UK to guard them, something the equally woke media ignored."

Some of the media did cover it, but instead if being described as veterans, the label used was "right-wing extremists".

Of course, according to them, everyone to the right of the Guardian readership is a "right wing extremist", while there is no such thing as a "left wing extremist" - they are called 'activists' instead....

Skwizz - that would be the same Marxist who got his tax returns wrong three years in a row, because he 'forgot' about the income from his Council Pension and the income from renting out a room in his house?

Northfolk - don't forget the Vaseline....

Ocelot's 2nd paragraph highlights a point that didn't get a lot of attention in the media - that several of OPEC's larger producers actually failed to meet their production targets.

Iraq's capability to pump much more is questionable, while much of Saudis spare capacity is heavy crude with a high Sulphur content that only a small portion of refineries are capable of handling.

A 10 day cold snap in Q1 in one of Europe, the USA or SEA will see oil supplies under pressure again.

International Maritime law does allow you to defend yourself against boarding - like the fire hose and sonic defences used by ships against the Somali Pirates.
We spend as much time on the Rig/Platform as we do at home, and would I welcome any intruder into my home with food and warm blankets?
Absolutely not.

Glued your hands to the deck? Fine stay there, and hope that the rig crews don't **** on you on their way past.
Feel cold? You should have worn warm clothing.
Want food? Sorry, I only have enough for the rig personnel, but I'll put their leftovers on a plate a couple of metres away from you.
Want water? Sorry, as part of our environmental push, we've banned plastic water bottles and so have no method of getting water to you. Yes, the rig crew have their own personal stainless steel bottles - let me see if one of them wants to let you drink from it...
Want to go to the toilet? Go right ahead where you are - I'm not stopping you, though to meet our HSE Policies I will have to use water hoses and detergent to disinfect the deck immediately afterwards.
What happens in the extremely unlikely event of an emergency? We all head for the lifeboats - what you do is up to you.

A few years ago, Greenpeace harassed a Russian Rig in Arctic waters. Within a few hours the Russian Navy was there and arrested them all at gunpoint. The Greenpeace ship was impounded and the activists & ships crew were all thrown in a Russian jail for a few days.

Greenpeace don't mess with the Russians any more.

And, BTW, where were Greenpeace, Friends of the Earth etc when the Chinese were destroying Coral Reefs to build illegal bases in the Spratly Islands, in International waters between Vietnam, Malaysia and The Philippines?

Ninetails - if they are abseiling up the leg(s), apparently 'turn the fire hoses on them' isn't an acceptable answer either....

When LSE says you have 13 characters left, it's telling porkies!!!