Renova Energy Share Discussion Threads

[asp1] 20/11/2007 10:56

Opmoc, regrettably your logic is seriously flawed.

Just because Russia is exporting a lot of oil does not necessarily mean they have found an unlimited supply. THAT DOES NOT FOLLOW! Their oil policy is economic, political, strategic, whatever, and best known only to the Russians.

You have also not understood the point about the 6000b/d. By any standards it is a miniscule amount and by world standards it is virtually zero. Of course for a country like Vietnam any oil is a good help – but you must keep it in proportion: and drilling to 17000ft cannot be very economic – although I have to admit the "politics" is good.

I presume you have heard of plate tectonics. There is oil in Russia for the same reason that there is oil at the south pole – it is because these land masses were once somewhere else, probably much nearer the equator. Over the vast periods of Earth history – from dinosaur times to much, much earlier, to times when there was ONLY plant life – the vegetation of those periods (not dinosaur carcasses) formed the basis of present day biotic oil.

I would suggest (simplistically) that Russia has large quantities of oil merely because it is large – it is a vast place – I would be much more amazed if oil could not be found in significant quantities in such as vast place.

But this is not to deny abiotic oil although we have yet to see what quantities are recoverable and what depths of drilling are needed – 40000ft (8 miles) is a long way and therefore v.expensive. Fine if there are untold quantities of oil when you get there – but not so fine if there are not. To date I have not read anything to fully explain abiotic oil or to support the existence of massive quantities of the stuff.

It would appear that if anything is in need of a leap of faith it is not global warming but rather abiotic oil.


It is worth noting that we also had no oil after the second world war – it was not until the 1970's that North Sea oil came on-stream.


If more info on Russian oil is sought please try:

[jimarilo] 20/11/2007 03:27

12 months time we could be at $200 oil, maybe thats what it will take for ethanol producers to be taken more seriously

Still holding tight ;-)

[opmoc] 19/11/2007 20:28

asp1,

I agree - but you miss the point.

6,000 barrels a day of oil might not be much in terms of world oil production but this is a mere example. What is all this oil doing down under 17,000 feet of granite if it originated at the earth's surface from decaying lifeforms. How did it get there?

And how come there is such enormous quantities of oil in Russia much of which is extremely cold and would be unlikely to support the necessary volume of animal and plant life to create it under the theory of fossil fuel

You should also note that the Russians had hardly any oil at all after the second world war - and developed their own petroleum science to find it under the frozen wastes.

If the world was running out of oil - why is Russia exporting vast quantities of it - rather than keeping it for future generations of Russians?



Tony

[asp1] 19/11/2007 20:01

Unfortunately for those interested in oil supplies the article referred in post 891 by opmoc is somewhat misleading and very one-sided.

For example:

"The Russian company Petrosov drilled in Vietnam's White Tiger oilfield offshore into basalt rock some 17,000 feet down and extracted 6,000 barrels a day of oil to feed the energy-starved Vietnam economy."

Well now, 6000b/d eh! sounds good, sounds like they have done something really worthwhile. But the reader should be aware the world oil production is 83mb/d and the White Tiger at 6000b/d is a mere 0.000012 of that. Not quite the success it appears at first sight - of course in writing the article it is assumed that the reader will know little of world oil.

But if you are really interested in a fact-based view of world oil supply you may try the following - imo it is an excellent, balanced read.

[opmoc] 19/11/2007 17:12

dasv,

In my view peak oil is a scam - just as much as global warming is a scam.

Basically it is designed to keep oil prices as high as possible.

The original scam is based on an unprovable theory that oil is a fossil fuel.

It suits Western Oil companies to maintain both this theory - and peak oil in order to maximise both price and profit

It also suits Russia - as they are a very major oil exporter.

Tony

I agree with most of this article

[jimarilo] 11/11/2007 14:06

Here is a trailer for a new film out currently " A Crude Awakening"

[dasv] 09/11/2007 08:38

opmoc - what about peak oil ?

[j5ack5k] 09/11/2007 07:13

Interesting article on DTN... Sens. Emphasize Energy Provisions



Most corn plants will suffer with reduction of blenders credit from 51 to 46c per gallon (mainly to pay for cellulosic incentives)... but here's an interesting bit:

'The package also creates the "small fossil-free alcohol producer credit." This credit would provide a 25-cent-per-gallon credit for up to 60 million gallons of production for a fossil-free facility. These facilities must use at least 90 percent of the fuel from a "biomass." That could directly boost plants that use livestock manure for methane.'

This should apply to the new Idaho facility more than compensating for 5c drop and even better it appears to go direct to producer rather than blender.

[opmoc] 09/11/2007 00:31

Jimarilo,

I'd recommend Jack Daniels.

Although I only drink it when I can buy it in Duty Free - which means going outside the EU.

But it is a great use of alcohol

Scotsmen aren't stupid

They don't go wasting decent alcohol by sticking it in their cars

Some of you Yanks are mad - including Hilary Clinton

Tony

[jimarilo] 09/11/2007 00:21

Hillary Clinton: Hillary Clinton's Plan to Increase Biofuels Production and Create Clean Energy Jobs
Wed, 11/07/2007 - 11:20 - newsdesk

11/6/2007 -- Today in Newton, IA, Hillary Clinton outlined the details of her plan to dramatically increase biofuels production in an effort tackle our energy and climate challenges. Boosting biofuels production is one of the key goals of Hillary's energy plan, which would increase production of corn ethanol, cellulosic ethanol, biodiesel and other biofuels to 36 billion gallons by 2022 and 60 billion gallons by 2030.

[jimarilo] 06/11/2007 07:09

Louisiana Oil and Gas: Gasoline prices are continuing to go up, up and away

Of course the key is "all else being equal," however, giving a little on both sides of the equation, $3 plus gas is now on the way. "The writing is on the wall - it's unavoidable" says energy consultant Stephen Schork. "In a few weeks, we'll have Thanksgiving and then the rush to the malls for holiday shopping. The refinery system is exhausted, so we'll import more with a cheap dollar - not a fun scenario" says Schork. Schork believes we will see $4 a gallon gasoline in 2008.

[jimarilo] 01/11/2007 07:05

I guess thats RVA ;-)

2 directors have recently bought shares on the 18th and 27th Sept

For immediate release
28 August 2007

Renova Energy plc

Quarterly operating update

Renova Energy plc (AIM:RVA), the integrated ethanol production, distribution and
marketing company, today provides its operating update for the quarter ended
30 June 2007:

Strong year-on-year improvement in operating performance;

60% year-on-year increase in sales volumes to 3.0 MMgal (2006/7: 1.9 MMgal);

42% increase in production to 1.7 MMgal (2006/7: 1.2 MMgal);

Improvement in production and marketing margins since H2 2006/7;

20 MMgal/y plant under construction in Heyburn, Idaho, with
start-up scheduled in the current financial year; and

$40 million syndicated bank facility completed in June 2007.

[bpoole] 31/10/2007 10:17

I thought AVR were going to buy back shares. Anyone know why they did not?

[jimarilo] 30/10/2007 19:12

Oil to climb higher long-term as production fails to match rising demand - IEA
October 30, 2007: 09:25 AM EST


LONDON, Oct. 30, 2007 (Thomson Financial delivered by Newstex) -- Oil prices are likely to continue to climb in the long term as production fails to keep up with rising oil demand, according to the head of the International Energy (OOTC:ILGL) Agency Nobuo Tanaka

[opmoc] 29/10/2007 03:37

Jimarilo,

Converting food into alcohol to stick in motor vehicles is completely obscene.

Tony

[jimarilo] 28/10/2007 23:26

U.S. Rep. Stephanie Herseth Sandlin says opponents of the biofuel industry are using "misguided and inaccurate" claims in an attempt to derail the growth of renewable fuels.

[jimarilo] 28/10/2007 07:31

House on the Sand

By Tony Pearce Jeremy Leggett, a former oil man, wrote an article in The Independent (20/1/06) entitled, What they dont want you to know about the coming oil crisis.

[jimarilo] 27/10/2007 05:10

Not everyone is all doom and gloom on Ethonal ;-)

Published: October 26, 2007 01:31 pm

ORLEANS COUNTY: First corn received at new ethanol plant

The Journal-Register

The $90 million Bates Road Ethanol Plant in Medina will be up and running Nov. 29, said Western New York Energy Director Mike Sawyer. The plant received its first few truckloads of corn Thursday afternoon to test run the new machinery.

[jimarilo] 22/10/2007 07:32

Steep decline in oil production.......brings risk of war and unrest, says new study.(The Guardian)

"...The German-based Energy Watch Group will release its study in London today saying that global oil production peaked in 2006 - much earlier than most experts had expected. The report, which predicts that production will now fall by 7% a year, comes after oil prices set new records almost every day last week, on Friday hitting more than $90 (£44) a barrel........

[j5ack5k] 16/10/2007 07:27

Thanks Jimarilo, great links as usual. Hopefully this is start of a change in fortunes.

[jimarilo] 16/10/2007 07:10

Oct 15, 2007 2:52:00 PM MST
Crude prices surge as OPEC estimates supplies are falling while demand is growing (Oil-Prices)

NEW YORK _ Oil prices surged as high as US$86 a barrel Monday for the first time after OPEC said crude production by non-member countries is likely falling even as global demand for oil is rising.

[jimarilo] 13/10/2007 14:34

GM Promotes E85 Ethanol Infrastructure in Pittsburgh

"At GM, we believe ethanol has by far the greatest potential of anything we can do during the next decade to actually reduce U.S. oil consumption, reduce oil imports and reduce carbon gas emissions," said Elizabeth A. Lowery, GM vice president, Environment, Energy and Safety Policy. "The work being done by Gov. Rendell, the Commonwealth of Pennsylvania and Carnegie Mellon is critical to the growth of the ethanol infrastructure.

[j5ack5k] 12/10/2007 20:54

I orginally posted wind story - 6 May'07 - 13:32 - 616 of 871... Date on page always updates to today's date so looks current when it isn't.

Agree about water being bad news, but I think that is least of their concerns given ethanol/corn price at the minute. Don't know how much water contributes to costs - can't find any figures on web (fairly low down list I think) - but good news is this plant will be far more efficient that most plants out there due to the AD system which Chris Thomas estimated would shave between 40-50cents per gallon off production costs. Even if water rates rise, this will more than compensate (and then some)... also, I would have thought this problem would be amplified in Midwest where there are far more plants/competition for resources.

I still have no idea if RVA will be ok or not, but their cautious approach appears to be putting them in a strong position to out-last these short-term market conditions.

[motoben] 12/10/2007 18:48

i was looking for confirmation of that wind story that saw on i i i but couldn't find it, and found that one instead, cant find if it effects industrial prices as well but i quess they would be going up as well, bad news considering how many millions of gallons the plant uses