https://www.express.co.uk/finance/personalfinance/2018455/Ed-Miliband-blackout-gamble-backfires-EU-rules-threaten-UK-s-energy-lifeline |
 The public is watching. On page 51 of the party's [Labour]manifesto, Starmer promised "families and businesses will have lower [energy] bills for good".The opposite is true. The UK has the highest electricity costs in Europe, and prices have increased since last summer. A dysfunctional grid and perverse incentives (at one point at the beginning of the year cloud cover, cold weather and a lack of wind meant that renewable energy supply was so low that gas plants were demanding 100 times the average market price to run) have come together in a toxic mix...Daily Telegraph February 25...Wendy KellettGermany's industrial sector has collapsed,the result of the renewables madness-the energien Gesetz-nowBritain has fallen into the same trap, as Mr Milibean's obsessions override economic, fiscal and social interests.2TK waltzes off to The White House to sell his proposals for a costly award to `Ukraine which we cannot afford-while ourfarms, our industries and our small businesses shut up shop.Why are they so committed to this disastrous destructive lunacy? Added to this the overpopulation resulting from their addiction to. mass migration,yet they still pose as visionary progressives while reducing us to a dysfunctional laughing stock.How can we rid ourselves of this parasitical network of tin eared ideologues?...Daily Telegraph |
Gordon TannerWe've had "Go Woke, Go Broke" so now there's "Go Green, Become a Has-Been"....Daily Telegraph |
BP faces 'existential crisis' after ruinous attempt to go greenThe British energy giant faces humiliation as the oil industry's biggest loser on net zero...Daily Telegraph |
https://www.telegraph.co.uk/news/2025/02/21/shouldnt-take-tony-blair-to-expose-myth-about-green-jobs/ |
FWIW :- Berenberg raises Shell price target to 3,250 (3,150) pence - 'buy' |
 Ed Miliband's claim that net zero will create hundreds of thousands industrial jobs is vastly overstated, Sir Tony Blair's think tank has warned.The Tony Blair Institute for Global Change (TBI) said investing in green technology was unlikely to reverse the long-term decline of British industry and warned that ministers must not "over-state the job opportunities from green manufacturing".The think tank added that it was a "mistake" to let net zero dominate the Government's entire economic strategy as it would deliver only a meagre boost to growth. It said: "It must be a pillar of the UK's growth strategy, but it cannot be the whole strategy."The assessment comes after tensions emerged within the cabinet over the net zero agenda. Rachel Reeves, the Chancellor, said last month that carbon emissions had too often been used as an excuse "not to invest" in an apparent split with Mr Miliband.Labour's election manifesto promised a "Green Prosperity Plan" that "will create 650,000 jobs across the country by 2030". Mr Miliband has also said that the Government's net zero plan will involve "backing our proud manufacturing, coastal and oil and gas communities with good jobs, skills and private sector investment"....Tim Wallace...Daily Telegraph |
Nat Gas up 17pc in 36 hoursUseful for the Worlds largest (15pc) LNG player & trader (20pc) |
Up a day when a seller sold GBP225m worth (absorbed also by previous day/s buybacks) Few companies could have that strength |
Maybe Vegas |
Sort of feel same...getting Battle Hardened....and going to Cash Economy....and USA stuff. |
Yes why New York indeed ?
Can only hope and pray that Shell dump UK altogether - a huge FU to this and previous governments who not only do not support Shell, BP etc but vehemently do everything in their power to discourage their existence…. |
 Ian McInallyLike it or not, the world remains *utterly* dependent on fossil fuels. That is very unlikely to become untrue for the rest this century at least. A world without hydrocarbons is presently unforeseeable, such is their prevalence in society and the world economy. Even with all the current renewable energy generation technology and infrastructure. Precisely none of that can be manufactured, transported, installed and maintained without substantial hydrocarbon usage.For me, the only long-term answer for emission free, large scale reliable energy generation is nuclear. Nothing else comes remotely close. However until then, we should be exploiting our own natural resources to ensure our economy has the lowest energy prices we can manage. Wind and solar, whilst they have their important place to be sure, cannot deliver us to a clean energy nirvana.The political mindset here will change. If politicians don't soften their short-term net zero zealotry, they will be replaced by politicians that will. Harsh economic reality guarantees that, some of which we are already seeing. It will get much worse. The North Sea, whilst a mature basin, has plenty of resource remaining to develop. To force the energy industry to wither and die here on the altar of net zero is, well, calamitously stupid in my view. We should be encouraging the development of our natural resources for as long as they can remain realistically viable. Likely another thirty to fifty years, especially if we investigate onshore gas potential. We'll be using hydrocarbons extensively during that time anyway, especially gas, so it may as well be as much of our own as possible....Daily Telegraph |
Pressure on BP to merge with Shell, creating national oil giant https://mol.im/a/14400649 via https://dailym.ai/android |
Louis GossBusiness reporter16 February 2025 6:00am GMTOne of BP's major investors is pressuring the company to ditch its green energy business, adding to pressure on the oil giant to change course after activist hedge fund Elliott bought a £3.8bn stake in the company.A top 10 shareholder told The Telegraph that BP's investment in renewable energy such as wind and solar had "destroyed large amounts of shareholder value" and said they wanted the company to sell or shut down the businesses....Daily Telegraph |
Starmer/Labour...Be ReasonableFirst ask them to define man/woman...Daily Telegraph. ConLabour are utterly clueless about Science...real science, not shouty Kindergarten science. |
Leo SavanttYesterday Reform announced a complete rejection of Net Zero policies, on the ball and on the money.....Daily Telegraph |
Let's SMASH DOWN THE ENERGY COST...Medieval and Sun apparatus won't bring down the cost at all...quite the reverse....But utilise oil, gas and coal until NUCLEAR properly sorted.Supprt Reform for sensible Energy Policy. |
 Andy Mayer14 February 2025 The UK needs gas. We need it for heat: 85 per cent of UK homes use a gas boiler. We need it for power: around a third of which came from gas generation last year. Roughly half of the "capacity market" required to back-up unreliable renewables on cold dark windless days comes from 90 gas plants. We need it for industry, with the "clean power" alternatives still 3-4 times more expensive. The Government's net-zero ambitions don't change this reality, nor will they for at least two decades. Those capacity market plants, for example, are all on 15-year contracts. Homeowners don't want heat pumps, and the data centres required for AI need our energy system to grow, not shrink. The UK and EU tested to destruction in 2022-23 the idea that we can rely on Russia to supply what we need. The price shock, and decision to underwrite prices, helped bring down Truss administration. This year we're seeing even the Norwegians wobble on exports as supporting us is driving up their domestic prices. It is surely a statement of fact, then, that the UK's energy security depends affordable supplies of gas. Yet we have some of the world's most expensive energy, due to over-reliance on imports, and the failure of the alternatives to fossil fuels to live up to their promise to cut bills. ...Daily Telegraph |