Shell Share Discussion Threads

[xxxxxy] 29/8/2022 16:02

Elon Musk has said civilisation will crumble without oil and gas as he warned the switch to green energy will take a decade.The billionaire told an energy conference in Norway that the world needed to continue extracting oil and gas while it builds out renewable energy.The Tesla founder said that the transition to sustainable energy was "one of the biggest challenges the world has ever faced".... Daily Telegraph

[xxxxxy] 29/8/2022 13:34

Europe's energy crisis will last for several winters, the boss of Shell has said, as he warned it is "fantasy" to think shortages caused by Russia cutting supplies can be resolved quickly.Ben van Beurden told a conference in Norway that power rationing will be needed for a number of years as electricity prices hit fresh record highs.He said: "I do not think this crisis is going to be limited to just one winter."It may well be that we have a number of winters where we have to somehow find solutions through efficiency savings, through rationing, and through a very quick build out of alternatives that you may have [such as] alternative gas imports [and] hopefully alternative energy sources."His warning came as Elon Musk, the founder of electric car maker Tesla, said the world needed to continue extracting oil and gas while it builds out renewable energy.... Daily Telegraph

[adg] 29/8/2022 10:47

Anybody have any experience of and rate the Seeking Alpha subscription platform, I get a lot of mail shots and offers and am interested - would be good to hear others experience of it.
Lots of v bullish headlines of articles including one today;
Exxon Mobil: The Most Serious Bull Case Ever

Summary

In this article, I start by explaining why this oil bull market is so serious, looking at the supply side and reasons why oil production growth is subdued.
I then explain why Exxon is my second-largest holding based on dividend consistency and its ability to benefit from what I expect to be a very long bull market.
The bottom line is that investors need to be prepared for a long-term supply/demand energy imbalance. Buying Exxon is a fantastic way to prepare a portfolio for prolonged inflation.

[adg] 29/8/2022 10:44

I will read up on that thank you

[spawny100] 29/8/2022 10:42

Agree jrp. And Occam's razor in this instance leads me to believe this is all being engineered on purpose as no government can continually be this incompetent. The monkey and typewriter analogy would suggest that they'd occasionally get something right regarding energy policy but they don't. I'm increasingly convinced it's deliberate.

[jrphoenixw2] 29/8/2022 10:09

Agreed ADG, it seems unfashionable not to see conspiracy behind everything but there is a philosophical tenet called Occams Razor that where you have more than one competing theory for why something happens it is usually the simplest reason that applies.

All very deep and complex (man) but I have found the basic idea it puts forward useful when navigating complex situations.

[adg] 28/8/2022 08:42

That thought doesn’t even bear thinking about….
I actually hope it’s just incompetence and corruption…..

[spawny100] 28/8/2022 08:21

Adg you're assuming their failures are through incompetence. I think that's a mistake. I believe it's all intentional policy based on Agenda 2030/build back better/Great Reset/net zero. They want to bankrupt everyone in order to usher in social credit system and digital currency etc "you'll own nothing and be happy".

[xxxxxy] 28/8/2022 08:00

SIR – Politicians are suggesting that Britain's energy crisis has been caused by global problems, including the conflict in Ukraine.This is patently untrue. It has been caused by successive governments failing to produce an integrated energy policy. We have gas, coal, wind, oil and nuclear power. There is no shortage of the basic sources of energy – only a lack of planning.The same applies to water. What a disgrace.Richard AllenMiddleton Tyas, North Yorkshire... Daily Telegraph

[xxxxxy] 28/8/2022 07:24

John Redwood@johnredwoodEarly this morning we were not using a lot of electricity yet wind only met 5% of demand. Gas at over 60% took the strain, with some coal needed. We do need more reliable and affordable power for when the wind does not blow.7:36 am · 28 Aug 2022·Twitter Web App

[xxxxxy] 27/8/2022 20:56

Peak oil could be far, far awayDespite all of the wind farms, solar panels and hydroelectric plants that have popped up in the last decade, 2021 saw more global demand for oil than any previous year on record.That record won't last for long: 2022 is on track to see an even larger quantity of the black, viscous liquid being demanded.Some analysts even predict we may not see oil demand peak until 2040 - in stark contrast with those more starry-eyed forecasters who believe peak oil will arrive in just two years' time.Personally, I'm not hopeful that peak oil will come any time soon. If it seems like a challenge setting up electric vehicle charging points in the UK, imagine what it will be like in the Congo, where burning coal and firewood are the dominant energy sources.The global population now stands at eight billion, with 85% of those people living in the developing world. If people in poor countries are to live like us in rich countries - which they have every right to aspire to - they are going to need to consume a lot more energy..... Snippet... From Motley Fool

[veryniceperson] 27/8/2022 16:27

O it will, believe me.

[lippy4] 27/8/2022 15:17

in the past they always bought the cheap summer gas from us and sold it back in the winter,so may be they have made a deal for to help us out with their huge storage which we are helping to fill by using our gas plant that converts liquid gas brought in by ship as the supply to the eu..

germany has no way of converting liquid to usable a gas stream,we have a large plant in this country capable of doing this,we also use surplus french electricity which is possibly not going to be available this winter,so its looking very bleak for us i think..

time will tell,lets hope politics dont get in the way of common sense..

[geckotheglorious] 27/8/2022 15:02

lippy4
Post 2542
"10 days storage thats all compared to europes 3 months,we used to talk about starting another storage scheme in dorset i think it was, but as with all good ideas it did not have enough money promised to build it"

So given UK has been selling NatGas to Europe over the summer who thinks the EU will return the favour and sell us some back come Winter?

[xxxxxy] 27/8/2022 07:18

Paying for energyAUGUST 27, 2022 4 COMMENTSAll the time we need to import energy we are at the mercy of world prices for oil and of regional prices for gas and electricity. As we mainly import  from Europe we are pushed into high prices by the chronic shortfall of energy provision on the continent. That is why I have been urging more domestic supply and trying  to get us to pursue self sufficiency.Policy has now changed to seek to produce more gas and oil at home, to keep open coal power stations pending new replacements, to revive nuclear and to examine commercial exploitation of technologies that would allow storage and time shifting of wind energy.The solution to dear energy is to produce more cheaper energy. The immediate crisis prices come from a deliberate gas shortage in Europe caused by Putin's economic warfare. The policy of encouraging electrification of transport and heating will require far more electrical generation than we currently manage, so we need to think through the pace of introduction. When assessing the true costs of different means of generating power we need to take into account costs of stand by and back up power.The immediate need is a further package of measures to cut the cost of energy by reducing energy taxes, and to provide some offset to the loss of spending power from the increase in gas and electricity prices. It needs to ensure those on low incomes are looked after. What would you like to see in that announcement?... John Redwood

[xxxxxy] 27/8/2022 07:16

John Redwood@johnredwoodGetting more oil and gas out from domestic sources should be a national crusade. We need it to fight the cost of living crisis and to combat Putin's economic warfare. We should not be relying on more LNG imports at sky high prices which is worse for our pockets and environment.

[xxxxxy] 26/8/2022 12:53

80% of the world's sulfur that sees industrial use is derived from fossil fuels, mostly from oil and natural gas..... Jerusalem Post

[xxxxxy] 26/8/2022 11:44

Sulphur........ Https://m.jpost.com/science/article-715267

[lippy4] 26/8/2022 09:20

10 days storage thats all compared to europes 3 months,we used to talk about starting another storage scheme in dorset i think it was, but as with all good ideas it did not have enough money promised to build it.

[spud] 26/8/2022 07:10

The problem is, we have very little storage (compared to Europe). spud