Shell Share Discussion Threads

[xxxxxy] 28/5/2024 10:00

In California, you may soon have to pay for every mile you drive. Texas has already brought in an extra registration fee. New South Wales is planning a form of road pricing, while tariffs imposed in the US and soon the EU as well are expected to massively increase the sticker price of every car. Add it all up, and one point is clear. Electric vehicles are about to get a lot more expensive. But hold on. Even by the standards of industrial policy, this is taking things too far. The same governments which have been heavily subsidising battery-powered cars as part of the drive towards a net zero economy are now imposing punitive taxes on them. Surely it is time they made their minds up – or just left it to the market to decide.Across the developed world, the tax raid on electric vehicles has already begun. California, which has been known to lead the rest of the world on such matters, has already fired the starting gun. As the state with the highest number of electric vehicles in the US, it has started a pilot programme to charge motorists for every mile they cover. . Daily Telegraph

[xxxxxy] 26/5/2024 08:40

818...relocate

[xxxxxy] 26/5/2024 08:39

The Climate change fanatics are actually Marxists.

[xxxxxy] 26/5/2024 08:38

I think Shell will remain relocate to the USA.... All quiet for a few weeks... The quiet before the storm.

[xxxxxy] 26/5/2024 08:36

The looming early election threatens the end of the North Sea oil industry, according to experts, with Labour's threat to extend the Government's windfall levy set to hasten the sector's decline.Analysts said a likely victory for Sir Keir Starmer would prompt operators to give up on British waters, meaning some of Britain's biggest oil and gas reserves may never be recovered.... Daily Telegraph

[xxxxxy] 25/5/2024 07:36

John Redwood's DiaryAnyone submitting a comment to this site is giving their permission for it to be published here along with the name and identifiers they have submitted.The moderator reserves the sole right to decide whether to publish or not.Election kicks off with debate about energyMAY 25, 2024 3 COMMENTSThe Uk imports too much energy, making us reliant on the goodwill of foreigners. All parties to the election should renounce the mad carbon accounting which says if you use your own gas you are adding to world CO 2 but if you import the energy you are not. The import model increases world CO 2, costs us lost jobs, means we do not get the large tax revenues on extracting the gas and undermines our energy security.Labour has come under fire from its own side for ruling out new oil and gas fields. I side with the Unions who say it makes sense to create the jobs and extract the energy at home.The idea that setting up a Great British Energy nationalised company would solve our shortages and lower prices  is wrong. If you wanted to do this there would need to be a huge expansion in grid capacity to accommodate the switch to electricity. There would need to be plenty of new back up gas fired power stations for when the wind did not blow, or plant for large scale production of hydrogen to fuel home boilers and vehicles. Our current nationalised industries send huge bills to the taxpayer to cover their losses, legal claims against them and their investment programmes.The Conservatives now say they are net zero realists. They see a need for a rapid roll out of nuclear, a more reliable source of low carbon power. They want more home oil and gas. They need to adjust policies on roll out of EVs, heat pumps and smart meters to reflect consumer choices and realities.Greens and Lib Dems live in a slogan world where a windmill is the answer to every problem and comes with lower bills. Dream on.... John Redwood

[pj84] 24/5/2024 19:10

From the above article: -

"We prefer the European names. They have tended to trade at a sizeable discount to US peers. However, they also usually have more diverse earnings streams and a firmer focus on lower-carbon technologies.

Over time, this could help the rating gap close. But for that to happen, the market still needs to see investments in new energy technologies paying off."

[adg] 24/5/2024 19:08

One of the few politicians I actually have ever had any time for

[geckotheglorious] 24/5/2024 13:19

Now that is a shame...

[adg] 24/5/2024 11:28

John Redwood standing down - announced today
Shame as he is one of the very few who actually understand energy needs for Uk

[xxxxxy] 24/5/2024 08:24

Death ofa Battery....Death of a Salesman.... Look it up

[xxxxxy] 24/5/2024 08:20

Standing charge is a TAX.

[xxxxxy] 24/5/2024 08:20

John Redwood@johnredwoodTime to cut the government policy costs and the high standing charges on energy bills. Our energy policy needs more emphasis on affordability.

[xxxxxy] 24/5/2024 08:19

Batteries have limited life... And these batteries are expensive, and also massive damage to environment and toxic.

[bo90] 22/5/2024 15:40

Because of poor residual values. Hertz and Avis are selling off all their ev cars. But someone who is in it for the long haul will not worry.

[bo90] 22/5/2024 15:38

and your point is?

[xxxxxy] 22/5/2024 11:19

Death of a Battery...

[xxxxxy] 22/5/2024 11:18

Batteries.... Over their lifespan batteries degrade gradually leading to reduced capacity (and, in some cases, lower operating cell voltage) due to a variety of chemical and mechanical changes to the electrodes.[173]Several degradation processes occur in lithium-ion batteries, some during cycling, some during storage, and some all the time:[174][175][173] Degradation is strongly temperature-dependent: degradation at room temperature is minimal but increases for batteries stored or used in high temperature (usually > 35 °C) or low temperature (usually < 5 °C) environments.[176] High charge levels also hasten capacity loss.[177] Frequent over-charging (> 90%) and over-discharging (< 10%) may also hasten capacity loss.In a study, scientists provided 3D imaging and model analysis to reveal main causes, mechanics, and potential mitigations of the problematic degradation of the batteries over charge cycles. They found "[p]article cracking increases and contact loss between particles and carbon-binder domain are observed to correlate with the cell degradation" and indicates that "the reaction heterogeneity within the thick cathode caused by the unbalanced electron conduction is the main cause of the battery degradation over cycling".Wikipedia ... Quite complicated article....Myself...cutting through the chaff... I have a rough rule for me ... Any battery degrades by 10% each year.I understand EV batteries expensive... And recycling is imperfect.... Batteries cannot be improved much per unit as the Laws of Physics places limitations... Laws of Physics may be God.Synthetic fuel is probably the way, but needs cheap nuclear power.EVs at best niche vehicle.

[xxxxxy] 22/5/2024 11:17

It's the battery Stupid.

[xxxxxy] 22/5/2024 11:17

10:30AMTesla sales drop by quarter in Britain, official figures showIn corporate news, Tesla sales slumped across Europe last month as governments reduced the subsidies offered to buyers of electric cars.Tesla registrations in Britain fell by a quarter in April and have slumped 14pc in the first four months of the year.... Daily Telegraph

[philanderer] 17/5/2024 18:02

Brent oil was quoted at $83.61 a barrel late in London on Friday, up from $83.05 late Thursday.

‘The biggest question mark for oil traders, and potentially the main price driver in the medium term, rests on demand forecasts.

US inventories came up shorter than predicted, raising hopes of greater crude demand, but the upside created by this news was capped by uncertainty over the Chinese economy.

Such doubts grew after the imposition of fresh US import tariffs on Chinese goods, feeding apprehension over demand from the world’s leading crude importer. Against this background, the price of Brent looks set to remain firmly supported above the $80 per barrel level and face resistance at $84,’ ActivTrades analyst Ricardo Evangelista commented.

[chachacha] 16/5/2024 23:14

More evidence that UK politics run by and for the Greens.https://www.telegraph.co.uk/business/2024/05/16/us-oil-giant-pull-out-north-sea-industry-meeting-hunt/

[jrphoenixw2] 16/5/2024 22:10

@ KK, and that will be a choice example of 'Who moved my cheese' vs gesture-politics headlines. It should work for investors too. Pity the UK consumer...

[xxxxxy] 16/5/2024 22:04

With a solid financial position, sound strategy and an improving economic outlook, BP is a worthwhile addition to our income portfolio despite its inherent risks. Its purchase will be funded by cash raised from recent sales that has not yet been fully redeployed.Questor says: buyTicker: BPShare price at close: 489.3p... Daily Telegraph... Today... Or ditto Shell... My view.