Shell Share Discussion Threads

[xxxxxy] 06/6/2024 15:59

Oil and gas investment surges in blow for net zeroSpending on fossil fuels expected to grow to $570bn as emerging economies drive demandJonathan Leake6 June 2024 • 12:25pm102More than $500bn (£391.13bn) was invested into oil and gas last year, according to a report from the International Energy Agency (IEA), in a blow to environmental activists' calls for no new fossil fuel development.Investment in oil and gas production rose 9pc last year to $530bn and is expected to surge by another 7pc this year to around $570bn.The increase was driven by producers in the Middle East and Asia, the IEA said.Similarly, investments in coal production rose by 6pc last year, mostly driven by demand in China, India and southeast Asia, according to the World Energy Investment 2024 report.

[geckotheglorious] 06/6/2024 15:31

KKClimber

Post 4844

Agreed.

All these green nutjobs and climate idiots should be forced to live their lives absent the benefits of O&G

No cars.
No leccy
No washing machine, kettle, microwave, oven etc etc

See how long they last.

Wont be long as they'll have no water, no food, and being extremely dirty.

[kkclimber56] 06/6/2024 13:50

Same as obese people blame food producers for them being fat and smokers blzme tobacco compsnies for causing lung cancer. I.e. it is always somebody elses fault.Increasing demand for gossil fuels is simply further evidence that todays generation are not prepared to make the sacifices required to protect the planet for future generations.

[philanderer] 06/6/2024 00:02

Oil Climbs as Traders Eye Price Floor Despite US Stockpile Gain

EIA reports crude inventories increased by 1.2 million barrels

Algorithmic traders have exacerbated recent price declines

[growthpotential] 05/6/2024 23:53

How does one deal with the boring criticism this stock receives for carbon emissions? Is it the fact that the world is still demanding oil and gas, so they supply it

[xxxxxy] 05/6/2024 08:39

Have to point out, you were in power for years and could have done all those sensible things..There you go.

[xxxxxy] 05/6/2024 08:38

Net zero changes needed

JUNE 4, 2024 174 COMMENTS

The U.K. needs to go further than adopting a more realistic rhetoric about getting to net zero. It needs to keep recent policy changes and add additional ones

1 Policies to keep

It needs to extract more U.K. oil and gas in place of more LNG and oil imports

It needs to keep the delay to the ban on sales of new diesel and petrol cars

It needs to keep the delay on penalising new gas boilers for home heating

These could all be changed back if we have a change of government.

2. It needs to ditch the following policies

The tax on car manufacturers selling too many petrol and diesel cars

The grants to farmers to stop growing food

The high extra taxes on Domestic oil and gas production which makes us more import dependent

Further investment in electricity inter-connectors to an energy short Europe

3. Things it needs to do to keep the lights on

Commission more gas fired power stations as back up for unreliable renewables

Speed up order process for new smaller sized nuclear power stations

Control migration more successfully to limit demand growth...John Redwood

[jrphoenixw2] 04/6/2024 20:00

OPECs stupid manipulations are hardly paying off for producers/investors are they (sigh)....

[philanderer] 04/6/2024 15:20

No stopping the oil sell off , Brent = $75.85

[philanderer] 04/6/2024 09:54

Down again , Brent = $76.35

[philanderer] 03/6/2024 19:55

U.S. crude oil falls more than 3% as OPEC+ plans to phase out voluntary production cuts

[philanderer] 03/6/2024 15:00

Brent 78.75 USD

[hellscream] 03/6/2024 07:40

would love the oil companys to hand over the north sea to the government. let the taxpayers pay for the upkeep.

[xxxxxy] 30/5/2024 08:26

Labour....Killing the Confidence to invest in UK.. Think Shell will leave if Labour government....Have to have a reason to invest.

[spud] 30/5/2024 08:10

Labour hunting the Goose that laid golden eggs. RIP North Sea assets. spud

[craftyale] 29/5/2024 13:04

Your posts always seem to be well timed and accurate. Keep them coming. Good day today.

[adg] 29/5/2024 09:11

Looking promising - sad that bp can’t/won̵7;t follow suit and dump nut-zero pipe dreams

[jrphoenixw2] 29/5/2024 07:44

Thanks Phil, seems like the tide is turning eh.
They've discarded the fig-leaf renewables and back to 'last century' oil and gas. Politically this'll be seen a retrograde, verging on prehistoric and socially evil. But they were already a political target whatever they did. Feels like they're positioning to move their primary listing to the US. I wouldn't blame them: Who moved my cheese, or perhaps Atlas Shrugged?

[philanderer] 29/5/2024 00:27

Shell is preparing to axe staff in its offshore wind business, as chief executive Wael Sawan pursues a move away from renewables.

[the white house] 28/5/2024 21:05

Another 2/3 of Q almost in the bag at a ballpark 85 bucks for Brent. Would need an unlikely 70 av for June for the Q to below 80Another Q of buybacks & debt falling guaranteed. & This time unlikely to hit the wall of selling at 29 we have just seen. I cannot recall 6 days out of 10 over 20m mostly sales to drop us back. Could be that Third Point/Dsn Loeb have exited, they came in with 750m couple years back at 14 or 15 and may have jet the exit of doubling? Anyone have data? Looks like thankfully Brent is stronger again and daily share turnover back to normal levels where the daily relentless buybacks can grind us higher again

[the white house] 28/5/2024 14:38

@ 2777 Back in trading long December

[adg] 28/5/2024 10:47

Joe Public car ownership is being slowly but surely being priced out.
Read Agenda 2030 it makes for very disturbing reading…. It has been under our noses for decades (first iteration was agenda 2020 I think)
hxxps://www.un.org/sustainabledevelopment/development-agenda/
UK’s governments bit