Gidders:
Annual accounts for Shell and BP have been announced recently.I know there are all sorts of issues involved,but they aren’t struggling to make a profit.Wait for the supermarkets to announce their record profits in the near future.
Sunak has refused suggestions for a windfall tax on them.
He prefers a “loan” to we consumers that we repay later.
If the price drops then it will smooth things out when we repay our unasked for loan; if price doesn`t drop then…tough.
Kwarteng talking to Trevor Phillips on Sunday SkyNews, said that the energy producers needed to be protected or else they might not invest in future supplies.
Poor sods, I was in tears at their pitiful financial state. Nearly as hard up as those poor bankers.
My first job was with a company that made oilfield equipment, ‘Christmas trees’ , blowout preventers, pipeline valves etc.
We supplied BP, Shell and others with kit for the North Sea rigs in the early 1960s and none of it was cheap.
Today it’s announced that we are to fast-track six operations to extract North Sea gas ( a rare piece of common sense which will help energy supply and prices in due course).
The costs of this will have to be paid for, if the energy companies are hit with high windfall taxes, they won’t be keen to fund these projects, so the taxpayer may end up footing the bill one way or another.
Buckstones:
My first job was with a company that made oilfield equipment, ‘Christmas trees’ , blowout preventers, pipeline valves etc.
We supplied BP, Shell and others with kit for the North Sea rigs in the early 1960s and none of it was cheap.
Today it’s announced that we are to fast-track six operations to extract North Sea gas ( a rare piece of common sense which will help energy supply and prices in due course).
The costs of this will have to be paid for, if the energy companies are hit with high windfall taxes, they won’t be keen to fund these projects, so the taxpayer may end up footing the bill one way or another.
BP and Shell are energy companies. Investing in energy is what they do.
They will scream, shout, and cry like babies, but they wont shut up shop and go home because of a tax they dont like.
They have a strong lobby to plead their case, but I can`t see them refusing to invest in oil/gas anytime soon.
The more they produce conventional oil/gas now, the further down the road the renewable can will be kicked. No chance will they refuse to do what makes them rich.
Another three nuclear plants in France coming offline for repairs it was announced today.
OwenMoney:
Another three nuclear plants in France coming offline for repairs it was announced today.
Coming offline for fear of a French Chernobyl they mean
So yet more calls for yet more of our gas while telling us to go all electric.
Franglais:
Buckstones:
My first job was with a company that made oilfield equipment, ‘Christmas trees’ , blowout preventers, pipeline valves etc.
We supplied BP, Shell and others with kit for the North Sea rigs in the early 1960s and none of it was cheap.
Today it’s announced that we are to fast-track six operations to extract North Sea gas ( a rare piece of common sense which will help energy supply and prices in due course).
The costs of this will have to be paid for, if the energy companies are hit with high windfall taxes, they won’t be keen to fund these projects, so the taxpayer may end up footing the bill one way or another.
BP and Shell are energy companies. Investing in energy is what they do.
They will scream, shout, and cry like babies, but they wont shut up shop and go home because of a tax they dont like.
They have a strong lobby to plead their case, but I can`t see them refusing to invest in oil/gas anytime soon.
The more they produce conventional oil/gas now, the further down the road the renewable can will be kicked. No chance will they refuse to do what makes them rich.
They couldn’t care less about carbon tax they just pass it on to the consumer.
It’s those with your agenda who are imposing the taxes with the intention of making us dependent on dangerous expensive nuclear all so that our fossil fuel resources can be exported.
Renewables bs this is all about anything but green unaffordable nuclear and biomass v cheap safe fossil fuel.
We are being seen as the mugs in that scam.Our doubled gas exports prove it.
OwenMoney:
Another three nuclear plants in France coming offline for repairs it was announced today.
Good news for Brexit fans? No more French electric imports?
statista.com/statistics/550 … mports-uk/
Thatll put a smile on their faces.... ....if its visible in the flickering candle-light.
OwenMoney:
Another three nuclear plants in France coming offline for repairs it was announced today.
Trouble at mill all over the EU it seems regarding energy! Poland is feeling the wrath of the EU over their lignite mine, Since it’s now possible for every man & his dog to sue companies/countries over emissions the Czech government brought the lawsuit against the Turow lignite mine & Poland has been racking up €500K/day for not closing it down & has now racked up a total of €60million in fines 
“The European Commission has informed Poland that it will be docking a multimillion-euro fine out of EU funds earmarked for Warsaw, Brussels spokesman Balazs Ujvari told AFP on Tuesday.
The mechanism will be triggered next week and will see 15 million euros ($17.1 million) deducted from money Poland expected to receive from Brussels”
lancpudn:
OwenMoney:
Another three nuclear plants in France coming offline for repairs it was announced today.
Trouble at mill all over the EU it seems regarding energy! Poland is feeling the wrath of the EU over their lignite mine, Since it’s now possible for every man & his dog to sue companies/countries over emissions the Czech government brought the lawsuit against the Turow lignite mine & Poland has been racking up €500K/day for not closing it down & has now racked up a total of €60million in fines
“The European Commission has informed Poland that it will be docking a multimillion-euro fine out of EU funds earmarked for Warsaw, Brussels spokesman Balazs Ujvari told AFP on Tuesday.
The mechanism will be triggered next week and will see 15 million euros ($17.1 million) deducted from money Poland expected to receive from Brussels”
Half a million Euros a day lost to Poland.
Depending on whether or not you believe the red bus? That is less than 1% of what the UK was contributing to the EU. (£350m per week, £50m daily)
No comment from me on rights/wrongs but a comment on the amount.
What is more relevant maybe the turnover and profit, now and projected, of an operation isn`t it? How does that stack against everyday costs?
@Franglais. Half a million Euros a day lost to Poland.
Depending on whether or not you believe the red bus? That is less than 1% of what the UK was contributing to the EU. (£350m per week, £50m daily)
No comment from me on rights/wrongs but a comment on the amount.
What is more relevant maybe the turnover and profit, now and projected, of an operation isn`t it? How does that stack against everyday costs?
Reading a bit more it seems there’s a draft agreement on the table that will stop the €500K daily fines but there’s still stalemate as Poland issued a six year extension on the mine. Poland should have known what they were signing up to when they joined the EU or they should have done. It hasn’t stopped the Czechia, Germany or Slovakia motorist using Poland for petrol/diesel tourism though as Poland has reduced VAT on fuel by 25-30 cents/litre & petrol stations near the borders are running dry
Franglais:
OwenMoney:
Another three nuclear plants in France coming offline for repairs it was announced today.
Good news for Brexit fans? No more French electric imports?
statista.com/statistics/550 … mports-uk/
Thatll put a smile on their faces.... ....if its visible in the flickering candle-light.
The problem here is more about unaffordable energy bills because of EU coal bans and carbon taxes on gas and the fact that we are exporting our cheap gas reserves to Europe etc.
If only Boris wasn’t a closet LibDem remainer we’d manage fine with our gas and coal.
France can stuff its dangerous expensive nuke fuelled electric.
lancpudn:
Poland should have known what they were signing up to when they joined the EU or they should have done. It hasn’t stopped the Czechia, Germany or Slovakia motorist using Poland for petrol/diesel tourism though as Poland has reduced VAT on fuel by 25-30 cents/litre & petrol stations near the borders are running dry
It’s obvious that there is no majority mandate for this economically suicidal anti fossil fuel agenda.Which hadn’t kicked in when Poland started its aseccion process which was more based on its perceived defence issues anyway.
It’s a get rich quick scam for the nuclear power industry and it’s backers all based on the lie that CO2 cooked Venus.
While they then export our fossil fuel resources.
apiwp.thelocal.com/20220209/fue … bill-cuts/
That’s nice of Total . Helping out us penniless peasants.
OwenMoney:
Residents in rural France to get fuel discounts and €100 gas bill cuts - The Local
That’s nice of Total . Helping out us penniless peasants.
While Macron is telling us that we have to go all electric at 26p per kWh because CO2 cooked Venus.
Bearing in mind its probably mostly Brit oil and gas that they are flogging off cheap to France so as to keep our EU imposed Carbon figures down.
OwenMoney:
Residents in rural France to get fuel discounts and €100 gas bill cuts - The Local
That’s nice of Total . Helping out us penniless peasants.
Nice one, That’s better than a poke in the eye wi a mucky stick
They’d better pull their finger out & get some more electricity generation going here as January 2022 saw one in three new car registrations were electrified & demand for electric cars is set to grow exponentially this year. smmt.co.uk/2022/02/electric … strations/
lancpudn:
OwenMoney:
Residents in rural France to get fuel discounts and €100 gas bill cuts - The Local
That’s nice of Total . Helping out us penniless peasants.
Nice one, That’s better than a poke in the eye wi a mucky stick
They’d better pull their finger out & get some more electricity generation going here as January 2022 saw one in three new car registrations were electrified & demand for electric cars is set to grow exponentially this year. smmt.co.uk/2022/02/electric … strations/
Aye, it’s going to be reet bugger with all these electric cars that need charging on the many days in this country where the sun doesn’t shine or the wind won’t blow.
bigstraight6:
lancpudn:
OwenMoney:
Residents in rural France to get fuel discounts and €100 gas bill cuts - The Local
That’s nice of Total . Helping out us penniless peasants.
Nice one, That’s better than a poke in the eye wi a mucky stick
They’d better pull their finger out & get some more electricity generation going here as January 2022 saw one in three new car registrations were electrified & demand for electric cars is set to grow exponentially this year. smmt.co.uk/2022/02/electric … strations/
Aye, it’s going to be reet bugger with all these electric cars that need charging on the many days in this country where the sun doesn’t shine or the wind won’t blow.
Nuclear and biomass will form the majority of this nightmare utopia in addition to green fields turned into sterile dustbowls under solar panels.
All moot at 25-50p per kWh + taxes.
As for one in three new car sales being EV’s, bearing in mind sales of ICE powered cars are being limited and rationed to the point of decimating the new car market.
Exponential increase in EV sales bs.
Not just around the next corner, nor the one after that, but fusion is happening.
youtu.be/eX9MnnunrRw
.
It is complicated. The whole picture needs looking at.
But.
youtu.be/vdDFOQAumMg
BP currently gets tax rebates…!
Franglais:
Not just around the next corner, nor the one after that, but fusion is happening.
youtu.be/eX9MnnunrRw
.
France has got safety issues with fusion reactors.
Obviously to the point of encouraging customers to use gas for heating and petrol ICE powered vehicles.No doubt much of it being ours while telling us to go all electric.
So let’s go with thermo nuclear reactors instead that will fix it.
It will take more cash to provide the energy to start it let alone provide a cooling system that will stop the thing melting down or taking out half of Europe when it explodes, than the electric would be worth even at 26p per kWh.
Dont bet your pension on it.