Unthreaded
3x2
I did not mentions gas mate, this is about oil only :)
Dung
Dung
There have been stories in the press recently that US shale oil production is on its knees because of OPEC action, flooding the market with oil. Today's report from Platts contradicts that story and tells us that the US can make profit at $35/b but obviously would prefer to sell at $60 or more. The government is paying them not to open up new wells which are ready to come online right now.
Not sure how that works. Surely, Oil prices shouldn't impact Gas except where they compete in the same market. For example, we don't generally use Oil to generate electricity so the Oil price shouldn't impact the electrical generation market. Same for heating the majority of UK homes.
Both the above examples also require one to believe that Oil prices will continue to fall (or even just stay the same). I'm not going to invest in a electricity generating plant running on Oil (or a new home heating system) unless I were totally convinced that Oil will continue to outstrip Gas in the (much) longer term. Don't forget that a GT plant is a very long term investment.
Sounds like more ill thought out green nonsense to me. Oil is not Gas and in many applications the two never meet.
The only advantage Oil has compared to Gas is that Western Governments are not ready, yet, to attack the Oil market. People might accept an artificial increase in electricity prices because the market is complex and so can be easily gamed. They will never accept a similar hike in petrol prices because the price of Petrol is readily understood by most to be a direct function of the price of Oil.
3x2
Latimer Alder
I wish I could join you at that lecture mate :(
Dung
There have been stories in the press recently that US shale oil production is on its knees because of OPEC action, flooding the market with oil. Today's report from Platts contradicts that story and tells us that the US can make profit at $35/b but obviously would prefer to sell at $60 or more. The government is paying them not to open up new wells which are ready to come online right now.
Dung
Delers on the attack, reporting on an article in The Register:
Top Physicist Freeman Dyson: Obama Has Picked The 'Wrong Side' On Climate Change
http://www.breitbart.com/big-government/2015/10/13/top-physicist-freeman-dyson-obama-picked-wrong-side-climate-change
Here is the article in The Register:
Top boffin Freeman Dyson on climate change, interstellar travel, fusion, and more
http://www.theregister.co.uk/2015/10/11/freeman_dyson_interview/
And what about this:
"The Register: It's now difficult for scientists to have frank and honest input into public debates. Prof Brian Cox, who is the public face of physics in the UK thanks to the BBC, has said he has no obligation to listen to "deniers," or to any other views other than the orthodoxy.
Freeman Dyson:That's a problem, but still I find that I have things to say and people do listen to me, and people have no particular complaints. ..."
No wonder the BBC loves Brian Cox!
Robert Christopher
We shall see soon enough, I guess. Whatever happens will be taken as further proof of AGW, though!
jamesp
jamesp
Doesn't always work! We had a pear and plum crop to die for last year and an exceptionally open winter to follow! Perhaps these things don't apply in France.
In my youth we certainly saw a heavy crop of haws as likely signs of a hard winter. I think it's all old wives' (or farmers') tales but these things usuall have a grain of truth in them somewhere.
Mike Jackson
Anyone apart from me going to the GWPF lecture tomorrow night?
Latimer Alder
MJ
"How long it will be and how hard can be read from other signs"
Hedgerow fruit and berries are very plentiful this year, also apples/pears/plums. More logs required...
jamesp
I did not mentions gas mate, this is about oil only :)
Yes, you are quite correct. I read your post and assumed that 'Gas' came out of the same 'holes' and so would balance out the Oil price and started typing from there. That'll learn me. 3x2 - stick to the actual subject of the post you are replying to.
(embarrassed icon)