Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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Spot on Bald E - in the hands of politicians we have not got much of a chance. Even now countries are not singing from the same hymn sheet, and several major players flatly refuse to even believe there is a hymn book! The best case scenario is that cremation will be free for everyone at the point of use! The worst case scenario is that the cremation of the World's population will occur simultaneously!
The real 'problem' is that when scientists & Greta stand up and tell us what needs to be done to avoid the worst effects of climate change we all say they are overreacting, that things won't be so bad. So we do nothing or very little. It is a gamble...the ultimate kicking the can down the road.
If the scientists & Greta are correct then over the next few decades we have some very hard choices - expensive choices - to make.
When faced with a difficult choice the easy option is to put it off or pretend it has gone away. Until it comes back to bite us. The time has come - as a planet - to decide what we are going to do. It applies to individuals, countries and companies....we all have a part to play. I hope in 20 years time we look back and ask ourselves "Why didn't we do it sooner because life is so much better"...the optimist in me. The pessimist in me says "We are all doomed". At the moment the pessimist is on the ascendency!
There needs to be an injection of reality to politicians & greenies alike….
Certainly for the politicians, Getafgrip. The Gretas of this world seem to be essential catalysts for action and, in that role, I can usually forgive them for making uncompromising, even if unrealistic, demands. Activists are invariably too emotionally invested to deal with the detail and they’ve got good reason to cast Big OIl in the role of villainous monster. Politicians, on the other hand, have the crucial responsibility for charting society’s course and navigating through major changes. Unfortunately our politicians too often seem unable to steer the ship competently and are either obsessed with their own popularity or some extreme ideology. We don’t often get a great choice of leadership talent at the polling booth, where the main qualification seems to be the deceptive quality of charisma rather than fundamental capability. RDS needs to grasp the nettle and show that it can be a leader in green transition as well as maintaining essential (rather than additional) fossil supplies in the meantime.
Good to see some traction after the recent volatility.
Looking forward to Shell's evolution towards renewable energy.
A recent study from the textile industry revealed ...65% of the world's textile industry including clothing and footwear comes from crude oil...... oops!
Good that the last 2 weeks Shell has taken a breath. Helps to consolidate the share, and then move on to the new buyers and sellers.
This week is Ex-Div I think so might see a small drop that day.
Apart from that just another day of the cash register rolling, New projects coming on line and investments being made etc etc. All of GOM is back on line and earlier than expected so thats also Happy Daze.... I thought Ben comments last week were quite brilliant and released at exactly the same time. After all its not rocket science....We need to sell the oil and gas to fund the renewable projects....Simple....
https://www.bbc.co.uk/news/business-59154930
Looks like Dan Loebs idea to break up the company though the fact that he has recently bought nearly 750$ mIllion of shares is very positive. People like him tend to be great players and there is usually a strategy they follow. Did he really want to break up Shell or make some noise for one reason or another. All I know is generally when people like him get involved it focuses minds and increases share price.
Heres to a good week for all.....
As with $77 and $70 before that, if Brent gets to $86 again - whether it's a couple of days or months away - then it would potentially represent another breakout: https://invst.ly/wjdxb
Loeb is the Activist Investor that wants to break RDS up. There are good reasons to think this is a bad idea: https://www.reuters.com/breakingviews/dan-loeb-is-oversimplifying-shells-long-game-2021-10-27/
Let's hope others follow suit and push us up a notch or two
To those who say that institutional investors are not investing in oilers it is nice to read that the New York based hedge fund Third Point (TPOU) have just taken a large position in RDSB.
As the manager / owner Dan Loeb puts it he sees enormous value here & also sees substantial long term gains for shareholders.
For those who haven't heard of these guys Dan Loeb is personally worth around $4 billion & TPOU had $17 billion under investmentent as of June 2021.
"When the politicians talk about reducing methane they mean reducing the consumption of meat meaning farm animals..."
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Methane reduction can come in a variety of forms. Industry emits a lot of methane as well as farming. Reducing leaky pipes in oil & gas installations is an 'easy' fix. Animals can be given food additives to reduce their methane output, indeed UK farmers are 'apparently' some of the best in the world at this, so we can export our practices to other meat producing parts of the world. And yes, we will have to consume less meat, which will 'probably' be healthier for us all.
PS If we have less meat but of a higher quality then farmers will 'hopefully' be able to balance less livestock with more valuable animals....the problem is that post Brexit we sign trade deals that flood our market with cheap meat from parts of the world with lower environmental standards. The answer is a methane tariff on imports....but we wouldn't get any trade deals.
So we are going to have farmers planting trees to compensate for the Amazon rainforest that is being cut down so we can have cheap corned beef and palm oil beauty products. Makes sense!!
Taxes dont seem to work on that nasty sugary coke muck, the liquid type obviously. Think my steak is safe for a while yet.
FYI: When the politicians talk about reducing methane they mean reducing the consumption of meat meaning farm animals raised for same. We all know how politicians seek to discourage the public on reducing consumption of things they want to see reduced...... Taxes!!!!!
Expect a “methane tax” on meat or VAT levied on it!
Agreed Getagrip.
Im doing my bit, but as for methane emissions im afraid im a 101% real meat eating burger/steak muncher, and i dont propose to be giving that up anytime soon. Will just plant more trees to offset my BBQ's (im wondering when the greenies are going to start attacking those - very ungreen is charcoal)
Let's face it - when the politicians & excessively rich evacuate the planet, it is highly likely the space craft will be powered in whole or in part by fossil fuels. Economies only hope for survival will be the Investment Banks invention of a variety of novel financial instruments including of course specialised Bonds, enabling us to package and sell the planet as " nearly new" or with "one careful owner!" The unwitting taxpayer will be convinced that sub-prime planet bonds are a great opportunity - "Let's get a Greta Bond."
Boyo & BE are right on this. There needs to be an injection of reality to politicians & greenies alike. I generally spend half the week in the Scottish Borders. Although towns and cities in the Borders and Scotland have mains gas and electricity - a typical village does not have mains gas, but some use say Calor gas for cooking. There is only minimal evidence of Photovoltaic Panels & very few have ground-source or air-source heat pumps. There is an odd bio-mass boiler, but the vast majority of people have oil boilers. Many residents still have - wait for it - real coal fires. Virtually everyone else has multi-fuel stoves - and when coal is banned, what effect will it have - they will most likely burn wood which is plentiful. Lighting and cooking is of course largely electric.
There are many UK country areas like this & embracing the green revolution is going to take vast amounts of capital, heavy subsidies, import of specialist expertise, heavy training expenditure, cultural hearts and minds changes, plenty of time, and synchronisation with other allied initiatives that prevent flooding, provide insulation, reduce reliance on fertiliser usage, soil erosion etc.
Currently the "Plan" taking shape from COP 26 appears to be agreeing to reduce methane levels and 40 countries agreeing to ban coal. It seems to be a couple of easy-kill objectives rather than a plan. I'm inclined to agree with Greta that COP 26 is simply not fit for purpose. I simply do not see the Polar ice caps reforming, or extreme weather events reducing any time soon!
Shell Restores Production at Mars and Ursa in the Gulf of Mexico
https://markets.ft.com/data/announce/detail?dockey=600-202111050830CANADANWCANADAPR_C4948-1
"Burning fossil fuel is unavoidable for many tasks and doing so is not hypocritical if the reason is sound enough."
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At last someone who talks sense. Boyobach, you a voice of reason.
Too many people seem to think we cannot use the military to fight a war because they would have to use helicopters & aeroplanes to get there!!...some things are worth the carbon footprint.
Some people spend all their time looking for petty inconsistencies.....as I have said before, when Greta farts she 'probably' emits methane...we all do, get over it.
Greta has been cast in a role that demands that she goes where her fight is. She is presumably smart enough to realise that she won’t achieve much if she sits at home with a commendably tiny carbon footprint and an equally minuscule sphere of influence. Burning fossil fuel is unavoidable for many tasks and doing so is not hypocritical if the reason is sound enough.
She can't have it all ways. If it wasn't for burning fossil fuels she wouldn't have had any wind in her sails! It would have been good watching her try to blow enough hot air in to the sails to get going, but failing that I have a deeply disturbing picture in my mind of her trying to use her own methane!
Well that has solved the issue of fossil fuels, we can just all post up our travel requirements and 48ft catamarans will take us wherever we want to go.
I'm speaking at an environmental rally in the Bahamas next Summer - I can be picked up from any port between Weymouth and Falmouth (I don't even mind if it's a mono hull rather than a catamaran). Let's see how that pans out.
Well that bounce continued despite the easing back in Brent:
https://invst.ly/wiqea
That's pretty impressive - glad I topped back up.
The sp to Brent$ ratio is back up to 20.7 - the recent 'top' is around 21.2.
".... over the atlantic - she flew back home, and they kept it quiet to avoid the hypocrasy pr. Im guessing she did the same again at COP but its only a guess."
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According to Wikipedia Greta did not fly back from her trip to the Americas:
"Thunberg refuses to fly because of the carbon emissions from air travel so she posted on social media that she needed a ride across the Atlantic Ocean. Riley Whitelum and Elayna Carausu, an Australian couple who had been sailing around the world aboard their 48-foot (15 m) catamaran, La Vagabonde, offered to take her, assisted by professional yacht skipper Nikki Henderson. So, on 13 November 2019, Thunberg and her father set sail from Hampton, Virginia for Lisbon, Portugal." [https://en.wikipedia.org/wiki/Voyage_of_Greta_Thunberg]
PS There was some talk that a crew had to fly out to bring the boat back.
I think it is a very astute political input from Ben as well. He has not only stated the obvious, and planted in peoples minds, that Shell is paying for green initiatives through demon fossil fuels, in common with other super-majors. But, also put a spoke in the wheel of any plans for windfall taxes. The PR line to take from Shell looks like being "Fossil fuels are a necessary evil to facilitate the green transition."
Also when the issue of windfall taxes is raised, he can simply state, that they will reduce the speed & quality of transition. And instead of the capital being in Government hands to make lame-brained decisions on subsidies to all and sundry for going green, it is better in Shell's commercial hands driving the green transition more speedily, expertly & with optimal direction.
".... she took the completely unrecyclable carbon fibre (just like 'green' windmill blades) posh yacht over the atlantic"
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And when she farts she emits methane!!
B Eagle
Greta did indeed take the train to COP, how she got home hasnt been anounced as far as i know? but im guessing she did exactly the same as when she took the completely unrecyclable carbon fibre (just like 'green' windmill blades) posh yacht over the atlantic - she flew back home, and they kept it quiet to avoid the hypocrasy pr. Im guessing she did the same again at COP but its only a guess.
Love tree's, make my house nice and cosy when i burn them, i also have 160 potted conker trees currently growing in my garden, these already have homes for next spring with a few landowners down here in 'sparse tree coverland' Cornwall.
Easy being green, but im still not on her chrimbo list, she's to focussed and targetted in her approach imo which takes unthinking others blindly bleating along the same path, unfortunately that targetted approach misses to many other oppertunities.
Anyway, fingers crossed we have a nice blue day and head northwards towards last months £18 again.