BP Energy Outlook 2019 Millais I really appreciate and thank you for your considerate and helpful post. I could say quite a lot on this subject but given you are someone who is nuanced, no need. Vanadium is another important mineral and China, with their usual foresight, and geographically, is well positioned in this respect both in Africa, at home and in their recently reformed allegiance with Russia. Will look up your links and gather some other interesting links re. electronics to post here soon. So much more I could say, but with respect to those in the O&G industry don’t feel it is appropriate. Best to all.
BP Energy Outlook 2019 I see oil is up to $74
BP Energy Outlook 2019 Hi Albi1, Like you I have been looking at my long term investments with a view to a “greener” and more eco friendly slant. While I feel that oil still has a future, certainly in the next couple of decades (oil derivatives are all around us and used in multiple industries) I have been looking at EVs and crucially, what powers them. After all, no battery no journey ! My investigations concentrate on the metals required to make batteries, notably lithium and cobalt. Lithium derived from brine is of a higher concentration than lithium carbonate, and outside China is found in highest concentrations in Chile. Albemarle is heavily invested in their Atacama Desert project, but my interest (and a modest investment) is in the Maricunga Joint Venture, the next highest lithium brine concentration. An intensive environmental impact report is with the Chilean authorities and expected to be passed by the end of this year. I am invested in the junior partner, Bearing Lithium Corp, and prepared to wait for results. Secondly, Cobalt27.com holds physical cobalt, receives royalties from its interests in mines in Canada and Papua New Guinea, amongst others, and is also adding Nickel to its portfolio. Crucially, for me, it refuses to invest in DR Congo, due to its unethical use of labour and lack of stability. Again, I have a small investment that I topped up recently, for a long term approach. Both are on the Toronto Joint Ventures Exchange. This is not intended to be investment advice, but simply to show my intention to have a foot in two camps, i.e. Oil and battery technology ! This may give some investors ideas of their own… Healthy debate is always good, so don’t be discouraged Albi1 by any negative feedback, Kind regards, Millais
BP Energy Outlook 2019 Albi1: until renewables … take over Take a look at Global Warming will raise sea levels and cause other serious problems but renewables are not the answer. Despite the risks, nuclear power may be the only viable soluFlon
BP Energy Outlook 2019 There has been talk for years about the effect of this , that and the other on oil prices. I will have long sold out before anything actually happens.
BP Energy Outlook 2019 Flossoffa Great timeline, have bookmarked, thanks. What’s different now? Damage to our ecosystem will be irreversible unless we act with some degree of urgency to prevent hitting the 2 degree rise mark. It’s pretty dire and looking at that timeline, clearly profit seemed more important than the planet. Well it seems that’s actually about to change and I think it will and I think investor sentiment will shift. I think we are seeing a new age of something being ushered in and I hope we’re all up to the challenge because I don’t think it’s going to get any easier.
BP Energy Outlook 2019 Evening/morning all, Have exhausted myself on this subject a bit over on the LSE board. But some interesting info (well, to me at least) in terms of what future transportation might look like in a post fossil fuel world. Basically I hope to make a healthy profit here and no doubt much of that will end up invested and diversified in renewables too! Hopefully Hurricane is not significantly impacted at present and for the foreseeable future but I’m not sure if I’d still be holding in 5 or 10 years time.
BP Energy Outlook 2019 I’ve said several times that I believe BP have better projects vying for a slice of their capital budget. Azerbaijan, Angola, Trinidad, Indonesia, Trinidad, GoM , Permian, India and Brazil… They are already developing Clair and Clair Ridge, with Clair South a candidate for future capital. As I understand it their existing blocks have basement potential, but is not a priority.
BP Energy Outlook 2019 The essence of my argument is that the HUR assets will probably have been fully exploited before there is a significant reduction in the demand for oil and by that time it will not only be the HUR reserves that have been sucked dry but all of the present producing oilfields alFlo
BP Energy Outlook 2019 @Flossoffa Thanks for that ‘timeline’ link, Floss. Very informative. Great work on your part to find it. The ‘Argument’ continues! Kr,A. - LLV
BP Energy Outlook 2019 Albi1: However, the main risk here is a seismic shift in sentiment and MM’s following the ‘new money’. If the `seismic shift in sentiment’ is happening at all, then it is occurring at a geologically slow pace. Scientists have been aware of GW for well over a century, but coal was (and still is in some places) the fuel powering the progress of civilisation. [link] People back then obviously decided that the benefits of this dirty and dangerous fuel massively outweighed its very obvious disadvantages (GW was not even mentioned). I can well remember the family crowding round an open coal fire on a winters night, scorched in front and frozen behind (literally); the sulphurous fogs and the blackened buildings; GW did not have a fraction of the impact of these adverse effects on our daily lives but beyond a move to `smokeless fuel’ for domestic use, eliminating coal was and now moving away from oil will be a very slow Flocess.
BP Energy Outlook 2019 @All Question, to change the subject, but not the object; does anyone think that HUR as an acquisition to/for BP. would be less desirable now that they, BP., have closed on this Bonanza Oil Deal with Azerbaijan? (Bloomberg side-line). But BP should be taught to be cautious, about six-and-half years ago the Head of that Country was threatening BP with 'serious measures" - whatever that meant. Doing business on the (hopefully) politically/legally stable - Brexit notwithstanding! - environment of the UKCS should be worth quite a premium to the perspicacious Takeover Company. Kr, A. - LLV
BP Energy Outlook 2019 Flossoffa In all seriousness, the major shift is happening right now. We have started transition stage from fossil fuels to non carbon dioxide emitting alternatives. Trees take decades to grow, but the technology for heat pumps, solar and wind has arrived. Vanadium batteries are improving and it will only be a matter of time before this technology develops to a point where the production of electricity is not linked to fossil fuel. It’s interesting, geopolitically, 85% of the world’s vanadium, supposedly, is deposited in China, South Africa and Russia. Back home the challenge is how do we convert current housing stock to run on alternative systems. Where we thought we had more time to change clearly given the rate of ice melt at both poles, that time is now very finite to prevent an ongoing cycle of destruction to our ecosystem. The fact is whatever your view on why it is happening, the climate is heating up at a rate of 1% and rising. The UK has committed along with other countries to keep it under 2%. If they are serious about this then we are going to see a radical shift in investment strategy in pension funds (major universities in the US and UK have divested) etc. In turn that is going to affect us, it will depress the price and that is the goal of activists. How much it will depress the price - this year will tell us. Based on this I am going to rebalance my portfolio accordingly. I hope I am wrong to the extent we still need an independent fuel source until renewables and the infrastructure to make them usable are able to take over. However, the main risk here is a seismic shift in sentiment and MM’s following the ‘new money’.
Exploration and production Assets Sold Conoco Phillips is selling its NS assets to Phil Kirk’s Chrysaor for $2.68bn (£2bn). This includes production of 72,000 b/d and 99M barrels of proven reserves. Ineos which was also interested has now switched its focus to Chevron which is looking for $2bn for its NS interests. Total has NS assets worth $1.5bn to sell whilst Apache only wants $500M for its NS assets. So there are clearly moves aFloot
BP Energy Outlook 2019 Albi1: The heads of two major central banks warn firms they may “fail to exist” if they ignore threats. They should know! The last UK example was in 2007. Remember Northern Flock?