Crude Oil

[Joshuatree]

Yes I see AUD spot oil $166bbl ... I have shifted just over 60% of my portfolio into the O&G sector .... with the rest across Energy metals with HUGE forward demand -Cu,Li,Ni,U308,PGMs etc

I agree safe .. hard to go bankrupt when your investment is making $$$$ and discovering Major future producing mines of critical metals>>

Not liking the stupid selling at present !!!

Could be a hiccup if the War in Ukraine finishes soon(I hope so). But I think this could be another op to get in,top up as the demand/ supply prob was entrenched well before the war started due to years of underexploring partly due to environmental pressure.

Crazy huh as it takes alot of conventional energy to build solar,wind,ev's etc.
We are so far behind reducing pollution that it will take something like banning cars in built up areas to start getting real change.
Just my opinion DYOR

[Panda-NZ-]

Maybe renewables can command a premium if fossil feuls remain elevated.

Who wants to rely on a resource where this is happening:

https://tradingeconomics.com/commodity/coal

[JBmurc]

Could be a hiccup if the War in Ukraine finishes soon(I hope so). But I think this could be another op to get in,top up as the demand/ supply prob was entrenched well before the war started due to years of underexploring partly due to environmental pressure.

Crazy huh as it takes alot of conventional energy to build solar,wind,ev's etc.
We are so far behind reducing pollution that it will take something like banning cars in built up areas to start getting real change.
Just my opinion DYOR

We had Energy issues prior to Ukraine ... and after ..... Russia will still have issues around O&G production.. with the Majors leaving along with their tech ..simple fact there hasn't been enough investment during the BEAR market years

Russia estimated its oil output could fall as much as 17% this year ...

EVs going take over we were told not going need oil in the future >>well thats not looking very good as along with poor investment in drilling more wells ...many Countries aren't building base load power plants ...solar wind farms just don't cut it ...along with EU nations shutting down Nuclear..

I'm sure we can all remember the BOOM in shale O&G production in the US turning the states from a net importer to actually being ableto export some energy fuels >>>but thats changed
US oil production never recovered from the price slump(Neg price) - that's the thing with fracking - you have to keep investing in new wells or production slumps. Not like Saudi Arabia, where they just have to turn some valves to increase production.....


Issues with Green Energy....
https://www.youtube.com/watch?v=N-yALPEpV4w&t=8s

[Joshuatree]

Same page but i said it first ....with less words

[ynot]

Maybe renewables can command a premium if fossil feuls remain elevated.

Who wants to rely on a resource where this is happening:

https://tradingeconomics.com/commodity/coal

Anyone that wants to recharge their fossil free car for the next decade or three. Renewables are not up to the job.

[nztx]

A fair bit of nasty weather from TC Agatha blowing through Cuba in recent days, I see:


https://www.bbc.com/news/world-latin-america-61688827

https://www.voanews.com/a/floods-kil...-/6603144.html


Might hold things up a bit for MAY's drilling program

[Panda-NZ-]

Anyone that wants to recharge their fossil free car for the next decade or three. Renewables are not up to the job.

Neither are fossil feuls given the price hikes and shortages.

[ynot]

Neither are fossil feuls given the price hikes and shortages.

Well then I guess its pay the price or get on your bike.

[nztx]

ASX: MAY:

https://cdn-api.markitdigital.com/ap...df02a206a39ff4

Zapato-1 Update

* 1233 m towards (Not far off half way) to Target Structure
* Prospective 95m Barrels (Best Estimate)
* Heavy rain in vicinity of Drilling has not interfered with Drilling Operations to date

[nztx]

Well then I guess its pay the price or get on your bike.

Might be a Wind Powered trolley that needs to be pushed up to the top of the nearest hill when brisk Southerlies are howling through

The Road Works team at the bottom may have signed an offtake deal for some rapid foundation
digging work when no-one else is on site .. Crude Energy at Work - folks .. No oil needed