Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!
BTW, my fellow peakers, you'll love this quote from it:
Quote:
The next two-three years look like they will be an exciting time for the industry.
_________________ The other place that believes completely in the right to keep and bear arms, particularly to use against foreign invaders and tyrants is: Afghanistan.
It seems very strange for one side to say there is a 17.5% decrease whereas some say 6.7%. Someone has got their figures seriously wrong. From what I know BP rely on the figures released by the companies so that seems pretty credible to me. _________________ "The age of excess is over. The age of entropy has begun"
The Interconnector gas pipeline provides a strategic bi-directional link between the UK and Continental European energy markets.
Interconnector services allow customers to meet the physical demands for natural gas and reach new markets by trading between the two hubs.
The Frigg gas pipeline from Norway which is currently operational and which I missed out on my assessment.
The proposed Britpipe project from Norway which will account for 20% of Britains gas needs.
Quote:
The project is an integrated gas production and importation scheme that includes the subsea development of the Ormen Lange gas field (100km off the coast of mid-Norway) combined with an onshore gas processing plant and a 1,200km gas import pipeline to a receiving terminal at Easington, UK. The pipeline is routed via the Sleipner nodal platform, thus offering the flexibility of importing Ormen Lange gas to mainland Europe as well as importing gas production from other gas fields into the UK eventually supplying some 21 bcm p.a.
BBL company is working on a pipeline that will link the Netherlands and the United Kingdom. This pipeline has been given the name BBL (Balgzand Bacton Line) and will be built by
Gasunie Technology & Assets under the authority of BBL Company. BBL Company is a partnership of three subsidiaries of Gasunie Technology & Assets, E.ON Ruhrgas and Fluxys. The gas flow direction is from the Netherlands to the UK.
A PDF document on the expansion of the Isle of Grain LNG terminal.
A PDF document about the construction of the LNG terminals at Milford Haven. _________________ "The age of excess is over. The age of entropy has begun"
Joined: Sep 30, 2004 Posts: 975 Location: On one of the blades of the fan
Posted: Fri Jul 08, 2005 8:06 am Post subject:
I do find it a bit strange that we are told that the North Sea is a model of transparency, then get such differing figures.
RBS says in their June Report:
(which puts gas depletion at 16%)
MY bold
Quote:
Notes to Editors: Gas prices are provisional and sourced from DTI’s Quarterly Energy Prices. Oil & Gas output figures are provided by the operating companies. All other figures from Datastream. Gas production figures from Shell estimated using average production movements for the past 12 months.
So it would seem that BP and RBS are both going to the same source and getting let us say, somewhat variable figures.
PS Stu, you didn't get any proper Norwegian Frigging then, you poor sod
This is equivalent to just under 1.2 bcf/d. Which works out at 439 bcf/y. This makes a revised estimate of 3.5 tcf/y in 2010, not including the depleting UK reserves and discounting the possibility of the pipeline from Germany. All of the above however is speculation and will make the next few years very interesting. _________________ "The age of excess is over. The age of entropy has begun"
Eight retired ships' pilots have expressed serious safety concerns about plans to turn Milford Haven into the world's biggest importer of liquefied natural gas.
Yesterday the pilots released a statement they have made for use by campaigners, whose application for a judicial review of the decision to approve the pounds 600m scheme will be considered by the High Court later this month.
_________________ "The age of excess is over. The age of entropy has begun"
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Hmmmm.
