Roberta Builder
3.1K posts
Roberta Builder
@roberta_builder
30-year professional invester, US Equities. Breakout investor.
Escaping WWIII Joined Mart 2023
310 Following96 Followers
@SarahLudford @FUDdaily We have a fuel crisis, and they want to make journeys longer. You could make this up!
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3 London bridges are now closed to vehicles
Global city?
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@KemiBadenoch @Conservatives That would be 6 pence, including the VAT.
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Petrol prices keep climbing. But Rachel Reeves is still pushing ahead with a 5p rise in fuel duty.
Families and businesses can't afford to pay more petrol tax now.
That's why @Conservatives are campaigning to Stop the Fuel Tax rise so we can get Britain working again.
bbc.co.uk/news/articles/…
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@KathrynPorter26 @ret_ward @KemiBadenoch Yes, and due to advances in technology, we can now extract more oil from each well.
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Do you think people who are mature are not worth bothering with? The NHS would certainly save £££ if we stopped treating them when they get sick, I mean, why bother since they'll be dead soon anyway 🤔
See how stupid that argument is
Being mature does not mean useless. There's a lot more oil and gas we can extract with major economic benefits to the UK
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I an afraid @KemiBadenoch doesn’t understand where oil and gas comes from. The U.K. has been a net importer of natural gas since 2003 and U.K. production declined significantly when @KemiBadenoch was in government because the North Sea is a mature basin.
Sky News Politics@SkyNewsPolitics
"This government doesn't understand where money comes from" Speaking to Sky's @AliFortescue, Tory leader Kemi Badenoch says the government need to drill in the North Sea instead of buying from Norway to drive growth
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@KathrynPorter26 @ret_ward @Conservatives Let's get the definition correct. CO2 is not pollution it is plant food.
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No, you're the one who's wrong
The UK would be better off with climate change. Cold kills more people than heat...on average 6000-8000 people die prematurely in the UK every winter due to fuel poverty
That might not be a reason to pollute without limit but it's false to claim we'd be worse off
Globally the UK is responsible for 0.8% of emissions so it makes zero sense to make fuel poverty worse and destroy industry in pursuit of climate policies that make global emissions worse eg the drilling ban in the North Sea
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This is wrong. People trust scientists instead of politicians because they are straight with them. The U.K. will suffer growing impacts from climate change until the world reaches net zero. We will not persuade the world to reach net zero if like @Conservatives we give up on it.
Claire Coutinho@ClaireCoutinho
This is what people hate about Net Zero fanatics. They would rather hit made-up targets, even if it makes actual climate change worse. Using dirtier imports rather than using our own is bad for our economy and it’s bad for the environment. We need to get back to common sense.
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Roberta Builder retweeted
UK 10Y bond yields in the danger zone. Yet the Government won't sanction new drilling in the North Sea to produce our own energy, create jobs and generate tax revenue.
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Roberta Builder retweeted
I have spent 35 years in the energy sector and know personally many of those currently influencing UK energy policy. The following is based on direct discussions with those involved.
There are three reasons given publicly by those resisting maximising North Sea oil and gas output, and a fourth reason which is never stated publicly but is in private.
The publicly given reasons are as follows. First, that reviving North Sea output would make no economic difference as it would not directly bring down oil or gas prices. Those who make this argument, in my experience, know full well that it is nonsense as it ignores the economic benefits provided by home produced oil and gas production via tax revenue, jobs, and the balance of payments. And it may well be wrong in terms of the gas price as well given that the UK does not have unlimited export capacity.
The second publicly given reason is that the UK would risk its leadership position in combating climate change and therefore other countries would be less likely to follow us down the net zero path. But as the Tony Blair Institute recently pointed out very few countries find the UK example an attractive one to follow. The UK has industrial electricity prices 2 to 4x more expensive than our competitors and that is directly killing whole swaths of industry. Whilst I know a few people who still adhere to this argument, in my experience, most people in charge of energy policy now recognise that this is a very weak at best.
The third publicly given reason is that reviving the North Sea might delay the adoption of renewable energy. This is a very bizarre argument given that even under the most aggressive decarbonisation plans the UK will still need very large quantities of gas and oil well into the 2040’s and indeed beyond. It is worth noting that in 2024, according to govt figures, 74% of the primary energy used in the UK came from fossil fuels. In 2015 this figure was 83%. So despite the investment of £100’s bn we are still overwhelming dependant on oil and gas.
The people that I know accept in private that the three arguments above are very weak. So what is the real reason many of them are still so hostile to getting some more resources from the North Sea?
What they say privately is this - the aim since this govt was elected has been to push the North Sea to the point of no return by the time of the next election.
What concerns them is that a future Conservative or Reform govt will seek to fully revitalise oil and gas output and abandon the renewables rollout.
But if the infrastructure and skill base of the North Sea is sufficiently eroded by 2029 this would be impossible. The plan is to force any future govt to carry on with the rollout of renewables as this would represent the only viable domestic energy source.
So just as the 2009 Climate Change Act tied the hands of future govts, the aim to remove the option of reviving domestic oil and gas production from the table.
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@calvinfroedge This is now way better timing vs. when you got bullish in January. Still a little early for me.
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@SBarrettBar This is an old interview. This Biology A'level basics. My A'level project was to study the effect of different concentrations of CO2 on stigmata opening. This was 35 years ago.
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Ofcom entertained rude complaints about me over this
CO2 is just plant food
You total whackjobs.
Electroverse@Electroversenet
Physicist William Happer and MIT's Richard Lindzen just went on the Joe Rogan podcast. For once, real physicists, not activists, got mainstream airtime. "The theory that CO2 is the climate's control knob doesn't work," said Happer. He added that Lindzen and others could have made far more progress "if they hadn't been forced to deal with this CO2 cult." Rogan agreed, himself calling the movement "religious" and "cult-like." Most activists don't understand the science, they just repeat what fits their ideology and parrot the failed forecasts made by bad actors. But the tide is turning, and the science is finally being heard.
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British Royal Navy will take the lead in forming an alliance to reopen the Strait of Hormuz — British Times
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@DavidGHFrost @DieterHelm Riddle me this.
Is it cheaper to run an ICE car and an EV car or just an ICE car.
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Read the full piece by @dieterhelm.
You still need lots of those things (and nuclear) because the sun isn't always shining and the wind isn't always blowing.
Tony Juniper@TonyJuniper
@DavidGHFrost @LordLucasCD @Dieter_Helm The other simple thing to add is that while the shift to renewables requires more installed capacity & storage, it doesn’t require an endless supply of gas, oil & coal.
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OK. I have gotten some guff—it was called "fear porn"—for a tweet so let me bounce this idea off y'all from a slightly elaborated model:
1) private equity is in big trouble because they are loaded with bullshit that is not marked to market and big players are beginning to panic.
2) The redemptions are rolling in above the standard contractual limit of 5% per quarter (up to 7%).
3) To cover the early redemptions PE sells the good stuff that has a market value.
4) As the garbage gets more concentrated in the funds, PE is taking on debt to cover redemptions. So you have more debt and more dregs.
5) For me, the shakiest part of my understanding is that the creditors (banks) will be senior, which means they get paid first.
6) Ergo, the late comers will be pulling from a fund in which mark-to-market is zero or even negative.
What is wrong or missing from this description?
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@KathrynPorter26 @HarrietCross_MP @LoftusSteve @Conservatives Riddle me this, is it cheaper to run and ICE car and an EV, or just an ICE car?
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Government policy is to electrify heating through the installation of 600,000 heat pumps per year
At that rate it would take 47 years to upgrade all UK homes
Clearly we're going to need oil and gas for decades to come
So what is the government's plan to secure these supplies?
There literally isn't one. Make them admit it!!
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Today @conservatives are bringing a vote in the Commons to end Labour's mad oil & gas policies.
We will vote to:
☑️End the ban on new licences.
☑️Scrap the EPL oil & gas mega tax, which drives investment abroad.
☑️Get Rosebank & Jackdaw permitted.
☑️Protect our energy security.
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@DavidGHFrost @Dieter_Helm This has been obvious for ever.
Riddle me this, is it cheaper to run an ICE car and an electric car or to run just an ICE car.
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In his latest blog, @Dieter_Helm explains in simple terms why the current renewables-heavy electricity grid is always going to be expensive: 👇
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@KobeissiLetter @SheDrills Yea, it's NOT going to happen.
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BREAKING: The Trump Administration has begun "initial discussions" on what a potential peace deal with Iran might look like, per Axios.
US officials are planning the below terms:
1. No missile program for five years
2. Zero uranium enrichment
3. Decommissioning of the reactors at the Natanz, Isfahan, and Fordow nuclear facilities
4. Strict outside observation protocols around the creation and use of centrifuges and related machinery that could advance a nuclear weapons program
5. Arms control treaties with regional countries that include a missile cap no higher than 1,000
6. End of financing for Iranian proxy groups
US officials said the expectation is there will still be 2-3 additional weeks of fighting and Trump's envoys Jared Kushner and Steve Witkoff are involved in the discussions.
Step #9 of our "Conflict Playbook" is near.
The Kobeissi Letter@KobeissiLetter
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My theory is that people in western governments and money management institutions tend to fail upwards
HeyMan800@HeyMan800
Big shout out to the activists at Elliott Management that convinced Southwest Airlines management to stop hedging fuel costs.
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@hkuppy Exactly, the TACO crowd don't seem to realise that it takes two to tango.
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Trump can TACO, burrito and chimichanga, but nothing will open Hormuz unless Iran wants it open. We can’t go home with Hormuz shut and missiles raining down on our friends. The only way out, is through Iran..
As scary as that sounds, I think we’re going to mobilize serious boots on the ground. That takes 6+ months. No one’s portfolio is positioned for half a year of this chaos…
Kuppy@hkuppy
They had all weekend to think something up. The best they could come up with is sailing into a turkey shoot… Think it’s time to accept the obvious. Hormuz opens when the Iranians want it to open. Only way Trump can force the issue, is troops on the ground, but we need a force projection that is Gulf War 1 or larger in scope to do this. That takes 6 months to assemble and involves calling up reserves. Does Trump dare to do this?? Can the world make it 6 months with Hormuz shut?? Feel damn good to be running long vol and lower gross. Gonna be a great opportunity to gross-up as this becomes apparent to everyone else…
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@BowesChay With that kind of customer service, Lufthansa will be one of the first....
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European airlines are facing a realcrisis and some are likely to go bankrupt.
From March 16 to 29, Lufthansa will implement a "reduced cleaning" concept on approximately 20 European routes. Toilets will only be cleaned upon request, and trash from seat pockets will be disposed of as needed. The number of cleaners who will selectively check the cleanliness of seats will be reduced from 4 to 2, according to an internal service note for Lufthansa crew.
They also plan to lay off 4,000 employees. "Cleaning as needed" is not the only innovation to reduce costs. Previously, Lufthansa canceled free seat reservations based on fares and reduced on-board meals - now economy class passengers only receive a miniature bottle of water and a piece of chocolate. In addition, the airline has become stricter in controlling hand luggage at the boarding gate. Excess baggage can be paid for on the spot using an online terminal.
GIF
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