Oil Oracle

@McFlavour7 @Eddystone506 It won’t, as there really isn’t much left in north sea

@Eddystone506 And fuck the environment? No thanks.

If Starmer had 1 g of political nous, he would order North sea licenses to be renewed. This wouldn’t reduce bills. But at least it would shut up the frothers who don’t understand this.

@Eddystone506 True

@janrosenow @AlJazeera Build renewable quicker and put bill on taxes and not electricity bills = huge boost to consumer confidence and business (extra tax returns pay for the renewable build )

Just spoke to @AlJazeera about the Strait of Hormuz energy crisis. Damage to production facilities will take years to repair, further price spikes likely. Govts can subsidise bills short-term but the only lasting fix is ending fossil fuel dependence.

@DespoticInroad The best bet would be to allow extraction in North Sea (and lower taxes), but the key would be to massively speed up renewable build up - pay for it on longer term contracts (dealt with by taxes and not bills)

The BoE will inevitably respond to an inflationary supply shock by raising interest %. Engineering a recession, making people poorer to quash demand will have ~0/negative effect on the fundamental cause of the problem – UK dependence on volatile international energy markets. Instead, BoE should halt QT, easing pressure on government borrowing costs + facilitate new bond issuance for GB Energy/NWF, focusing on a breakneck move towards UK energy independence/ abundance/ resilience through public-private investment in: 👉new N. Sea O&G extraction (the "there's none left" crowd should back themselves & lift the ban on new licenses if they actually believe their own claims – see @EdConwaySky's excellent vid.) 👉British nuclear/SMR rollout 👉British renewable tech supply chains/grid upgrades 👉Onshore shale gas exploration No Truss-style £150BN bills subsidy. Instead, a £150BN investment in the next half century of homemade energy production.

@KemiBadenoch @Conservatives She needs to get a grip on welfare, to be far to Rachel Reeves she did try early on but crumbled to those inside the party that don’t understand balancing the books (most of the Conservatives don’t either - look at the debt they built)

What is Rachel Reeves doing? She maxed out the nation’s credit card with record borrowing and runaway welfare spending. Now Britain is more exposed to global shocks and our debt costs are spiking. Only @Conservatives have a plan to cut spending and get Britain working again.

@edwinhayward Get some plug-in solar panels so I can reduce my future power bill

Say someone gave you £2,000. What would you spend it on? Simple Rules: 1. Can't pay down debt 2. Can't save it 3. Must spend it within 30 days 4. Other than 1-3, you can do anything

@BCResource @robin_j_brooks Peak at $165

@robin_j_brooks Ok, so what is your prediction? Like where do you think we will end up?

Oil at $150 or $200 isn't the no brainer it's made out to be. You have to think carefully about what's priced at $110. My best guess is that current levels price half of all oil out of the Gulf being permanently disrupted. So $150 or $200 are a stretch... robinjbrooks.substack.com/p/how-high-wil…

@BenGrahamUK They rented the buildings - their main mistake - and couldn’t cover rent increases as people shop more online

NCP has gone into administration. They’ve been running car parks since 1931, and somehow ended up £305m in debt. Surely the maintenance for a car park is simple: ticket machines, barriers, lights, and occasional cleaning. How can a business model literally based on people paying to park go bankrupt?

@MLiebreich It’s volatile but surprisingly low given the current crisis

Oil price in real terms since 1968. Discuss.

@GoldForecast $165

Oil will go to a range of $30 (David Hunter) and $200 (Martin Armstrong). Pick a dart...

@ZackPolanski How though?

This could have been avoided. Failure to insulate every home, end reliance on fossil fuels & decouple energy prices from gas left us exposed to energy shocks. Now we must act: Cap bill rises after June. End fossil fuel addiction. Lower bills, permanently.

@DeborahMeaden Bingo, it’s that last bit and people have to be wise enough to realise

It’s happening and I really don’t get the push against cleaner air, more secure and cheaper energy .. unless of course there are powerful lobbies paying to resist.

@BenGrahamUK The Korean model would have to be replicated, as they are far too expensive in recent U.K. experience

We need to build 10–15 nuclear plants. Britain becomes energy independent overnight, every home powered, surplus exported globally. No reliance on foreign suppliers. No vulnerability to price shocks. Lowest long term cost per unit on earth.

@bojakmarkets @vinodsrini_ What would you buy, if you could only buy 1, gold or silver or copper?

@vinodsrini_ This is the perfect time of buying the dip. If you know, you know.

Gold just dropped 5% in a single day. Silver down 10%. Mining stocks down 8 to 12%. Before you panic, understand what is actually happening here.

@Geiger_Capital $165

Jeff Currie on the price of oil… "This is the opposite of Covid. Get long, buckle your seatbelt and hang on for the ride."

@CollieTalking @Cmmonwealth @NewStatesman You buy gas on international markets, so they are naturally set by traders buying and selling decisions

@Cmmonwealth @NewStatesman Why wouldnt the sellers just immediately hike the price then if theres no competitiveness?

Today we argue the Government should pass “emergency legislation and instruct the National Energy System Operator to act as a single buyer of power”. This would decouple electricity prices from gas. Our latest report discussed in the @NewStatesman. newstatesman.com/politics/uk-po…

@ZCymru @johnmactravels @RedWallNews1 What’s ‘apostles’?

@johnmactravels @RedWallNews1 Just said the same on apostles, earnshaw has said in the past that they’re looking into it

I still find it baffling that he’s Earnshaw’s SON and can’t play for Wales 🤯

@ZombieRaider707 I he still a FA?

Raiders should kick the tires on Jadeveon Clowney. Cheap option for a productive Veteran Edge. You can never have too many pass rushers. #RaiderNation

@3RCM1964 @DaleVince There are already small wind turbines that people can connect in their gardens in many countries

@OilOracle @DaleVince You seriously think you'll be allowed to build one of these things and not connect to the grid? Free energy when they desperately need the tax? It will be like when people bought an EV which you now have to pay per mile!

Good move to democratise green energy, allow more people to build it and benefit from it. independent.co.uk/bulletin/news/…

@2147mill Sorry, what is DCA

@OilOracle DCA my friend

Keep going. Cash ready.