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#Post#: 4475--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 11, 2016, 1:42 pm
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[center]Coalition airstrike destroys Islamic State oil and gas
plant in Syria (with video)[/center]
The Combined Joint Task Force released two videos on Wednesday
showing a coalition airstrike destroying an oil and gas plant in
Syria controlled by Islamic State.
The black-and-white videos shows aerial footage of a Combined
Joint Task Force airstrikes destroying the Daesh gas and oil
plant near Dayr Az Zawr, Syria on February 2.
The strike was intended to “disrupt and destroy” illicit oil
production at the plant, according to the video.
[center]
HTML https://youtu.be/xdxED1ZbG5U[/center]
The attack was just one of four airstrikes conducted against
ISIL by coalition forces in Syria on February 2, according to
the Combined Joint Task Force.
The strikes were conducted as part of Operation Inherent
Resolve, the coalition’s operation to eliminate the ISIL in
Iraq, Syria and the wider international community.
The Combined Joint Task Force has estimated that Islamic State
earns about two-thirds of its revenues through oil production,
Business Insider said.
Although it’s difficult to determine exactly how much oil IS
produces, the group was believed to control at least 60 percent
of Syria’s production capacity in late 2015, according to CNBC.
[quote]Syrian oil production has “essentially ceased” ;) since
ISIS and its affiliates began taking over the country’s
oilfields in 2014, according to the U.S. Energy Information
Administration.[/quote]
HTML http://petroglobalnews.com/2016/02/coalition-airstrike-destroys-islamic-state-oil-and-gas-plant-in-syria-with-video/
Agelbert NOTE: I guess the worldwide oil glut [I](EIA: U.S.
crude inventories above 500 million barrels for first time
ever.)[/I] threatening the profits of the "coalition" has
nothing to do with destroying facilities that were known to the
"coalition" OVER A YEAR AGO when they just could not find, for
some reason, these facilities until the Russians began "taking
care of business".
[center][img
width=300]
HTML https://sdbullion.com/sites/sdbullion.com/files/styles/item-zoom/public/product-images/Competition%20Is%20A%20Sin%20SDBullion.jpeg?itok=kCKuo8FT[/img][/center]
[center][img
width=100]
HTML http://pm1.narvii.com/5869/6a64193d6770c3afd17406c78686c0eda32ded1c_hq.jpg[/img][/center]
#Post#: 4478--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 11, 2016, 2:42 pm
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[quote author=MKing link=topic=6489.msg97286#msg97286
date=1455201367]
[quote author=RE link=topic=6489.msg97281#msg97281
date=1455193139]
Newz Flash. This isn't the early 90s, its a quarter century
later.
[/quote]
Correct. The 90's in the oil business was after a worse crash,
dating back to 1986.
HTML http://www.desismileys.com/smileys/desismileys_2932.gif
In a few years, when the boomers are shaken out, debt recycled
through the bankruptcy courts, when the dead weight workers have
moved on to window and car sales, and the existing production
taken over by those who know how to do the business when it is
work, hard, day in and day out, work, THEN it will be like the
90's.
HTML http://1.bp.blogspot.com/-TzWpwHzCvCI/T_sBEnhCCpI/AAAAAAAAME8/IsLpuU8HYxc/s1600/nooo-way-smiley.gif
We haven't even hit the big shake out/bankruptcy/mergers phase
yet. [/quote]
[center]
[img
width=640]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-100216204839.gif[/img][/center]
Hey MKing, in the 1980's, low oil prices crashed renewables. YOU
have been predicting REPEATEDLY here that the SAME "supply and
demand" mechanism will work for your oil pig pals again today.
You are wrong. Amory Lovins is right.
[quote]
HTML http://www.freesmileys.org/emoticons/emoticon-object-106.gifThose<br
/>who claimed low oil prices would crash renewables (other than
biofuels) were wrong.
HTML http://www.freesmileys.org/emoticons/tuzki-bunnys/tuzki-bunny-emoticon-028.gif[/quote]
Oil companies since 1860 and electric utilities since 1892 have
sold energy commodities—molecules or electrons—rather than the
services customers want, such as illumination, mobility, hot
showers, and cold beer. This business model means that when
customers use the energy commodity more efficiently to produce
the service they want, the provider loses revenue, not cost.
That’s bad for both electric utilities and hydrocarbon
companies, because most (and for oil, ultimately all) of the
commodity they sell can be displaced by far cheaper energy
productivity.
Over the past 40 years, Americans have saved 31 times as much
energy as renewables added. Those cumulative savings are
equivalent to 21 years’ current energy use. They’re simply
invisible: you can’t see the energy you don’t use. But globally,
it’s a bigger “supply” than oil, and inexorably, it’s going to
get much, much bigger.
Oil companies worry about climate regulation, but they’re even
more at risk from market competition. The oil that’ll be
unburnable for climate reasons is probably less than the oil
that’ll be unsellable because efficiency and renewables can do
the same job cheaper. An oil business that sputters when oil’s
at $90 a barrel, swoons at $50, and dies at $30 will not do well
against the $25 cost of getting U.S. mobility—or anyone else’s,
since the technologies are fungible—completely off oil by 2050.
That cost, like the $18 per saved barrel to make U.S.
automobiles uncompromised, attractive, cost-effective, and
oil-free, is a 2010–11 analytic result; today’s costs are even
lower and continue to fall.
In short, like whale oil in the 1850s, oil is becoming
uncompetitive even at low prices
HTML http://www.freesmileys.org/emoticons/tuzki-bunnys/tuzki-bunny-emoticon-022.gif<br
/>before it became unavailable even at high prices. ;D
HTML http://blog.rmi.org/blog_2016_02_01_as_oil_prices_gyrate_underlying_trends_are_shifting_to_oils_disadvantage
HTML http://blog.rmi.org/blog_2016_02_01_as_oil_prices_gyrate_underlying_trends_are_shifting_to_oils_disadvantage
#Post#: 4484--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 12, 2016, 7:13 pm
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[center] Maersk Drilling Sees Rig Overcapacity Lasting for
‘Foreseeable Future’ ;D [/center]
February 11, 2016 by Reuters
OSLO, Feb 11 (Reuters) – As much as one third of the global
offshore fleet of oil drilling rigs could be idled in 2016 as
energy firms scale back investments on the back of weak crude
prices, the head of Danish conglomerate A.P. Moller-Maersk’s rig
unit said on Thursday.
“I would probably estimate that we have in 2016 between 25
percent to one third of the fleet suffering from idle times,”
Maersk Drilling Chief Executive Claus Hemmingsen told Reuters.
“The current outlook for the oil companies bringing new projects
to the market is very uncertain and not very optimistic … there
will be oversupply in the foreseeable future,” he added.
Shares of some independent rig owners such as Norway’s Seadrill
have dropped by more than 90 percent in the last two years as
the price of crude plunged by around three quarters.
(Reporting by Ole Petter Skonnord, writing by Terje Solsvik,
editing by Gwladys Fouche)
(c) Copyright Thomson Reuters 2016.
HTML https://gcaptain.com/maersk-drilling-sees-rig-overcapacity-lasting-for-foreseeable-future/
#Post#: 4486--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 12, 2016, 7:23 pm
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[center]IEA: Crude supply, demand gap widening in 2016 [img
width=100]
HTML http://i.telegraph.co.uk/multimedia/archive/03366/wile_3366650b.jpg[/img]<br
/> [img
width=100]
HTML http://www.freesmileys.org/smileys/smiley-forum/popcorn.gif[/img][/center]
SNIPPET:
The International Energy Agency said Tuesday that it expects the
gap between global crude supply and demand to widen further this
year as OPEC continues to ramp up production.
The IEA said in its February Oil Market Report that it expects
global oil demand growth to “ease back considerably” this year
to 1.2 million barrels per day, down from a five-year high of
1.6 million bpd in 2015.
The decline is primarily driven by slowing demand in Europe,
China and the United States.
HTML http://petroglobalnews.com/2016/02/iea-raises-crude-supply-glut-forecast/
Agelbert Note: Yes Virginia there is a MAD SCAMBLE
HTML http://www.freesmileys.org/smileys/smiley-scared002.gif
going on
among oil pigs
HTML http://www.pic4ever.com/images/www_MyEmoticons_com__smokelots.gif<br
/>to contract floating storage, no matter what you may have hear
d
to the contrary. ;)
#Post#: 4493--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 12, 2016, 9:21 pm
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[center][img
width=640]
HTML http://i.telegraph.co.uk/multimedia/archive/03366/wile_3366650b.jpg[/img]<br
/>
[/center]
[center]U.S rig count plummets by 48 in big fall[/center]
Staff Writers February 11, 2016
The U.S. rig count plummeted by 48 rigs last week, one of the
largest weekly declines since the rig count began falling in
late 2014.
According to Baker Hughes, the number of oil and gas rigs fell
to 571 rigs as of February 5 after shedding 48 rigs, a
significant drop from the 1,456 rigs operating during the same
week last year.
The majority of the decline was tied to a 37 rig drop in the oil
rig count that pushed the number of U.S. oil rigs down to 467
from 1,140 rigs a year ago.
The U.S. gas rig count fell to 104 after losing 17 rigs while
the horizontal rig count sank by 29 to 458 rigs compared to
1,088 rigs last year.
The directional drill count dropped by five rigs to 53 and the
vertical rig count slid down by 14 to 60 rigs.
Texas once again posted the largest rig count drop of any major
state after losing 19 rigs last week, with four of those rigs
drops coming from the Eagle Ford basin and two rigs being
dropped in the Permian Basin.
Oklahoma posted an eight rig loss and Louisiana lost five rigs
last week.
Drillers in Pennsylvania shed three rigs while North Dakota,
Utah and Wyoming each lost two rigs.
Ohio booked a one rig loss last week.
Rig counts in Alaska, Arkansas, California, Colorado, Kansas,
New Mexico and West Virginia held steady from the previous week.
The Williston Basin, home of the Bakken shale play, saw its rig
count fall to 42 after a two rig drop, a significant decline
from the 137 rigs operating in the basin last year.
The Marcellus Basin lost three rigs last week and the Utica
Basin shed one rig.
The Gulf of Mexico saw its rig count slide down to 26 rigs after
a two rig loss.
Canada’s rig count jumped to 242 rigs after adding six gas rigs
and five oil rigs but was still shy of the 381 rigs drilling in
the same week of last year.
HTML http://petroglobalnews.com/2016/02/u-s-rig-count-plummets-by-48/
#Post#: 4507--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 15, 2016, 1:48 pm
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[center][img
width=640]
HTML http://www.carbontracker.org/wp-content/uploads/2014/05/synthesis-slide-website-03-01.png[/img]
[/center]
[center]Warning to Fossil Fuel Investors: Coal and LNG Markets
Shrinking Due to Competition From Renewables
HTML http://www.pic4ever.com/images/maniac.gifhttp://www.freesmileys.org/emoticons/emoticon-object-062.gif
[/center]
Paul Brown, Climate News Network | February 15, 2016 10:39 am
Investors in fossil fuels are being warned that they may risk
losing their money, because the markets for coal and liquefied
natural gas are disappearing.
In both cases it is competition from renewables, principally
wind and solar power, that is being blamed for the threat. The
cost of electricity from renewables continues to fall in Europe
and Asia as the numbers of wind and solar installations grow in
both continents, cutting demand for imported gas and coal.
Two separate reports on coal and gas were published at the same
time as a round of annual financial reports from oil companies
showed that this third fossil fuel could be in serious trouble
too.
Despite massive cutbacks on exploration and development,
companies like Shell and BP still need a price of US$60 a barrel
by the end of this year if they are to break even on many of
their current projects—almost double the current market price.
[center][img
width=100]
HTML http://pm1.narvii.com/5869/6a64193d6770c3afd17406c78686c0eda32ded1c_hq.jpg[/img][/center]
Long Lead-Time
Overproduction of coal, gas and oil spells trouble for investors
in mines, pipelines, ports and the other infrastructure needed
to transport fossil fuels round the globe. The cost of
development requires a long lifetime for the equipment and a
high long-term guaranteed price for the fuels if investors are
to get their money back.
The first report, Stranded Assets and Thermal Coal, found that
Australian and U.S. coal assets were the most vulnerable.
Australian mines were particularly at risk because of their
heavy reliance on exporting coal to markets that were rapidly
shrinking.
Australia exports three times as much coal as it consumes
locally, but two of the world’s largest markets for coal, India
and China, are cutting imports. India’s imports fell by 34
percent last year and China’s by 31 percent. Australia’s mines
were also seen as high-risk because of environmental regulations
and the widespread opposition to their development.
U.S. coal assets were risky because of competition from cheap
gas for the same markets. This meant exporting coal and
competing in a world market where there is already a significant
surplus.
In the Dark
HTML http://www.pic4ever.com/images/237.gifhttp://www.pic4ever.com/images/290.gif<br
/> [img
width=40]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-051113192052.png[/img]<br
/>
The report said company statements made it clear that investors
were not being given the full picture of the risks from
environmental regulation and policy.
Many countries pledged in the Paris agreement reached last
December to cut their coal use. If these pledges were kept, the
report said, then much of the coal currently shown as an asset
would have to be left in the ground.
A separate report, on liquefied petroleum gas (LPG), also raises
the possibility that investors may lose their money. The trade
is based on the fact that gas is cheap in the U.S. and expensive
in Europe, so the expense of liquefying it and transporting it
to Europe is offset. Large investments are being made in the
pipelines, ships and ports required to transport it.
There are two problems outlined in the report, LNG and Renewable
Power. The first is that the price of gas, which is tied to that
of oil, has dropped in Europe, squeezing the margins of the
companies that are spending large sums setting up the supply
line.
No Recovery
HTML http://www.pic4ever.com/images/www_MyEmoticons_com__smokelots.gif<br
/> [img width=30]
HTML http://www.pic4ever.com/images/245.gif[/img]
The second is that the market for gas is itself shrinking as the
output of the solar panels and wind farms increases. Unless gas
investors can see a long-term return from a stable market they
will not make a profit and LPG becomes high-risk.
Predictions on the future of fossil fuel investments all hinge
on the price of oil. With big oil companies—and many
countries—needing the current price to double to more than $60 a
barrel to break even on their current investments. Everybody in
the business believes it is only a matter of time before prices
double again.
Paul Spedding, former global co-head of oil and gas research at
HSBC, an adviser to Carbon Tracker, said he believes the price
of oil may never recover
HTML http://www.eco-business.com/opinion/is-oil-becoming-stranded/.<br
/>
HTML http://www.desismileys.com/smileys/desismileys_0293.gif<br
/>Structural changes in the energy markets, more efficient
electric cars, batteries and hybrid solutions no longer favor
oil. The European Union for example is already reducing its
demand by 1.5 percent a year.
Similar drops can be expected elsewhere as governments strive to
meet their targets under the Paris agreement. If that happens,
an oil surplus will become the new normal and investors in major
oil companies will face a difficult future. ;D
HTML http://ecowatch.com/2016/02/15/warning-fossil-fuel-investors/
Agelbert Comment: Of course. It is refreshing to see that more
and more people can add and subtract properly. Fossil fuel
industries are Welfare Queens that have been propped up by
subsidies. Renewable energy technologies would have eaten them
alive long ago if the subsidies weren't keeping them from going
bankrupt while they continue to pollute the biosphere. We need
fossil fuels like a metastatic cancer.
Renewable is the cheaper energy option without fossil fuel and
hidden nuclear subsidies.
HTML http://renewablerevolution.createaforum.com/fossil-fuel-folly/fossil-fuel-subsidies-in-the-u-s/msg3369/#msg3369
The Smart Money Is Going Green
HTML http://renewablerevolution.createaforum.com/renewables/the-big-picture-of-renewable-energy-growth/msg4401/#msg4401
[center][img
width=640]
HTML http://rlv.zcache.com.au/stranded_assets_mouse_pad-r5897870d8d694c808afcbd66cd150ebe_x74vi_8byvr_324.jpg[/img]
[/center]
[center]For you investors in fossil fuels that are losing your
arse, all is not lost. Oil Rigs and infrastructure provide GREAT
SCRAP IRON PROFIT opportunities.[/center]
[center]
HTML http://www.pic4ever.com/images/looksmiley.gif
[/center]
#Post#: 4526--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 17, 2016, 7:51 pm
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[center]Shake up at the top: Mexico president fires Pemex CEO,
appoints cost cutter[/center]
Staff Writers February 17, 2016
Mexican president Enrique Pena Nieto fired Pemex CEO Emilio
Lozoya on Monday as part of an effort to overhaul the
state-owned oil company.
According to Reuters, Lozoya will be replaced by Jose Antonio
Gonzalez, who has served as the director of Mexico’s Social
Security Institute since 2012.
Gonzalez is planning to trim costs at the company as part of a
broader effort to cut government spending that is being
spearheaded by finance secretary Luis Videgaray, the Agencia EFE
said.
Gonzalez said that he plans to meet with union representatives
to discuss possible cost cuts and added that a cost cutting plan
may “not necessarily” have to include job cuts.
According to Forbes, Pemex has seen its oil production dip 12
percent from 2012 to 2015 while its net debt skyrocketed from
$6.1 billion to $15 billion during the same period.
Pemex booked a $20.75 billion net loss for the first nine months
of 2015, a 138 percent jump over the same period in 2014, EFE
said.
The company has also dealt with a string of deadly accidents at
its production and refinery facilities over the last year.
Earlier this week, three workers were killed and at least seven
others were injured after a blaze broke out on the Abkatun A
Permanente processing platform in the Bay of Campeche, less than
a year after seven people died during a fire at the same
platform.
Two workers died when a platform leg collapsed during
maintenance work at the company’s shallow water Abkatun-Pol-Chuc
oil field in the Bay of Campeche last May, just about six months
after a fire at the Pemex operated Lazaro Cardenas refinery in
Minatitlan killed five workers.
Pemex is also contending with new private and international
competition after Mexico’s government agreed in August to open
up the country’s energy sector to private investment, ending the
company’s 75 year monopoly.
However, the country’s first ever oil and gas block auction for
private and foreign investors was met with little enthusiasm in
July, with only two of the 14 blocks on offer being picked up.
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714191258.bmp<br
/>
The government is hoping that tweaks to its tender contracts
help attract more interest in its blocks.
HTML http://petroglobalnews.com/2016/02/mexican-president-fires-pemex-ceo/
#Post#: 4527--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 17, 2016, 8:06 pm
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[center]Saudi Arabia, Russia agree to production freeze
HTML http://www.freesmileys.org/smileys/smiley-scared002.gif
[img
width=30]
HTML http://www.pic4ever.com/images/245.gif[/img]
[/center]
Staff Writers February 16, 2016
Saudi Arabia and Russia reached a preliminary agreement on
Tuesday to hold production at current levels as major oil
producers consider ways to alleviate a global oil glut.
According to Reuters, representatives from Saudi Arabia, Russia,
Venezuela and Qatar reached the deal after meeting in Doha to
discuss possible solutions to low oil prices.
All four countries have agreed to hold output at January levels
as part of the preliminary deal.
However, the deal hinges on other producers signing on, a
condition that may be complicated by Iran’s push to boost crude
exports.
Venezuelan Oil Minister Eulogio Del Pino told reports that he
expects further talks to be hosted with Iraqi and Iranian
officials later this week.
Saudi Oil Minister Ali al-Naimi said he believes the production
freeze would be an adequate measure to support prices and bring
supply in line with demand, Reuters said.
“The reason we agreed to a potential freeze of production is
simple: it is the beginning of a process which we will assess in
the next few months and decide if we need other steps to
stabilize and improve the market,” Naimi told reporters.
No timeline for implementing the production freeze has been
disclosed yet. [img
width=30]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-280515145049.png[/img]<br
/> [img
width=30]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-051113192052.png[/img]<br
/>
Iranian representatives were not present
HTML http://www.pic4ever.com/images/4fvfcja.gif
for the Doha
discussions and have not indicated that they will cooperate with
any production freezes.
Iran is hoping to boost production after striking a deal with
Western powers that rolled back crude sanctions that had limited
exports to about 1 million barrels per day since 2012.
According to data provided by OPEC, Iran currently produces
about 3.11 million barrels of crude per day.
HTML http://www.pic4ever.com/images/290.gif
Saudi Arabia saw production tick down by 50,000 bpd to 10.1
million bpd in December, marking the ninth consecutive month the
oil rich kingdom has pumped over 10 million bpd, according to
Platts.
Overall OPEC oil production fell by 130,000 bpd to 32.28 million
bpd in December from 32.41 million bpd in November on lower
production levels from Iraq, Nigeria and Saudi Arabia.
Production figures for January have not been released yet.
[quote]
The International Energy Agency said earlier this month that
even if OPEC production remains flat it still expects an implied
stock build of 2 million bpd in the first quarter of 2016 and a
1.5 million barrel per day build in the second quarter of 2016.
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714191258.bmp<br
/>
[/quote]
HTML http://petroglobalnews.com/2016/02/saudi-arabia-russia-agree-to-production-freeze/
[center]
[img
width=100]
HTML http://www.freesmileys.org/smileys/smiley-forum/popcorn.gif[/img][/center]
#Post#: 4532--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 18, 2016, 6:55 pm
---------------------------------------------------------
Agelbert NOTE: Centrica is a Fossil Fuel Pig. The sooner they go
bankrupt, the better.
UK cuts: Centrica slashing another 3,000 jobs
Nicolas Torres February 18, 2016
UK-based Centrica said Wednesday that it will cut another 3,000
jobs as part of a broader cost cutting program.
The company said it will reduce its direct headcount by about
3,000 roles in 2016.
Details about the layoffs have not been disclosed yet.
Those cuts are in addition to the 2,000 role reductions Centrica
previously announced.
The layoffs are part of a $1.07 billion cost efficiency program
that is on track to be completed by 2020.
Centrica said it expects the program to deliver savings of about
$287 million , or £200 million, in 2016 and said it also on
track to deliver about $718 million in yearly savings by the end
of 2018.
The company reported $1.23 billion in full year adjusted
earnings for 2015 on $40.23 billion revenues compared to $1.29
billion in full year adjusted earnings on $42.24 in full year
revenues in 2014.
Centrica booked $2.09 billion in full year adjusted operating
profit, a 12 percent year over year drop, and an adjusted
operating cash flow of $3.23 billion, up 2 percent over the
previous year.
Chief executive Iain Conn said the company’s current projections
indicate it can “more than balance sources and uses of cash flow
out to 2018” at flat real commodity prices of $35 per barrel of
Brent oil, 35p/therm UK NBP gas and £35/MWh UK power.
“2015 provided a very challenging environment for Centrica.
Commodity prices continued to fall during the year, creating
major challenges for our E&P and nuclear power businesses… In
addition, the actions we have taken since the start of 2015 on
the dividend, capital expenditure and costs mean the Group is
robust in this much lower oil and gas price environment,” Conn
said.
Conn added that, if low prices persists beyond 2016 [img
width=50]
HTML http://rs165.pbsrc.com/albums/u55/BJ_BOBBI_JO9/Summer%20and%20Spring%20activties/sterb038.gif~c100[/img],<br
/>Centrica has the “flexibility” ;) to trim its E&P capital
expenditure further to the bottom end of its $574 to $861
million range.
HTML http://1.bp.blogspot.com/-TzWpwHzCvCI/T_sBEnhCCpI/AAAAAAAAME8/IsLpuU8HYxc/s1600/nooo-way-smiley.gif
[center]
[img
width=240]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-090315203150.png[/img][/center]
HTML http://petroglobalnews.com/2016/02/centrica-cutting-3000-jobs/
#Post#: 4536--------------------------------------------------
Re: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!
By: AGelbert Date: February 18, 2016, 7:45 pm
---------------------------------------------------------
[move][font=courier]Polluting NONbiodegradable Petroleum Based
Plastics REPLACED by Fungi! [/font][/move]
[center]
HTML https://youtu.be/jnMXH5TqqG8[/center]
[center]This is just one more step in the elimination of fossil
fuels from human civilization. ;D [/center]
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