Basically we're getting to the stage of the energy transition where everybody looks to monetise their carbon intensive assets/reserves as soon as possible before the music stops. It's all hastened by the looming fact you will be left with reserves in the ground valued at $0.
I've posted a lot over at the other place over the last two years about how 'last mover disadvantage' should take over at this point of the energy transition. Plenty of action from the Shells, BPs, Exxons etc, but now Aramco really going for it too: www.ft.com/content/1d18...
Oil price falls as kingdom prepares to raise output from December
Mystery solved for anyone that cares (it wasn't a mystery, I just wasn't paying attention): www.reuters.com/business/ene...
Ukraine has agreed to transit Azerbaijani gas to Europe as a temporary measure after it ends a transit deal with Russia, even though it expects some Russian gas will be included in the volumes, the Ukrainska Pravda news outlet said on Thursday.
Who wants to tell me what the hell happened to gas prices at around 1pm, because I don't have a clue. 10% price drop in about 15 minutes.
Great article. Love the phrase of considering capital as the "fuel" in renewables development and viability. heatmap.news/economy/fede...
Let’s run some numbers.
I realise gas prices jumped yesterday (the quite mad geopolitical stuff in Lebanon kicking into trading algos?) but as an update to my below post, Norwegian maintenance definitely receding on schedule. Markets soon to be in 'where the hell are we going to put this gas' mode.
I had boiled it down to an e-niro vs a Kona, but once I read they are exactly the same platform, but you get much more space in the Niro, then the functionality won it.
But what if I already have furious opinions about stuff?
Later this week I will officially become an EV driver. Does anyone know when the welcome ceremony typically happens after delivery? I assume it involves trumpets, a marching band of sorts, maybe a poem read by Greg Jackson? I suppose I'll have to notify the neighbours about the noise.
This is where European storage is. As Norwegian production continues to come back online, the white line is likely to get above the orange line. The odds of that are reflected in today's price moves IMHO.
