Scotland has been transformed in the last 50 years by the black gold pouring out the North Sea.
But as voters prepare to go to the polls next month are we witnessing the first ‘post-oil’ election?
Me with for this week’s FT Magazine
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Horrific scenes as second earthquake, reported to be as high as magnitude 7.5, hits southern Turkey.
Here, a news crew in Diyarbakir captured the moment another residential building collapses amid the tremors.
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Those commie sovereign bond traders at it again
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So I think we can say that shooting down the balloon was never really an issue?
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Here’s a video from my high school English teacher of the balloon being shot down over South Carolina. (Thanks to Mrs. Ellis for being a great teacher and for sending video of the live news!)
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Then one of the finest solo Scotland tries there’s every likely to be. Casually handing off 18+ stone of English beef after evading another ~4 tackles
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I’m used to my teams disappointing. But in one glorious 15 minute period today suddenly there was a surplus of worldies. First Hearts just casually scoring from their own half…
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Looks likely but doubt it’s near the balloon’s elevation - the Combat Sent’s max is ~35,000 feet. The balloon is at ~66,000.
But as it’s sister planes can monitor Russian activity in Ukraine by circling the Black Sea it likely doesn’t need proximity… beyond sending a message
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I filmed this plane flying near it briefly too — but also difficult tell actually how close the two were because of my distance on the ground. @KOMUnews
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US appears to be tracking the balloon - and capturing any signals it sends - with a Combat Sent - very similar to the Rivet Joint planes the UK has flown near Ukraine to monitor Russian capabilities (and that the Russians ‘accidentally’ fired a missile near in October)
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In the recent area of the apparent Chinese surveillance balloon, "The RC-135U Combat Sent provides strategic electronic reconnaissance information to the president, secretary of defense, Department of Defense leaders, and theater commanders."
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They'd also probably get shot, granted.
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If the US had a proper tabloid press someone in a chicken suit would be marching around the Pentagon perimeter right now goading them into it.
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Forbes going for the "I bet you couldn't take the balloon down even if you wanted to" approach
Basically the US is chicken
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EU agrees price caps on Russian oil products - $100/bbl for diesel (vs. about $110-$120/bbl market price) ft.com/content/677d71 w/ and
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And the previous Ofgem CEO was on the radio earlier saying Ofgem couldn't do this sort of investigation. And in my head I was screaming I USED TO WORK IN FUCKING JESSOPS AND EVEN THEY DID UNDERCOVER INVESTIGATIONS CALLED 'SECRET SHOPPERS'.
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The US may not need to bring it down for national security reasons.
But we shouldn't rule out the fact that it might look really cool.
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What would actually happen if they did shoot the balloon?
Looking at it I feel like a 12-year old with a deodorant can and a lighter.
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Anyone got a league table of the biggest market cap wipeouts triggered by short-seller research?
This has got to be close to the top in $$ terms.
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MARKET VALUE OF 7 LISTED ADANI FIRMS FALL BELOW $100 BLN, VS $217 BLN BEFORE THE HINDENBURG REPORT
- PiQSuite.com/Suite2
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E.on, the second largest U.K. household energy supplier, joins British Gas in suspending all forced installations of pre-pay meters including switching smart meters to pay-as-you-go (unless the customer requests it).
ft.com/content/992705
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Shell profits more than double to record $40bn
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I don't really blame traders. Russia seems to love selling cheap oil.
But possible we're stumbling into a "cried wolf" situation here, given earlier threats didn't materialise.
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The oil market is no longer buying the threat of Russian supply disruption (which arguably remains very real)
Diesel prices down >6% today - falling much faster than crude - despite only 4 days until EU sanctions/G7 price cap starts targeting Russian refined fuel exports
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Greenpeace activists boarded a vessel this morning in the Atlantic carrying a massive Shell FPSO to its Penguins oil filed offshore Shetland.
The footage here, provided by , is pretty wild
story: enterprise-sharing.ft.com/redeem/ac812d9
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The state of New Mexico (population 2.6 million) is now producing more oil than the country Mexico (population 126.7 million)
Mexico is a member of Opec+ and not that long ago relied on oil revenues for a third of federal budget
ft.com/content/ce6d6c
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The backstory of the FSO Safer and its 1 million barrel cargo is here in ’s definitive piece
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WANTED - One VLCC supertanker to help avert a possible environmental catastrophe off Yemen
This is a genuine appeal orchestrated by Lloyds List on behalf of the UN
Will the shipping industry step up?
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If any of our followers can help with the below, please contact Richard Meade @Lloydslisted
An urgent appeal to the shipping community: Help the UN avert catastrophe in Yemen list.maritimeintelligence.informa.com/articles/2023/
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BP trims oil & gas demand in closely-read Energy Outlook. In “New Momentum” scenario reflecting current policy, oil 5% lower in 2035 (gas 6% lower) than it forecast last year, as countries switch from imported hydrocarbons to more domestic renewables
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The Darvel manager was getting ripped for this before the game. Too American. Too Braveheart. More ‘Friday Night Lights’ than a Monday night Scottish Cup tie
Guess he’s laughing now
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Darvel might be an amateur Scottish club but that last 5 minutes of game management genuinely one of the most professional I’ve ever seen. Held it in the corner for almost the entirety of injury time, punting it off hapless Aberdeen players
Cup giant killing at its best
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5pm-6pm is the peak as people are getting home from school/work but offices, shops and factories etc. are still very much open, so you’d expect to see demand rise. It’s about the scale of the increase and whether that was successfully curbed to avoid undue pressure on the grid
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During National Grid’s demand reduction run, from 5pm to 6pm, demand actually rose from 43.8GW to 44.8GW
But that doesn’t mean it was a failure IF (as I suspect) the increase would have been even larger without the measures taken
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Pumped storage giein’ it laldy - supplying as much electricity to U.K. grid as imports from France
More of this, please. It’s not perfect (it’s a net energy consumer) but it’s tried and tested and remarkably simple as a means of storing excess electricity for when you need it
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As National Grid starts its first official we’ll-pay-users-to-reduce-demand run at 5pm, this is the snapshot of UK’s generation mix
Low carbon sources like wind and nuclear still meeting almost a third of peak demand, but fossil fuel generators running hard
Lots of imports too
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When you sell-off much of the social housing stock but then realise it’s politically untenable to leave the next generation of lower income families homeless or to have the housing market pop… guess this is what you get
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One of the paradoxes of British politics is how a country with such hostility to welfare spending and such an obsession with private home ownership can carrying on spending far more on social housing than any other advanced democracy twitter.com/J_Elliott94/st…
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You can link it to whatever you like. But you can't dictate what the discount will be.
If the only way to move your barrels is to flog them to India at $40 a pop, that's the price
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***RUSSIA MAY LINK ITS URALS OIL PRICE TO BRENT OR DUBAI - Vedomosti reports
Me: funny old way to dedollarise lulz...
#oott #oil #crude #brent #russia
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Vladimir Putin is losing the energy war
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#Poland’s prime minister says he has ordered a secret services report after three divers were rescued from the Baltic Sea near the key oil port of Gdansk.
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Andy Murray’s career explained in a single point. Oh my goodness!
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Russia made $168bn in energy sales last year, allowing Putin to laugh off the oil price cap.
But energy prices are falling and Urals crude is trading at a bigger discount, likely forcing Russia to tap its reserves or slash spending.
by :
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