5 hours ago, lol-lol said:

The super massive Brent field known for being sweet and i understood that the strata that the North Sea is is light crude or gas.

Which fields have heavier fractions ?

Yes, Brent crude oil is ideal for producing diesel, so with the amount of diesel and petrol currently being used in the UK, it is indefensible to the UK government not to be exploiting the oil and gas under the North Sea. How on God's green earth can it be right or green that we import such fuels from Norway when Norway extracts its crude oil from the Brent field and then produces the petrol and diesel that we then buy from them and ship across the sea to the UK again?

If you ask me what the government is doing, it is virtual signalling that we are single-handedly saving the planet. We are not; all we are doing is to move as much manufacturing from our shores as is possible, along with jobs, all in the name of being green. When in reality all we are doing is moving the pollution that we would be making here to somewhere remote far from the UK, and thus making their pollution worse than it would be, and at the same time destroying communities here by the removal of well-paid jobs and increasing the unemployment figures.

The fact Brent Crude is known as a sweet oil just means that it is easier and more cost-effective to refine the fossil fuels, petrol, diesel and jet fuel than it is with other crudes, which is a direct result of it having a lower sulphur content, so it is considered to be of a higher quality and thus is more expensive and needs far less energy to refine and less processing to extract the fuels.

So it would kind of suggest that once again we are being sold the facts incorrectly, so in other words, more misconceptions?

Here is a link to the fact that Brent Crude is perfectly capable of producing petrol, diesel and all of the byproducts that crude oil is used for.
Brent Crude Oil: The mesmerising world of this black gold bonanza! | XTB

What is Brent crude? Global oil benchmark explained | CMC Markets

14 minutes ago, Graham Butcher said:

Yes, Brent crude oil is ideal for producing diesel, so with the amount of diesel and petrol currently being used in the UK, it is indefensible to the UK government not to be exploiting the oil and gas under the North Sea. How on God's green earth can it be right or green that we import such fuels from Norway when Norway extracts its crude oil from the Brent field and then produces the petrol and diesel that we then buy from them and ship across the sea to the UK again?

If you ask me what the government is doing, it is virtual signalling that we are single-handedly saving the planet. We are not; all we are doing is to move as much manufacturing from our shores as is possible, along with jobs, all in the name of being green. When in reality all we are doing is moving the pollution that we would be making here to somewhere remote far from the UK, and thus making their pollution worse than it would be, and at the same time destroying communities here by the removal of well-paid jobs and increasing the unemployment figures.

The fact Brent Crude is known as a sweet oil just means that it is easier and more cost-effective to refine the fossil fuels, petrol, diesel and jet fuel than it is with other crudes, which is a direct result of it having a lower sulphur content, so it is considered to be of a higher quality and thus is more expensive and needs far less energy to refine and less processing to extract the fuels.

So it would kind of suggest that once again we are being sold the facts incorrectly, so in other words, more misconceptions?

Here is a link to the fact that Brent Crude is perfectly capable of producing petrol, diesel and all of the byproducts that crude oil is used for.
Brent Crude Oil: The mesmerising world of this black gold bonanza! | XTB

What is Brent crude? Global oil benchmark explained | CMC Markets

As j said anything to do with oil is a massive finan ial rusk and one the last governments and this one have not been willing to take and even the big oil companies are leaving the North Sea leaving it to the smaller companies who are more suited to picking thd bones of the not much over 1B barrels that are left.

Yes there is a strategic dimension as we do need diesel for a few more years until it is replaced entirely as a traction use and kept as it should be just for chemicals etc use.

1 hour ago, lol-lol said:

As j said anything to do with oil is a massive finan ial rusk and one the last governments and this one have not been willing to take and even the big oil companies are leaving the North Sea leaving it to the smaller companies who are more suited to picking thd bones of the not much over 1B barrels that are left.

Yes there is a strategic dimension as we do need diesel for a few more years until it is replaced entirely as a traction use and kept as it should be just for chemicals etc use.

With the current global situation and its stability, that will come back to haunt them. If you have natural resources

that are useful, then each country having them has a duty first and foremost to its own citizens, and once they have the stocks that will secure their future for a while, should they release some of the resources to others?

25 minutes ago, Graham Butcher said:

With the current global situation and its stability, that will come back to haunt them. If you have natural resources

that are useful, then each country having them has a duty first and foremost to its own citizens, and once they have the stocks that will secure their future for a while, should they release some of the resources to others?

Its the cost of extraction from ever deeper water.

The Jackdaw gas field is already ready to go. Gas us much cleaner than crude / diesel etc.

The government know that wrong decesions, as greens, liberals etc would see it, means losing bielections hence a delay in even switching on Jackdaw.

Giving licences to companies to drill deep North Sea is risky with the uk government potentially have to pickup many millions of pounds ilkf clean up costs. If these two bit oil companies suddenly fold when oim drips below $70 a barrel, deckare bankruptcy, then the uk could be on the hook for massive cleanup cost. I think only if the hundreds of millions of clean up is insured ir money put on deposit only then should more rigs be allowed to be out in place.

On the other hand renewabke projects just get better and better. When wind turbines finish their useful life after a few decades the mounts are reused, an even better turbine is out in its place with several times the generating capacity as is currently happening, 1000 ft tall, even better ones. Power which can ve generated for centuries to come. Sokar panels being replaced with ones significantly more efficient and when perovksite panels come with improved will be staggering in good and poor light. Battery tech also improving exponentially with cost dropping like a stone with LFP and Na chemistry.

Compare that to the mess of oil extraction at sea. Miles more expensive than land based rigs. UK must be very careful how it controls any continental shelf oil extraction and ensure full life cycle of costs are obtained upfront.

The oil and gas in the British sectors of the North Sea is not Britain's or the UK,s to have. The licences to explore and to extract have been issued to others. The treasury does tax it though. Norwegian and Israeli companies, and Canadian and Americans own the product. It was Russians and they sold them on because they had to. Natural gas from the North sea sold to the UK and arriving into the UK does not come via pipes owned by the UK. Eg, Centrica / British Gas. And as far as the Forties pipeline for oil pushed along by gas. INEOS sir Jim boy Ratcliffe and Petroineos (PetroChina) own it. And it's damn old. Below FYI & a quick read , best check things out & know what is what as things stand now.

Edited 14 hours ago14 hr by Evolution13

I was aware that it is not operated by the UK. However, the fact still exists that the UK issues the licences to drill and extract the oil. So how is that possible that we issue licenses and collect tax on it unless we have a legal claim on it?

The Crown estate Scotland & Crown Estate England, Wales & Northern Ireland. So not your's or mine. So the leases / licences need to expire. But the Rigs, pipes and other infrastructure is owned by others on that Crown Estate Seabed. The UK Tax Payers are paying companies to decommission rigs etc. ................ I know this stuff without the need of internet searches and have since 1972 when my dad started working for Bristow & family went offshore, then school mates, and i worked for a business doing offshore fabrication. It is pretty much a topic that comes up in the North East of Scotland all the time since it is a major employer in the North East.

Edited 12 hours ago12 hr by Evolution13

Agreed but it still makes zero sense at the current time given all the other stuff going on and with many countries and Europe putting plans in place for possible acts of aggression on the horizon. Each of the decisions taken if looked at in isolation, look defencible. Now piece together those and see the negative effect if a bad player wanted to destabilise a country especially an island solely reliant on importing vital requirements?

All along bad decisions by the Westminster Government and no Sovereign Wealth Fund and using moneys to break the unions (Coal mining etc.) Supposedly no Oil & Gas left and no way could Scotland be Independent. Licences change hands but the UK is not buying them back or buying them out. It is like Hospital Car parks that were leased to companies on very long leases and had to be bought back at great cost to the general public or tax payers. Sometimes for many millions.

Edited 11 hours ago11 hr by Evolution13

1 hour ago, Graham Butcher said:

Agreed but it still makes zero sense at the current time given all the other stuff going on and with many countries and Europe putting plans in place for possible acts of aggression on the horizon. Each of the decisions taken if looked at in isolation, look defencible. Now piece together those and see the negative effect if a bad player wanted to destabilise a country especially an island solely reliant on importing vital requirements?

If staight of Hormuz opened next week oil prices would fall like a stone. We gave other producing areas increasing their output, African producers, Canada, USA, Venezuela etc. Calgary in Canada felt like was in Dallas !

When prices fall to $65 a barrel or less produces like US shale just stop producing and wait months or years until price bounces back above $65 or so.

North Sea would act the same and hence BP, Shell no longer interested in North Sea extraction, too price sensitive when on land produces can sell at $20 a barrel and still make a profit.

UK fortunate to have the best areas for wind turbines and add to that the tidal potential oil extraction just looks a bad investment due to the inherent costs of landing North Sea oil.

Better to step up investments in renewables and in conjuction with nuclear and the interconnectors with those producing ultra cheap electricity that is a more secure future the very high cost North Sea oil and buying fuel from despots.

As I write the nuclear, solar snd wind is so abundant in the UK the UK price of electricity is dropping from 4p per KWh to 1.5 p per KWh in the next two hours.

@lol-lol While you made some good points, I did, however, say that at the current time their decisions are indefensible. We don't have the transition to electric, and we will be dependent on other fuels for some years to come, and we have zero plan to cope. Our gas reserve and storage facility has gone, and so have all the sources we had.

Dacia Hipster could be another success in the Dacia Renault marque...

^

Looks very elegant and aerodynamic.

😆

1 minute ago, Breezy_Pete said:

^

Looks very elegant and aerodynamic.

😆

Yes brick like but only aimed at city travel really, standard battery is 15 kwh i gather, bigger battery option a massive 20 KWh. Should be good round town. 15 KW motor so top speed only 90 kph, not allowed on motorways, classed as quadricycle.

Expected to be £10k or less.

2 hours ago, lol-lol said:

Dacia Hipster could be another success in the Dacia Renault marque...

like a Japanese K car

7 hours ago, Graham Butcher said:

@lol-lol While you made some good points, I did, however, say that at the current time their decisions are indefensible. We don't have the transition to electric, and we will be dependent on other fuels for some years to come, and we have zero plan to cope. Our gas reserve and storage facility has gone, and so have all the sources we had.

There is nit really a choice but to super accelerate the transition from fossil fuel to electric.

I cannot think of anyway we can get cheap oil again unless the Middle East Gulf full open until then the UK may have to pay a £1 a litre abd then choose what taxes to levy.

The Excise Duty of 52.95 p per litre and VAT at 20% Ad Valorem will be under review.

With UK debt approaching £3T the UK had difficult choices. Lots of us who decided to abandon use of hydrocarbons years ago would not want to see precious government money allocated to tax relief on what we see as polluting fuel and the government will be aware actions could tip bielection voting which coukd lead to the loss of the ex PMs constituency to the Greens.

I di reckon we will see Excise duty cut for a period of months, maybe 5,8 or 10p a litre but we have to watch thatvtge oil companies don't taje the milk again abd trouser the Excise cut.

Hopefully we can get more electric vehicles into all areas. Recipts from fuel already down by about a fifth in the past few years and it will fall away to relatively little in the next decade.

We may need to consider rationing of diesel to keep back supply fir farmers, fire engines etc I reckon. Some countries limiting purchases to 20 litres a visit. Maybe we will see speed limits cut to 55 mph as in the oil crisis of '73 ?

9 minutes ago, Graham Butcher said:

like a Japanese K car

Kei, kei-jidōsha, light automobile.

Good episode on Grand Tour driving 3 Kei cars a few hundred miles in US and then up Pikes Peak ie up to 14k feet.

The non turbo one took nearly half an hour and was gasping at the end.

Not a problem with electric cars which get quicker with the less air !

Edited 2 hours ago2 hr by lol-lol

1 hour ago, lol-lol said:

Kei, kei-jidōsha, light automobile.

Good episode on Grand Tour driving 3 Kei cars a few hundred miles in US and then up Pikes Peak ie up to 14k feet.

The non turbo one took nearly half an hour and was gasping at the end.

Not a problem with electric cars which get quicker with the less air !

That's on my viewing list this weekend as well. I have to say that I'm impressed with Francis Bourgeois; having known that he was a very excitable train buff, I never expected him to be so knowledgeable about cars.

17 minutes ago, Graham Butcher said:

That's on my viewing list this weekend as well. I have to say that I'm impressed with Francis Bourgeois; having known that he was a very excitable train buff, I never expected him to be so knowledgeable about cars.

Rolls Royce engineer.

Think he prefers trains to cars.