£24Bn and 200,000 job losses in oil and gas.

[motorbiking]

Sir Keir Starmer urged to clarify North Sea drilling plans amid ‘deep concern’ from industry

Reports claim the Labour Party is considering blocking new oil and gas exploration if it wins the next election

www.telegraph.co.uk

Putin will be pleased

 

[IT Minion]

Sir Keir Starmer urged to clarify North Sea drilling plans amid ‘deep concern’ from industry

Reports claim the Labour Party is considering blocking new oil and gas exploration if it wins the next election

www.telegraph.co.uk

Putin will be pleased

New exploration needs a decade or more to come online.

That's also around when oil demand is forecast to start to drop by the IEA, who are famously bad at predicting how fast renewables are replacing fossil fuels.

 

[gas112]

Well it will save all those plumbers and gasmen having to catch the bus or the tube to get to work as the halfwit suggested last week

 

[Bod ...]

Well it will save all those plumbers and gasmen having to catch the bus or the tube to get to work as the halfwit suggested last week

Did he really?

 

[wobs]

New exploration needs a decade or more to come online.

That's also around when oil demand is forecast to start to drop by the IEA, who are famously bad at predicting how fast renewables are replacing fossil fuels.

So we should be building more nuclear power stations, to save drilling for oil & gas.

The Government has said we need to be Net Zero, so drilling for more fossil fuels seems a bit silly.

 

[SirGalahad]

Sir Keir Starmer urged to clarify North Sea drilling plans amid ‘deep concern’ from industry

Reports claim the Labour Party is considering blocking new oil and gas exploration if it wins the next election

www.telegraph.co.uk

Putin will be pleased

Come again. Putin already owns the Tory party through dark money and this upsets you.

 

[IT Minion]

So we should be building more nuclear power stations, to save drilling for oil & gas.

The Government has said we need to be Net Zero, so drilling for more fossil fuels seems a bit silly.

Or building more wind and solar in quarter to half the time. France now require car parks to have solar panel canopies.

Possibly the only thing slower than bringing more oil and gas reserves on line is building a new nuclear plant.

 

[motorbiking]

We are also forgetting that oil isn't just burned for fuel.

 

[IT Minion]

We are also forgetting that oil isn't just burned for fuel.

No, that's included in the expected peak. By the we will have too much production capacity for demand

 

[wobs]

Or building more wind and solar in quarter to half the time. France now require car parks to have solar panel canopies.

Possibly the only thing slower than bringing more oil and gas reserves on line is building a new nuclear plant.

Small modular nuclear would be quicker, and given the time you quoted for bringing a new oil/gas stream online, you could build a few.

And you would have affordable electricity. You or someone else is probably now thinking - but wind is cheaper etc..... However, to have intermittent sources penetrate the grid above a certain level, the costs really go up, because you need far more redundancy and/or storage, so even if your wind turbines are really cheap individually, they can quickly become expensive. You could rely on connectors to France & Norway, but then you'd be selling cheaply and buying when the price is high at such a scale (see Denmark's experience with Sweden and Germany 20 years ago)

MIT did a study to see how the US could get to Net Zero, and looked at about 1000 scenarios. The only affordable ones included nuclear.

 

[SirGalahad]

Can someone tell me again w

Small modular nuclear would be quicker, and given the time you quoted for bringing a new oil/gas stream online, you could build a few.

And you would have affordable electricity. You or someone else is probably now thinking - but wind is cheaper etc..... However, to have intermittent sources penetrate the grid above a certain level, the costs really go up, because you need far more redundancy and/or storage, so even if your wind turbines are really cheap individually, they can quickly become expensive. You could rely on connectors to France & Norway, but then you'd be selling cheaply and buying when the price is high at such a scale (see Denmark's experience with Sweden and Germany 20 years ago)

MIT did a study to see how the US could get to Net Zero, and looked at about 1000 scenarios. The only affordable ones included nuclear.

That makes too much sense because GB News et al will say the gravitational waves from Nukelar Power will make people infertile and become mindless drones under one world order to be replaced by some foreigners plus Corbyn.

I think I have hit all the points.

 

[IT Minion]

Small modular reactors should be faster and lower risk, but they're expected to be similar in price to HPC and will need the same subsidies to be viable. That's expensive.

Nuclear may keep a small share of the pie but aiming for replacement of existing capacity is a more sensible goal than expansion.

The cable to Morocco is a much better plan if you ask me. Greece is doing something similar but smaller scale already.

 

[wobs]

Small modular reactors should be faster and lower risk, but they're expected to be similar in price to HPC and will need the same subsidies to be viable. That's expensive.
Nuclear may keep a small share of the pie but aiming for replacement of existing capacity is a more sensible goal than expansion.

We need to build far more, and the price will come down. Is the mantra of anyone who wants to rely on only renewables.

The cable to Morocco is a much better plan if you ask me. Greece is doing something similar but smaller scale already.

This is not a cheap option, despite what is quoted. Desertec collapsed not just due to the external political issues, but because they were planning to build vast solar parks with little benefit to the local communities in N.Africa. Hardly a route to energy security.

So to build vast solar plants in N.Africa, you'd first need to build solar/wind for: Local supply, so they have their own affordable energy, additional solar/wind for desalination, and pumps to maintain the solar plants you want to build, and then finally get around to building them for our benefit. Oh, and energy storage installation, and just hope such a long cable doesn't get sabotaged. How cheap does that sound?

Then there's the operating life span of those renewables.

This could supply 8% of our grid supply in theory.

 

[motorbiking]

May be it’s just grubby politics

Labour defends donations from Just Stop Oil backer Dale Vince

The donations do not affect the party's views on the campaign group, a shadow minister says.

www.bbc.co.uk

 

[IT Minion]

We need to build far more, and the price will come down. Is the mantra of anyone who wants to rely on only renewables.

This is not a cheap option, despite what is quoted. Desertec collapsed not just due to the external political issues, but because they were planning to build vast solar parks with little benefit to the local communities in N.Africa. Hardly a route to energy security.

So to build vast thermal solar plants in N.Africa, you'd first need to build solar/wind for: Local supply, so they have their own affordable energy, additional solar/wind for desalination, and pumps to maintain the solar plants you want to build, and then finally get around to building them for our benefit. Oh, and energy storage installation, and just hope such a long cable doesn't get sabotaged. How cheap does that sound?

Then there's the operating life span of those renewables.

This could supply 8% of our grid supply in theory.

From the analysis I've seen SMRs will start far more expensive than HPC and only work down to HPC with scale. It's also questionable if they'll ever manage enough scale to really deliver that much saving.

I'd love nuclear to make sense financially, but I've no confidence it will. Until it does we shouldn't be waiting for it, we should be going hard on PV and Wind.

Adding more generation just means more economy of scale. But I thought Xlinks was PV rather than thermal.