North Sea oil and gas: the UK shares to own

[@helenstam1033]

Perfectly explained and understood. fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals . there might be an economical turmoil ,but there is no doubt that this is still the best time to invest .

[@alexbarrett2690]

Good interview. Well balanced and realistic view especially of the role that hydrocarbons will play in the developing world and in the energy transition.

[@gufpott]

The comment on lack of wind generation (despite lots of installed capacity) is well made. Security of energy supply has been overlooked during the drive to renewables. There will always be uncertainty in renewables and electricity storage is prohibitively expensive. The UK government is turning to increasing renewables as the preferred "home grown" energy supply in the next 20 years (until nuclear comes on line). This leads to uncertainty in volume of fossil fuels required to secure energy supplies. Gas is expensive to store in the volumes needed. Although oil can be stored more cost-effectively, there are limited pathways to convert it into heat and electricity for industry and homes. If anybody wishes to add to their energy conversion options, they will face unhelpful obstacles from environmental regulations. This leaves a situation of long-term energy scarcity for the UK. Unpredictable periods of high wind input will not correlate with periods of high energy demand, limiting the utilisation of installed wind generating capacity. Unpredictable periods of loss of wind generation will create unpredictable demands for fossil fuels, and there will simply never be enough prompt supply when it is needed. Forward traded prices will remain very high compared to historical levels. Prompt prices will spike and collapse unpredictably, depending on what the weather is doing to renewable inputs. Somebody with a helluva lot of cash will be needed to soak up the volatility between high forward oil and gas prices and volatile prompt prices. Fortunes will be made, and fortunes will be lost.

[@Bournethorpe]

On a day to day basis, and even up to a week ahead, winds are probably the most predictable of meteorological elements, especially over the sea. The key to wind power is to expand the grid, with more undersea inter-connectors, to get electricity from where the wind is blowing to where it is not. For example it would be rare for winds to be light in both the Bay of Biscay and the Norwegian Sea simultaneously. Offshore wind is now one of the cheapest forms of energy.

[@TheLiverpoolDelta]

Lol, pivot away from fossil fuels.

[@andrewhutton4046]

Maybe don't own shares in non renewables? ii, please read the room, regards Future Generations and Current Climate Change Refugees