Help us make more profit

[GastonJ]

Industry body Oil and Gas UK is to call for "meaningful action" from government in order to tackle major challenges facing North Sea operators.
Chief executive Malcolm Webb will tell an oil and gas summit in Aberdeen on Monday that "an unpredictable and harmful business environment" has put the sector "at great risk".
The body wants urgent tax cuts amid falling oil prices and rising costs.
It also wants a new oil and gas regulator in place as soon as possible.
The UK Treasury said it was working with industry leaders "as a matter of priority" to address the challenges the industry faces.
The summit, which has been organised by Aberdeen City Council, will be attended by local and national politicians as well as industry and union representatives.
Scotland's First Minister Nicola Sturgeon and the UK government's Scottish Secretary Alistair Carmichael will be among the participants.


She said: "In the short term, that means urgent action on taxation to give the industry the certainty and security it needs to protect jobs and investment.
"It is essential that the tax reductions are sufficient to instil investor confidence, as without that maximised recovery will not be achieved.

http://www.bbc.co.uk/news/uk-scotland-scotland-business-31073640

A case of "when we're making money, you pay, and when we're not we want you to you pay" Win win for companies as usual.

[super jumbe]

Not going to happen, major oil companies get oil and gas free from the ground, it cost them peanuts to bring liquid on shore there charges to feed the fat cow, about time the industry should do the right thing….

[Meat-Head]

Gaston mate, here is $20, here's a shovel, several aluminim pails, filters, iShit with DK Access, you have one month to go away and bring back a liter of each, you have to refraction it your self.

1) gasoline 100 RON
2) diesel ultra low sulphur
3) top quailsty parrafin
4) propane.

you are alloud to invert the pail of propane to stop it escaping

[Kalipo]

Not going to happen, major oil companies get oil and gas free from the ground, it cost them peanuts to bring liquid on shore there charges to feed the fat cow, about time the industry should do the right thing….

If you have time have a look at this Hungarian film.. very funny.. Ny?cker! it translates to the district..

Basically Young gypsy kids go back in time to chuck animals in a hole and cover them up and then go forward again to harvest the oil ..

[nara]

...it cost them peanuts to bring liquid on shore.

Nope. Bit of a research fail there SJ.

[GastonJ]

These companies have been selling oil to themselves to refine at overly inflated prices for years, trying to convince everyone that "it's the markets that set the price", then when the price does fall they expect more tax breaks to make up for it. Tax breaks that can only be made up by Joe Public paying more. So at the end of the day JP get's stiffed whatever happens and is expected to pay?

"As many as 35,000 oil and gas industry jobs could go in the next five years, according to a new report.The study - commissioned by industry body Oil and Gas UK, industry skills and safety body Opito and the Department for Business, Innovation and Skills, says jobs could fall from 375,000 to 340,000 by 2019.
It also estimates 12,000 new workers will be needed for the UK sector.
The study is called 'Fuelling the next generation'.
Oil and Gas UK said the sector has a ?35bn supply chain and provides one in every 80 jobs in the UK.
The report concludes there will be a contraction of the workforce because of a decline in capital expenditure."

http://www.bbc.co.uk/news/uk-scotland-scotland-business-30395972

While I appreciate that jobs may be at risk it was only a year ago that the North Sea producers said they would be cutting jobs anyway (as above) Are they now using the oil price as an excuse to take more money? Oil is one of the few areas where the same producers extract, refine and sell the end product and yet get away with keeping the prices high on retail sales with the excuse that the markets set the price they sell the crude oil to themselves at, even when the price of crude oil falls.

The company's pre-tax profit was nearly $20bn in the first quarter of 2013 on a turnover of $107bn.

http://www.theguardian.com/environment/2013/apr/30/bp-record-profit-safety-record

Oil giant Royal Dutch Shell has issued a profit warning after it made less money than expected in the final quarter of 2013."Fourth-quarter 2013 figures... are expected to be significantly lower than recent levels of profitability," the company said in a statement.
It now expects profits for the quarter to be about $2.2bn (?1.3bn) and profits for 2013 as a whole to be $16.8bn.

http://www.bbc.co.uk/news/business-25773409

[GastonJ]

Brent crude was up 1.3% at $53.65 a barrel, having reached $55, whileUS oil rose 1.7% to $48.52.
It followed the release of data showing that US demand for leasing oil rigs was slowing, suggesting that producers might be preparing to cut output.
Meanwhile, US giant ExxonMobil reported a 21% fall in quarterly earnings on lower oil and gas production.

http://www.bbc.co.uk/news/business-31093215

My heart bleeds, not. They'll cut production to raise the price to the price they want. If that's not the definition of a monopoly I don't know what is.

Same as the UK needing 240,000 houses built this year. The overriding reason the houses won't get built is because house prices will go down as a result. Why would the government want house prices to go down when it bases it's who finance policy on a sham designed to make people who own a home feel that they have money and it's thanks to this government? So next time you're trying to get a foot on the housing ladder for a reasonably priced house - just think very carefully why you can't find one.

[ifred]

Gaston mate, here is $20, here's a shovel, several aluminim pails, filters, iShit with DK Access, you have one month to go away and bring back a liter of each, you have to refraction it your self.

1) gasoline 100 RON
2) diesel ultra low sulphur
3) top quailsty parrafin
4) propane.

you are alloud to invert the pail of propane to stop it escaping

Much easier to produce a alcohol version of petrol From potatoes or say grains ....maybe that's why the US had prohibition.
The model T ford was designed to run on alcohol and the diesel engine was designed to run on rapeseed oil.
Seems we aren't using either this days ????

[GastonJ]

Much easier to produce a alcohol version of petrol From potatoes or say grains ....maybe that's why the US had prohibition.
The model T ford was designed to run on alcohol and the diesel engine was designed to run on rapeseed oil.
Seems we aren't using either this days ????

Hmmm people really must learn, unless the government can tax it, and companies can make a huge profit, then you can't have it. It will become interesting if/when oil runs out how much of the food market the US will buy up to make fuel of one sort or another. Certainly, at this time, it's unlikely that anything will overtake petrol as the fuel of choice. You can't invade countries in electric tanks and then when you run out of electricity charge up overnight. That and with no oil you'd have no reason to 'protect' countries.

[Meat-Head]

diesel engine was designed to run on rapeseed oil???

Nil poi, there was an surplus product from refracting, some German bloke came along Adolf or rudolf or something, made an engine run on it, his user name was diesel,

gaston, is the challenge on? You not alloud to bury the iShit

[GastonJ]

and his first name was Otto. No need for a shovel. The last claim I saw was that oil was the remains of plankton (funny how it change from dinosaurs when I was at school, still excuses excuses) so I could just jump off the bridge with a bucket, make a grab for some plankton and crush them for a few million years. Can you wait that long?

Oh and Adolf had them make fuel from coal during his tour around Europe. As do Africa

http://www.worldcoal.org/coal/uses-of-coal/coal-to-liquids/