At the top of the market, Mercedes and BMW made flagship sport sedan cars into Hybrid/EV's that bombed so badly that both companies are the subject of relentless memes on the topic
As per the VW CEO, include the all looney Bernard formerly of bp. Seems messing around with any and all ‘green’ monikers and losing money want all he was messing around with . . .
These people and their shiny objects offer a wonderful gallery of entertainment!
I was working as a Petroleum Engineer when BP produced the tv commercial bragging about how they were "Beyond Petroleum." My immediate thought was, Karma is a Bit$h. Can anyone remember the Deepwater Horizon?
Yeah I remember the sir john Browne days and beyond petroleum deal - a real joke then and still is today!
When I heard about the Horizon, the first thing I did was to go to the MMS website and download the casing diagram - uh oh - and the feds approved it and the bp engineering mgr signed off on it and the engineer who did the design was severely chided by a lot of us in Houston - mostly by phone as he didn’t really come out after the event. But that was really a demonstration of the internal issues at bp - of course you know them. Sincerely, I hope bp can right the ship and sail straight and produce returns for the shareholders.
I am particularly curious about California, as I believe I've read that US (and other) oil is sold at world market prices, which if so, would make price gouging by US oil companies rather difficult. Maybe I'm just ill-informed.
Your article reminds me of a younger much cleverer former colleague's saying: "If you attempt the impossible, you WILL fail" (my emphasis).
What a FANTASTIC article. As I was reading about the bobbleheads competition to be king of bobblehead mountain, I thought of the Darwin Awards. Perhaps we could do the same for the bobbleheads. I'm sure they would enjoy the added attention. I humbly offer up the Keely Awards. Enjoy your week off from monitoring the netzero circus. 🤘😎🤘
Enjoy your vacation, avoid hurricanes. Still without power at home here in Houston (and sleeping outside), giving lots of strong lessons how dependent we are on energy for our lives.
I would offer you an additional Looney Bin candidate. This morning I saw the headline "BP sees global oil demand peaking next year." Apparently they believe (and stated) that the world will peak at 102 Million barrels per day in demand in 2025. Six months to go. They added that "both solar and wind projects see enormous growth around the world, with set-up and operational costs falling." Wow. This seems like US government accounting, not corporate accounting. Then in the same article they said "[BP] recently initiated a hiring freeze and suspended offshore wind projects, according to sources at the company, as [CEO] places focus on oil and gas to boost revenues." BP's Q1 24 earnings were down 45%. They must be truly confused and probably having a difficult time with such conflicting ideas. The answer I find on Statista is that we reached BP's peak demand some time ago. Statista says "The global demand for crude oil (including biofuels) in 2023 amounted to 102.21 million barrels per day." Maybe those biofuels are throwing off the numbers? McKinsey offers much the same number without any qualifier for biofuels. EIA does say world ethanol is about 1.7 million barrels per day and world biodiesel is 0.9 million barrels per day, but it seems odd to me that those would be included in "world oil demand." In any case BP seems to have lost all ability/credibility to predict anything about energy. They say one thing, and do another.
When I emailed the California Air Resources Board to request a meegin with them during which I would prove to them that the "climate crisis" was a hoax, they failed to respond to my messate. My members of the Californnai Assembly and Senate were similarly unresponsive.
Have a wonderful vacation. It seems that California is not the only state making this claim as Massachusetts and Connecticut are both doing the same. I keep wondering if the oil companies will simply stop selling their products there, which should make the state governments quite happy, although perhaps not the citizens.
Have a great vacation!
Thank you!
and as of today you have to add the UK to the list having banned all new O&G licences - for which it will get sued and lose even more money
Irina,
At the top of the market, Mercedes and BMW made flagship sport sedan cars into Hybrid/EV's that bombed so badly that both companies are the subject of relentless memes on the topic
https://www.team-bhp.com/news/germany-new-mercedes-amg-c63-registers-close-zero-sales
https://www.motor1.com/news/724647/2025-bmw-m5-weight-more-than-suv/
Well deserved!
And if the world's not still around, will you refund our subscription price?
I don't have Telegram.
Absolutely!
As per the VW CEO, include the all looney Bernard formerly of bp. Seems messing around with any and all ‘green’ monikers and losing money want all he was messing around with . . .
These people and their shiny objects offer a wonderful gallery of entertainment!
I was working as a Petroleum Engineer when BP produced the tv commercial bragging about how they were "Beyond Petroleum." My immediate thought was, Karma is a Bit$h. Can anyone remember the Deepwater Horizon?
Yeah I remember the sir john Browne days and beyond petroleum deal - a real joke then and still is today!
When I heard about the Horizon, the first thing I did was to go to the MMS website and download the casing diagram - uh oh - and the feds approved it and the bp engineering mgr signed off on it and the engineer who did the design was severely chided by a lot of us in Houston - mostly by phone as he didn’t really come out after the event. But that was really a demonstration of the internal issues at bp - of course you know them. Sincerely, I hope bp can right the ship and sail straight and produce returns for the shareholders.
To be, fair, he did, um, inject a bit of variety. :D
Thanks Irina and have a good break.
I am particularly curious about California, as I believe I've read that US (and other) oil is sold at world market prices, which if so, would make price gouging by US oil companies rather difficult. Maybe I'm just ill-informed.
Your article reminds me of a younger much cleverer former colleague's saying: "If you attempt the impossible, you WILL fail" (my emphasis).
Thank you, Ian. Your colleague was, of course, right, and yet so many people keep trying!
What a FANTASTIC article. As I was reading about the bobbleheads competition to be king of bobblehead mountain, I thought of the Darwin Awards. Perhaps we could do the same for the bobbleheads. I'm sure they would enjoy the added attention. I humbly offer up the Keely Awards. Enjoy your week off from monitoring the netzero circus. 🤘😎🤘
https://investoramnesia.com/2022/05/22/perpetual-motion-machines-finance-fraud/
Thank you, Karloff! They do deserve awards, for sure.
Irina: stay at the plate you are a batting champ. Can not wait until next inning. I am cheering you from the stands!
*flexing my muscles* Thank you!
Enjoy your vacation, avoid hurricanes. Still without power at home here in Houston (and sleeping outside), giving lots of strong lessons how dependent we are on energy for our lives.
I would offer you an additional Looney Bin candidate. This morning I saw the headline "BP sees global oil demand peaking next year." Apparently they believe (and stated) that the world will peak at 102 Million barrels per day in demand in 2025. Six months to go. They added that "both solar and wind projects see enormous growth around the world, with set-up and operational costs falling." Wow. This seems like US government accounting, not corporate accounting. Then in the same article they said "[BP] recently initiated a hiring freeze and suspended offshore wind projects, according to sources at the company, as [CEO] places focus on oil and gas to boost revenues." BP's Q1 24 earnings were down 45%. They must be truly confused and probably having a difficult time with such conflicting ideas. The answer I find on Statista is that we reached BP's peak demand some time ago. Statista says "The global demand for crude oil (including biofuels) in 2023 amounted to 102.21 million barrels per day." Maybe those biofuels are throwing off the numbers? McKinsey offers much the same number without any qualifier for biofuels. EIA does say world ethanol is about 1.7 million barrels per day and world biodiesel is 0.9 million barrels per day, but it seems odd to me that those would be included in "world oil demand." In any case BP seems to have lost all ability/credibility to predict anything about energy. They say one thing, and do another.
I do hope you get your power back on soon! BP's outlook is already on my schedule. :)
Hank will cross post this over at turningtotheright.substack.com
Hilarious and, sadly, not hilarious.
Thank you!
When I emailed the California Air Resources Board to request a meegin with them during which I would prove to them that the "climate crisis" was a hoax, they failed to respond to my messate. My members of the Californnai Assembly and Senate were similarly unresponsive.
Well, it's bad taste to state the obvious these days...
Its bad taste to state the obvious amongst the leftists but not in general.
I hope you have a wonderful break.
Thanks, I hope so, too.
Have a great holiday!
Thanks, Bruce!
Another good one, Irina. Have a good time of refreshing and recharging your batteries.
That's exactly what I plan on doing. Thank you!
Speaking of laughing at the Grand Poobahs of the world:
Why are the nations in an uproar,
the peoples grumbling in vain?
The earth’s kings are taking positions,
leaders conspiring together,
against ADONAI
and his anointed.
They cry, “Let’s break their fetters!
Let’s throw off their chains!”
He who sits in heaven laughs;
ADONAI looks at them in derision.
- Psalm 2 (CJB)
Have a wonderful vacation. It seems that California is not the only state making this claim as Massachusetts and Connecticut are both doing the same. I keep wondering if the oil companies will simply stop selling their products there, which should make the state governments quite happy, although perhaps not the citizens.
They should but they won't. Thanks!