I genuinely feel there's going to be riots over this. There are a lot of people that genuinely aren't going to be able to afford to heat their homes.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
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Well done BP for making £6.9B in profit from April to June their highest quarterly profit in 14 years.
What’s their ‘usual’ profit and what’s their turnover?
Replacement Cost is their term for net profit.
The massive loss in Q1 2022 is from writing off their stake in a russian company
Good job they are getting energy out the ground otherwise prices would be even worse.Well done BP for making £6.9B in profit from April to June their highest quarterly profit in 14 years.
I was more think back in 2019 rather than what’s happened in more recent months. I expect that 2020 was a pretty rough year for them given the price of oil and gas dropped significantly.
Replacement Cost is their term for net profit.
The massive loss in Q1 2022 is from writing off their stake in a russian company
Soldato
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Compromising nuclear operational protocols to satisfy political considerations sounds familiar. Recent fictional tv series, probably not relevant. Fantasy story not great not terrible lol
mostly internationally based oil companies. BP is USA not uk, was a lot in Russia but not any more. Shell is really not UK based even if they are listed shares here they are not obliged to the UK in that way, BP hasnt been UK in the majority for many years now as we used up our oil. We could have a lot more gas, we avoided that and oil Norway has done a better job with the North sea recently.
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Seems to have been a crap Q2 in 2019 compared to 2018
Soldato
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If it was running yesterday and they switched it off today, then they could have kept it going safely. What has changed between yesterday and today other than today they planned to turn it off?
If safety critical problems were present, it wouldn't have been running in the first place.
So she'll or someone mad 6bn underlying profit three times what they made last year, how on earth is this a reasonable or sustainable situation, presumably the various buyers are just bidding the price higher, but this is out of order and needs to be stopped. Free market can do one in this case.
Soldato
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Its just common sense.
But to properly assess it we would need to see all the detail on why it was switched off. For example, maybe the fuel was spent and so they had to turn it off anyway.
Doesn't work like that does it, its not one man's choice its something that has to be planned for. I would ask whether it could be life extended in some way, this presumably was deemed not cost effective.
Oh come on you can't be that simple
Soldato
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How do you figure that when Im sharing your exact view:
We are saying the same thing just in different ways. But to examine the decision we would need to see the detail.
Im not saying its one person's choice. But how do we know they couldn't have extended it? You guys have too much trust in these people that's why we're in the mess we're in.
Soldato
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It was 15 years overdue apparently but yeah this seems like an incredibly shortsighted time to shut it off. Another nail in out collective coffin it seems.
Oh ok my bad
The shut down will have been planned years in advance. And was already far overdue already. There's only so long you can eek it out, THAT's the common sense viewpoint.
Caporegime
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You could say exactly the same about aircraft and maintenance inspections "the plane didn't crash yesterday so must be safe", with the above attitude nothing would ever get "switched off".
Certain parts of the reactor and structure are incredibly difficult to assess and determine if it is still safe to operate.
Soldato
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Yes it will have been planned. But if it was working within thresholds, then why couldn't it have been extended? Maybe there is a good reason, maybe there isn't. Just because it was planned for yesterday doesn't make that the right choice.