Oil

[Stewy]

Relevant to a previous part of our discussion where I mentioned UK F'd up this winter by shutting down all coal power plants with no contingency if their renewables cannot be sustained.....which they didn't as they had a wind drought for months, and had to revert again to coal. Well the House of Lords today put out a report that "The UK has No credible Plan for it's Energy Transition". All the UK govt has done is to make 2035 and 2050 commitments with no plan.....so their solution was.....to tax the people.....still with no plan.

https://oilprice.com/Latest-Energy-News/World-News/The-UK-Has-No-Credible-Plan-for-Its-Energy-Transition-Report.html

I'm for carbon neutral. I'm for the environment. I am for the energy transition because it HAS to come, but GD it you can't wave a wand and make it happen. You have to have a plan, and it needs to be a TRUE transition, not a leap off a cliff with no knowledge of a safety net underneath.

Anyway.....thought I'd share.