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Re: North sea oil/gas running dry
Is this your last, last post?"...the western financial system has already failed. The failure has just not yet been realized, while the system remains confident that it is still alive." Jesse -
Re: North sea oil/gas running dry
A Number of people PM me and ask me to stay on, also they agreed to PM Eric & ask him to cut me some "Action" on the website ad income......am hopfully of a nice lerse hire Merc in the new year.
MikeComment
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Re: North sea oil/gas running dry
As the oil and gas are depleted in the North Sea, maybe the UK will lose its enthusiasm for Greenpeace, Al Gore, and the hysteria about global warming.:rolleyes:Comment
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Re: North sea oil/gas running dry
Tangentially, gas here in the Bay Area dropped 8-10 cents between Thanksgiving and Xmas. The day after Xmas it went up 2 cents. The shoppers' cattle drive appears to be over.Comment
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Re: North sea oil/gas running dry
Gentiman
Please lets no go down this path, the one thing i aways liked about "Itulip" is the fact we don't do "Cramer" here. No subject or idea is taboo or a bad....we read & discuss:-
Ej
Marc Farber
"Crusty"
& how the news arounds us either proves or disproves a line of thought.
BTW EJ, SLK 350 please.
Cheers
MikeComment
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Re: North sea oil/gas running dry
And to add insult to injury, as the oil depletes, the bloody colonials are trying to take over control of the power grid...Originally posted by Mega View Post
Abu Dhabi in joint bid for EDF network
The Gulf emirate of Abu Dhabi has teamed up with one of Canada's largest pension funds to mount a joint £5bn bid for the electricity network that distributes power to millions of homes in the south-east of England.
Sources have revealed that the Abu Dhabi Investment Authority (ADIA) is working with the Canadian Pension Plan (CPP) to submit a joint offer for EDF's electricity distribution network.
ADIA, which is owned by the emirate, is one of the world's largest sovereign wealth funds although it has never published the value of its assets. Estimates range between $350bn (£219bn) and $650bn under management.
Bankers from Goldman Sachs and boutique advisory firm Lexicon Partners have been appointed to advise the consortium on its bid.
It is, however, not clear whether Goldman Sachs will use it own infrastructure fund as part of the deal. People close to the situation claimed it is not planning to act as a principle investor.
Earlier this year, EDF, the French state-controlled nuclear operator, started the sale of its regulated electricity network in the UK, which distributes power to 7.9m homes in the south-east and east of England.
At the time, the group - which is facing record debt and mounting investment costs in France and around the world - said it hoped to attract offers in excess of the €4bn (£3.6bn) value attributed to the networks in its accounts. EDF, though, will still retain its power generation and supply activities in Britain.
Deutsche Bank, Barclays Capital and BNP Paribas have been appointed to run the auction.
There are several other bidders circling the EDF's electricity network. Scottish and Southern Energy, for example, has already teamed up with Borealis, another Canadian pension fund...
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Re: North sea oil/gas running dry
Does England have any more incarcerated terrorists it can "free" to get more contracts for British Petroleum?Originally posted by Mega View Post
If not, I'm afraid England is done for. Those Pensioners are expecting annual trips to the Mediterranean. Someone's got to pay for that.Comment
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Re: North sea oil/gas running dry
What happened Mega? Santa not come through for you? :pOriginally posted by Mega View PostComment
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Re: North sea oil/gas running dry
I pray the Bloodbath will come soon!
MikeComment
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Re: North sea oil/gas running dry
I mean when the money drys up & rates Rockett & all those "Easy credit" assh*les whom drove (Lease hire) BMW/Merc's/Audi's etc suddenly find not only they can't afford the payments, but they can't afford the fuel!
MikeComment
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Re: North sea oil/gas running dry
rabot10: you always seemed such a nice fellow, have you lost your medication? Did your dog die? :confused:Originally posted by rabot10 View Post
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Re: North sea oil/gas running dry
I have always liked you and what you have had to say raz. U R one smart dude for real.
The dog is fine btw, but I may need new meds lol. I really don't like bullies - U?. Hope U have a good holiday.
MLLast edited by rabot10; December 28, 2009, 04:41 PM.Comment
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