kenneal - lagger wrote:But how are we going to go into a future with the 1% taking an even greater share of the spoils, as they are at the moment, the third world getting a fairer share of the spoils and the western masses not being impoverished? After all we only have the resources of one planet and the west already lives outside that boundary.
The one percent are the ones building the Giga factories to build the electric cars and the batteries to propel them along with the wind mills and solar farms. Also the research labs searching for new vaccines and all the newest inventions like 5g phones. Again they are not taking spoils from the masses they are providing the new products the masses demand and are happy to pay for.
If the people that want to tax net worth have their way what they will really do is kill the geese that lay golden eggs.
In the UK and in the US many of these people who are supposed to be spending all their money on doing good for the world are spending it on derivatives, useless bits of paper that have even less real worth than stocks and shares, because they can make more money on them. Apparently the derivative market is worth more than the shares market many times over!!
kenneal - lagger wrote:In the UK and in the US many of these people who are supposed to be spending all their money on doing good for the world are spending it on derivatives, useless bits of paper that have even less real worth than stocks and shares, because they can make more money on them. Apparently the derivative market is worth more than the shares market many times over!!
Yes that is a current topic or concern that has nothing to do with the proposed hydrogen transportation industry.
I have no information on what percentage of investment income is investing in derivatives vs. more traditional stocks or sector funds.
I have long thought that "credit default swaps" were akin to buying fire insurance on a house you don't own. As soon as enough people hold insurance on that house someone will light a match. The banks stupidly sold insurance to fifty or more people for the same bond/ house and instead of being hit for the loss of the house lost fifty times that.
And as far as I know they have not learned their lesson and that danger is still a major factor in the bond market today.
WSP has been appointed to advise on the HyNet North West hydrogen and carbon capture, usage and storage (CCUS) project. The firm will advise first on a 20km section of CO2 pipeline from near the Stanlow oil refinery on the Mersey estuary to near Connah’s Quay, on the river Dee. From there, it will link to an existing pipeline that will dispatch the gas to depleted offshore oil and gas reservoirs in Liverpool Bay. It will represent the first element of the UK’s CCUS infrastructure, transporting CO2 produced as a by-product of manufacturing hydrogen from natural gas – sometimes described as ‘blue hydrogen’ to distinguish it from ‘green hydrogen’ from renewable sources. In due course, the scheme is intended to deliver hydrogen to industrial users, power generators, stores, and hydrogen-fuelled trains, and for blending with natural gas in the gas grid.
I applied for a job with WSP in Australia and didn't get it so they are on my sh1t list. However, I wish them success with this project so long as it is not too energy inefficient.
WSP has been appointed to advise on the HyNet North West hydrogen and carbon capture, usage and storage (CCUS) project. The firm will advise first on a 20km section of CO2 pipeline from near the Stanlow oil refinery on the Mersey estuary to near Connah’s Quay, on the river Dee. From there, it will link to an existing pipeline that will dispatch the gas to depleted offshore oil and gas reservoirs in Liverpool Bay. It will represent the first element of the UK’s CCUS infrastructure, transporting CO2 produced as a by-product of manufacturing hydrogen from natural gas – sometimes described as ‘blue hydrogen’ to distinguish it from ‘green hydrogen’ from renewable sources. In due course, the scheme is intended to deliver hydrogen to industrial users, power generators, stores, and hydrogen-fuelled trains, and for blending with natural gas in the gas grid.
Continues...
Let's just hope that the CO2 isn't being used to push out more oil and gas as it sometimes is!!
