John Hjorth

Yes, @Spekulatius, But it is also about storage of energy [, or should I write 'lack of storage', and how that will evolve over time in future], which complicates things further. In fact, it's damn complicated, there are so many moving parts. Interesting discussion with all involved here, btw., I appreciate it, thank you.

@Dalal.Holdings, Thank you for the elaboration. I likely misread the priority and weigthing of the content of your post, and gave the comments from Norwegian Energy Minister too much focus in my own post. You are right about the components and basic structure of the Norwegian energy system. https://www.nve.no/energi/energisystem/kraftproduksjon/ : Sub specification and split of thermal power : https://www.nve.no/energi/energisystem/termisk-energi/termisk-kraft/ Please note natural gas is only 259, and oil lumped together with other sources of capacity is only at 12 in the whole picture of things of 40,077. As far as I know Norway only has three power plants of size than run on either oil or gas, of which one is mothballed. The Norwegian Energy minister wasen't even talking Norways own book here, ref. the above, because when there is a combination no wind and low water levels in their reservoirs at the hydro power plants [by drought], Norway is in need the connections to other countries in the connnected energy system. So pPure spin, based on situational populism. So it is actually also a bit mind provoking to think about that Norway by its own choices and decisions hasen't covered it's own butt by what it itself is actually swimming in to such degree that they are exporting loads of it. And then holding their nose with regard to investing in O&G companies in their 'tiny' common and shared piggybank and generally mostly self driving Teslas by now, if they one, they just buy the damn thing, because they are well-of! https://www.nbim.no/ - - - o 0 o - - - I agree with you, that the German energy policy and German energy system is more or less broken, because was has been decided about nuclear power and what has happened to import of of Russian gas. As a note, when we here in Denmark are swimming in renewable energy from wind, Germany is cutting the cord / shutting the connection to Denmark! What is it? Are there some place a complete idiot in a decision maker position, who doesen't understand his job? - No, the southbound German grid to industrial Germany isen't calibrated / built out to carry this load of transport, so to shut the connection is needed to avoid a collapse of the whole system, the collapse causing outages. Then the price go negative on power [naturally only the price on raw power, not the total price of power] here in Denmark, and I guess Norway isen't complaining then either! -And it's happening regularly, but not often.

@Spekulatius, I'm not going to listen to what this person has to say about Russias internal affairs and the economic status and reality for Russia. All that comes from him in those regards is spin, propaganda and lies, to keep his ignorant, stupid and naive citizens in check, in coorporation with his socalled oligarch 'friends'. The Russian population will have to pay a sky high price, when all this eventually is over and his is gone forever. It's a flawed aproach to try to listen to him to get an understanding of what is going on, if you ask me. What matters is what he actually does. And that's not always obvious in the first place, disguised with an artificial beard, blue sunglasses, a hat and a beige long coat - all KGB-style. Cheat, or be cheated, that's the mans game. Unfortunately, one has to admit that he is pretty good at his game, i.e. red lines and all that. All short term. Long term, he's already toast. The only thing that works against such a person is to let him eat his own cooking, plain and simple.

Yeah, @Xerxes, Yet, the further interest rate hike did not happen : Associated Press - News [December 20th 2024] : Russia’s central bank holds off on interest rate hike amid friction between inflation, war spending.

What does people here on CofB&F think about this? :

I appreciate the share here, @Spekulatius, I have no clue here, actually. - - - o 0 o - - - I'm following Reuters and Associated Press - about daily - as my primary sources as basis for posting in this topic, with the intent to try not to post stuff not verified the generally acknowledged and accepted way by professional journalism occupied at news media. But no doubt, that social media now has become an important online source of instant news. The hard question is what of it is fake and false.

@Dalal.Holdings, For what ever reason I'm not able to quote the above post of yours, so it's also containing your quotes from the Financial Times article. So if our fellow board members want, really want, to understand what your post is about in detail, they will have to revisit it to read your actual quotes. For the convenience of others, here is a screen shot of your full post : I take issue with your line of posting here, actually, because you quote socalled sources [to me personally, more or less consciously, or perhaps unconsciously, so to various degrees, depending on the specific content of your actual posts by and from you]. Where is your skeptisism and critical attitude towards your sources when posting in this topic? You obviously do not possess sufficient knowledge about the energy systems in the Nordics, how they operate, and how they interact and cooperate. Otherwise you woulden't have posted as you did above. To me, the fact here is that somebody at Financial Times with absolutely no basic knowledge and understanding of the Nordic energy system grabbed a political headline in Norway from some Norwegian News Media, and 'brewed' a piece, a 'story' on it at Financial Times. And then you brought it in to CofB&F, at par, as if if it was a true and fair view of the situation. I'm pretty sure this [the above] approach is not your modus operandi for information gathering while managing OPM. - - - o 0 o - - - Have you ever heard of Nord Pool ? We actually have an energy exchange among us Nordic countries. 'Exchange' here not meant as 'in 'exchange money for a good, or physical, tangible item', but 'exchange' as in 'stock exchange', a place where buyers and sellers, producers of energy can meet to trade and agree on prices in an open and to all market participants, visible and transperant, way. What do you think would happen [here, to Norway, in that respect], to this exchange, if Norway cut the line to Denmark? Are you a proponent of protectionism? Or of trade and cooperation? How does this Norwegian political stuff and nonsence from a leftist make you think that Norwegian energy policy is smart? Norway is by now known as 'Tesla-land'. The country and its citizens are incredible rich, and the country has the highest EV penetration of all countries. Every newborn is popped as a tripple millionaire in NOK by birth, reducing future tax burden, because of that. They [Equinor] drill like hell in the Norwegian part of the continental shelf to get it look like a Swiss chease [for the purpose to sell oil and gas, and to tax Equinor separately, and extra]], and then they are 'green', driving Teslas, and throwing out all other oil majors and all kinds of other stuff from the Government Pension Fund Global [ www.nbim.no ] and everything is obviously fine, or is it really? Where is Norway getting its energy from, when those water reservoires needs to be filled, or when there is drought in Norway? - - - o 0 o - - - So what you here actually have dragged in here at CofB&F, is really Norwegian, leftist and political spin and yelling on a given energy price situation, that happens from time to time, from a Norwegian leftist dumb head, who is politically elected, but have no clue of the matter at hand. - - - o 0 o - - - Here is a website, that for you may perhaps be useful for an interactive overview of the Nordic energy system : EnergiNet : The energy system right now It's pretty cool, right?

I hope you here were alluding and referring to Mr. Trumps post on Truth Social recently after his meeting with the longshore mens association about automation etc., @Spekulatius .

@bargainman, The way the chart is structured, to three coherent areas, including California would add a fourth region, instead of the three already colored on the map. Statistics, you know : 'Play with it, untill it shows what you want it to show'.

Me too - there is nothing like adding a bit to an initial position being in the hole.

Long time, no see ... Pretty mind boggling to read my own last post here Related to Denmark : The Danish Ministry of Climate, Energy and Utilities [December 5th 2024] : No bids for offshore wind farms: Clarification work has been initiated. So, no takers, because nobody can make the calculations for a satisfactory risk adjusted return on the investments. The two Danish mirages of Energy Islands [North Sea, and at Bornhold also dropped [/ mothballed?]. My understanding is that the offer for bids was based on a payment to the state ['English model', practised by The Crown Estate] for lease of the seabed on which to build and rise the offshore windmill power plants. I'm a huge fan of responsible energy minister Lars Aaagaard, but this one he got totally wrong, he basically dropped the whole thing on the floor. Huge dent in his personal image and reputation, and total fiasco, getting nowhere with this, after spending tons of KJoules on it. - - - o 0 o - - - Then there is this 'Power-to-X' thingy in Jutland about a hydrogen pipeline to Germany, that has basically gone south, too. - - - o 0 o - - - Then today : Better Energy A/S [December 19th 2024] : Better Energy enters restructuring to rebuild capital base and stabilise business. Link to Annual Report 2023 here, then press '+' at 'Regnskaber' , and grab the IXBRL here [the file is too big for attachment here.] It actually looks like an Enron to me. And I have personally money allocated to this thing, via my work life long contributions to by law required supplementary labor markets pension [In Danish called ATP]. The guy running the show about stocks at ATP is on the board of this thingy! - - - o 0 o - - - It has to me 'Brookfield' or 'Apollo' painted in bold script painted all over it! - - - o 0 o - - - If this alreday is not enough, then take a look at the Danish companies Vestas Wind Systems A/S and Ørsted A/S and their recent quarterly reportings. - - - o 0 o - - - What a mess it all is! - I've started to think about oil again, - a playing ground, I'm really dumb at. - - - o 0 o - - - Edit : Bloomberg - Industries - Energy [December 19th 2024] : Solar Firm Collapse Shakes Denmark’s Financial System

Thank you for the elaboration, @Spekulatius .

Thank you for sharing, Blake [ @Blake Hampton ], Reluctantly, and hesitating, I added the book to my wish-list. I may buy it later. By now, I'm already filled up to the eyeballs by trying on daily basis to relate to what absolutely meaningless madness is going on in Europe a bit further down [south] relative to my personal location.

Welcome to CofB&F, @MadeItSquare ! -Please don't be a stranger!

Meet your fellow human being at eye level with an a priori positive and open mind. Be intellectually and personally curious about new people who enter your sphere. In case of disagreements during interactions along the way, please ask the only question that matters: ‘Why?’ - And please listen carefully to the answer, and process it accordingly. Prejudice is perhaps the worst sin of all.

@Luke, You - simply put - continue, to impress me. And that in it self is quite impressive. What are your personal values? Money?

Certainly food for thoughts, - nowadays. Please, take care.

Sanjeev [ @Parsad ], Thank you for looking into it. Let's let it go, and move on! - It does not really matter to anything of importance!

Here, @Dalal.Holdings, you are simply taking this thing too far, Canada for your part considered a part of Europe by your yardstick. You got to be kidding us with this nonsense

Why don't you post in the approriate books forum and topic about it? In stead of here?

@cubsfan, Looking forward to revisit this topic after 4 years from now, however, I might by then already then have left CofB&F, dead, calling it all a day.

Charlie [ @dealraker ], Some years ago, we had here on CoBF a very active board member for a period, with a board handle much similar to the religious quotation : Luke 5:32 [I'm not going to quote or buzz the board handle here, btw.] Luke 5:32 : - Reading a post here on CofB&F [<- please note, this is the one and only right way to abbriviate 'The Corner'!] not so long ago about what to do with a 40 per cent position [, when Micro-'something' is 'likely' hitting 'something' in a few months], I really can't imagine, nor comprehend.] Then there is this 'thing' about relative performance to some - more or less arbitrary - index, and all that. The most important thing to me is actually not to hurt - in a material way - financially - the Lady of the House, by lack of caution, in my actions. - - - o 0 o - - - Each to our own approach.

@Milu & @Cod Liver Oil, It's true, and it complicates things related to investing here in Denmark, more or less, a lot - - - o 0 o - - - All realized stock capital gains here in Denmark are taxed at 42 percent, except the first DKK 61 K taxed at 27 percent in a given year. Furthermore, all tax deferred acounts here are subject to a MtM taxation of 15.3 percent on dividends, realized and unrealized gains, with credit for withheld foreign dividend taxes. - - - o 0 o - - - In short, it has become 'just' a life condition, to which our household contribute willingly and gladly. With my personal health issues, without the Danish health care system in place, I would likely personally already have been dead, broke, or both. Thank you. - - - o 0 o - - - Here is a photo of my recent ride, made available to me, for free, by the municipality / City:

Sanjeev [ @Parsad ], Thank you, and respectfully and duly noted, going forward. In fact, you proposals for mentions to spread the gospel has already triggered some ideas at me

Thank you, @73 Reds, Based on your elaboration, it makes a lot of sense, to me, personally. It's somewhat all related to ones personality. Are you a very social creature [one end of a scale], or a lonely rider [the other end of the same scale], or something in between?