MattH
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Sorry, should point out that this only equals £1 per day net profit for every man women and child in the country.
But, no windfall tax.
- Thread starter ukracer
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Sorry, should point out that this only equals £1 per day net profit for every man women and child in the country.
But, no windfall tax.
MattH
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Correction: $ not £ but still.
www.bbc.co.uk
BP profits soar as calls for windfall tax grow
The energy giant said underlying income hit $6.2bn due to "exceptional oil and gas trading".
www.bbc.co.uk
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Most folk just call me; Orange Joe
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I had a group project in a sustainability module with a load of landscape architects, as the only engineer in the group I was in charge of numbers (And they seemed genuinely impressed by simple calculations, I have no idea what they did in their lectures). I worked out a low head hydro plant on a section of the Don in Sheffield could produce 500kW, no one, not even the lecturer marking our presentation, noticed I was off by a factor of 10, it should have been 50kW, before losses, and even that I think was a generous estimate.I did a uni project on putting a microgeneration turbine in a river and worked out pretty much the same conclusion. Really frustrating that there isn't more energy available
addjunkie
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That doesnt include the 20billion write down for pulling out of the Rosneft deal in Russia! My Divi will be down this year.
As for a winfall tax….should they be taxed on uk profits, for this or world wide, just asking as their uk assets are about the lowest in the world and highest costs to operate. Over tax global companies, they just stop doing business here. BP is no longer British but “beyond“ petroleum which all started around the time of the new margarine logo, before the gulf fiasco.
julianthegypsy
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The important thing with hydro is the head. Even a small stream will generate really useful amounts of power, if you can tap into into it at the top of a hill and pipe it down to a turbine at the bottom. By contrast, a big lazy river with thousands of litres per minute will do nothing. It's like having hundreds of amps and no volts. Or a few amps, in the case of the stream on the hill, with loads of volts. The option with the high voltage wins every time!
They are still paying for the deepwater horizon fiasco. Yanks caused it Britain gets the blame!
As to these fat cat shareholders. The majority are pensioners who used top work for BP. I know several including a lovely old Aunt of mine who is 86 and partially blind. She used to rely on the dividends to top up her pension.
People forget that countries like Norway and Canada have very different topography to us!I had a group project in a sustainability module with a load of landscape architects, as the only engineer in the group I was in charge of numbers (And they seemed genuinely impressed by simple calculations, I have no idea what they did in their lectures). I worked out a low head hydro plant on a section of the Don in Sheffield could produce 500kW, no one, not even the lecturer marking our presentation, noticed I was off by a factor of 10, it should have been 50kW, before losses, and even that I think was a generous estimate.
julianthegypsy
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Actually, there's massive potential for small scale hydro in Britain, but the water companies effectively block it by wanting huge fees to let you tap into a stream, even if the water is going back into it a hundred metres down stream, even if it's on your own land. It's pathetic.
As others have said the potential isn't as huge as you would think.
But I agree they don't make it easy!
julianthegypsy
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I'm really talking about micro generation, for powering your own house, rather than exporting it. Britain is hilly and has a lot of streams..
julianthegypsy
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Sterling engines are great when you have no other options, but they have virtually no torque. Small steam engines on the other hand can be quite powerful and very efficient.
If you capture the heat and generate electricity they will be 100% efficient. Qell almost. Only waste energy would be noise.
Kayos
Gone......
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I wonder what the payback time would be for a wood powered micro CHP plant in your living room.
CHP needs to run 24/7 to be efficient as they use a sterling engine. Huge house and huge thermal store, with big electrical baseload
Gareth J
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You thinking wood gasifier and Lister generator? Might be a tad obtrusiveI wonder what the payback time would be for a wood powered micro CHP plant in your living room.
addjunkie
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Criple the likes of bp with extra taxes, hurts the population. Some of their largest shareholders are pension funds and other institutional investors.
Yes many of us ex employees own shares, but the volumes dont go anywhere near the pension funds.
Greeves246
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Diesel at BP this morning, £1.859/lt. Esso Supreme + petrol 99oct £1.799/lt
Tesco or Asda for me.
Diesel £1.72 still awful.
Greeves246
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Natural gas down 21% in price. Do you think prices will come down next week?
www.bbc.co.uk
Natural Gas Latest News & Analysis - BBC News
Find the latest news and updates for Natural Gas at BBC News.
www.bbc.co.uk
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