Fortune Minerals Ltd T.FT

Fossil Fuel Article

[Yellowknifer69]

Hello and good morning FT LOngs:

Not much happening around here but lots happening in the world of electrification.  Interesting article this morning from scientific Journal - Nature regarding fossil fuel extraction.

https://www.cnbc.com/2021/09/09/climate-majority-of-fossil-fuels-need-to-stay-underground-study-says.html

If this isn't a reason for societies to embrace electrification, I don't know what is.  

Looking forward to the next meaningful news release.

Come on Robin - lets get it rolling!

Yellowknifer

[red]

It's another of those writing on the wall moments especially  for Middle East oil rich countries  .... however could we be so lucky to have some solid Saudi investment in mining here and build the darn processing plant in Saudi Arabia .... at the rate we are going here might be a worthwhile trip for RG.  I recall that the king of Saudi Arabia told his princes and other arab

[geolith]

I had a few minutes to kill so I looked up Canada's total gasoline consumption in 2019 (45 billion litres).  A few more clicks and I found that this can equate to 1.4 x 10(11) watts of power, or about the same as 90 Hover dams, about 11 times the total power consumption of Norway, or twice the total installed power in Turkey.  We could add in diesel fuel, aviation gas, natural gas or

[red]

We'll ride the wave, there is trillions to be made off the fears of man. The earth ? Well it does not give a shite what we do ...it does want it wants when it wants in the same way it has for billions of years. I am not a denier of climate change or crisis but pretty comfortable that there is little we can do about it other than find a measure of how we contribute to the problem