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Vermilion Energy Inc. T.VET

Alternate Symbol(s):  VET

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.


TSX:VET - Post by User

Comment by ygdrasilon Mar 01, 2022 10:00pm
157 Views
Post# 34473491

RE:RE:RE:The vulnerability of wind power

RE:RE:RE:The vulnerability of wind powerYes, we should all be concerned by Europe's dependancy on Russian fossil fuels. Of course, there should be no doubt that Russia was behind the attempt to destabilize one of Europe's alternatives to Russian energy. The weakness here is not green energy but (Russian) fossil fuels. Germany has indeed recognized this, reconsidering its promises to close down coal plants and nuclear plants, which do not rely on Russian materials. 

So if you want to frame this attack as a need for Europe to turn away from Russian energy imports. I'm on board. But if you're trying to frame this as a weakness of green energy, you're being disingenuous or ignorant. Green energy is part of the solution for Europe and the world.

This isn't an event that proves the transition towards green energy has been too quick. 

Oldnagger wrote: As an engineer, I have done reliability work for critical systems (Heavy Water Plants ) 
A vast power net work on which many other critical systems depends is of prime importance for the sake of reliability. Already we know that individual small networks of wind turbines are especially unreliable providers of power. That hackers were able to penetrate the larger network should be cause for great concern for everyone. The fact there was a back up system is a relief for now. Given the fact  that distibuted systems with many different reliable power sources are inherently sturdier than a massive system joining many unreliable sources (wind power or solar) , we should all be concerned about the vulnerability that has been demonstrated !! Particularly knowing that the go forward plan of the Germans is to remove reliable componets such as Nuclear and Coal.
Only in the last month have some Europeans come to the realization that they will need to retain Nuclear and Gas. It is particularly concerning that this was not recognized long ago !!


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