Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas E&P

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.

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Vermilion Energy Inc > Global Biomass and renewable scams now hitting on oil price!

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Comment by Pandoraon Dec 06, 2022 1:28pm

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Post# 35153901

RE:Global Biomass and renewable scams now hitting on oil price!

Paray99 wrote:
The main agenda for the newsmakers now is to hit down the oil price. So, you will hear about biomass more on the media these days. Also, this morning I saw that EIA telling renewables will replace use of coal in 2 years.

All these news have immediate effects on oil price, because there are bears working hard on this too. Shorts will do everything possible to get back their money before oil rises again. So, as I told before, patience is crucial here. All the weak hands will be shaken down this week.

Someone may consider this off topic on an energy board but here goes anyway.

"Biomass is plant-based material used as fuel to produce heat or electricity. Examples are wood and wood residues, energy crops, agricultural residues, and waste from industry, farms and households. Since biomass can be used as a fuel directly, some people use the words biomass and biofuel interchangeably. Wikipedia"

I wonder about the logic at times. Trees, bushes, plants all use CO2 for life ie. they absorb the carbon dioxide. Biomass harvestors which supposedly are a "green" initiative are completely wiping out thousands of acres of scrub growth -- the scrub growth which was absorbing the carbon dioxide. Is there some logic to the logic here?

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