Vermilion Energy Inc T.VET

Global Biomass and renewable scams now hitting on oil price!

[Paray99]

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.

[Quintessential1]

How does coal replacement move the oil price?  Especially down?  If anything renewables require NG or diesel backup. The Russian head fake about mulling over an EU oil price cap is all I can see pushing oil down. https://www.bloomberg.com/news/articles/2022-12-06/russia-s-considering-an-oil-price-floor-in-response-to-g-7-s-cap?fbclid=IwAR06qybHYBTXot5

[Pandora]

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

[Quintessential1]

Biomass is generally renewable ie the corn husks and stalks and sometimes cobbs as opposed to the corn (which can be used also) which is generally used for feed or fructose. It is planted and harvested at intervals throughtout the year depending on seaonality and is renewable.   A lot of biomass is the scraps from harvested material.  Literally the chaffe from the wheat. You are