Yes furloughed all the way through on what what had become a part time role. The oil and gas industry has been brought to its knees. My employer’s company specialises in training graduate engineers to drill wells into the subsurface. There used to be a big demand of course but demand has contracted considerably. I already draw 2 private pensions. And state pension is due next year and I qualify for the higher amount according to them. I am a greedy git so have been working elsewhere since being furloughed except when home tutoring earlier in the year. We are moving into a low carbon age in front of our noses. In a transition period. This was happening before the pandemic, since year end 2015. Covid19 has compounded the change. This photo tells the story and has a massive impact on drilling activity. Dollars per barrel of oil v time. Notice the impact of Covid19 at the beginning of 2020. And the price back in 2014 and further back. So where it once was consistory well over 100 dollars a barrel, now it is just under 40 dollars a barrel it is no longer worth drilling for especially where costs are high such as in deep water and a lot of the low hanging fruit had already been picked. There is enough in existing deposits to keep us all filling our cars etc for the time being. It may change a bit in the future but I won’t be around to see it. PS. I know what some will say. Why hasn’t fuel at the pump gone down by the same magnitude? It’s because of the tax on it and refining costs etc, Then there is shipping and retailing costs too.
It's good that you are still getting what is albeit a percentage of your part time salary, and I'm not surprised that you want to keep being busy working it's not always about the money although it is nice to get extra, my sister kept working 2 to 3 days a week for 9 years after she retired age 60 and got her state pension and NHS superannuation, I think I might want to keep working too on a part time basis when I finally retire, my problem is that being in a different time zone would not suit my employer. On the state pension my forecast today stands at £175.02 a week, it should be about £202 a week when I retire in 2025. Oil will get more expensive, a lot more, this dip is temporary some of it was brought on by fracking in the US resulting in them being nearly independent of Saudi for their supply. No matter how fast we try to transition to a fossil free economy the reality is that we have a tiny fraction of the generation capacity to replace the total energy needs of the human population of the planet so like it or not oil will be very important economically for the foreseeable future. It's going to be tough for the industry to get started again when the price does start rising if this depressed market period gets even more protracted.
Yes fracking fracked things up a bit. No doubt the price will recover a bit. We still need oil for other products and not just for fuel. But it surely won’t recover for a year or so yet at least.
Morrisons in Weybridge and tesco in Sunbury on thames today the panic buying has started, some empty shelves
David Davis asking questions in Parliament today regards vitamin D, if I recall John you posted an internal memo letter from him earlier in the year. They seem to be more amenable to discussing it this time round compared to Matt Hancock's dismissal of it a month or so ago.
This was my reply to you back in September. http://www.british-filipino.com/index.php?threads/coronavirus-in-the-uk.18220/page-87#post-217098
What did Hancock say this time around? I do remember the last time. You said Hancock was more amenable. In what way? What was said today?
Got it. A U turn on Hancock’s part. https://www.rupahuq.org.uk/2020/10/15/rupa-huq-mp-secures-major-breakthrough-on-vitamin-d/
Vaccine. For over 85s and frontline workers, next month. https://www.pulsetoday.co.uk/news/b...o-be-announced-imminently-for-december-start/
No I said compared to Hancock's dismissal of of it last time (back in September), only David Davis spoke yesterday asking about national prescription of vitamin D for those at risk and Johnson responded positively to him saying they were looking into it. So today, as in yesterday, no one was dismissive of it in Parliament when compared to over a month ago.
Did you listen to this video where Hancock changes his strategy on Vit D? https://www.rupahuq.org.uk/2020/10/15/rupa-huq-mp-secures-major-breakthrough-on-vitamin-d/
That one is dated 15/10/2020 I had not seen that one (the date is in the attribute route it has been filed under in the URI). Good on her!
