David Sheppard
@OilSheppard
Financial Times Energy Editor. Oil. Environment. Middle East. Trading. Hearts. Ex-Reuters.
London
Joined September 2009
Worldwide trends
Tweets
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Pinned TweetScotland has been transformed in the last 50 years by the black gold pouring out the North Sea. But as voters prepare to go to the polls next month are we witnessing the first ‘post-oil’ election? Me with
@NathalieThomas3 for this week’s FT Magazine -
David Sheppard Retweeted“You are the best tennis player in history” - Medvedev turns and says to Djokovic after beating him in straight sets to win the
@USOpen. That’s class.#Sportsmanship -
"If [the] best they can do is to stick Chuck Norris on a CGI Orca, they’re f***ked" would make a solid kicker to a story, tbh https://twitter.com/hej_daniel/status/1436371418334351386 …This Tweet is unavailable.
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I was expecting more pushback on this but it seems the gas lot actually hate the peculiarities of natty pricing even more than I do Motion passed. Gas shall henceforth be priced in barrels
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Russia: we have no obligations to the European gas market beyond fulfilling our contracts Also Russia: Not you Belarus, you're our favourite *tickles chin*
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David Sheppard RetweetedAker BP raises the game for energy-transition PR blah through the medium of Chuck Norris.
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David Sheppard Retweeted'Russia... has also been exporting less... The reasons range from need to refill its own storage and possible production problems, to suspicions it is trying to make a point... before the start up of the controversial Nord Stream 2 pipeline.'
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Ed Miliband had the price cap (which was then co-opted by the government... which was also helped out by the fall in global energy prices). Now? I've yet to see any solid proposals if these high prices prove to be less-than-transitory
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The supply/demand balances of the gas market not an issue that resonates with the average voter (outside the NE of Scotland, anyway). UK very much exposed to the global gas market these days anyway. But rising fuel bills... how do you get them down during the transition?
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Now it's likely that no amount of new exploration licenses would lower gas/electric bills in short-term. Tory government is also saying that high and volatile gas prices shows need to move towards more renewables. But scaling back gas production at this point?
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It's a clear position to take, differentiates Labour from Tory's/SNP (for now). But timing is interesting. For a single person earning £20,000-£30,000 a year the rise in gas/electric bills in next few months is likely to be larger than impact of the National Insurance increase
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So will be interesting to see how this plays out. The full FDA approval of Pfizer makes mandates easier for companies if they want to go that route - but interesting Shell doesn’t want to be a ‘pioneer’ and is aware of cultural/political differences in parts of the company
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The oil and gas industry, for all the often justified criticism, is a safety first industry - a culture developed through hard experience. Traders and engineers might have very different day-to-day experiences, but they both essentially assess risk for a living
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Traders versus Texans: Shell is weighing vaccine mandates and the need to fire those who resist. But there’s a fascinating split expected between the trading arm (pro) and the Gulf of Mexico (fears of a noisy minority) https://www.ft.com/content/a4edfefb-4fba-46d9-bef3-2cfdba57bdb3 …
@derek_brower@thomas_m_wilson -
David Sheppard RetweetedReally powerful piece by
@BrendanGreeley on his memories of being in Manhattan on 9/11 and how he is still processing what happened@FinancialTimes
The Muse
