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Sookie goes undercover to get intel on Bill's whereabouts and imperils herself in the process. Tara and Franklin's meetcute turns meetTerrifying right quick! Eric apparently smells like the North Sea and isn't insulted about it (question mark?) The Jason pendulum continues to swing! Rewatch, Listen & Laugh we start a new weekly segment, Ash is brave and admits that her REWATCHER picker might be broken and Alaina leans in to appreciation of Eric! And don't forget to follow us at @the_rewatcher on Instagram for special bonus content!! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
fWotD Episode 3314: SMS Westfalen Welcome to featured Wiki of the Day, your daily dose of knowledge from Wikipedia's finest articles.The featured article for Monday, 1 June 2026, is SMS Westfalen.SMS Westfalen was one of the Nassau-class battleships, the first four dreadnoughts built for the German Imperial Navy. Westfalen was laid down at AG Weser in Bremen on 12 August 1907, launched nearly a year later on 1 July 1908, and commissioned into the High Seas Fleet on 16 November 1909. The ship was equipped with a main battery of twelve 28 cm (11 in) guns in six twin turrets in an unusual hexagonal arrangement.The ship served with her sister ships for the majority of World War I, seeing extensive service in the North Sea, where she took part in several fleet sorties. These culminated in the Battle of Jutland on 31 May – 1 June 1916, where Westfalen was heavily engaged in night-fighting against British light forces. Westfalen led the German line for much of the evening and into the following day, until the fleet reached Wilhelmshaven. On another fleet advance in August 1916, the ship was damaged by a torpedo from a British submarine.Westfalen also conducted several deployments to the Baltic Sea against the Russian Navy. The first of these was during the Battle of the Gulf of Riga, where Westfalen supported a German naval assault on the gulf. Westfalen was sent back to the Baltic in 1918 to support the White Finns in the Finnish Civil War. The ship remained in Germany while the majority of the fleet was interned in Scapa Flow after the end of the war. In 1919, following the scuttling of the German fleet in Scapa Flow, Westfalen was ceded to the Allies as a replacement for the ships that had been sunk. She was then sent to ship-breakers in England, who broke the ship up for scrap by 1924.This recording reflects the Wikipedia text as of 00:03 UTC on Monday, 1 June 2026.For the full current version of the article, see SMS Westfalen on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm neural Joanna.
For nearly two decades, net zero has sat at the heart of Britain's policy agenda. Once framed as a clear moral imperative, it saw political parties promising to slash carbon emissions and ministers racing to position the UK as a leader on the international stage. But as economic pressures and global instability mount, that consensus is beginning to fray.Recent shocks – from the pandemic to war-driven energy crises – have exposed the fragility of supply chains and the risks of overreliance on external energy sources. While renewables like wind and solar can supplement carbon fuels, they also raise questions around cost, subsidy and reliability. At the same time, drilling for oil in the North Sea is penalised. So where does this leave Britain? As a relatively small contributor to global emissions, is the UK leading the way in adopting net zero – or putting its own economic resilience at risk?Listen here to a section of our recent live debate, where Lord Lilley and journalist Liam Halligan went up against Bob Ward, of the influential Grantham Research Institute on Climate Change and the Environment, and Shahrar Ali, former deputy leader of the Green party. Chaired by The Spectator's assistant editor, Isabel Hardman. Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: podcast@spectator.co.uk Hosted on Acast. See acast.com/privacy for more information.
Reform UK is currently the most popular party in Britain. If voted into government, it wants to end all subsidies for renewable energy, ban battery energy storage, end net-zero targets, drill for more oil and gas in the North Sea and encourage fracking on British soil. This week on Zero, Akshat Rathi asks Reform’s deputy leader Richard Tice about the party’s climate and energy plans, and why he calls it “net stupid zero.” Explore further: Read the full annotated transcript of this conversation Worst Start to Wildfire Season Raises Alarm as El Niño Threatens Scientists Ditch Worst-Case Climate Scenario For Good Reasons Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.
It's EV News Briefly for Sunday 17 May 2026, everything you need to know in less than 5 minutes if you haven't got time for the full show.Patreon supporters fund this show, get the episodes ad free, as soon as they're ready and are part of the EV News Daily Community. You can be like them by clicking here: https://www.patreon.com/EVNewsDailyRIVIAN OPENS R2 CONFIGURATOR EARLYRivian has opened the R2 configurator for reservation holders, with production already underway in Normal, Illinois and some areas seeing delivery windows as short as 1–6 weeks. Only the R2 Performance is currently available at $57,990, offering 656 hp, 330 miles of range, and a 3.6-second 0–60 time, with the R2 Premium and R2 Standard following later in 2026 and 2027 respectively.RIVIAN ASSISTANT REACHES R1 OWNERSRivian has rolled out its AI-powered voice assistant to existing R1T and R1S owners via firmware update 2026.15, replacing Amazon Alexa and activated by saying "Hey, Rivian" or through steering-wheel controls. The system handles navigation, HVAC, and media playback, requires a Connect+ subscription, works only in English, and processes voice recognition on-device to reduce latency.USED EV PRICES LEAD UK MARKETUsed EVs led the UK used car market for price growth in April 2026 for the first time this year, with prices rising 1.1% month on month — the strongest increase of any fuel type. Higher fuel costs and rising demand for alternative-fuel vehicles drove the surge, with used EV sales volumes up 33% in March and April combined compared to January and February.GREEN TECH NOW SHAPES HOME BUYINGResearch by E.On Next found that 93% of 1,000 prospective UK homebuyers want green energy features such as solar panels and EV charging in their next property, with 70% now considering energy technology non-negotiable. Rising energy costs are the main driver for 52% of respondents, and E.On Next's own sales reflect the trend, with solar and battery sales up 182% and heat pump sales up 129% since February 2026.GRIZZL-E CLUB HITS 10,000 MEMBERSCanada's Grizzl-E Club reached 10,000 members on May 14, 2026, doubling its membership in roughly two months since passing 5,000 in March. Run by United Chargers, the no-fee programme uses Clean Fuel Credits to fund free home charging hardware, lifetime warranties, and energy cashback, with members having received CA$300,000 in rewards to date.GERMAN TRIAL TURNS PARKED EVS INTO FERRY BATTERIESA German research project called BIDI-EL will test using parked EVs at a North Sea ferry terminal as temporary energy storage to help charge electric ferries when they return to port. Led by Osnabrück University and ferry operator Norden-Frisia, the €164,894-funded trial combines solar panels, existing fixed battery storage, and EV batteries to maximise renewable energy use, running until January 2027.RISING POWER BILLS HIT EV CHARGING SATISFACTIONThe J.D. Power 2026 U.S. EVX Home Charging Study found that rising electricity costs and poor owner education are reducing EV satisfaction, with Level 1 portable charger satisfaction dropping 12 points year-over-year to 569 out of 1,000. Only 12% of owners have enrolled in utility smart charging programmes despite 69% awareness, and just 20% of buyers received home charging guidance from their dealer.DISNEYLAND AUTOPIA GOES ELECTRIC IN 2027Disneyland will replace the petrol-powered cars on its iconic Autopia ride with electric vehicles in 2027 as part of Disney's goal to reach net-zero emissions by 2030, following a $56,000 settlement with the California Air Resources Board over emissions violations. Original Autopia car designer Bob Gurr, now 94, confirmed the new electric cars will keep the same dimensions and track layout, with upgraded lighting and sound effects added.
Join Lighthouse Horror on Patreon: Lighthouse Horror | PatreonNew Merch out! https://hauntedstuff.com/Art & Credits: ninerioartsMusic by Lucas King, Myuu, Kevin MacLeod & Darren CurtisOriginal YouTube link: I Work on an Oil Rig in the North Sea. There are 6 STRANGE Rules. Copyright © 2025 Lighthouse Horror. All rights reservedThank you for listening to this scary story! If you enjoyed this story, please check out some of my other horror stories. We'll be uploading new episodes every week, featuring ghost stories, haunted encounters, mysteries, true stories, creepypasta, and anything supernatural and paranormal. Don't miss out on the thrill and suspense that await you in each episode!
Allen covers NextEra’s potential $400 billion buy of Dominion Energy, US developers racing the July tax credit deadline, Ming Yang scouting Spain for a factory, Turkey opening its first offshore wind tender, and Hornsea 3’s first foundation going in. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes’ YouTube channel here. Have a question we can answer on the show? Email us! Allen Hall 2025: Good morning, everyone. The world is racing at the minute, and let’s start with the biggest race of all. NextEra Energy, the largest utility in America by market value, is in talks to buy Dominion Energy of Virginia. The price? It’s about $76 a share, roughly $66 billion. With debt, the combined company would be valued at about $400 billion. That would make it the largest power deal on record. A mostly stock transaction, at least that’s what’s being reported, and a deal could come as soon as this week. Pretty shocking. Now, why does this matter to wind? NextEra is [00:01:00] not just a utility. It is one of the largest renewable energy developers on the planet. And Dominion sits on top of Northern Virginia’s data center alley, the biggest concentration of data centers in the country. Dominion expects its peak demand to double by the end of the twenty-thirties, American power consumption hit a second straight record in twenty-twenty-five, and it’s still climbing. So the company that builds more wind and solar than almost anyone wants to merge with the company that serves the hungriest grid in America. That is a race to the top. But down on the ground, developers are running a very different kind of race. Wind projects under construction in the United States are up 60% since the start of twenty-twenty-five. Solar is up about 50%. Why the surge? Well, the clock is ticking. Tax credits for wind and solar were gutted in the one big beautiful bill. Projects must begin construction by July 4th [00:02:00] and prove they are building continuously to qualify. Under the Inflation Reduction Act, those credits were supposed to phase out at the end of twenty-thirty-three. Now that deadline is just a couple of weeks away. Developers are pushing hard on projects that can make it and abandoning the ones that cannot. One solar executive put it plainly: “A lot of the projects are going to die on the vine.” And that’s a real shame. Labor is short. Of course, electricians are in demand. Transformer lead times have stretched to 18 months because data centers are buying them too. Even permits are hard to get. Projects that touch federal land, of course, that once took a month to approve are now waiting up to a year. So while NextEra races to buy the grid, developers are racing to build before the door shuts. Now, across the Atlantic, there’s a different kind of race going on. Chinese turbine manufacturer MingYang [00:03:00] Smart Energy is looking for a new home, and quick. Back in March, Britain blocked the company’s plans for a one-and-a-half billion pound factory in Scotland, mostly based on security grounds. MingYang’s European chief, Horatio Evers, says the company is now talking to Spain and scouting other locations on the continent. He says MingYang wants to build turbines in Europe with a European workforce. And this is the part I don’t understand, ’cause European workforce tend to be more expensive. However, uh, MingYang wants to build that factory, but there’s a condition. They need a guarantee that their turbines will be allowed into the market, and so far that hasn’t happened. The European Commission launched a review of Chinese manufacturers back in 2024. Those findings are still unpublished. So MingYang is racing to find a country willing to say “Yes.” Further east, Turkey is entering the offshore wind [00:04:00] race for the first time. The government has defined four areas along its western coast, all on the Aegean, for its first ever offshore wind tender. Turkey’s energy minister says Turkey aims for five gigawatts of offshore wind by 2035. The country has committed $30 billion to transmission infrastructure. And Turkey already has 15 gigawatts of onshore wind spinning today. Turkey is, of course, a NATO ally, and it straddles Europe and Asia, and now it’s stepping into offshore wind. And finally, up in the North Sea, off the coast of Norfolk, England, 75 miles from shore, Cadeler of Copenhagen just installed the first monopile foundation at Hornsea 3. When complete, Hornsea 3 will be the single largest offshore wind farm on the planet. 2.9 gigawatts, 197 foundations, enough power for 3.3 [00:05:00] million British homes. The project is owned by Danish giant Ørsted and will bring 5,000 construction jobs to the region. Hornsea 1 and 2 are already spinning, and of course, Hornsea 4 is on the drawing board. So here’s the picture. America’s two biggest utilities are racing toward a $400 billion merger. Developers are sprinting to break ground before the Fourth of July. A Chinese turbine maker is searching Europe for a factory, and Turkey is marking out its first offshore wind zones. And over in Britain, they just planted the first foundation at the world’s largest wind farm. Everyone is racing. The only question is, who gets there first? And that’s the state of the wind industry for the 18th of May, 2026. Join us tomorrow for the Uptime Wind Energy podcast
We had 9 big stories today on the Energy News Beat Channel. We have new trading blocs forming around the world, and where will your country end up? 1. Cuba's Energy Crisis & Socialism's FailuresThe podcast opens with Cuba's blackout crisis, where the communist government admits fuel shortages. The host uses this as a cautionary tale about socialist and democratic socialist policies, comparing it to energy challenges in states like California, Ohio, Virginia, and New York, which have 38% higher electricity prices than the rest of the US.2. UK's Oil & Gas Policy & Energy SecurityThe UK's decision to permanently ban North Sea oil and gas licenses is criticized as economically damaging. Despite 75% of UK energy coming from oil and gas, the country imports most of it rather than drilling domestically. The host argues this undermines energy security and will contribute to broader EU economic decline.3. UAE's Strategic Energy ExpansionThe UAE is accelerating oil export infrastructure after leaving OPEC, planning to increase capacity from 3.5 to 5 million barrels per day. This is framed as a model of energy security through strategic infrastructure investment.4. China-US Trade Relations & Energy AlignmentThe Trump-Xi meetings show potential alignment on energy and trade. The host predicts a reshaping of global trading blocks around energy, with the US, Russia, China, Saudi Arabia, Japan, UAE, and India forming a major bloc, while the EU, UK, and Canada fall behind.5. UN Climate Panel's Admission on Failed PredictionsThe IPCC quietly admitted that extreme climate doomsday scenarios driving climate policy and trillions in spending were unrealistic. The host criticizes this as wasteful and links net-zero policies to "Democrat Socialism."6. Data Centers & Water/Farm ProtectionThe surge in AI data center construction (especially in Texas) raises concerns about water depletion and farmland loss. The host advocates for data center development but demands accountability and protection of agricultural resources.7. Iran Conflict & Global Oil SupplyDrone strikes on Iranian oil facilities threaten global oil supplies. The host warns that if the conflict continues, the world will face severe energy shortages within weeks.8. NextEra Energy Potentially Acquiring Dominion EnergyThis utility merger is analyzed as a strategic response to unprecedented power demands from AI data centers, though the host expresses uncertainty about its long-term benefits.9. Political Engagement & VotingThe podcast concludes with a call for civic participation—voting, local involvement, and accountability from politicians regarding energy policy and infrastructure.Overall Theme: Energy security, the failures of socialist policies, the need for domestic energy production, and the importance of strategic infrastructure investment.1.As Cuba Falls into Darkness, People See How Communism and Socialism Cannot Keep the Lights On2.UK Moves to Ban New North Sea Oil and Gas Licenses Permanently – UK Deindustrialization and further fiscal failure on the horizon3.The UAE is Doubling Down On Exports Around the Strait of Hormuz4.Who are the Winners and Losers from the China-US Meetings?5.UN Climate Panel Quietly Admits Its Doomsday Climate Scenarios Were ‘Implausible' – How much money has been spent on Net Zero because of lies?6.The data center doomers must be defeated – But not at the cost of our family farms and water7.Iran Attacks UAE Nuclear Plant: Drone Strike Hits Barakah Facility Amid Escalating Tensions8.NextEra Energy is possibly in Discussions to Acquire Dominion Energy: What does this mean for Consumers and Investors?9.AI Investments Keep Lining Up, But Are We Sure About Returns?Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/
Catherine McBride talks about her paper “Premeditated Industrial Destruction,” arguing UK net-zero policies have driven deindustrialization without lowering global emissions by shifting production and emissions to countries like China. They discuss UK energy reliance on fossil fuels (about 75–80%), gas backup for wind, bans and legal obstacles to new North Sea and shale projects while importing gas, and high industrial electricity costs from wind-related grid and balancing costs plus multiple carbon taxes. McBride criticizes EV mandates and fines, insufficient charging and grid capacity, and policies pushing carmakers and firms like BP away. She says EU net-zero rules hurt farming and industry, notes coal's role and storage advantages, questions activist funding (including alleged Russian support), and contrasts Norway's hydro and state oil strategy with UK decisions.00:00 Meet Catherine McBride00:11 How Net Zero Killed Industry02:37 Fossil Fuels Reality Check04:19 Importing Gas While Banning Drilling07:05 Norway Hydro And LNG09:33 Hybrids Versus Pure EVs11:54 EV Mandates And Car Industry Exit15:38 China EVs And Charging Limits19:05 Grid Can't Handle Electrification35:33 BP Profits Politics And US Option37:37 Free Speech Shift And Chris Wright Wish38:54 UK Cabinet Energy Illiteracy41:29 Coal Mines Versus Activists43:44 Europe's Coal Reality Check47:50 Batteries and Load Shedding51:45 Why Solar Fails in Britain53:48 Subsidies Warp Farming57:16 Tariffs and Media Blind Spots01:03:29 NGO Funding and Anti-Fracking01:06:29 Russia Gas Markets and Nord Stream01:08:52 Norway's Oil Wealth Playbook01:10:27 UK Bets on Carbon Capture01:11:37 Trees Beat Tech Wrap-Uphttps://x.com/CeeMacBeehttps://catherinemcbride.substack.com/Premeditated Industrial Destruction?: https://gbbc.uk/wp-content/uploads/2026/04/Premeditated-Industrial-Destruction-Final-6th-April-2026-with-added-security-issue-v2.pdf=========Slides, summaries, references, and transcripts of my podcasts: https://tomn.substack.com/p/podcast-summariesMy Linktree: https://linktr.ee/tomanelson1
Support us on Patreon---Just over one thousand years ago, an unknown scribe committed to vellum a fantastical tale of swordsmen and sea monsters, set not in contemporary Anglo-Saxon England, but instead in the distant swamps of Denmark, hundreds of years in the past and hundreds of miles away. In doing so, they would open a portal to one of the most mysterious and murky periods of European history. In this episode of Gladio Free Europe, Liam and Russian Sam return to the mighty mead-halls of the Migration Era for a discussion of Beowulf, the greatest work of Old English and one of the most fascinating documents of the early medieval world.The poem is effectively without parallel. It is a full-length heroic narrative written in Old English, whose eponymous protagonist is attested nowhere else. Though other works in this genre had been created, its sole survival and rediscovery made it the national epic of the English people, often compared to Homer's Iliad in both theme and content. As it was popularized in the early 19th century, the poem became useful to British, German, and even Danish nationlists who sought to use their ancient and medieval heritage to justify present-day political ambitions. But Beowulf does not belong to any existing society. Instead, it is an early medieval document of an idealized antiquity, possibly analogous to the role of King Arthur's Camelot to later medieval Englishmen. Beowulf provides a unique view into the Anglo-Saxon imaginary, illustrating how a deeply Christian population reckoned with their pagan past, and how the insular descendants of North Sea migrants understood their relationship to an ancestral home. But beyond its anthropological value, Beowulf is a mature reflection on ephemerality and loss. The setting, Heorot, is the most glorious of mead-halls, yet the audience knows from the start that it shall one day burn. Beowulf and King Hrothgar are the best of men, yet even their virtues cannot prevent the ruin caused by mankind's own doomed nature. The concept of wyrd, fate, features prominently in the poem. Despite not having a direct influence on the culture of high medieval and early modern England, Beowulf has profoundly shaped contemporary English literature. Its heroic narrative, prefiguring chivalric romance and King Arthur stories by several centuries, would inspire the career of J.R.R. Tolkien and shape the contemporary understanding of early medieval Northern Europe. Comparative studies with Norse and German literary works help us understand more fully the cold, courageous, and sometimes cruel world of early Germanic-speaking peoples. Most importantly, it is one of the most engaging and entertaining pieces of early fiction. Everybody, whether a proud Sea-Geat or a descendant of Cain, ought to read Beowulf.
You will NOT want to miss this episode of the Energy News Beat Global Oil and Gas Markets Update with our special guest Doomberg. We were live on LinkedIn and YouTube, and we had some great questions.We highly recommend subscribing to Doomberg's Substack at: https://newsletter.doomberg.com/1. Geopolitical Conflict & War ResolutionThe primary focus is on the potential end of the Middle East conflict (referred to as "World War III"). Doomberg argues that multiple signals suggest the war is concluding, including:An aircraft carrier leaving the GulfTrump's planned visit to BeijingGold trading patterns showing inverse correlation with war escalationDiplomatic activity (Iranian Foreign Minister visiting Oman, St. Petersburg, and Beijing)Market behavior suggesting peace is being priced in2. Global Energy Markets & Oil PricingExtensive discussion about oil market dynamics:Oil price projections (ranging from $50-$100+ per barrel)The impact of the conflict on global oil supplyStrategic Petroleum Reserve refilling strategyCalifornia's diesel crisis and energy independence issuesThe role of OPEC and its members (particularly UAE's exit)3. Global Realignment & New Trading BlocsThe emergence of new geopolitical alliances based on energy policies:A potential new world order with the US, Saudi Arabia, Qatar, UAE, India, China, and RussiaThe contrast between energy-friendly nations and "net zero" countries (EU, UK, Canada)The UAE's positioning as closer to Israel/US interestsIran's strengthened regional position4. UK Political PredictionsA bold prediction that Ed Miliband will become Prime Minister, based on:Current Labour Party vulnerabilitiesScandals affecting other potential successorsThe contrast between energy-knowledgeable leaders (like Liz Truss) being removed from powerMiliband as the "cleanest dirty shirt" in London politics5. Energy Policy & DeindustrializationCriticism of net-zero policies in Western nations:UK banning North Sea drilling while Norway increases productionEU energy policies creating dependencyWindfall profit taxes discouraging energy productionCalifornia's refinery closures creating fuel shortages6. Currency & Financial System ChangesDiscussion of potential shifts in global monetary systems:Possibility of Russia and China backing currencies with goldThe weaponization of the US dollar through sanctionsChina's blocking statute against US sanctionsThe end of the post-WWII order7. Personal Preparedness & Energy SecurityPractical discussion about:Home energy independence (solar, batteries, propane generators)Preparedness for grid outagesThe importance of self-sufficiencyCommunity resilience8. Media & MisinformationCommentary on:Fake Doomberg accounts on social mediaMainstream media coverage vs. open-source intelligenceThe role of Substack in bypassing traditional media gatekeepingPodcast listener metrics and platform independenceThe conversation weaves these topics together to paint a picture of a world transitioning from a US-dominated unipolar order to a multipolar system where energy policy and geopolitical alignment will be central to global power dynamics.Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/
This week it's the story of the cargo vessel MV Rema, lost in the North Sea in April 1998. The Sameer ProjectSources:Flooding and sinking of dry cargo vessel Rema with loss of 4 lives. https://www.gov.uk/maib-reports/flooding-and-sinking-of-dry-cargo-vessel-rema-off-whitby-england-with-loss-of-4-livesSupport the show
Gerard and Laurent welcome Tinne Van der Straeten, CEO of WindEurope—the leading voice of the wind industry in Europe, representing more than 600 members across the entire value chain. Tinne brings a distinctive perspective to the discussion. As Belgium's Minister for Energy during the 2022 Russian invasion of Ukraine, she experienced an energy crisis firsthand. Her background in policymaking offers a different vantage point from that of investors, shaped by the practical realities and trade-offs of government decision-making. The conversation highlights that, despite ongoing challenges, wind energy continues to expand rapidly across Europe, with €45 billion in final investment decisions recorded in 2025. There is now a clear opportunity to repower first-generation onshore turbines, which could double installed capacity and potentially triple electricity generation. Offshore wind also stands out as a major growth area, with the North Sea remaining the central hub, while the Baltic Sea is developing steadily and early signs of momentum are emerging in Spain. At the same time, the discussion points to the persistence of outdated, ideologically driven debates around energy sources—such as gas in Germany or nuclear in France—which increasingly feel disconnected from current realities. Policies like bans on onshore wind in Poland and offshore wind in Sweden illustrate decisions that risk slowing progress. A central theme is the urgent need to electrify demand, particularly through the adoption of electric vehicles, heat pumps, and the expansion of data centers. The conversation concludes by emphasizing that the missing piece is a large, integrated pan-European grid—potentially extending to Canada—combined with battery storage. Such infrastructure would accelerate decarbonization, support economic resilience, and help Europe regain control over its energy future.Sources:GWEC 2026 https://www.gwec.net/reports/globalwindreportWindEurope Wind Energy Statistics and Outlook Report https://windeurope.org/news/europe-invested-45bn-in-new-wind-energy-in-2025-market-tampering-would-put-future-investments-at-acute-risk/ WindEurope energy system cost study: https://windeurope.org/news/a-renewables-based-energy-system-will-save-europe-1-6-trillion/
The Scottish election is days away — and if you're a property investor or landlord, what happens on May 7th actually matters.
King Charles III's state visit to the US won acclaim as the monarch charmed President Donald Trump. But can it really rescue US-UK relations from their current dire state? The 'special relationship' – a term first voiced by Chatham House before becoming widely popularized by Winston Churchill – now seems not so special. Our experts discuss what Britain and Europe should do now that the US wants to bear less of the burden of European defence, whether Prime Minister Starmer is right to stand up to President Trump on Iran, and where all of this leaves the NATO alliance. On this week's panel, host Bronwen Maddox is joined by Laurel Rapp, director of the US and North America Programme at Chatham House. And by General Sir Richard Barrons, a former Commander Joint Forces Command who served in Iraq and Afghanistan and was one of the leaders of the UK's Strategic Defence Review 2025. He is now a senior consulting fellow with the International Security Programme. Produced by Podmasters for Chatham House, with thanks to Stephen Farrell. Read Chatham House's latest: AI export controls are not the best bargaining chip Mali attacks show security cannot be delivered by military means alone Norway can teach the UK about energy security – but the lesson is not more North Sea drilling Follow Independent Thinking on your favourite podcast apps.
Not every magical moment feels good, but you can always find magic in it. Some of the most powerful lessons and course corrections in life show up disguised as disappointments, embarrassments, and situations that leave you wondering what the point of any of it was. After decades of doing intuitive work and living a spiritually guided life, I can tell you with certainty that the magic is always there. Sometimes you just have to dig a bit deeper before you can see it. Lesson #1: You Always Have Choices For my 40th birthday I wanted to do something very different. During my 30s I had read everything I could find about the Findhorn Garden and loved each book. Founded in 1962 by Peter and Eileen Caddy and their friend Dorothy MacLean, the Findhorn Garden flourished against all odds. Located in Scotland, on the sandy shores near the North Sea, the garden miracle resulted from intuitive guidance from plant devas, nature spirits, and their own intuition. The produce yield was astonishing, including 40lb. cabbages. I actually had the sacred privilege of meeting Dorothy MacLean in the early 1990s when she traveled to the US. Completely enthralled with their connection to nature spirits and elementals, I booked a trip to Scotland as my 40th birthday present to myself. More than 20 years after the books I’d read were published, things had changed considerably. None of the original founders still lived there, and the program for first-timers was uninspiring. I arrived to cold, rainy weather. I was shown to a room I was sharing with four other women. The shower was freezing cold. And I was given the esteemed job of vacuuming the dining room. Apparently my 40th birthday gift to myself included communal living complete with snoring and a spiritual janitorial position. Not What I Expected The scheduled workshops each somehow managed to be less magical than the last. After enduring one particularly awful exercise that required birthing myself, I asked the female group leader if we were going to be rolling around on the floor any further. She didn’t take it well and started shouting at me. What did she shout? “You have choices!” Well, that was unexpectedly useful. What a fabulous and timely reminder. That night I changed my flights. The next morning I walked into the office, let them know I was leaving early, and asked for a partial refund. One woman explained, “We don’t do that.” My response was simple and polite: “Well, you will today for me.” And they cut me a check. The woman who handed it to me said with genuine astonishment, “When people leave early, they usually aren’t happy like you are.” That comment still makes me laugh. I was happy because I had choices and I acted on them immediately. Lesson #2: Course Correction Is Its Own Kind of Magic A friend asked if I wanted to take a mediumship class. I’d taken one before and knew it wasn’t a passion of mine. The part I enjoy is relaying messages from loved ones, but most classes focus on evidential work. This is about identifying who the spirits are, which doesn’t light me up. But my friend wanted me there and it was inexpensive, so I said yes. During the second session, the teacher joined our Zoom breakout room. We were told to focus on one woman as our subject. Since mediumship isn’t my strength, I often feel hesitant. But this day I decided to fully trust myself and say whatever came to me. I was going for it! I picked up on a lot of details and was relaying them confidently when the teacher stopped me mid-stream: “Ok, Ronnie, let’s move on from that. I’ll explain why later.” Later came in front of over 80 people on the full group call. Her explanation? “What you were saying — you were making it up.” I wanted to crawl under a rock. Nothing like public humiliation to really open your psychic channels. Here’s where I netted out. Do I believe she can see every spirit that shows up and is 100% infallible? No. That’s a rather bold claim. Was everything I said completely wrong? I doubt that too. Maybe I was picking up on spirits simply not related to the subject — this happens all the time. Regardless, one thing was crystal clear. I had choices. And my choice was that this class wasn’t bringing me joy or serving my highest path. I stopped attending. A couple of weeks later the teacher reached out to ask why. I explained that being embarrassed in front of 80+ people didn’t call to me for more. This was a simple course correction. Not too glamorous, but that’s the magic. Lesson #3: Remember Who You Are I had landed a great spot in a day-long online summit with a wonderful lineup of speakers. Very exciting! The morning of the event I went to check out the schedule and discovered another speaker whose talk description appeared to borrow and rephrase much of what I had written about myself for this very summit. I was astonished and filled with anger. That’s not exactly the centered energy I was hoping for before my own talk. I called a friend to vent. That didn’t help or change anything. Shocking, I know. So I meditated, and from that place I asked my higher self, my guides, and angels: What is this about and what can I do? Here’s what came through: “Remember who you are and what you’re good at. Does her copying you affect your presentation? Can she deliver this information with the same knowledge or passion? No.” “You cannot control what others do, but you can let your energy drain away rather than focus on yourself and the opportunity in front of you. Be your best and let the chips fall where they will.” I pulled myself together and gave a wonderful, energizing presentation. I did my best and the copycat never crossed my mind again. Everything Is Magic I’ve done quite a bit of somatic healing work with my friend Jen Aks, founder of The Power of Gesture. One day I’d been through some unmagical event and worked through the emotion to release it with Jen. I told her what happened and how I was said that I didn’t get to experience the magic. Then she asked where I felt that in my body and what gesture could represent that. I demonstrated the showed and then another that followed showing I had moved on. This last gesture was like swimming, with one arm out in front of me at a time. As tears welled up in my eyes, what became clear was that I hadn’t missed out on any magic at all. As it turned out, EVERYTHING IS MAGIC! The Bigger Magical Picture Not everything is fun or exciting in a positive way and that’s okay. These three experiences still delivered practical magic. They redirected my attention and helped me course correct. Sometimes I needed time to look deeper for the message. Other times it was clear as day, even if I wasn’t thrilled about it. There truly is magic in everything. When something unpleasant happens, the practice is to calm yourself, take a step back, and look for the message or meaning. That’s when you can appreciate how things unfolded and what came next. So yes, it is absolutely okay to ask, “Where’s the f*ing magic in that?” And then look for it. That’s exactly how you find it. So, Where Is the Magic? Magic doesn’t always feel fun, uplifting, or even remotely pleasant in the moment Disappointing experiences often carry the most practical and redirecting lessons You always have choices, even when situations feel out of your control Course corrections are a form of magic, even when they’re unglamorous or not fun Remembering who you are and what you’re good at is its own kind of spiritual practice Looking for the lesson, even when you’re frustrated, is how you tune into and notice more magic Frequently Asked Questions What does it mean to find magic in a bad situation? It means looking for the lesson, message, or course correction that a difficult experience is offering you. The magic isn’t always fun or exciting. Sometimes it’s as simple as realizing you have choices, or that something isn’t serving your highest path and it’s time to move on. Do you have to be spiritual to find magic in hard times? Not at all. The core practice here is self-awareness. Pause when something goes wrong and asking yourself what this experience is redirecting you toward. That’s accessible to anyone, regardless of their spiritual background or beliefs. What do you do when you’re too angry or upset to see the lesson? That’s completely normal and human. The first step is simply to acknowledge the feeling rather than push through it. Meditation, talking to a trusted friend, or any practice that helps you calm your nervous system creates the space needed to step back and see things more clearly. Can this way of thinking apply to serious loss or trauma? This approach is really meant for everyday frustrations and disappointments — the situations that make you stop and think, seriously, where is the magic in this? It is not a framework for processing grief, trauma, or serious loss, which deserve their own care, time, and support. The post Where’s the F*ing Magic in That? appeared first on Intuitive Edge.
Allen covers WindEurope Madrid, the ten-point Call to Action, Vestas CEO Andersen’s mission impossible warning, Siemens Gamesa’s narrowing losses, and CNC Onsite’s deals in Asia. Sign up now for Uptime Tech News, our weekly newsletter on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on YouTube, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary’s “Engineering with Rosie” YouTube channel here. Have a question we can answer on the show? Email us! Good Monday, everyone. This past week… some big things happened in Madrid. Fifteen thousand wind energy people from every corner of the world walked into the same room. They came to talk. They came to listen. They came to ask for help. And they came to warn. The WindEurope Annual Event opened on Tuesday, the twenty-first of April, with six hundred twenty exhibitors and four hundred speakers across three days. Spain’s Prime Minister Pedro Sanchez gave the opening address. Fourteen national ministers stood on the stages, alongside European Commission Executive Vice President Teresa Ribera and European Commissioner for Energy Dan Jorgensen. And the message coming out of Madrid… was a single piece of paper. They called it the Madrid Call to Action. Ten points. Ten things European governments need to do… right now. Fast-track permitting, and treat wind as overriding public interest. Award at least eighty percent of wind auction bids… no more artificial scarcity. Repower aging wind farms and triple their output with fewer turbines. Multiply EU grid funding by five. Zero VAT on heat pumps and electric vehicles. And permanently cut taxes on electricity… because homegrown power should be the cheapest power. The framing was simple. From crisis… to confidence… in a decade. But while the speeches were polite… the panels were not. On Thursday afternoon, Vestas chief executive Henrik Andersen took the microphone, and he did not mince words. Andersen called it mission impossible. He told politicians to stop submitting wish lists for new auctions. He pointed at Denmark’s recent failed offshore auction… an auction that no developer would even bid on. And he pointed at countries trying to build a three-dimensional CSRD into the next tender. Then he delivered the line that quieted the room. If we don’t get this under control… we’ll be sitting here in five years… begging to keep the lights on. Now… while the warnings were echoing through Madrid… something quieter was happening on a balance sheet in Munich. Siemens Energy released preliminary second-quarter results on Wednesday, and then raised their full-year outlook. Group orders for the quarter came in at seventeen point seven billion euros… up almost thirty percent year on year. Net income for the full year is now expected to be around four billion euros, with Grid Technologies orders alone up forty-one percent. And the wind unit… Siemens Gamesa… their losses narrowed to forty-four million euros. A year ago, that number was two hundred forty-nine million. Still in the red. Still operating at a margin of negative one point seven percent. But the trend is clear. The Spanish wind unit is closing in on break-even. After years of crisis… after billions of euros in impairments… Siemens Gamesa is healing. Now back to Madrid. Because last Thursday, WindEurope published a different kind of paper. Not about money. Not about megawatts. About sabotage. Across Europe’s seas, energy infrastructure has become a target. Cables, substations, offshore platforms… spread across thousands of square kilometers of open ocean… difficult to protect. WindEurope Chief Executive Tinne Van Der Straeten said it plainly. The physical security of Europe’s wind turbines must be treated as an integral part of energy security… not as an afterthought. The policy paper calls for civilian protection, not military. Risk-based and proportionate, with clear cost allocation between government and industry. Wind farms now generate twenty percent of Europe’s electricity, and the North Sea countries have pledged three hundred gigawatts of offshore wind by twenty fifty. That is a lot of critical infrastructure… sitting in the open ocean. But here is where Madrid got uncomfortable. Vestas’ senior vice president stood on a panel Wednesday afternoon and offered a reality check. The EU has set a goal of twenty-two gigawatts of new wind installation every year through twenty thirty. What is the reality? The EU installed fifteen gigawatts in twenty twenty-five. Sixteen the year before. There is a gap… between political will, goals, and promises… and the reality we see in the market. The Madrid Call to Action wants to close that gap. The paper exists. The politicians have been told. Now… we wait. And while the speeches were happening in Madrid… a small Danish company was quietly opening doors in Asia. CNC Onsite… a wind sector subsupplier… signed two deals this month. One with Dutch firm WE4CE for Thai customer Cewa Plus, a deal that opens twelve Asian countries. The technology? A specialized machine that drills out the steel bushings holding a wind turbine blade to the hub, so they can be replaced without scrapping the blade. Repair on site. Save the blade. Extend its life. The second deal… a CNC milling machine sold into Japan for offshore monopile and foundation work. CEO Soren Kellenberger says the combined opportunity could deliver up to fifty million Danish kroner in revenue… roughly six point seven million euros. Not big numbers. Not yet. But while everyone in Madrid was talking about politicians… CNC Onsite was signing contracts in Bangkok and Tokyo. The number of wind turbines reaching the age where their blades need replacing… Kellenberger calls it… huge. So let us step back. In Madrid, fifteen thousand people gathered. A ten-point plan was published. A CEO warned of mission impossible. A trade association said the offshore turbines need physical protection from sabotage. In Munich, a balance sheet showed the wind business is healing… slowly, quietly, quarter by quarter. And in Bangkok, a Danish technician was teaching a Thai partner how to drill out a steel bushing. Six stories. One week. The wind industry showed up… asked for what it needed… and put the numbers on the table. The financial proof is starting to come. The political follow-through… we wait. And that is the state of the wind industry for the 27th of April… 2026. Join us for the Uptime Wind Energy Podcast tomorrow.
How long will Starmer cling on for? Will politicians sucking up to Northerners make any difference to the North South divide? What's the latest with the Strait of Hormuz and how is it impacting global prices? How is that feeding through to inflation here? Is Miliband right to stop more oil being drilled in the North Sea and what's his plan to bring down energy bills? After another week of Mandelson drama, Robert takes us behind the scenes and Steph looks at examples in business where bad vetting has had disastrous consequences. Plus all the latest on the markets. The Rest is Money is brought to you by Octopus Energy, Britain's smart energy pioneer. Email: therestismoney@goalhanger.com X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: Partnerships@goalhanger.com Learn more about your ad choices. Visit podcastchoices.com/adchoices
Intelligent Design ep. 823 Roger Ley has self-published eight novels and one anthology of speculative stories. He was born and educated mainly in London, but spent some of his formative years in Saudi Arabia. Later, he worked as an engineer in the oilfields of North Africa and in the North Sea before starting a career in higher education teaching computer-aided engineering. His early articles appeared in publications including The Guardian, Reader's Digest, The Oldie, and Best of British. His short stories have been published on a multiplicity of websites and broadcast on BBC Radio. He lives in Suffolk (UK). Visit his website at rogerley.co.uk His Amazon author page is at https://www.amazon.com/stores/Roger-Ley/author/B01KOVZFHM More TTV Stories by Roger ley: https://talltaletv.com/tag/roger-ley/ ---- Listen Elsewhere ---- YouTube: https://www.youtube.com/c/TallTaleTV Website: http://www.TallTaleTV.com ---- Story Submission ---- Got a short story you'd like to submit? Submission guidelines can be found at http://www.TallTaleTV.com ---- About Tall Tale TV ---- Hi there! My name is Chris Herron and I'm an audiobook narrator. In 2015, I suffered from poor Type 1 diabetes control which lead me to become legally blind for almost a year. The doctors didn't give me much hope, predicting an 80% chance that I would never see again. But I refused to give up and changed my lifestyle drastically. Through sheer willpower (and an amazing eye surgeon) I beat the odds and regained my vision. During that difficult time, I couldn't read or write, which was devastating as they had always been a source of comfort for me since childhood. However, my wife took me to the local library where she read out the titles of audiobooks to me. I selected some of my favorite books, such as the Disc World series, Name of the Wind, Harry Potter, and more, and the audiobooks brought these stories to life in a way I had never experienced before. They helped me through the darkest period of my life and I fell in love with audiobooks. Once I regained my vision, I decided to pursue a career as an audiobook narrator instead of a writer. That's why I created Tall Tale TV, to support aspiring authors in the writing communities that I had grown to love before my ordeal. My goal was to help them promote their work by providing a promotional audio short story that showcases their writing skills to readers. They say the strongest form of advertising is word of mouth, so I offer a platform for readers to share these videos and help spread the word about these talented writers. Please consider sharing these stories with your friends and family to support these amazing authors. Thank you! ---- legal ---- All stories on Tall Tale TV have been submitted in accordance with the terms of service provided on http://www.talltaletv.com or obtained with permission by the author. All images used on Tall Tale TV are either original or Royalty and Attribution free. Most stock images used are provided by http://www.pixabay.com , https://www.canstockphoto.com/ or created using AI. Image attribution will be declared only when required by the copyright owner. Common Affiliates are: Amazon, Smashwords
Noa Besner and I actually met in person at the Indianapolis Monumental Marathon shakeout run last fall — and I'm so glad we finally sat down to record together. Noa is a New York City-based runner, run coach, and co-founder of Paces & Places, a new travel company bringing small groups of runners to international races.During this episode, sponsored by Batch, we talk about:Getting into running completely by accident at 25 — skipping gym class courtesy of a mom-written note, then doing a charity half marathon when a friend got injuredHer first marathon: Nashville, 95 degrees, hilly, and a complete struggle — and why it made her want to do another one immediatelyGoing from a 5:32 at Nashville to a 3:26 PR What actually moved the needle: cross training, strength work, recovery, getting a coach, and building a real mental gameCoaching for New York Road Runners — and how it's a full circle moment from when she was Level 1 of 20 in one of their beginner groupsThe philosophy behind keeping her coaching roster small and truly customizing plans around her athletes' livesThe time she ran Vancouver with a broken leg and didn't know it (whoops)Her approach to racing for time vs. racing for experience — and how not every race needs to be a PRPrep habits for time-goal races: driving the entire course, watching ride-along videos, memorizing every hillHer 26 mantras — one per mile — including Mile 18 which is always "shut up buttercup"
Watch the show on television by downloading the e360tv channel app to your Roku, LG or AmazonFireTV. You can also see it on YouTube.Devin: What is your superpower?Mark: Ability to see problems as opportunities for improvement and innovation.When the electricity goes out, having reliable backup power can make all the difference. Imagine a generator so quiet and lightweight that it can be placed right next to your CPAP machine or refrigerator in your bedroom. This is exactly what Mark Collins, CEO of Emission Free Generators Inc, has achieved with the Zen H2 Generator—a groundbreaking innovation in emission-free energy.The generator works in tandem with proprietary energy cartridges filled with a unique, powdered material. When water is added, the cartridge produces just the right amount of hydrogen, which is immediately converted into electricity. Mark explained, “You only create the amount of electricity that you need to power that single device. It's a very, very efficient way of supplying electricity to specific objects.”Unlike traditional generators, which are noisy, smelly, and potentially dangerous due to emissions and exhaust, the Zen H2 is quiet, safe, and environmentally friendly. The system operates without high-pressure hydrogen storage or cables snaking across your home. “You can put this right in the bedroom next to the CPAP machine, safely, quietly operating,” Mark explained in today's episode.This innovation is especially valuable for people relying on medical devices or those interested in sustainable energy solutions. Beyond emergency backup at home, the generator also holds promise for areas in the developing world where access to electricity is limited.Mark and his team are raising capital via Wefunder to bring the Zen H2 Generator into full-scale production. Crowdfunding was a natural choice for the company; it provided a way to test their product concept in the market and connect with stakeholders. “We've had over 400 investors… It's taught us a lot about what people want, their comments, their needs,” Mark said.Investors also have the opportunity to earn early access to the generator, making this campaign not just an investment in clean technology, but one in practical innovation that transforms lives.The Zen H2 Generator has the power to change how we think about electricity both at home and around the world. With emission-free energy production that's safe and easy to use, Mark's invention could make noisy, traditional generators obsolete.tl;dr:Mark Collins introduces Zen H2, a quiet, emission-free hydrogen-powered generator for emergency backup at home.The generator works with innovative cartridges producing hydrogen on demand without high-pressure storage.Mark discusses his decades of entrepreneurial experience and successful, purpose-driven innovations.The company is crowdfunding to scale production, connecting with over 400 WeFunder investors.Mark emphasizes persistence and purpose as the driving forces behind solving big, global problems.How to Develop Relentless Problem-Solving As a SuperpowerMark's superpower is his ability to see problems as opportunities for improvement and innovation. He shared in today's episode, “The main thing that keeps me really buoyant… is just looking at a problem and saying, there has to be a better way.” This passion drives his determination to create solutions that benefit not just a few, but entire communities.After selling a company he had built over 11 years, Mark found himself at odds without purpose. He described being in a “heavy funk” during his brief retirement, struggling to find fulfillment. He rechanneled this energy into new opportunities by diving back into his natural gift for problem-solving. This led to the initial development of what would become the Zen H2 Generator, an invention focused on solving real-world challenges with clean, reliable power.Tips for Developing Relentless Problem-Solving:Start by questioning the status quo: If something isn't working well, ask how it could be improved.Simplify your ideas: Break down a challenge into actionable, practical steps for innovation.Surround yourself with a team that complements your strengths and moves your ideas forward.Stay persistent and adaptable dust yourself off after setbacks and tackle problems from new angles.Focus on scalable solutions that make a broad impact, not only for yourself but for others.By following Mark's example and advice, you can make relentless problem-solving a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Stay Cool This Summer!Guest ProfileMark Collins (he/him):CEO, Emission Free Generators IncAbout Emission Free Generators Inc: Emission Free Generators (EFG) is a clean energy technology company redefining portable power through its breakthrough ZenH2 generator. Designed to address rising power outages in developed markets and electricity scarcity globally, ZenH2 produces hydrogen on demand to generate quiet, zero-emission electricity without stored fuel or combustion. Unlike traditional gas generators or solar-only systems, ZenH2 delivers reliable, indoor-safe power anytime, anywhere — providing energy resilience for homes, RVs, apartments, remote workers, and off-grid communities. EFG's mission is simple: deliver clean, dependable power where and when it's needed most.Website: emissionfreegenerators.comCompany Facebook Page: facebook.com/profile.php?id=61575175415065LinkedIn Profile: linkedin.com/company/emission-free-generatorsInstagram Handle: @emissionfreegeneratorsOther URL: wefunder.com/emissionfreegeneratorsBiographical Information: At 21, I began my business life as a professional commercial diver in the North Sea- a demanding, hazardous environment that forged my commitment to discipline, calculated risk, and teamwork under pressure. Those early years shaped the way I approach every venture: with precision, resilience, and a deep respect for systems that work reliably when the stakes are high.Over the decades, I've become a serial inventor and entrepreneur, developing multiple inventions that span mechanical, electrical, and chemical engineering disciplines. I've founded companies in six countries and successfully exited three, building products and processes for consumer, commercial, and military applications. Along the way, I've established manufacturing lines, designed production techniques, and developed robust intellectual property strategies—bridging the gap between innovative thinking and scalable execution.LinkedIn Profile: linkedin.com/in/mark-collins-9360677/Get Your $50 Investment CreditSupport Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include Novica, High Desert Gear, and Climatize. Learn more about advertising with us here.Max-Impact Members(We're grateful for every one of these community champions who make this work possible.)Brian Christie, Brainsy | Cameron Neil, Lend For Good | Carol Fineagan, Independent Consultant | Hiten Sonpal, RISE Robotics | John Berlet, CORE Tax Deeds, LLC. | Justin Starbird, The Aebli Group | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear | Mark Grimes, Networked Enterprise Development | Matthew Mead, Hempitecture | Michael Pratt, Qnetic | Mike Babbit | Coledger Solutions | Mike Green, Envirosult | Nick Degnan, Unlimit Ventures | Dr. Nicole Paulk, Siren Biotechnology | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Scott Thorpe, Philanthropist | Sharon Samjitsingh, Health Care Originals | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.SOCAP Open: My panel, “Who Decides Where Impact Capital Goes?” with Lyneir Richardson and Jenny Kassan as proposed by Paul Lovejoy at Stakeholder Enterprise is in the public voting round for SOCAP Open in Chicago. Community votes help shape the SOCAP agenda (about 20% of the selection process), so every vote matters. Please take a moment to vote for our session before the deadline. Thank you!SuperCrowd Impact Member Networking Session: Impact (and, of course, Max-Impact) Members of the SuperCrowd are invited to a private networking session on May 19th at 8:00 PM ET/5:00 PM PT. Mark your calendar. We'll send private emails to Impact Members with registration details. Upgrade to Impact Membership today!SuperCrowdHour, May 20, 2026, at 12:00 PM Eastern. Devin Thorpe will lead a session on “How to File Your Form C-AR Yourself for Free!” Designed for founders and issuers navigating regulated investment crowdfunding, this practical session will walk attendees through the annual Form C-AR filing process and show how to complete it independently—without unnecessary legal or filing expenses. Devin will explain what information is required, common mistakes to avoid, important deadlines to remember, and how staying compliant helps build trust with investors while protecting your raise. Whether you've recently closed an offering or are preparing for your first annual report, this SuperCrowdHour will provide a clear, cost-effective roadmap to filing your Form C-AR with confidence. Register here: https://thesupercrowd.com/20may26SuperCrowd26 featuring PurposeBuilt100™: This August 25–27, founders, investors, and ecosystem leaders will gather for a three-day, broadcast-quality global experience focused on disciplined capital formation, regulated investment crowdfunding, and purpose-driven growth. We're bringing together leading voices in impact investing, compliance, digital marketing, and circular economy innovation to deliver practical frameworks, real-world case studies, and actionable strategies. The event culminates in the PurposeBuilt100™ Showcase, recognizing 100 of the fastest-growing purpose-driven companies in the U.S. Register now to secure your seat and get all the details. August 25–27, streaming worldwide.Share the application for the PurposeBuilt100™: Purpose-driven founders deserve recognition. The PurposeBuilt100™ application window is now open—celebrating the fastest-growing companies building profit with purpose. If you know a founder creating real impact and real growth, please share this opportunity. Applications are free and confidential. Explore the program and apply today: PurposeBuilt100.com.Superpowers for Good Live Pitch on e360tv — June 3, 2026. Purpose-driven founders raising capital through Regulation Crowdfunding are invited to apply by May 6, 2026, for a chance to pitch live to a national audience of investors and impact champions.Community Event CalendarSuccessful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events.Want to Work to Clean Up Fashion? Career Choices in a Challenging Environment (Washington, DC | Tue, April 21, 2026 | 11:30 AM–1:00 PM EDT): Join Women for Women's Wear during DC Climate Week for an interactive roundtable + networking on building a career in sustainable fashion—whether you're exploring a new path, considering a pivot, or looking to drive impact from within your current role. Hear practical insights from professionals across apparel/footwear, government, technology, and finance, and leave with clearer next steps (bring your lunch; refreshments served). Limited space—registration subject to approval (Chatham House Rules apply). Register: https://luma.com/yyz01e4iFashion and the Climate Crisis: Policy and Innovation for a Cleaner Industry (Washington, DC | Tue, April 21, 2026 | 3:00–4:30 PM EDT): Join Loop Labs and Women for Women's Wear during DC Climate Week 2026 for a high-energy session on how policy, innovation, and entrepreneurship are reshaping fashion—featuring a policy panel on sustainability standards and supply-chain transparency, curated networking across government/industry/creatives, and a sustainable fashion showcase spotlighting circular designs from DC-area makers. Limited space—registration subject to approval. Register: https://luma.com/1ns7cqsjEarthstock Summit, Ojai, CA, May 29-31: The Earthstock Regenerative Summit in Ojai brings together leaders and community members for panels, workshops, films, music, and hands-on projects focused on regenerative agriculture, ecological design, resilience, health, and sustainable living.Save the Date! October 20th and 21st will be the Crowdfunding Professional Association Regulated Investment Crowdfunding Summit for 2026. This is the event of the year for everyone in the crowdfunding ecosystem.If you would like to submit an event for us to share with the 10,000+ changemakers, investors and entrepreneurs who are members of the SuperCrowd, click here.Manage the volume of emails you receive from us by clicking here.We share educational information—not investment advice. Some links may generate compensation. See our full disclosure.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe
War in Iran. Energy bills set to spike again this summer. Electricity prices that have gone from among the lowest in Europe to among the highest. And a Government that appears to believe the answer is simply to press on.But Dr Gerard Lyons, research fellow at the Centre for Policy Studies, isn't arguing for abandoning the green transition. Instead, he says the way Britain is pursuing Net Zero is making the country poorer, less competitive, and more exposed to exactly the kind of international shocks that good energy policy is designed to absorb.The problem is substitution over addition — replacing fossil fuels before the renewable system is ready to carry the load, and loading the cost of transition directly onto household and business bills. The fix, Lyons argues, requires treating the energy transition as long-term infrastructure, financed through borrowing and repaid over generations. It requires nuclear — urgently, and at scale. It requires a stable tax regime for the North Sea. And it requires fixing a market design that means consumers pay gas prices even when the wind is blowing.Britain led the world in cutting emissions, and it could yet lead the world in doing so affordably. But Lyons warns that the current path risks making the green transition synonymous with economic pain — and that is a political and economic failure the country cannot afford.Despatch brings you the best writing from CapX's unrivalled daily newsletter from the heart of Westminster.Stay informed with CapX's unmissable daily briefings from the heart of Westminster. Go to capx.co to subscribe. Hosted on Acast. See acast.com/privacy for more information.
Good Sunday to youI'm still finding my feet having just got back from Namibia. I've got a full country report coming, as well as a portfolio piece. But I've been thinking further about the country's potential since Wednesday's note.Namibia has almost everything. Resources. Location. Roads. A small population. On paper, it should work.And yet.Driving through Windhoek, the capital, my guide pointed out a hospital: the Katutura State Hospital.“You don't want to get sick here,” he said.It didn't look too bad from the outside. A bit craggy. But I've seen worse.The place is infamous apparently. Rats. Endless waits. People lying untreated in corridors. People deliberately go at 3 in the morning, because it betters your chances of being seen the next day. My guide described his own time there when he broke his arm last year. Oof. It makes NHS Accident and Emergency waiting times look slick.Across the road, stood a gleaming monstrosity - the SWAPO (ruling party) headquarters. Brand new. Vulgar. Expensive. Impossible to miss.It wasn't discreetly tucked away. It was right there, bearing down on the hospital. My first reaction was simply how ugly it is. A few years and that will look truly horrible, I explained to my guide, who seemed baffled by my prediction.His point, however, that I hadn't yet thought of, was simply how the building had attracted controversy: all that money being spent on what is essentially a vanity project, with the hospital over the road.It was built by the Chinese, funded through a grant from the Chinese government, rather than a commercial loan, at a cost of $50–60 million (figures vary). Because it's a grant, it doesn't sit as formal public debt. What could the Chinese possibly want in Namibia. (Clue Namibia, among other things, is the world's 3rd largest uranium producer and the Chinese pretty much control the 3 largest uranium mining companies operating there. Then there are all those other resources too)There, in a single snapshot, lies the problem. A classic of the resource curse genre. Easy money distorts behaviour. In theory, natural resources should make a country rich. In practice, they often do the opposite. Incentives determine the outcome.If a government can fund itself from its natural resources, from its oil or metal, what does it care about tax payers? If it doesn't rely on its citizens, it doesn't feel accountable to them. Instead of serving the public, the state begins to serve itself.Money flows in. It gets spent badly, siphoned off, used to entrench power.At the same time, the rest of the economy suffers. Why build a broad industrial base when the ground is already doing the work for you? You end up with a narrow, fragile system built around extraction.Two countries with similar resources can end up in completely different places.Norway built institutions, saved its oil wealth, invested for the long term. Venezuela (which has greater oil resources than even Saudi Arabia), spent it, politicised it and hollowed out everything else.Don't get me started on what the UK did with its oil. (First thing the government should do Monday morning by the way is renegotiate North Sea division with Norway). Same starting point. Opposite outcomes. One has one of the lowest GDP per capitas in the world, the other has one of the highest. The difference is governance. Incentives. Culture.Namibia now has some choices to make. It is somewhere near the beginning of that path. It has oil discoveries offshore. It is already a major uranium producer. It has copper, gold, rare earths, diamonds, zinc, lithium and tin. Fish. The opportunity is obvious.But so is the risk. The easy choice is to follow the same path as most of the rest of Africa. The harder choice now, but one that will result in better outcomes, is one of good governance.The debate around that SWAPO headquarters touches on exactly this point. Despite what I've said, there is no single scandal you can point to and say “there it is”. It's all a bit more murky. But the criticism you hear, quietly and repeatedly, is about priorities. Why spend heavily on political infrastructure when basic services are under strain? Why is the party so well housed while public systems struggle? There are major questions too, as with much infrastructure in Africa, about foreign financing and influence, especially from China. You don't need a formal corruption charge to expose everything. You can see it in how capital is allocated.Oddly, the countries that often do best are those with very little as far as natural resources are concerned. Hong Kong, Singapore, even Venice a millennium earlier. There was no safety net. They were forced to trade, to manufacture, to compete. They had to create value because there was none sitting in the ground.Namibia doesn't have that pressure. So it has to choose discipline, and that is the hard part. When you see a failing hospital on one side of the road and a gleaming party headquarters on the other, it tells you something about priorities. Never mind what politicians say, look at what they do.I'll be back with more later this week.Thank you for being a subscriber to the Flying Frisby.Until next time,DominicIf you live in a third world country such as the UK, I urge you to own gold or silver. The pound will be further devalued, as will the euro and dollar. The bullion dealer I use and recommend is The Pure Gold Company. They deliver to the UK, the US, Canada and Europe. More here.PS Here is this week's piece. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe
Briana Gervat is a historian, photographer, and an author who recently published her memoir, There Will Come Soft Rains: A Journey Along the Western Front.She is the first woman to walk the "Western Front Way" solo.In 2022, just as the world began to open after the isolation of a global pandemic, Briana Gervat set out to walk the length of the Western Front. Beginning at the border that France shares with Switzerland she went into the wild in search of hope and in search of peace. For 500 miles, she climbed over the mountains of the Vosges, through the battle-scarred landscapes of Verdun, the Marne, and the Somme, all the way to the North Sea in Belgium. It was not only a journey of 36 days, but a journey through a period of history that we have learned nothing from, only how not to repeat it. It is the story about what it means to walk through the remnants of history to feel its reverberations, to listen to its echoes, and with hope, to learn something along the way.he way you tell your story online can make all the difference.Very commendable and throught-provoking.Check out her website:https://www.theperegrinepilgrim.com/http://www.malcolmteasdale.com
Dated Brent's record high assessment by Platts of $144.42/barrel stole the headlines on April 7, but physical market fundamentals in the Atlantic basin have similarly brought cash differentials for individual crude oil grades across the North Sea, West Africa and the Mediterranean upwards to levels that, in some cases, have never been seen before. In this episode, Associate Director Emma Kettley is joined by frontline reporters Ernest Puey and George Delaney to explore the impact the war in the Middle East is having on the physical crude oil markets in the European and African region.
Today we take a look at Rachel Reeve's latest move to build confidence with the worst type of Briton: The Dubai Influencer. We also discuss Mark Zuckerberg's latest effort to build a machine in his own pale image. And for the main course, we dine down on a plate of "drill baby drill never works...but it could work for us," and do the number thing at North Sea gas. Subscribe for three whole bonus episodes a month: https://www.patreon.com/praxiscast Watch streams: https://www.twitch.tv/praxiscast Buy shirts: https://praxiscast.teemill.com/ Follow us: https://bsky.app/profile/praxiscast.bsky.social Cast: David - https://bsky.app/profile/sanitarynaptime.bsky.social Rob - https://bsky.app/profile/trufflehog.bsky.social Alasdair - https://bsky.app/profile/ballistari.bsky.social
Ian Collins unpacks the latest statement made by Labour grandees Lord Robertson and Lord Hutton demanding welfare cuts for defence, accusing The Prime Minister Sir Keir Starmer and The Chancellor of The Exchequer Rachel Reeves of dangerous dithering. Meanwhile, the IMF warned Iran's energy shock will hit Britain hardest in the G7, squeezing growth, inflation and living standards. Across the pond President Donald Trump blasted The Energy Secretary Ed Miliband's North Sea drilling ban as “crazy”, intensifying pressure over Britain's energy security and net zero.Wake up with Talk Breakfast in full on YouTube, DAB+ radio, Freeview 280, Fire TV, Samsung TV Plus or the Talk App on your TV from 6am every morning. Hosted on Acast. See acast.com/privacy for more information.
In this episode of Holyrood Sources, Calum Macdonald, Geoff Aberdein, and Andy Maciver dive into the most heated moment of the campaign so far: the Channel 4 leaders' debate. We break down the explosive exchange between Scottish Labour's Anas Sarwar and Reform UK's Malcolm Offord, and ask if the alleged "backroom deal" has any basis in reality.In this episode:The Debate Fallout: Was the Sarwar-Offord clash a turning point or just "petulent nonsense"?Polling Deep Dive: We analyse the latest YouGov MRP poll—is an SNP majority of 67 seats actually possible?Manifesto Week: Breaking down the key pledges from Scottish Labour and the Scottish Greens.The "Battle Bus" Myth: Geoff reveals why you rarely see leaders actually traveling on their branded buses.Listener Questions: From the UK's counter-argument for independence to the journey of a barrel of North Sea oil.---Subscribe to our mailing list at holyroodsources.comEmail us with thoughts, questions and your own analysis: hello@holyroodsources.comDrop us a Voice Note or WhatsApp: 0333 404 6507 Hosted on Acast. See acast.com/privacy for more information.
The man who wrote Keir Starmer's defence review says the Government is putting the UK ‘in peril' at a time of war.With more pressure to overhaul the defence budget, Sam reveals that talks going on this week to find billions of pounds worth of savings from this year's MOD budget.Also – has Ed Miliband shifted his stance on new North Sea oil and gas drilling?Plus, in our weekly polls check-in: are the Greens shifting the dial of momentum in their favour?
The war in Iran and the closure of the Strait of Hormuz have focused attention on skyrocketing energy prices, leading to demands to encourage more output from the North Sea and causing travel chaos in Ireland. But bills were already high before this happened. This discussion with three experts, recorded at the Battle of Ideas festival 2025 at Church House in London, explains why - war or no war - we're all paying too much for energy. ORIGINAL FESTIVAL INTRODUCTION Heating or eating? That has become a burning question for many people. From struggling households to steel works and factories, energy prices remain a hot topic. Ed Miliband's assurance that bills would fall by £300 per year looks wildly optimistic. The cost of energy bills became a major political issue when a combination of a post-pandemic resurgence of the world economy and war in Ukraine sent the price of energy in general, and natural gas in particular, shooting up. Prices have come down a lot since then, but remain higher than before. The Ofgem energy price cap for a ‘typical household' increased from £1,137 per year in January 2019 to £1,720 in July 2025 – a rise of over 50 per cent. Supporters of renewable energy argue that the UK is still at the mercy of global prices for gas because ‘gas sets the price' in the energy market, thanks to the way the ‘merit order' works for wholesale energy prices: the most expensive form of energy that is used sets the price for everything. Generally, that is gas. Get rid of fossil fuels, we are told, and we would have lower prices and less exposure to world markets. However, critics point out that the wholesale price is only part of the story. The retail price of energy includes a variety of subsidies for renewable energy that mean the actual price renewable producers receive is much higher. If renewables are really as cheap as their proponents claim, why do they need to be subsidised and why do countries that use a lot of renewables also have the highest energy bills? Will prices rise further as we use even more renewables? And if energy security is so important, why would we want to rely on intermittent energy sources like wind and solar? In this session, energy experts will explain how our energy bills remain so high and what the consequences are for household finances and the wider economy. SPEAKERS Lord Mackinlay director, The Global Warming Policy Foundation Kathryn Porter consultant, Watt-Logic David Turver energy policy analyst, Eigen Values CHAIR Rob Lyons science and technology director, Academy of Ideas; convenor, AoI Economy Forum; author, Panic on a Plate
Waves of deadly Israeli airstrikes in Beirut and southern Lebanon are threatening to derail the US-Iran truce. Also, concerns are growing that authoritarian tactics to squash basic rights are returning to Indonesia, given increasing threats made against activists, influencers and journalists. And, the UK and Norway are tracking Russian submarines in the North Sea. Plus, the jar of Nutella that appeared across the screen during a livestream of the Artemis II mission around the moon. Learn about your ad choices: dovetail.prx.org/ad-choices
Trump's war on Iran has highlighted recent dramatic changes in the politics of oil. While the United States still guarantees maritime security in the Middle East, it is no longer the primary beneficiary, with most oil and gas exports from the Persian Gulf going to Asia. In Britain, meanwhile, debates over drilling in the North Sea point to the urgent need for electrification, both to achieve greater energy security and to reach net zero by 2050. In this episode, James is joined by Helen Thompson, a professor of political economy at the University of Cambridge, who argues that the war, though far from inevitable, stems in part from regional and international tensions caused by the shifting of energy flows. They discuss the central role that finance, and insurance in particular, plays in deciding whether tankers can sail, and how energy requirements helped Trump to secure the backing of major US corporations in the 2024 presidential election. Read more on politics in the LRB: https://lrb.me/lrbpolitics From the LRB Subscribe to the LRB: https://lrb.me/subslrbpod Close Readings podcast: https://lrb.me/crlrbpod LRB Audiobooks: https://lrb.me/audiobookslrbpod Bags, binders and more at the LRB Store: https://lrb.me/storelrbpod Get in touch: podcasts@lrb.co.uk
This morning the discussion with Mark Dolan started as Clapham descended into disorder. Online-organised youth gatherings saw retail staff and police assaulted, prompting urgent concerns over public safety. Fuel prices are climbing sharply, with Middle East tensions and oil market fears threatening further pain for already stretched UK motorists. Across the pond President Donald Trump's remarks about Sir Keir Starmer have added diplomatic intrigue, fuelling debate over Britain's military stance and international influence. Meanwhile back in The UK The Energy Secretary Ed Miliband is reportedly weighing North Sea gas approval, as energy security demands increasingly test the government's climate commitments.Wake up with Talk Breakfast in full on YouTube, DAB+ radio, Freeview 280, Fire TV, Samsung TV Plus or the Talk App on your TV from 6am every morning. Hosted on Acast. See acast.com/privacy for more information.
Michael Henriksen, CEO at Wavepiston, joins to discuss wave energy’s advantages for island communities, the company’s hydraulic piston system, offshore wind co-location, and the Barbados pilot project. Sign up now for Uptime Tech News, our weekly newsletter on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on YouTube, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary’s “Engineering with Rosie” YouTube channel here. Have a question we can answer on the show? Email us! Welcome to Uptime Spotlight, shining light on wind. Energy’s brightest innovators. This is the Progress Powering tomorrow. Allen Hall: Michael, welcome to the program. Thanks, Allen. A pleasure. Allen Hall: Well, this is gonna be a, a really interesting discussion today because, uh, I don’t know a lot about wave power, but. Obviously the world has made some substantial progress in wind and solar, but the ocean energy is still relatively unknown and. I want you to, just to paint the picture of the problem, what gap exists in renewable energy today that wave energy can fill? Michael Henriksen: Thanks. Thanks. A yes. Uh, that’s right. So ocean energy as such. And we have, um, we are working with the wave energy side of the other things here in Wave Piston has a very large potential because there’s a lot of waves around us. We all feel it when we are out in the sea, when we’re out swimming or whatever.[00:01:00] So what can it fill out that is that, that the, the interesting thing about wave energy is that is, um, timewise shift compared to wind. You know, it’s the wind that builds up the waves. The waves come, uh, the wind comes and goes, but the waves that keep rolling also afterwards. Yeah. So this timewise shift that gives some extra value. Of the energy that you can actually produce at the same time, it’s actually also, it’s a more of stable resource. So you, you don’t have these large fluctuation, it, it, it comes slowly and then dies away slowly depending on where you are in the world, of course. And then the last for the least is it’s very predictable. So stable days advantage, you can actually very precise predict what sort of your energy production profile. So by adding an extra renewable energy source, you can actually sort of, it gives extra value to both have sort as much solar PV as possible, as much wind as possible, but also have wave energy there to have sort of a better, uh, in the end, uh, [00:02:00] uh, energy production. Allen Hall: Yeah. And that, and the technology is really applicable to, uh, a lot of regions, uh, around just like island communities and places of a little more remote. Uh, because the cost of electricity on islands is incredibly high. They’re buying diesel usually, and they have a kind of a, a double problem in that they have to buy diesel to run electricity plants, and then at the same time they’re, they’re having to make fresh water all the time ’cause fresh water’s a problem. Wave Piston solves both of these problems together. But why are we in this? Space right now. I, I just wanna back up a minute. I mean, there, there does seem like for the last 30, 40 years that I can remember, the island communities have been really stuck. Solar hasn’t really filled the void. Wind has been intermittent option at times. Why waves? Michael Henriksen: Yeah. But that’s actually, uh, where we see our, like our step to, uh, [00:03:00] you know, uh, go to market strategy, so to speak. See, that is the first step because as you mentioned, all the island communities, I would also say remote coastal communities still have this, this challenge of being dependent on fossil fuels. And as you know, it’s, it’s mainly because of course you have limited, uh, uh, uh, land space. Uh, of course they should have as much solar PB as wind as possible, but you still have this, you know, you don’t wanna have it in your backyard. It’s difficult to have, you know, spatial beautiful islands where you have, uh, tourism, et cetera. And then you have, uh, solar PB and winter turbines all over the place. It’s not gonna happen. So they’re looking at to go to, of course, offshore. What they have a lot of us is they have ocean. Yeah. And the challenge there again, is. Most places when you go just a few kilometers from shore get very, very deep. Yeah. So you need to find something that is sustainable, something that it will not spoil the view. Something that is actually, uh, uh, an [00:04:00]environmental friendly way, you know, of harnessing the energy that that is where wave energy come into the picture because. It’s happening below the sea. So the, the surface and, and, and the, it can sort of coexist with other things happening there. Of course, you need to have an area where just say this is for wave minute. Yeah. But you don’t, so sort of spoil view. You don’t have this issue with the, not in my background as such. So, so, so by coming in, of course we will be at another cost level to begin with. Yeah. By coming in, taking that part of it, then we can actually be a part of solutions for these remote islands and the coastal communities. Allen Hall: Well, because some of these islands are spending more than 10% of the GDP just on energy to import it. That’s. Really high and a, on a big burden on the economy is how do you see wave piston affecting that? Michael Henriksen: But it’s just actually that is this, uh, it’s, it’s both, you know, in the first phase, of course, the islands in milk richi, but also you can say [00:05:00] countries as such that are dependent on fossil. Because you can just reduce your dependency and also these volatility of the price. Uh, but, but go coming back to wave piece, of course we, uh, the special thing about our system is that we actually, we can both produce electricity and we can also desalinate sea water ’cause it’s hydraulic system. So this about coming into an island community where they have both these challenges. We can actually come with a double. Sort of a, uh, solution and then, uh, work with how much energy you need, how much water you need at a given time. It could be an off grid solution or an on grid or micro grid, whatever, where, where, where. That makes sense. Yeah. So coming in and that’s actually why there is a big uh, uh, sort of. Focus on wave, not only on us, but also others in the sector, that we can be a part of the solution, which is actually when you come with a new thing, you need to sort of to say, okay, this is new, this is fantastic. But you also need to say, okay, we are part of the solution now. We are solving some of the problems you have. We’re not [00:06:00] creating new ones. Or maybe you not, not, there’s always some challenges, but we are not creating that many of big ones. You know? We are solving things. Yeah, we’re solving. Your challenges? Allen Hall: Well, e even if you look beyond the island, island economies, uh, there’s a bigger picture here about renewable energy sector that is not really considered wave energy too much, especially for offshore wind, right? There’s, uh, uh, offshore wind, particularly in the North Sea and off the coast of England and other places where there’s our massive wave resources. We haven’t really addressed that at all. Are we missing out on a, on a lot of energy production? That would be relatively easy to go get. Michael Henriksen: We are missing out. That’s the, the, the short, the short, uh, uh, answers there. Of course, we see relatively easy need to look at the relatively side of it because it is difficult going offshore. You know why? But it’s also why I’m asking. It’s actually why it hasn’t wave energy succeeded so far. Well, that’s simply because it’s [00:07:00]not the low hanging fruit. Now being able to take a wind turbine. You know, in Denmark it was the farmer. You could just go, or the local Smith blacksmith go, go and fix things. Now we need to go offshore immediately. You didn’t throw the wind turbines in the middle of the North Sea in the first place? No. So this of course, solving the issue with. The survivability someplace. Sometimes you have really extreme large weight, large, uh, forces you need to work with. You have your ability, you know, you have this, that, that there are millions of cycles in the corrosive, uh, environment. So all that of course you need to, uh, design the system to handle and still being able to, you can see through cost trajectory will get you down to, to a competitive cost limit. So of course, yes, we’re missing out. Uh. There is a large, uh, uh, sea space, especially in the, all the newer, uh, offshore wind turbine areas because they take up a lot of space. They have very large, beautiful wind turbines, but you have a large sea [00:08:00] space in between where you can actually use that for energy production. So, so yes. That’s, uh, definitely a large of opportunity. Allen Hall: Well, so let’s talk about what Wave Piston has built. Can you walk us through what the Wave Energy system does, kind of how it works in simple terms and what makes it different from some of the earlier Wave energy devices that have been tried over the years? Michael Henriksen: So, so we, uh, in Wave Piston is actually going a bit back to the, the whole old style. It was not me actually, that’s the clever one There is by colleagues in, in, in, in Wave Piston. So, uh, but they, they was general analyzing. What are the, the challenges, you know, or has been the challenges, uh, on, on Wave 80. Why haven’t we succeeded so far? And it, what they came up with is actually this brilliant concept we have now that is so hard so far, not so. Put it in a, in a labor perspective. Something also I understand, I understand. Even, I understand that is, you know, we’re not, you know, fighting the forces. We’re just working together with the forces of the ocean, and that’s what it came up with, this [00:09:00] concept where we have many of these. Sail that are put in the water. They are like vertical sail. And when you put a sail in the water like that, it will move back and forth with a wave pass by and the breed thing, they say, okay, but what happens then? If you have many of these in the same structure, then actually they work together the the way together. And that way they each can convert the energy in the waves to what we, we converted to high prices seawater. But the, the Im the way, the impact on the structure of the things that hold it together, they, that’s actually reduced. So we have forced cancellation because any of these are moving in different, you know, uh, uh, timings compared to where the waves comes by. Yeah. So there are things, so to speak, so we can reduce the mooring loads. So the, the loads should keep things in place to less than a 10 compared to having, you know, individual wave in conversions out there. So that’s sort of the main thing. That’s our main concept. Uh, that’s our also made, made ip. And you can just a back to me, that’s one of our, that’s our actually test in the North Sea. We did [00:10:00] in 20 18, 20 19, um, of, of string there was only four energy collectors on. So what we see is that we, we will go plus 20 on these sales that are on the same structure and then up to 30 in the, in the thirties on each of these strings. Allen Hall: Yeah. So the, the concept is you have a string of sales that are tied together that are. Pumps, basically water pumps, and instead of trying to create electricity in each of the pistons themselves, what the pistons are pushing water to another location, typically on shore, which is then spinning a turbine, which creates electricity. So it’s more of a. High pressure water pump system instead of something more complex. The, the, the simplicity of it, I, I like because it, it is not a lot of moving parts here. Pumps are very well known, but one of the questions I think that comes up a lot about anything in the water is survivability because the ocean can get a little [00:11:00] crazy at times. How have you designed this system to handle some of the loads from the ocean? Michael Henriksen: So how do we handle the loads? There are two things, the survivability of these extremes. We both have this, as I tried to explain before, that we that, that by having all these energy collectors, we call ’em these sails on the same structure. With the prob, we can reduce the total loads of the full system or the boring low. To, to, to less than than 10%. So one 10th of what is needed normally, and then the local low that, so these sales, they are actually built away. So if I look at what my hand said, that’s a good way of showing it, that, that, uh, when the wage gets too large, they move back and forth. Then actually it’s just like spreading the fingers on, on, on, on, on, on the, the, the sails where they do the AC CJC pitch, a bit like the wind turbine blades, but it’s actually the, the. The material in itself. Off the, the, the sail. So it’s, they consist of simple blades like my fingers, and they, they, they, uh, they, [00:12:00] um, flex out when the weight gets too high. So the material in itself is bending and opening up just like my fingers. So when you go swimming, if you open your fingers like this, you don’t get very far. But if you do it like this, you get very far. So by, just by doing that, we reduce the load dramatically. That’s a sub variability mode, so to speak, but they keep working. We don’t, it’s a passage system. There’s no active control, so it’s the material in itself that takes off the loads. Allen Hall: You’ve been through quite the journey on the design of way Piston, and you’ve gone from like a one 30 ish scale. Lab model all the way out to full scale ocean testing. What were some of the critical milestones there? What did you learn from all that testing? Michael Henriksen: Yeah. Uh, yeah. First of all, this about just sitting and, and, uh, and, uh, uh, you know, you’re designing, you doing or onshore, you think about what, what you need to think about, what can go wrong, whatever. Not, you can’t compare with this by just going on and also trying it offshore because a lot of things happened out there, which [00:13:00] you did think about. Of course, we try to build in the learnings from oil and gas, from offshore wind for everything else, and have people that have experience with this. But still, this is a, this is a different system, you know, of course it has moorings. We have different, uh, pipes, et cetera, we need to install, but there’s always this, you know. How do you install this the most efficient way? How do you operate these systems? How do you sort of, what will, how will they behave? Depend, you know, when you go from smaller scale to the larger scale, then there is this. It is important to do. On short, it is important to do wave, wave tank. We still do that, go back, you know, and do when we do some tests and then see how would the behave with these situations, which gives a lot of input and then getting offshore that that is when you really. Uh, sort of gets the, the, the, the punches in the stomach where you see, okay, uh, you really, prince is like there, there’s also the human factor. Yeah. When you [00:14:00] get out, you do some operation. You tell the, the crew on the vessel, you do this and this, and suddenly they don’t do it as you propose because they’re not used to these things. So you really need to be very. Uh, focused on following, these are the procedures, these are the quality check. These are the things we do. So because we have had something water, they put on a wrong shackle that this broke or whatever things, and you need to go back. You need to do things again. So all this is just, is the sign, it’s the, it’s the procedures and, and that and that being able sort of to. Get that learning into the next versions and the next versions, et cetera, to where we are now. Allen Hall: Well, you’ve come a long way because earlier this year, uh, Wade Piston signed a MOU with the government of Barbados. Can you tell us about that partnership and what it means moving forward and, and some of, take some of these studies into. Full scale. Michael Henriksen: Yes, yes, yes. Because that, that’s of course important as you know, uh, we can create the most beautiful product if, if the market is not there. One is, is not, you know, [00:15:00] uh, demanding or want to do this, uh, not having mentioned like, uh, hydrogen project, et cetera, which has issues with that. Yeah. So of course it’s very important to see, you know, are they, are there the cause of this? So the user import. Both. That is they, they would like this project and they, they are like an island and remote community. So just right down our lane of where we wanna go in the step one. And they also want to co-invest in the beginning for the first projects where there’s still risk, you know, these pilot projects, the farms, of course there are still some risk here because you need to take the first, uh, farms in the water. There’ll be learnings around this and that. Having customers that want to co-invest in this, in getting it out from a few megawatts and they want to have up to, uh, a mean 50 megawatt in the water. That’s of course very important both for us to show is as demand. There is are customers, there are someone who wants to pay for this and want to do it together with us, and also getting the first sales.[00:16:00] Within a reasonably short time. Uh, and that is also sort of a good signal for getting a business on board. Yeah. Because they’re looking at, they say, okay, this looks very nice. You have a nice concept, but, but anyone wants to buy this. Uh, because you start at a higher price, it’s still a bit risky, and then you need to take it down. Yeah. Because we’ve not been out there for more than 20 years lying like, uh, in the water, like offshore wind. We need to start, you know, a place where we get the first sch in the water. So that’s the way it’s. Allen Hall: Well, let’s look forward then, if the Wave Pistons, Barbados projects is a success, which it is really headed in that direction right at the moment. What does it look like for other Caribbean Island communities, uh, using Wave Piston? Is it just then taking the Barbados example on just carrying it over, or is it more of a bespoke solution for each of the different locations? Michael Henriksen: Oh, let’s says we, we see that this is. This is, uh, I wouldn’t say one size fits all, but it is a modular system, [00:17:00] so you put in. The system, the size of the system that you need at that game location. And we are not, it’s not with the wind turbines that we just, we go, when we scale, it has to be larger and larger sails. We actually see, especially the first number of years, it’s number of units that you put out. So it giving location, how much maker, what do you need? Okay, what’s the wave climate? And then say, okay, then we put these number of units down and we can start with a smaller number, you know, and then we can just expand over time. So you go from. From, from any scale needed. And then you see, okay, this is fine. We need more, then we can just expand, uh, these, these wave farms. Yeah. So that’s the modular approach that we’re working with, Allen Hall: right? Because the wave piston actually comes in these chains, and then you can make them into array. So subsequent chains, so you, you start out, you could start out relatively small, see how it goes, and then keep expanding and expanding, expanding. You can go from kilowatts to megawatts pretty easily from what I’ve seen from your technical information. So in, [00:18:00] in terms of, hey, let’s get, uh, an example in the water to, I’m using the energy as, uh, as part of my electricity grid. That step is very small. Basically, you’re just adding more units to an existing array. Michael Henriksen: Exactly, so, so the main thing is because we have, we work as you, as we always talked about earlier, so we are out at sea because to keep it as similar as possible, we generate pressure as sea water. So if we are within a few kilometers from shore, that will be taken to an on shore. Conversion station. Yeah. So this is just adding more modules. Then we will add more in the end. Uh, if you have the piping to, to, to show, you’ll add more modules to this or you add more pipes. Also over the time you can need that depending on the size of the system. Yeah. So this. Starting small, going larger, preparing the infrastructure and that we just get going to any size that’s needed. Of course, giving the c space that they have availability available for this because we don’t want to go, you [00:19:00] know, where a la the, where the good servers are. We don’t wanna fight with the servers. I lost server so they can do surfing. The ways that we go, other places where you don’t wanna serve. Or, uh, with a fisherman that goes fishing some places. But, but, so, but, but that’s actually also, I think it’s something we, it’s important about this having these, these, uh, sea space that you use for, for energy. Uh, or yeah, for either energy, water, and water. That actually they also become like a, um, a sealed area where we can see that marine life is actually thriving around this because, because like arts and fisheries. So it almost becomes like a nature of the surf because you have a lot of life around it. So, so, so this is actually the, the, the benefit we see also for putting like these structures in and then at the same time being able to harvest the energy of the waves. Yeah. Allen Hall: Oh, that all makes sense. So. Beyond the Caribbean, what is your vision for wave piston and wave [00:20:00] energy in the next five to 10 years? Where do you think this technology ends up at? Michael Henriksen: We see this as a, again, you know, um, if we look at this go to market, we have step one, step two. Step one are islands, remote, commun Caribbean, we are the Canary Islands. Uh, we can see things in the Pacific now also in the west of Atlantic. So there are a lot, there’s a lot of potential there. Indian Ocean, we also talk with the potential or. Customer slash islands there. So that’s the step one. That’s actually the foundation that will continue the whole time. And then we can add on step two, which is the utility scale market. And that’s especially what we talked about earlier with about this co-location. Wind and Wave has a very large uh, uh, uh. Opportunity here because you have these large areas. You have one giga lott of wind. You get there, let’s get the waves in there as well, and the wave energy devices within, between the, the turbine wind turbine, ensuring of course you have access to the wind turbines, et cetera, et cetera. But, but the, and it is go for our type of technology and others in the sector that [00:21:00] that needs to be going. I think I call this a no brainer when I talk. Uh, and I when talk with the offshore wind developer, but they don’t want to, oh, don’t, don’t, Michael don’t come with any, you know, uncertainty now. No, no innovation. We just want to get these offshore with the turbines out there and then we need to talk a bit with the politicians and others saying, okay, that’s fine, but please, you know, think a bit hits, be a bit more, you know, uh, look, what do we do in the next five to 10 years about this? And can we even get more out of the sea space? And sea space will also be limited. Yeah. There’s a lot of things happening out there, so of course let’s try to use this as much as possible, as sustainable as possible, and then we can actually get more energy out of the systems or the same area and actually also more sustainable way. And then actually the last thing that’s this about when you have wind and wave, this is this about, you know, getting good quality energy, energy production to the. And the impact on the grids that is this, this positive thing. That’s also, there’s been several studies about this that, uh, to balance in the grids, if you have [00:22:00] these different resources, especially wind the wave, you can actually reduce your, uh, grid balancing cost considerably. Allen Hall: Well, Michael, final question. What would you say to a wind energy professional or investor right now who is just curious and doesn’t know a lot about wave energy or hasn’t paid much attention to it? Why should they care? What should they do next? Michael Henriksen: Well, they should, you know, of course, let’s get so much Austria wind going as possible. The next thing will be that we have these co-location project that we have wind and wave, that we get, you know, more energy out of the same, same areas or even some areas where wind is not a good option. There are several areas where you can inspect up with the waves is, but we also talk about these locations where you have get very. A deep. Now most of the oceans, you get very deep waters within a few kilometers, so you start having explosion offshore. Of course, it’s very good. You get that different areas, but it also gets very expensive when it gets, yeah, so then some places makes sense to wind. Some places wave, and a lot of [00:23:00] places wind and wave combined will be. Allen Hall: Michael, how do people find out about Wave Piston? Where should they go look and how do they get ahold of you? Michael Henriksen: They call my number. Uh, it’s on my website, wave Piston, dk. Uh, and then they all, of course, always, uh, welcome to reach out. Um, and, and we are. Open to talk, of course, with anyone that wants to, uh, do something together with us that are just as excited about wave energy and, and wave business such as, as we are. And if there any investors out there, we are also open to discussing, you know, uh, potential investments here. Allen Hall: Yeah. So the website is wave piston.dk up in Denmark. And check out the website ’cause the website is really good. It’s a a ton of resources there. So if you’re interested in Wave Energy, that’s where you should check First Wave piston.dk. Michael, thank you so much for being on the podcast. I really appreciate this discussion. Very insightful. Michael Henriksen: Well, thanks a lot Emily. It’s. Truly a pleasure and I’m looking very much forward to keeping in touch over the [00:24:00] next period of time. And then maybe next time we’ll do one with a large system in the water or we go to Barbados together, maybe even. Yeah, to check the things out. Allen Hall: You got a deal. Thank you, Michael. Michael Henriksen: Thank you.
President Trump says the US will end its war against Iran in the next "2 or 3 weeks" - but it will be up to other countries to secure the vital Strait of Hormuz. We'll look at how Australia is dealing with rising fuel costs, and whether it's a good idea for Britain's King Charles to visit Washington at this moment. Also: Donald Trump's White House ballroom project is halted; a special report from the North Sea on a plan to capture carbon dioxide; shocking news for families who had fertility treatment in Northern Cyprus; and we check in with our reporter at Cape Canaveral ahead of NASA's first Moon mission in five decades.
As the Strait of Hormuz continues to be a chokepoint for oil, our Global Head of Fixed Income Research Andrew Sheets and our Head of Commodity Research Martijn Rats discuss possible outcomes for the interconnected market.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Martijn Rats: I'm Martijn Rats, Head of Commodity Research at Morgan Stanley. Andrew Sheets: And today in the program: Oil flows through the Strait of Hormuz remain restricted. The implications for global energy markets and what may lie ahead.It's Wednesday, April 1st at 2pm in London. So, Martijn, it's great to sit down with you again. Three weeks ago, we were having this conversation; a conversation that was a little bit alarming about the scale of the disruption of the oil market with the closure of the Strait of Hormuz, and how that could have ripple effects through the global economy. Three weeks later, oil is still not flowing. What is happening? And what has maybe surprised you? Or been in line with expectations over the last couple of weeks? Martijn Rats: Yeah. Many things have been in line with expectations, in the sense that we're seeing the effects of the closure of the strait the earliest in regions that are physically the closest to the strait. So, we saw the first examples of physical shortages in, say, the west coast of India. Then we saw examples from the east coast of India From there on it's reverberated throughout Asia, where now governments have announced a whole host of. Effectively, energy demand, uh, management measures, uh, work from home, kids staying at home from school, um, cancellation of flights. There are quite many through, through Asia Also in Asia, we're seeing the type of prices that you would expect with this situation. Bunker fuel for shipping, somewhere between $150 to $200 a barrel. Jet fuel over $200 a barrel. Naphta going into Japan; naphta normally trades well below the headline price of Brent. Now $130 a barrel, that's more than double what it was in February. So, those things tell the story of this historic event. What has been surprising on the other end is how slow the reaction has been in many of the oil prices that we track the most. Like… Andrew Sheets: The numbers people will see on the news. You know, it's $100 a barrel maybe as we're talking. Martijn Rats: Yeah. It's strange to see jet fuel cargoes in Rotterdam more than $200 a barrel, but then the front month Brent future only trading at [$]100. That spread is historically wide and very surprising. But look, there are some reasons for it. The crude market had more buffers. There are a few other things. But how slow Brent futures have rallied? That has been somewhat surprising. Andrew Sheets: But you know, from those other prices you mentioned, those prices in Asia, those prices in Rotterdam that are maybe higher than the numbers that people might see on the news or on a financial website. Is it fair to say that in your mind that's sending a signal that this is a market that really is being affected by this? And being affected maybe in a larger way than the headline oil price might suggest? Martijn Rats: Oh, clearly. Look, the oil market is full with small price signals that tell the story of the underlying plumbing of the oil market. So, you can look at price differential. So, physically delivered cargoes versus financially traded futures. West African oil versus North Sea oil. Brazilian oil versus North Sea oil. Oil for immediate physical delivery versus the futures contract that trades a month out. And many of those spreads have rallied to all time highs. That is no exaggeration. And so, in an underlying sense, the stress in the market is clearly there. It is just that in front of Brent futures, which is the world's preferred speculative instrument to express a financial view on oil. Yeah, there the impact has been slower to come. But you're now seeing a lot of Asian refineries bidding for crudes that are further away in the Atlantic basin. So, demand is spreading to further away regions. And that should over time still put upward pressure on Brent. Andrew Sheets: In our first conversation, you know, you had this great walkthrough of both just putting the scale of this disruption in the Strait of Hormuz into the global context. How many barrels we're talking about, how that's a share of the global market. Maybe just might be helpful to revisit those numbers again. And also, some of the mitigation factors. You know, we talked about – well maybe we could release reserves, maybe some pipelines could be rerouted. Based on what you're currently seeing on the ground, what is this disruption looking like? Martijn Rats: Yeah, so to put things in context, global oil consumption is a bit more than 100 million barrels a day. That number lives in a lot of people's heads. But if you look at the market that is critical for price formation, that's really the seaborne market. You can imagine that if, say you're in China, and you have a shortage. But there is a pipeline from Canada into the United States – that pipeline's not really going to help you. What you need is a cargo that can be delivered to a port in Shanghai. So, the seaborne market is where prices are formed. That is roughly a 60 million barrel a day market, of which 20 million barrels a day flows through the Strait of Hormuz. So, for the relative market, the Strait of Hormuz is about a third. It's very, very large. Now, out of that 20 million barrel a day that is, in principle, in scope, there is still a little bit of Iranian oil flowing through. That continues. They let their own cargo through. Then Saudi Arabia has the East-West pipeline. They can divert some oil from the Persian Gulf to the Red Sea. That's about 4 million barrels a day, incremental on top of the flow that already exist on that pipeline. The UAE has a pipeline that can divert half a million barrel a day. But you are still left with a problem that is in the order of 14-ish million barrels a day. You're going to have some SPR releases to offset that a little bit. But global SPRs can flow maybe 1 to 2 million barrels a day. You're very quickly left with a double digit shortage – and that is historically large… Andrew Sheets: And just to take it to history, I mean, again, if we were placing a 14 million barrel a day disruption in the context of some of these historical oil disruptions that people might have a memory of – what is the relative scale? Martijn Rats: Yeah. This is at the heart of why this is such a difficult period to manage. Like, normally we care about imbalances of 0.5 to 1 million. That gets interesting for oil analysts. At a million, you can expect prices to move. If you have dislocations in supply and amount of, say, 2 to 3 million barrels a day, you have historically epic moves that we talk about for decades, literally. Like in 2008, oil fell from $130 a barrel to [$]30 on the basis of two to three quarters of 2 million barrel a day oversupply. In 2022, around the Ukraine invasion, oil went from 60-70 bucks to something like [$]130 at the peak on the basis of the expectation, but not realized. This was just an expectation that Russia would lose 3 million barrels a day of productive capacity. And so, 2 to 3 million barrels a day normally already gets us to these outsized moves. And so, this event is four, five times larger than that. That means we don't have historical reference for what's currently happening. Andrew Sheets: I guess I'd like to now focus on the future and maybe I'll ask you to summarize two highly complex scenarios in a[n] overly simplified way. But let's say tonight we get an announcement that hostilities have ceased, that the strait is open, that oil can flow again. Or a second scenario where it's another three weeks from now, we're having this conversation again, and the strait is still closed. Could you just kind of help listeners understand what the energy market could look like under each of those scenarios? Martijn Rats: Yeah. So maybe to start off with the latter one. Because from an analytical perspective, that one is perhaps a bit easier. Look, if the Strait stays closed, at some point, consumption needs to decline. Andrew Sheets: Significantly. Martijn Rats: Yeah, significantly. We need demand destruction. Now that's easier said than done. Who gets to consume in those type of environments – are those who are willing to pay the most. And that means that certain consumers need to be priced out of the market. We tried to answer this question in 2022, and the collective answer that we all came up with is that you need prices for Brent – in money of the day – $150 or something thereabouts. That is not an exaggeration. Now, let's all hope we can avoid that scenario because that is… You know, that looks like a spectacular price. But that is not a beneficial scenario for anybody in the economy.The other scenario is more interesting, and it can actually be split in sort of two sub scenarios… Andrew Sheets: And this is the scenario where actually stuff starts flowing tomorrow. Martijn Rats: Exactly, exactly. If it completely flows like it always did – sure, we go back to the situation we had before these events. Brent can fall substantially – 70 bucks. Before these events we thought the oil market would be oversupplied. Who knows? True freedom of navigation may be even lower. But, at the moment, that doesn't quite look like that will be the scenario that's in front of us. What seems to be emerging is an outcome whereby this could deescalate but leave the Iranian regime structurally in control of the flow of oil through the Strait of Hormuz. And if the Iranian regime continues to manage the flow as they currently do – cargo by cargo. Because there are some cargoes trickling out and there is a process that seems to be established for it. There seems to be a toll that seems to be paid. And if it remains that sort of relatively heavy handed -- This cargo goes, that cargo doesn't. Given that that will then manage 20 percent of global oil supply, that is not the same oil market that we had before. Like all of OPEC spare capacity would be behind this system. Would that spare capacity be available in the case of an emergency? Maybe, maybe not. This is only one of many questions. But if the Iranians stay in control of the strait, we will not return to the oil market that we once knew. Andrew Sheets: And is that fair to say we might need a higher, long-term oil price? A higher risk premium in future oil prices to offset some of that? Martijn Rats: Yes. I would say that that is very likely. First, a lot of the supply would be fundamentally less reliable. Second, we would have de minimis effective spare capacity in the system. Thirdly, if this is the scenario we are left with, that creates an enormous incentive for countries to start expanding their strategic storages. And building strategic inventories is like exerting demand. China has built a lot of strategic storage over the last two years. They are now in a better shape than if they hadn't. In the west, we've historically had strategic storage. But India for example, has none. And so, the rest of Southeast Asia, no strategic storage; a lot of strategic storage buying that will is price supportive. And also, look, the prices that we care about are the price of Brent and WTI, and they are not behind the Strait of Hormuz. They have higher security of delivery. You can totally see how refineries would be willing to pay premium for those crudes relative to others. So, when you add all of that up, it leaves you with a higher risk premium. That people would pay particularly for the crudes that form our perceptions about the oil market, Andrew Sheets: Martijn, one final question I'd love to ask you about is how the U.S. fits into all of this. You know, you do encounter this perception that the U.S. is energy independent. It produces a lot of oil. It's net energy neutral in terms of its imports-exports. You can correct me to the extent that's correct. But to what extent do you think it's true that the U.S. is more isolated energy wise from what's going on? And to what extent do you think that that could be a little bit misleading given a global interconnected market? Martijn Rats: Look, the United States is in a better position than many other countries, that's for sure. China, it's a very large importer of oil Europe, very large importer of oil, uh, and at least the United States has, has a much bigger base of its own production. Um, But the practical reality is also that that is, I would just say, mostly sort of a volume argument, but not a price argument. The United States is a net exporter of oil. But that is a net effect after very large imports and very large exports. It's just that the exports are a little bit bigger than the imports… Andrew Sheets: So, it's a lot of flow in both directions… Martijn Rats: There is an enormous flow in both directions and that connects the United States with the rest of the world. In the end, in the seaborne market, there really is only one oil price and we all pay it, including the United States. But nevertheless, relative to other parts of the world, yeah, better positioned, Andrew Sheets: But still not immune from what's going on. Martijn Rats: No, no. We're all connected. Andrew Sheets: Martin, it's been wonderful talking with you and while I hope to catch up with you again soon, if we're not talking again in three weeks, it maybe is a good sign. Martijn Rats: Might be. Thank you, Andrew. Andrew Sheets: And thank you, as always, for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen. And also, tell a friend or colleague about us today.
An earlier than usual episode of the Independent Thinking podcast, ahead of the Easter break. In a one-on-one conversation, Chatham House Director Bronwen Maddox discusses energy with Sir Dieter Helm, Professor of Economic Policy at the University of Oxford, who has been advising governments and writing on energy, water and the environment for decades. They examine how energy policies of different governments over decades led to the UK's energy costs being so high. And what the government should do if it wants to guarantee security of supply – and to reduce greenhouse gas emissions. Are those concerned about climate change right to push for net zero? Are current policies driving industry from the UK? Should there be more nuclear power stations, or more drilling in the North Sea? Read our latest: The Iran war risks triggering a new wave of nuclear proliferation Any Israeli occupation of southern Lebanon will work to Hezbollah's advantage Moscow internet blackouts: the Kremlin tightens its grip on Russia's digital space Presented by Bronwen Maddox. Produced by Stephen Farrell. Read the Spring issue of The World Today Listen to The Climate Briefing podcast
The Government could cut your energy bills by drilling more in the North Sea, says shadow energy secretary Claire Coutinho, but chooses not to; ideologically wedded to net zero, they instead prefer to view production of oil and gas as “climate vandalism”.Coutinho scriticises Ed Milliband for failing to use Britain's own resources to keep energy cheap, and that in many cases his drive for net zero has ‘eradicated common sense' when it comes to energy policy.Elsewhere, Gordon Rayner updates Tim and Rachel on the latest in the Morgan McSweeney stolen phone saga, with the Met Police announcing that they are reopening the investigation into the theft.We want to hear from you! Email us at thedailyt@telegraph.co.uk or find @dailytpodcast on TikTok, Instagram and X► Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditorProducers: Georgia Coan and Lilian FawcettSenior Producer: John CadiganExecutive Producer: Charlotte SeligmanVideo Producer: Andy MackenzieStudio Operator: Meghan SearleSocial Media Producer: Nada Aggour Hosted on Acast. See acast.com/privacy for more information.
Today, Laura and Paddy unpack what the government will do to deal with energy pressures caused by the Iran war.Education Secretary Bridget Phillipson has told Laura that the UK should invest in home-grown energy, but leader of the opposition, Kemi Badenoch, says we need more drilling in the North Sea.And they also discuss the policies on energy prices from other UK political parties.Apply for tickets to Castfest here https://www.bbc.co.uk/showsandtours/shows/castfest-2026 You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers.You can join our Newscast online community here: https://bbc.in/newscastdiscord Get in touch with Newscast by emailing newscast@bbc.co.uk or send us a WhatsApp on +44 0330 123 9480.New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bbc.in/4guXgXdNewscast brings you daily analysis of the latest political news stories from the BBC. The presenters were Laura Kuenssberg and Paddy O'Connell. It was made by Chris Flynn with Laura Cain. The social producer was Gabriel Purcell-Davis. The technical producer was Jack Graysmark. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.
On today's Saturday Matinee, we set sail across the North Sea into the Viking Age and hear tales of these brute Scandinavian warriors. Link to Real Vikings: https://open.spotify.com/show/55VhMsL7wqEQ9gnNhH6TMR Support the show! Join Into History for ad-free listening and more. History Daily is a co-production of Airship and Noiser.
Today on the Christian History Almanac, we remember a famous missionary, the origin of the word "Munster," and a mysterious island in the North Sea. Show Notes: Germany / Switzerland - Study Tour Support 1517 Podcast Network 1517 Podcasts 1517 on YouTube 1517 Podcast Network on Apple Podcasts 1517 Events Schedule 1517 Academy - Free Theological Education What's New from 1517: 1517 Youtube: How God Still Speaks Today Being Family by Dr. Scott Keith A Reasoned Defense of the Faith by Adam Francisco Stretched: A Study for Lent and the Entire Christian Life by Dr. Christopher Richmann The Essential Nestingen: Essays on Preaching, Catechism, and the Reformation Philip Melanchthon's Commentary on Ecclesiastes, Translated by Dr. Derek Cooper More from the hosts: Dan van Voorhis SHOW TRANSCRIPTS are available: https://www.1517.org/podcasts/the-christian-history-almanac CONTACT: CHA@1517.org SUBSCRIBE: Apple Podcasts Spotify Stitcher Overcast Google Play FOLLOW US: Facebook Twitter Audio production by Christopher Gillespie (outerrimterritories.com).
In December 1917, the arrival of the U.S. Navy's Battleship Division Nine brought hope to a British Grand Fleet struggling to match the strength of the German surface navy in the North Sea. Host Emily Abdow talks with author Thomas Sheppard about his article in the latest issue of Naval History. To read the article, visit: https://www.usni.org/magazines/naval-history/2026/april/alliance-forged-scapa-flow
What is retail boss Richard Walker telling Kier Starmer to do in his new role as the PM's Cost of Living Tsar? Why does he want a temporary cap on the profits of energy and oil companies? How does a supermarket like Iceland handle the price pressures that come from war in the Middle East? And how worried is he about rising employment costs? Richard Walker - executive chair of Iceland Foods - talks to Steph and Robert about everything from whether we should be drilling for more oil in the North Sea to the price of a prawn ring. The Rest is Money is brought to you by Octopus Energy, Britain's smart energy pioneer. Email: therestismoney@goalhanger.com X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: Partnerships@goalhanger.com Learn more about your ad choices. Visit podcastchoices.com/adchoices
Kemi Badenoch asks Keir Starmer if he'll approve more North Sea oil and gas licences, but the Prime Minister tells her it's up to Energy Secretary Ed Miliband.Hugo Rifkind unpacks the politics off the day with Patrick Maguire and Labour peer Lord Wood. Hosted on Acast. See acast.com/privacy for more information.
Europe once treated energy as the foundation of civilization. After the oil shocks of the 1970s, it built nuclear at scale, opened the North Sea, and secured long term pipeline supply. That system produced resilience, surplus, and industrial strength. Today, the arithmetic has flipped. Europe consumes roughly 38 exajoules of hydrocarbons and produces about 6. This episode examines how that reversal happened, not as an accident, but as the result of political choices that prioritized higher order goals while eroding the physical base that supports them.This conversation connects that shift to a broader framework. Maslow's hierarchy applied to energy systems. When policy moves up the pyramid while the base weakens, fragility follows. We walk through the numbers behind Europe's dependence, compare the current crisis to the 1970s, and contrast Europe's trajectory with countries that optimized for resilience instead of efficiency. The result is a clear picture of what happens when an advanced economy loses sight of the molecules that keep it running.Listen to Decouple on:• Spotify: https://open.spotify.com/show/6PNr3ml8nEQotWWavE9kQz• Apple Podcasts: https://podcasts.apple.com/us/podcast/decouple/id1516526694?uo=4• Overcast: https://overcast.fm/itunes1516526694/decouple• Pocket Casts: https://pca.st/ehbfrn44• RSS: https://anchor.fm/s/23775178/podcast/rssWebsite: https://www.decouple.media
Jacob sits down with Laurie McFarlane, co-director of Future Economy Scotland, for a (non-Gulf War related, finally) conversation about what makes Scotland one of the more fascinating geopolitical underdogs around. The two dig into Scotland's constrained economic agency within the UK, the squandered promise of North Sea oil, the renewable energy transition, and why Scotland - like much of Europe - risks sleepwalking into managed decline.--Timestamps:(00:00) - Welcome And Setup(01:30) - Why Scotland Now(02:35) - Future Economy Scotland Origins(05:54) - Early Impact And Strategy(07:55) - Devolution Limits And Agency(13:11) - North Sea Oil And Missed Fund(15:24) - Managed Decline And Renewables(20:26) - Who Benefits From Wind(22:04) - UK Pricing And Regional Bills(24:16) - Decoupling Gas And Next Steps(27:03) - Green Transition Jobs(29:26) - Avoiding Deindustrialization(31:20) - Searching For Analogies(34:19) - Ireland And Independence(36:51) - Renewables Leverage Limits(39:18) - Water As Strategic Asset(40:57) - Brexit And Global Power(43:47) - Nukes And Security Debate(46:41) -Future Growth Model(49:37) - Sharing Growth Fairly(52:35) - Europe Coordination Vision(53:56) - Closing--Referenced in the Show:--Jacob Shapiro Site: jacobshapiro.comJacob Shapiro LinkedIn: linkedin.com/in/jacob-l-s-a9337416Jacob Twitter: x.com/JacobShapJacob Shapiro Substack: jashap.substack.com/subscribe --The Jacob Shapiro Show is produced and edited by Audiographies LLC. More information at audiographies.com--Jacob Shapiro is a speaker, consultant, author, and researcher covering global politics and affairs, economics, markets, technology, history, and culture. He speaks to audiences of all sizes around the world, helps global multinationals make strategic decisions about political risks and opportunities, and works directly with investors to grow and protect their assets in today's volatile global environment. His insights help audiences across industries like finance, agriculture, and energy make sense of the world.--
Voyeurs ep. 819 Roger Ley has self-published eight novels and one anthology of speculative stories. He was born and educated mainly in London, but spent some of his formative years in Saudi Arabia. Later, he worked as an engineer in the oilfields of North Africa and in the North Sea before starting a career in higher education teaching computer-aided engineering. His early articles appeared in publications including The Guardian, Reader's Digest, The Oldie, and Best of British. His short stories have been published on a multiplicity of websites and broadcast on BBC Radio. He lives in Suffolk (UK). Visit his website at rogerley.co.uk His Amazon author page is at https://www.amazon.com/stores/Roger-Ley/author/B01KOVZFHM More TTV Stories by Roger ley: https://talltaletv.com/tag/roger-ley/ ---- Listen Elsewhere ---- YouTube: https://www.youtube.com/c/TallTaleTV Website: http://www.TallTaleTV.com ---- Story Submission ---- Got a short story you'd like to submit? Submission guidelines can be found at http://www.TallTaleTV.com ---- About Tall Tale TV ---- Hi there! My name is Chris Herron and I'm an audiobook narrator. In 2015, I suffered from poor Type 1 diabetes control which lead me to become legally blind for almost a year. The doctors didn't give me much hope, predicting an 80% chance that I would never see again. But I refused to give up and changed my lifestyle drastically. Through sheer willpower (and an amazing eye surgeon) I beat the odds and regained my vision. During that difficult time, I couldn't read or write, which was devastating as they had always been a source of comfort for me since childhood. However, my wife took me to the local library where she read out the titles of audiobooks to me. I selected some of my favorite books, such as the Disc World series, Name of the Wind, Harry Potter, and more, and the audiobooks brought these stories to life in a way I had never experienced before. They helped me through the darkest period of my life and I fell in love with audiobooks. Once I regained my vision, I decided to pursue a career as an audiobook narrator instead of a writer. That's why I created Tall Tale TV, to support aspiring authors in the writing communities that I had grown to love before my ordeal. My goal was to help them promote their work by providing a promotional audio short story that showcases their writing skills to readers. They say the strongest form of advertising is word of mouth, so I offer a platform for readers to share these videos and help spread the word about these talented writers. Please consider sharing these stories with your friends and family to support these amazing authors. Thank you! ---- legal ---- All stories on Tall Tale TV have been submitted in accordance with the terms of service provided on http://www.talltaletv.com or obtained with permission by the author. All images used on Tall Tale TV are either original or Royalty and Attribution free. Most stock images used are provided by http://www.pixabay.com , https://www.canstockphoto.com/ or created using AI. Image attribution will be declared only when required by the copyright owner. Common Affiliates are: Amazon, Smashwords
You can watch this episode on YouTube: https://youtu.be/QVXFsa07RpoIn this week's dispatch from the sanctuary of sweet reason, co-pilots Pearson and Halligan examine a growing sense of national insecurity as Britain faces a perfect storm of energy, military, and financial fragility, and the unfolding meningitis outbreak.With oil climbing back above $100 a barrel and the Strait of Hormuz remaining shut, Liam argues that it is time for the government to junk the ‘Net Zero virtue signalling' and urgently greenlight drilling in the North Sea. Allison discusses her recent column on a controversial clause in the Crime and Policing Bill that would effectively ‘descriminalise' abortion up to birth. Labelling the move ‘legalised infantcide' she and Liam explore the ethical implication of late-term viability, drawing on Allison's moving personal experiences and her observations from a neonatal ICU. The duo are joined in the rocket by Linden Kemkaran, the Reform UK leader of Kent County Council. Representing the ‘border county' at the forefront of the small boats crisis, she discusses her decision to declare an ‘illegal migration emergency' and her demand for the government to provide full funding for the local impact of arrivals. Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor |Read Allison ‘Britain is about to make a sickening change to the abortion law':https://www.telegraph.co.uk/news/2026/03/17/britain-sickening-change-to-abortion-law/ |Read more from Allison: https://www.telegraph.co.uk/authors/a/ak-ao/allison-pearson/ | Read Liam ‘Labour needs to be grown-up about the North Sea':https://www.telegraph.co.uk/business/2026/03/15/labour-needs-to-be-grown-up-about-the-north-sea/ | Read more from Liam: https://www.telegraph.co.uk/authors/liam-halligan/ |Read Liam's Substack: https://liamhalligan.substack.com/ | Need help subscribing or reviewing? Learn more about podcasts here:https://www.telegraph.co.uk/radio/podcasts/podcast-can-find-best-ones-listen/ |Email: planetnormal@telegraph.co.uk |For 30 days' free access to The Telegraph: https://www.telegraph.co.uk/normal | Hosted on Acast. See acast.com/privacy for more information.
In 2012, Chris Lemons had a bright future ahead, with a fiancee and a good job fixing oil infrastructure on the ocean floor. One night in September, he went to work on a pipe about 300 feet beneath the North Sea. But, an accident left him alone and cut off from his lifeline – with only a small emergency supply of oxygen. On this episode of In Their Own Words, Chris shares the story of surviving for about half an hour with nothing to breathe. Audible subscribers can listen to all episodes of Against the Odds ad-free right now. Join Audible today by downloading the Audible app.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.