How do you know when BIG oil is starting to panic and change strategy?

in #energy3 years ago (edited)

They have obviously seen the writing on the wall and are starting to make maneuvers to make sure they hopefully remain relevant in the near to long term.

Shell has started investing into the utility market to diversify its operations to include electrical supply direct to households.

Shell has agreed to purchase First Utility in the United Kingdom

“This combination will enable Shell to enter a new part of the energy market in the UK and to improve choice for customers by delivering innovative services at competitive prices.

“We believe that the time is right to build upon our strong relationship with First Utility by investing to grow its business,”

Mark Gainsborough, executive VP of new energies.

Shell has has a preexisting relationship with First Utility as a supplier to them of wholesale gas and electricity.

Shell, said it recognized that the domestic market in the UK was “rapidly changing”, driven largely by new, low carbon technologies and the ability to better manage a household’s energy use.

Shell has been dabbling in the Renewable space with wind and solar farms in the UK and has been quietly expanding its clean energy team since 2009

BP is also already playing in this space through Pure Planet, a ‘digital’ clean energy utility founded by the team behind Virgin Mobile.

Pure Planet sources its energy from renewable energy projects.


image source

Andrew Ralston, Pure Planet’s co-founder and chief executive, said: “Pure Planet is designed to give Britain’s 28 million consumers fresh, clean 100% renewable energy for a lower price than power that pollutes. We’re using modern digital technology – and our telecommunications experience – to bring better prices and better service to the UK energy market.

“From now on, there is no excuse not to choose renewable energy. It’s now cheaper and much better value than the alternative. And it doesn’t pollute the environment, it’s better for us all and better for the planet.”

I love some of Pure Planet's taglines


image source

All this indicates that the future of energy sure is starting to look a lot greener.

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As i see things , even companies like this arehaving their own strategy. In my country there are gas stations with high priceand low quality material, this is the world we are beggining to explore.

They seem to be stepping up their game. Right? :)

If not they will soon be irrelevant

Big players have to keep up the pace of new times! The future is happening right now, it's wise to step up the business core to some more clean and efficient new forms of energy! Hydrogen might be one of them...

I see them panic when resources are readily made available to explore across the planet, as the price fixing begins to come to a halt due to the increased supply of free market capitalists. Also the link between oil prices and the real economic growth amongst the worlds' working class ability to pay that price is the real indicator in my opinion. During economic recessions energy prices come down eventually, virtually always except in a few isolated situations. Great post thanks for the post!

Nice post! The big oil companies are holding swee in the countries of their operations. They have their strategies for remaining on top. I follow and upvote you. I expect you vote too.

When you can use Steemit to produce solar energy ?

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but there are lot's of researches that prove that making a electric car pollutes environment more than riding a car combustion engine inside

Lobby's concern isn't the environment, but profit! Emissions free and highly efficient hydrogen as been taken over by electric motors battery fuelled... Why?

Facts are for nerds, not winners! ;x

Sure!!! But the scarcity mentality it's the main cause of the problems we are facing. Last time I've checked Hydrogen was the most abundant element in the universe... And that's a fact! ;D

how did you check that fact? just curious :D

:D ... "The most abundant element in the universe is hydrogen, which makes up about 3/4 of all matter!" in https://www.thoughtco.com/most-abundant-element-in-the-universe-602186

i will simply switch to CNG

Good job good post :) keep going like this :)

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