Les Friday "But it won't be any use for you to see it Mon Ami. I prefer to share the ideas and concepts"
So Les, tell us, are your million pound's worth of Bitcoins (well half a million now a week has gone by!) and your BP shorts just "ideas and concepts" too.
You haven't really got any have you - if you had, you would have lost your pants on both!
And if you had the where-withall to buy bitcoins online, you would probably be able to deal with the technical issues of giving Iolabe a screen-shot of an affliate scheme.
If you have lost Iolabe (he is after all the only person to vote up any of your posts for the last year - that seemed so weird that I thought he was you anyway!) then I now think there is no one on here that believes anything you say.
You are talking to an appreciative audience of zero - who, if they haven't blocked you, only check in to see what nonsense is coming next. And you think we are losers!!!
By the way, I read you are doing "executive time" like Trump. But I think his executive time is for locking himself in his bedroom, watching cable TV, eating McDonalds and tweeting nonsense. Are you sure you want to admit to that?
<.but I'm just looking for a little reassurance.. I wondered how you had so much time. Just one screenshot will reassure me, I won't ask again.>
Have to say disappointed a person of your intelligence should apparently be taken in by the usual bunch of losers here with their persistent mantra about my supposed fantasies.
I am willing to send a screenshot , but have run into software compatibility problems in taking a screenshot off my computer and posting it here for you to read. Anyway, I really haven't the time to involve myself with the hassle of sorting out this software problem. If I knew a simple process for implementation, I would be happy to send you a screenshot as you are one of the few here whose opinions I respect and who has the debating skills to match my own.
"Also on anther board there was some speculation that he might have been banned for h*m*phobic comment. I never saw anything like this, and while he likes a laugh, I would think that it would be out of character and so discount it."
No... I noticed it too. It was over a couple of days when some were chatting about Trans stuff (why I don't know)... LK made some 'unfortunate' remarks (eg. references to chutney...) .... and he kept doing it... less than 2 days later I noticed those posts were all removed.... and I assume so was LK's account. Could be only for a period of time... but more likely LK got the hump and won't be back.
Or maybe he's gone to Davy Jones's locker.
There was a message on another board that said that the Wash 'N' Valet had closed down.
Also on anther board there was some speculation that he might have been banned for h*m*phobic comment. I never saw anything like this, and while he likes a laugh, I would think that it would be out of character and so discount it.
I hope he returns to grace our discussions very soon.
Frog in a tree
P.s. Our mate Les has been absent for a few days now. Hopefully he is OK.
"I disagree,they just failed to make it law that any car company caught cheating the emissions test would be financially punished and can be prosecuted .
Like I said what is the point of having high emissions targets and rules if they then done follow it up with fines and punishment."
That is up to each member state to enforce. You should be asking the UK Government why they didn't...
You seem to think.. or want... the EU to have powers that it doesn't over this.
All Member States have (supposedly) responsible authorities for market surveillance and enforcement of the emission legislation, to carry out the necessary investigations into the real emission levels of vehicles on their territory, and to ensure compliance with EU law.
The British government sought to block new EU legislation that would force member states to carry out surprise checks on the emissions of cars, raising fresh questions over ministers attitude to air pollution and their conduct in the Volkswagen scandal.
A document obtained by the Observer reveals that the Department for Environment, Food and Rural Affairs has been advising British MEPs to vote against legislation that would oblige countries to carry out routine and non-routine inspections on vehicles real-world emissions.
The revelation will add to the growing concerns over the governments commitment to tackling air pollution. It follows the admission last week that the Department for Transport had ignored significant evidence of the fraudulent practices being employed by the car industry when this was sent to it a year ago.
"You also implied that they don't fine Germany... yet as I already said... the EU took legal action against Germany, UK, Italy and several other member states for failing to police emissions test cheating by carmakers... which is all they can legally do... as they don't 'control' states in the way the "we got our country back' brigade think."
I disagree,they just failed to make it law that any car company caught cheating the emissions test would be financially punished and can be prosecuted .
Like I said what is the point of having high emissions targets and rules if they then done follow it up with fines and punishment.
The legal action was just a token gesture not a serious fine or punishment,you need to look to America for that,and also in America they have much better recall on the vehicles I used to do work on Audi VW cars more as a hobby, and in America they made them fix all faults for free mostly if they were design faults and emissions faults on the dash had to be diagnosed for free by the manufacturer and in some instances replacing the sensors for free.
"I would think they haven't done much because it is VW of Germany.If it was VW from America or the UK it would be different I'm sure."
Just to be correct... Ireland was ordered to recover the unpaid tax from Apple (as they had received illegal state aid from Ireland worth up to 13 billion euros).
You also implied that they don't fine Germany... yet as I already said... the EU took legal action against Germany, UK, Italy and several other member states for failing to police emissions test cheating by carmakers... which is all they can legally do... as they don't 'control' states in the way the "we got our country back' brigade think.
I do agree that the EC could have made more of a fuss to make certain reports known to member state regulators given that it had started work in 2011 on research into differences between lab tests and emissions. Rumours of this amongst Europe car industry were rife apparantly even before the US took it up and conducted their own tests at some university a couple of years later.
But on that subject... the UK certainly had knowledge that tests were being rigged as European research papers discussing it were published by the Cabinet Office in 2013... yet still the DfT did nothing.... so it won't matter a fig what limits are set in or out the EU if the government colludes with the car manufacturing industry in the same way.
Personally I think they have done very little, the EU have managed to fine Apple for having a cheep tax deal in Ireland.I would think they haven't done much because it is VW of Germany.If it was VW from America or the UK it would be different I'm sure.
One of the things I was worried about with Brexit - we dont have the clout anymore. 3 big trading zones are appearing/are there - EU/US and China. Even Japan is small compared to them (and is very worried) as are we - those groups will have the say going forward (reg/global policing/global law). If I was a UK global company - BP/HSBC/Glaxo etc I would be strongly thinking about moving HQ.....
BP obviously cant do US though.....
"the EU has raised it and made them do something; if they hadn't you'd probably have heard very little about it."
I thought if it wasn't for America blowing this thing wide open and fining VW billions none of us would know to this day.
It's hard to say if it wasn't for the EU we wouldn't know.
"At least when the UK leaves the EU then there won't be any other organisation for some to get confused about."
At least we agree on that,we can. Make our own laws and rules on emissions and enforce them like America presumably does.
Personally I still think that the EU and member states did very little to challenge VW because they would all be scared of reprisals by what most people see as the puppet master of the EU Germany.
Although Merkels grip on the EU might be slipping after she makes her coalition deal.
Morning all. I see frog's done it again, turning a post on P or D into a slanging match over the EU.
Anyway, I see that oil's up a bit today; maybe over Turkish forces entering Syria in pursuit of the Kurds not to mention Mohammad bin Salman's ambitions.
More likely influence today is this:-
SINGAPORE (Reuters) - Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are withholding supplies would continue beyond 2018.
Strong global economic growth and a drop in U.S. drilling activity also supported crude, traders said.
Brent crude futures were at $68.84 a barrel at 0756 GMT, up 23 cents, or 0.34 percent, from their last close. Brent on Jan. 15 rose to $70.37, its highest since December 2014.
U.S. West Texas Intermediate (WTI) crude futures were at $63.53 a barrel, up 16 cents, or 0.25 percent, from their last settlement. WTI climbed to $64.89 on Jan. 16, also its highest since December 2014.
Saudi Arabia, the worlds top oil exporter and de-facto leader of the Organization of the Petroleum Exporting Countries (OPEC), said on Sunday major oil producers were in agreement that they should continue cooperating on production after their deal on supply cuts expires this year.
There is a readiness to continue cooperation beyond 2018 ... The mechanism hasnt been determined yet, but there is a consensus to continue, Saudi Arabias Energy Minister Khalid al-Falih said in Oman.
A group of oil producers including OPEC and Russia, the worlds biggest crude producer, started to withhold production in January last year to prop up prices. The deal is set to expire at the end of 2018.
In the United States, declining drilling activity for new oil production further supported crude.
U.S. drillers cut five oil rigs in the week to Jan. 19, bringing the count down to 747, energy services firm Baker Hughes said on Friday.
Despite this, the rig count in 2017 and early this year remains much higher than in 2016, resulting in a 16 percent rise in U.S. production since mid-2016, to 9.75 million barrels per day.
Beyond supplies, strong global economic growth was also supporting oil prices.
During the last four quarters, the underlying global growth dynamic began to shift ... Global growth has become synchronized and accelerated above trend, U.S. bank Morgan Stanley said over the weekend in a note.
In the latest indicator, Japanese manufacturing sentiment in January jumped to an 11-year high, the Reuters Tankan poll showed on Monday, highlighting the optimism driven by nearly two years of economic expansion.
Despite the well-supported market, analysts warned oil had lost some steam since last week.
Bernstein Energy said on Monday that oil inventories might start rising soon due to a slowdown in demand which typically happens at the end of the northern hemisphere winter.
We expect ... an end to the strong (inventory) draws we have seen ... With the strong correlation between inventories and crude prices, this perhaps means we should expect crude prices to moderate in the near term, Bernstein said. "
I'm not surprised that you don't understand what the UK actually controls and what it doesn't. Hence why many think they are 'getting their country back' once we leave the EU.
Re: "Personally I think they have done very little, the EU have managed to fine Apple for having a cheep tax deal in Ireland."
Almost. The EC took Ireland to Court... not Apple... and because Apple was benefiting from an illegal state aid advantage.
If it wasn't for the EU... it would still be happening today.
Re: "I would think they haven't done much because it is VW of Germany.If it was VW from America or the UK it would be different I'm sure."
As I said... the EU took legal action against Germany (yes... Germany), UK, Italy and several other member states for failing to police emissions test cheating by carmakers.
So where the individual states were doing zip.... the EU has raised it and made them do something; if they hadn't you'd probably have heard very little about it.
Re: "Let's face it they used cheat software to cheat the EU's emissions limits if they can't fine for such a blatant cheat what's the point."
That's something that the UK and each member state needs to address. Seemingly few seem to care why they haven't already acted. At least when the UK leaves the EU then there won't be any other organisation for some to get confused about.
"Well done to the EU for using what powers they have to try and stop this collusion by member states who would prefer to see it all swept under the bonnet."
Personally I think they have done very little, the EU have managed to fine Apple for having a cheep tax deal in Ireland.I would think they haven't done much because it is VW of Germany.If it was VW from America or the UK it would be different I'm sure.
Let's face it they used cheat software to cheat the EU's emissions limits if they can't fine for such a blatant cheat what's the point.
The EU was (is) limited in what it can do to put pressure on VW, Fiat (or any other company) as the power to police the car industry currently lies with each member state ie. each state approves new car models.
You might though ask why in the UK, the VCA (an agency of the DoT) failed to police emissions testing effectively. Was a Secretary of State for Transport sacked over it? Was anyone sacked over their failures?
The EU took legal action against Germany, UK, Italy and several other member states for failing to police emissions test cheating. Good.
The reason why the cheat devices were installed was because the emission targets were unreachable by the company so why they have escaped proper fines from the UK and others is ridiculous.
This was simple collusion via a cosy relationship between the car industry and UK (and other state Governments).
Well done to the EU for using what powers they have to try and stop this collusion by member states who would prefer to see it all swept under the bonnet.
The EU5 and 6 standards have actually had a positive impact but, nonetheless, the technical assessments by state institutions has been lacking. It is part of the crisis of capitalism that corporations cannot be trusted to self regulate and abide by the rules. The libertarian pressure by some in the US and the UK for deregulation is a great worry as we know we cannot trust a great many of the big corporations.
These companies should be subject to very large fines and in some cases the bosses should be jailed for the sake of us all.
"Good to see you plugging this BBC story which recognises the benefits of EU regulations in cleaning up deisel emissions! Certainly EU 5 and 6 standards have improved the situation and those of us that drive such vehicles needn't feel as guilty as some of the hype implies we should be.
But the EU did nothing to enforce the emissions rules.
Show me a EU organization or country that fined VW Audi group as much as America did.
Personally I think the UK should have done.
I find it unbelievable we allowed this without fining them.
And we get fined by the EU for going over the permitted air quality limits,we should have at least fined VW the same.
The whole cost to the UK for reversing the diesel emissions fraud will be billions.
And just to support that point of view, the FT today:
"The strongest global economic growth in years and (relatively) low prices are seen boosting global oil consumption by at least 1.3m b/d this year, a number the IEA acknowledges is conservative compared with some forecasts. Others have predicted demand growth could approach 2m b/d this year, more than the double the rate of 2011-2014."
Good to see you plugging this BBC story which recognises the benefits of EU regulations in cleaning up deisel emissions! Certainly EU 5 and 6 standards have improved the situation and those of us that drive such vehicles needn't feel as guilty as some of the hype implies we should be.
There has been a lot of talk about the impact that electric vehicles will have on oil sales. In my view it is going to be a slow process taking place over many years. This will give motor manufacturers pleanty of time to clean up their acts and, hopefully, diversify into renewalable energy provision.
"Sales of diesel-powered cars fell dramatically last year, declining more than 17% compared with 2016.
People within the industry blame anti-diesel rhetoric from the government, local authorities and clean air campaigners for eroding consumer confidence.
They insist that modern diesel engines are actually very clean and the health risks have been overstated.
They also say that they can play a vital role in helping to cut carbon dioxide emissions, in order to meet climate change targets.
So have modern diesels just been getting a bad press, or do they represent a serious health hazard?
The reality is not as black and white as you might think. It's true that some diesel engines produce fewer toxic emissions than some petrol engines, but by and large petrol remains the cleaner option.
Although both petrol and diesel engines convert chemical energy into mechanical power by burning fuel, they do so in different ways.
A diesel engine should, in principle, use less fuel and produce less carbon dioxide than a petrol engine with the same power output.
However, this superior efficiency comes at a price. Diesel engines produce higher levels of particulates, microscopic bits of soot left over from the combustion process.
These can penetrate deep into the lungs, causing irritation and potentially triggering asthma attacks.
The greatest danger lies with the smallest, so-called "ultrafine" particles, according to Dr Matthew Loxham, a research fellow in air pollution toxicology at the University of Southampton.
"They get so deep into the lungs, they get to the surfaces where oxygen enters our blood, and the particles themselves almost certainly can enter the blood," he says.
"They can cause increased stroke rates and increase heart attacks in people who are most susceptible, who have underlying health conditions".
However, modern diesels actually emit very few particulates - because they are equipped with special filters.
According to Emissions Analytics chief executive Nick Molden these systems work very well.
His company carries out its own real-world emissions testing - as opposed to the tests used by manufacturers to certify their new vehicles, which until recently were exclusively laboratory-based.
"Modern diesels essentially do not have a particulates problem," he says. "The filters clean up 99% of the particles. So long as they are not tampered with, they are very effective".
But diesels also produce nitrogen oxides, or NOx - and how they deal with those is also very important.
Long term exposure to nitrogen dioxide in particular can decrease lung function, increase the risk of respiratory conditions and exacerbate allergic reactions.
Image copyright Getty Images
Effective technologies do exist that are capable of drastically reducing NOx output. In addition, the current European emissions standard, Euro 6, sets strict limits on how much can be produced.
Euro 6 has applied to all new cars sold since September 2015. The legal limit on NOx from diesel engines was halved compared with the previous standard, Euro 5.
The Society of Motor Manufacturers and Traders says the latest diesels are "broadly on a par" with their petrol equivalents in terms of their impact on air quality.
According to Emissions Analytics, however, the reality is not quite so simple.
For a start, cars often produce more NOx when driven on the road than they do when tested in the laboratory, and some models turn out to be much dirtier than others.
The worst performers, it says, emit up to 15 times the laboratory limits when used in "real-world" conditions. Others produce no extra at all.
The real-world emissions of petrol engines also vary widely, however. So while Emissions Analytics's research suggests that petrol cars remain on average cleaner than diesels, there is a degree of overlap.
"If you take the cleanest 10% of diesels and the dirtiest 10% of petrol cars, then actual
Les "Hmm... I prefer not to give out exact figures on my Affiliate Marketing at the moment."
Maybe, but I'm just looking for a little reassurance, I've been taking on board a lot of your advice, but when I heard you were also into affiliate marketing as well as everything else you do, I wondered how you had so much time. Just one screenshot will reassure me, I won't ask again.
Since LKH abandoned us the BB has been much less interesting. In fact, in order to attempt to rrestore some amusement as well as a truth and reconciliation moment, I have taken my Ignore off Les. I look forward to more of his hot tips and erudite Political thinking.
I think that in the minds of those few of us who have followed this debate you have won the argument hands down...no question. I suggest that you now just leave Les to it. No one takes him seriously except his poodle.
'As I have explained before my Executive time isn't long enough to justify reading back through hundreds of historical posts, and giving chapter and verse on how the price changed immediately after I gave that a particular prediction. Especially not to cover for someone else's lack of attention or poor memory.
You are the one making the allegations so the onus of proof falls on you' LB
More Trumpery. Follow one lie up with a bigger one. You made the assertion that anyone following your predictions would have made lot of wonga. You have produced little or no evidence to back up this assertion. Meantime I provided chapter and verse on your recommendations and you have been unable to back up your next lie that I have failed to be comprehensive. Lets see what your next big lie is. I'm sure you can keep inflating given the amount of hot air you produce.
<There is nothing demeaning in working for a living and that is how most people for most of their lives contribute to the good of society including running our schools and hospitals as well as running industries like BP.>
Nothing demeaning in working for money, that is how I started out, and most people have no choice.
But it is all part of the system designed by the PTB to keep us as slaves to work for them . Given a choice the teachers, nurses, accountants, and the like would nearly love to quit work, it is their ultimate aim to escape the rat race, but the system is stacked against them. I have in previous posts explained how you can beat that system, by understanding the differences between a real asset and a liability and focussing on creating enough passive income to exceed ones liabilities.
As I have explained before my Executive time isn't long enough to justify reading back through hundreds of historical posts, and giving chapter and verse on how the price changed immediately after I gave that a particular prediction. Especially not to cover for someone else's lack of attention or poor memory.
You are the one making the allegations so the onus of proof falls on you, so you spend the time checking. The problem is of course if you did so and found me correct, as you will , would you care to mention it?
As regards BP, even if they do not have any outstanding contracts left with Carillion, which still needs investigation in my opinion, the more serious issue for BP shareholders would be whether or not BP are currently employing any of the weird accounting practices that Carillion were using to "hide" their debts, such as reverse factoring. My research shows it may be becoming increasingly popular amongst companies as it is a legal way of "hiding" a company's true debts and so increasing its share price.
I have no evidence to suggest BP is using such practices, but what exactly do we know about BP's accounting practices, are they kept under a veil of secrecy and if so why?
I might also add that this "wage slave" stuff is pretty tedious.
I can't imaginge that Les talks in these terms on his imaginary bus.
There is nothing demeaning in working for a living and that is how most people for most of their lives contribute to the good of society including running our schools and hospitals as well as running industries like BP.
Many thanks picstloup
Not too sure about pricing this morning, its @ -98.99%... those pesky 00's confusing the mega TB servers ;-)
Yes not sure what it is about oilie BB's attracting certain 'types'.
Good to have contradicting opinions but it seems to be getting very personal here.
(same happened on NP, XEL and HUR to some extent).
Off to buy a frame for my BP certificate - its still got the old straight up and down lettering before the slanty letters were introduced..... not sure about star thingy we have now....
'cherry picking a period to support the narrative you wish to portray' LB
I merely evaluated the advice you had offered Les. On no occasion did you suggest closing your various shorts. But let's take it that those who followed your advice were smart enough to put a stop loss on (though that's somewhat oxymoronic, following you yet savvy enough to put a stop loss) ... what would you have advised ... say 10% of your stake. Your followers still would have made a loss over the year of £750 rather than 'made a lot of wonga'. Keep squirming Les, and show us how based on your recommendations your follower would have made money.
Welcome aboard Johnny. Useful stock to inherit. Bit of a bumpy ride recently, but still a decent return on capital as well as an excellent income generator.
As you've probably worked out, this board suffers from the narcissistic fantasies of a resident troII. He's been recommending shorting BP all the way up from £3.50. His latest ignorant offering was the prediction that BP might suffer from the demise of Carillion. 2 minutes on Google would have shown that BP's only significant recent contract with them was £80m for the operational base etc for the Khazzan gas field in Oman. The work was finished on time and on budget 6 months ago, and even if it had been a complete Horlicks, the effect on BP could never have been more than ~0.5p per share.
Just inherited some shares from relative - bought @ 3.30 in the 80's.
Got a load of paper documents, with rather nice embossed BP stamps.
Can't plop 'em in an ISA as I'm living in Deutschland (nor my SIPP - bugg*r !!)
Will hold onto them for quite a while I reckon - dividend well covered by cash flow (according to Morningstar), and $70 oil looks a possibility.
Just need to stop those US folks (who live 100's miles from the gulf) claiming $ for seeing slightly dirty Pelicans / Crabs and Beach balls..
PS. might own some more if BP takes a shot @ HUR..
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