Last week’s OPEC meeting turned out to be quite a bit bumpier than expected as members argued over a number of points, with the decision being delayed by days. Looking ahead, OPEC’s job is going to continue to get more and more difficult because the 20th-century energy model is headed for the scrap heap.
Pulling fossil fuels out of the ground and piping them off to refineries for conversion into something to burn in combustion engines is quickly becoming an outmoded model for powering human culture around the world. However, counterintuitively, the process of killing off that dying model stands to drive oil prices higher as investment in new production capacity dwindles and output is politically constrained.
Green Stream Holdings, Inc Joint Venture with Premiere Empire Energy to Immediately Begin Installation of 21 Electronic Charging Stations
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Green Stream Holdings Inc : Green Stream Holdings, Inc Joint Venture with Premiere Empire Energy to Immediately Begin Installation of 21 Electronic Charging Stations
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Empire Energy Group Ltd (ASX:EEG) Pangaea Acquisition Update
OTCMKTS:EEGUF) is pleased to announce the release of its Notice of General Meeting to consider Empire s acquisition of Pangaea (NT) Pty Limited ( Pangaea ) and EMG Northern Territory Holdings Pty Limited ( EMG NT ) 100% interests in EP167, EP168, EP169, EP198 and EP305, located onshore Northern Territory. The General Meeting will be convened at 2pm (AEST) on Tuesday 3 August 2021.
The Notice of Meeting reflects a change to the transaction terms from those announced by Empire to ASX on 14 April 2021. The amended terms mean that the number of Empire shares to be issued to Pangaea at completion will be limited to an amount that will not result in Pangaea or its associates acquiring more than a 20% shareholding in the Company at any time. Following completion and subject to all requisite approvals (including Empire shareholder approval and Northern Territory Government approval), Pangaea may call for the issuance of