(c) youtube.com
With Brent (sweet light crude oil) prices settling at around £56 per barrel and the BP chief expecting costs to fall as low as £12 per barrel (see previous reports here), hedge funds have started to pile in and buy up shares in oil. See:
North Sea oil companies making $40 profit on every barrel and costs are still falling!
‘Oil Giants Still Love North Sea’
One analyst reported in Energy Voice today put it like this:
‘The fundamentals are looking a heck of a lot better. We still think this market is a breakout to the upside waiting to happen.’
Sounds good – ‘a breakout to the upside?’
Again, in earlier reports, I’ve mentioned that the International Energy Agency has increased its estimate for global demand growth while at the same time the OPEC strategy to trim the previous glut seems to be holding.
As for shale, the main threat to North Sea crude prices looks to have passed its peak with predictions of output falling.
Shale Oil’s threat to Scottish oil prices look s like fading
US Shale’s threat to North Sea oil profits fades further as Total snubs it
https://www.energyvoice.com/insights/151359/hedge-funds-returning-oil-market-looks-heck-lot-better/
Talking-up Scotland 
“Breakout to the upside” I think the writer is trying to say that a price rise is expected.
That is good news.
I am not academic in any way but I like to think I have a reasonable grasp of the English language and I shudder when I come across phrases like that. Verbage is the only word I can think of to describe it.
Rant over.
LikeLike
I agree tho it was a bit funny too?
LikeLike
Nothing on the BBC website about this report, unlike last week’s from the Edinburgh professor who claimed it was in the grubber
The website does have a claim from Scottish Power that capacity needs updating, following an interview yesterday with Douglas Fraser (whose blog still presents a gloomy – and disappointed? – interpretation of the recent figures about the relative buoyancy of the Scottish economy.) There is also a piece headed “Climate Change plan ‘lacks credibility”, a criticism by an ‘independent’ expert body, which also states, and this is reported later in the article, that the SG plan is much better than that for the rest of the UK.
It is always the bad news first with BBC Scotland.
I recall, shortly after I moved into a senior management position, attending a training seminar, which was opened with the remark, “The First LAW of Management is, ‘before you say anything else, recognise and give praise for things that have been done well’.” With regard to Scotland, Westminster and the branch offices of Labour, LibDems and Tories, the law seems to be, “Always tell them they are shite.”
LikeLike
Good advice. The other good advice I once got was from Professor Louis Elton (Ben’s dad) who said if inspectors expected him to know everything that was happening in his department, he would (in his still Germanic accent) say: ‘If I know everthing vot is going on, zen not enough is going on!
LikeLike