Sounds great!
Go long oil futures! :t_up::t_up::t_up:
Short utilities! :t_down::t_down::t_down:
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Can someone start a new thread on Russia-Ukraine,I can't find how to do it.Thanks
https://oilprice.com/Energy/Oil-Pric...l-Imports.html
I wonder where they are going to get the 11m barrels of oil a day Russia produces.
https://www.worldometers.info/oil/oi...on-by-country/
OPEC countries cant produce the quotas they have now.
Does anyone know which country our oil reserves are stored in by any chance?
Hardly. Plenty of places around the world which have plenty of oil. Look at how the US managed to get independent from foreign oil.
As well - maybe this is the chance the planet needed to remind everybody that conserving energy could be a virtue? Just look at these idiots (not just in NZ) who bought plenty of gas guzzling SUV's they only use to drive to the office and to the supermarket just because petrol was cheap and they needed to show their neighbour that theirs is bigger than his.
Maybe some people here and in Europe will now reconsider.
Maybe some less gas guzzlers on the road. Big deal.
We had oil reserves, it's not clear what percentage of the total reserves the 60 million barrels released are. https://www.stuff.co.nz/business/127...war-on-ukraine
I'm starting to worry about how balanced you are. $15 a liter for petrol would cripple the transport system, would lead to hyper inflation for food and a whole host of other issues. Imagine paying $750 to fill up the family car...
The reason for my post was to illustrate that many consumers in Europe with gas prices are being forced to choose between heating their homes and food. Just as well summer is coming for them.
I can foresee the possibility of $4 a liter for fuel here as quite conceivable if we get to $200 a barrel for oil. Fuel is already really hurting consumers and acts like a tax and handbrake on the economy.