Demand to Outstrip Oil Supply, India Rupee at All-Time Low, Shipping Stocks Cool, Russia Oil Revenue Rises, South Africa Tops Africa Entrepreneurship Rankings
highly suggest peter zeihan's writings\videos on russia's mid-long term energy prospects. basically, china\india are near capacity and do not have a short term option for significantly increased buys. longer term, production will be permanently damaged when enough pipelines close, wells back up, and costly winter maintenance omitted...anything remaining viable probably does not have the west's knowledge to keep running.
what would be left is a trickle to china via pipelines on the east side, and a few tankers running to india. and am guessing those will not be at seller's prices. so the race is on for russia to sell as much as possible at high prices before time runs out.
highly suggest peter zeihan's writings\videos on russia's mid-long term energy prospects. basically, china\india are near capacity and do not have a short term option for significantly increased buys. longer term, production will be permanently damaged when enough pipelines close, wells back up, and costly winter maintenance omitted...anything remaining viable probably does not have the west's knowledge to keep running.
what would be left is a trickle to china via pipelines on the east side, and a few tankers running to india. and am guessing those will not be at seller's prices. so the race is on for russia to sell as much as possible at high prices before time runs out.
Thank you. Agreed. Losing insurance on their tankers is also a heavy blow.