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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%Nov 13 4:00 PM EST
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To: TobagoJack who wrote (188354)6/3/2022 11:33:48 PM
From: carranza2  Read Replies (3) of 217750
 
If true, the Russians will not shut in. They’ll be forced to find (1) the minimum amount of production required to keep the flow going and (2) a means of storing it.

They may also allow some wells to go permanently off line, the less productive and inefficient ones, keeping the good ones flowing at minimum rates.

And, assuming hostilities eventually end (they will), sanctions on Russian oil are likely to be lifted as part of a compromise.

So, perhaps not as dire a problem as thought. Doesn’t seem insuperable.

But who knows.
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