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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (53536)3/4/2022 1:54:17 PM
From: Jacob Snyder2 Recommendations

Recommended By
ajtj99
towerdog

  Read Replies (2) | Respond to of 97463
 
Shell Plc, Europe’s largest oil company, bought a cargo of Russia’s flagship crude at a record discount…..The company paid about $28.50 a barrel below Dated Brent, a benchmark for physical oil trades globally… bloomberg.com

Clearly, Russia is finding it almost impossible to sell their oil. China is not stepping in to fill the gap. The Ukraine war looks to extend indefinitely. Atrocity stories, of refugees being raped, and cities turned to rubble, will be broadcast in the West, daily. Anyone who buys anything from Russia, even if it is legal, will get boycotted.

So the whole world should be drilling at max ability, to replace Russian oil.