Energy Embargo1 Mar 2022 15:40
Strange that many are starting to offload here. Being at an ATH, I guess the temptation is too much. And each to their own of course. However, I am reading that a total hydrocarbon embargo on Russia is definitely being looked at. What do you think that will do to gas and oil prices if The West cannot importthe 4-5mbopd that it currently does from Russia. And as for gas, name your price. Serica is only just getting started IMO.
When there are mass civilian casualties in Ukraine (Putin is only getting started and I don't see him being gentle going forwards), the pressure on Western Govts to be seen to "do something" will be immense so this is not as daft as it may sound, even though it will cause short/medium term financial pain.