RE: UK Government Red Deisel Replacement14 Feb 2022 11:34
I agree Bondy that the Ukraine debacle is exacerbating our weak position but it's because we've made no tangible progress towards commercialisation, despite Bond's bullish rhetoric, that we're in this vulnerable position in the first place. I personally think Putin will back away once he's secured acceptable concessions but let's hope it doesn't take too long. I certainly believe Biden's crew are hyping this to distract from their incompetence and unpopularity at home. Once things calm down they'll try to claim credit for successfully deterring Putin in a desperate attempt to look like they know what they're doing!
Anyway I hope your optimism around the definition of early 2022 proves correct and we get something good before end of Q1 at the latest. Always more patience required here!