Member Info for Harmonica

"loney should not be involved in politics instead he should buy oil from Russia like shell did"

Elphi,

Buying oil/gas from Russia currently IS political and very much so! Indeed, Shell has admitted that it asked for UK Government advice BEFORE going through with the purchase of Russian oil, in order to fulfil supply contracts to its own customers.

Curious as to why the increase in the price of Shell is DOUBLE that of BP as I look just now?

Any thoughts?

Not sure that Shell had "no choice" but to buy a shipload of Russian-sourced crude oil. Glad to see that the profits will go to Ukraine humanitarian efforts. The reason given was that it had to filfill the orders of customers. Hmm...

Markgo,

"Varient" (sic)! Ha-ha-ha! Very funny!

The point was that my prediction has been proven correct, currently, though looking like I ought to have considered going higher.

I predicted a price of $120 if Russia invaded. I now strongly suspect that I am going to be seen in hindsight as too pessimistic.

Where is Eukrania???

As laughable as the rest of your post!

Thanks, Bes1960, I needed a good chortle!

$110?

Where are you seeing such a price?

As of 18:00, Brent cruse oll futures is $105.86.

Switzerland, famous for its studious neutrality, has announced that it will follow the EU in its reaction to the invasion of Ukraine. I wonder how many billions of wealth have been salted away in Swiss banks?

Alexandr Orlov, possibly the most well-known oligarch, will no longer appear in television advertisements for CompareTheMarket.com during and around news bulletins. That will brimg Putin to the negotiation table. Simples!

With Brent crude up 3.96% and WTI up similarly, BP would normally have followed upwards.

How much more would it have fallen?

Promises well for tomorrow.

£4.05 Harmonica.
£3.90 NSS

Jamtart1,

You have conveniently forgotten that in 2014, the people in Scotland, alas, voted to reject independence. That is why there is no chance of a second referendum so soon, as it would be a slap in the face of the majority.

Perhaps it would he okay after twenty years?

I write that as somebody who wants Scotland out of the UK asap. Unfortunately, the SNP moved too soon.

Smartie06,

"Principals" are like headmasters!

Did you mean 'principles'?

At close to 05:00, Brent crude is over $101 per barrel.

Slater606,

My guess is that in the case of a full invasion by Russia, the price of crude oil and gas would likely rise sharply. In that case, the BP share price would rise, since its primary products would have higher profit margins.

MrMath,

How would the West start a war.? Who looks to be invading an independent country? Who has already taken a part of the Ukraine back in 2014?

MrMath,

How

ThroneGames,

Russia has form for claiming that it wpuld not invade the Ukraine...and then did! See Crimean takeovwr.

Kince 360,

Interesting post, thanks.

One mistake, though...nations with huge national debts love high inflation! Why? It reduces the real value of their debts, as the value of money falls. Put another way, the state pays off debts of money that had a certain level of purchasing power, with money in the future that has a lower purchasing power! As for interest rates rising, that should not hurt debtors with fixed interest rates, which most nations are since government debts are often issued at a given rate on initial sale and not then adjusted. Sure, future new borrowings would become dearer.

HappyInvstorr100,

Why would the Ukrainians believe any security assurances that the Russians under Putin give? The Russians spent at least one year saying that it would not invade the Ukraine...and then did, in order to get hold of the Crimea and access to the Black Sea and therefore the Mediterranean.

If anybody has boxed Putin into a corner, it is Putin himself.

Meoryou,

IF there ends up being mountains of excess cash, then apart from debt (note the spelling!) reduction (debts are still huge) and share buybacks , BP could accelerate or widen its wind farm investments in the Irish and North Seas.

Invrstrat,

Dividends are merely a distribution of profits, so your plan would not work!