George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I'm afraid viruses do not have a concept of self (LOL). They are just tiny little BOTS, preprogrammed by natural selection to follow a course of action. But as you say, if the mutation kills all the hosts, the new strain becomes extinct, simples. Another Corona virus, the common cold has got it right, its infectious, but the host only get mild symptoms, so it propagates easily through the population.
Just watched a hospital in the news been totally overrun with sick people. Horrendous to watch, just pray it does not come to that here. Holding tullow for a 10 bagger not much good to you if your dead. Keep safe everybody.
https://www.wsj.com/articles/opec-u-s-shale-producers-open-talks-amid-oil-rout-11584719936
https://finance.yahoo.com/news/saudi-arabia-russia-really-want-210000966.html
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Do Saudi Arabia And Russia Really Want To Kill U.S. Shale?
OilPrice.com
Oilprice.com
March 20, 2020, 9:00 pm
Since 2016, as an informal leader of the 13-strong non-OPEC group, Russia has been instrumental in the pricing of oil as Saudi Arabia, leading producer in the Organization of Petroleum Exporting Countries. Now, both find themselves at odds as to how to respond to the global economic crisis caused by the fall in petroleum demand resulting from the COVID-19 outbreak. The Saudis insisted on overall cuts to be shared by OPEC and non-OPEC with a 2:1 ratio. Russia saw no need for any cuts because, in its view, earlier OPEC and non-OPEC curtailments had allowed the US shale oil industry to fill the gap. With the sharp fall in oil prices, many small-scale shale oil drillers in the United States will go bankrupt as happened in late 2015 when the Saudis flooded the market with cheap oil.
Starting in 2014, aided by high oil prices and technical advances, shale oil drillers boosted US crude oil production, accounting for a third of the onshore output. This raised US oil production from 5.7 million barrels per day in 2011 to a record 17.94 million bpd in 2018, outstripping Russia and Saudi Arabia – transforming the United States into an oil-exporting country after President Barack Obama lifted the 40-year-old crude-oil export ban in December 2015, following a congressional vote to that effect.
Frenzy: Russia refused to go along with a Saudi plan to reduce oil productions, both nations opened taps and prices soared (Source: Oil and Gas 360, Bloomberg)
By banding together such non-OPEC oil producers as Azerbaijan, Bahrain and Bolivia as well as Kazakhstan and Mexico, Russia broke new ground and sealed its leadership role in December 2016 when OPEC and non-OPEC groups agreed to production cuts to remove a global oil glut rising rapidly since early 2016.
King Salman bin Abdulaziz, after his enthronement in January 2015, decided to thaw relations with the Kremlin. He sent his favorite son, Mohammad, 29, deputy premier and defense minister, along with his foreign and oil ministers to Russia’s International Economic Forum in St. Petersburg in June. During his meeting with Russian President Vladimir Putin, Prince Mohammad bin Salman discussed Saudi investments in Russia, then under US and European Union economic sanctions. After the Kremlin’s September military intervention in the Syrian Civil War siding with President Bashar al Assad, the prince rushed to Sochi for a meeting with Putin and reassurance that Russia was not planning to forge a military alliance with Iran.
Related: How Chevron Could Win Big On “The Worst Oil Deal Ever”
The return of Iran to the oil market in January 2016, following its denuclearization deal with major powers, and US entry into the oil-export market created a glut. Prices plummeted to