Russia & China11 Apr 2018 13:03
This may seem a naive question but if probs with Russia escalate. It could, couldn't it? Make the Falklands more viable... Much of Europe's energy needs comes via Russia and to a less extent ours..if this were disrupted for any reason, prices would rise... Also future sources...?? Oil and gas demands are growing not only according to population increase and demand but within population growth, we have greater spending power...
There are now over a million millionaires in China with a disposable income of over a million (dollar equivalent). That figure has overtaken the states..demand for alternative fuel sources is greater than ever but the demand for existing ones have never been higher to...that's got to be a reason why poo is predictably bouncing back and why I think it will reach new highs over the next couple of years...lets see! I can't find the source but remember reading that the oil companies (explorers to) to be invested in are the ones that havnt made huge cutbacks during the downturn but a smaller, up and coming...they have already been investing for greater activity. Interesting that Rkh were able to negotiate better contracts during down turn, and look well positioned for timing of greater poo but frustratingly, still not reflected in sp.