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Posted (edited)

+1 

 

Russian oil/gas was still finding it's way to market, so I don't expect that will meaningfully impact global prices. Will just make it more expensive for India/China who won't be able to buy hated oil at a discount and less expensive for Europe who now has more choices - but average prices globally will remain largely unimpacted. 

 

Agreed it's not bullish for net investment and new production at this time. 

Edited by TwoCitiesCapital

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