they're a super fund holding.
Thinking about bailing though.
Exploration is a long timeline input to oil supply but the entire industry has been based on 3% yoy growth.
Once its no longer growing (let alone shrinking) then the whole structure is at risk IMO.
Rather than just oil though, its more about electricity and batteries.
Big big changes happening at 10x the rate many expected.
Ann: Santos announces non-cash impairment, page-6
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