Australia's largest stock trading and investment forum Australia's #1 stock forum

Russia Ukraine war, page-33210

First 33210 Last

Share
Profile

Follow
tbirdsrgo

14,065 Posts.

476

01/06/22

14:10

Post #: 61754546
Share

Originally posted by Cosmoterios: ↑

Europe is a continent.

Lol as if that needed an explanation.

The only difference between now and 8 months from now, is that, their refineries will come a halt, whereas refineries from other countries, like India, will be churning out refined products non-stop, and getting paid higher margin by the same European.

The bottom line is this: the world can't magically increase crude oil production by 2M plus barrels a day - that is 730M barrels a year.

You need to spend hundreds of billions of dollars in new investments to extract additional 2m barrels a day.

Have a look at STO which is about to spend $4.5 billion dollars to drill and then extract circa 100,000 barrels a day at Dorado - oh, yeah, first oil will be 2026. That is the kind of money and timeframe you need to look at, when you are talking about Oil and Gas.

The kind of volume they (European) are looking at replacing is just NOT possible within 8 months. They may be able to plug the gap by tapping into strategic reserves, but that is NOT a long term solution.

What will happen will be slight of hand tricks, where they turn a blind eye to mixed crude and mixed refined products.

Expand

There are many on these threads that have zero idea of maths/physics/economics - zero.

Not worth arguing with them - the argument quickly deteriorates to other issues.
4 Upvote

Reply

Top Stories

Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally

SKK

Stakk – formerly Douugh – rockets +300% on deal with Robinhood, the US trading app of 'meme stock' fame

WGR

Western Gold tanks -20% as company reports 'raw data' for assays incomplete; buries low grades

Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money

ASX Market Open: Wall Street rockets to new records, Oz traders trail in wake | Sep 19

First 33210 Last