Seriously this could be the perfect storm for TEG and GAS if just both Co's can get their shit together.
I mean now not 6 months down the track.
So Aust Govt has announced we are all good to supply more Oil and Gas to Europe when required.
What about the East Coast shortage KIDS???
For stuffs sake don't tell me that finally the Aust Govt has worked out that Oil and Gas are an important industry in Aussie.
Bout Bloody time,
Ohh yeah gang we will tap our reserves for the world, For Sure, who are they kidding. yeah like we have plenty........SURE........
Aust Govt to TEG.........Like can you give us whats in your tank right now,,,,,,,,,,PLEASE
Did somebody forget to mention that Japan released a bunch of their reserves to try and get the POO price down along with old mate Bitey Biden recently.
Oh Boy.
All in my opinion of course.
Oil surges above $100 for first time since 2014 as Russia attacks Ukraine
BEIJING (Reuters) -Oil prices surged, with Brent breaching $100 a barrel for the first time since 2014 on Thursday as Russia attacked Ukraine, exacerbating concerns that a war in Europe could disrupt global energy supplies.
After Russian President Vladimir Putin authorised what he called a special military operation, Ukraine's Foreign Minister Dmytro Kuleba said in a tweet that Russia had launched a full-scale invasion of Ukraine and was targeting cities with weapons strikes.
Brent crude hit a high of $102.48 a barrel, the loftiest since September 2014, and was at $102.06 a barrel at 0547 GMT, up $5.22, or 5.4%.
"It's not just geopolitical risk that is the problem but the further straining of supply," OCBC economist Howie Lee said. "Russian oil supply will disappear overnight if faced with sanctions ... and OPEC can't produce fast enough to cover this gaping hole."
Japan and Australia said on Thursday they were prepared to tap their oil reserves, together with other International Energy Agency (IEA) member countries, if global supplies were hit by hostilities in Ukraine.
Analysts are also warning of inflationary pressure on the global economy from $100 oil, especially for Asia, which imports most of its energy needs.
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