yes in the mid to long term
in the short term many economies especially developing economies are gonna be in a world of pain.
these export manufacturing reliant economies need cheap stable energy to convert their economies from agri to industrialisation.
have the listen to the comments india made in the recent UN sittings and why india has repeatedly abstained from condemning Russia or voting on sanctions. (Yep india our QUAD ally)
anyways - gas at $50 and oil at $150 usd will cause a world of pain not just for EU but more so for the developing world - unless China and Russia do favours .. because the USA is already trying to force Qatar Australia Oman not to honour exisiting contracts to say bangladesh or vietnam but rather send the gas to EU
Medium Term Target: A$1+ billion market cap, page-1541
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