Yes , in this environment US might be able to just about supply their own demand .
But I thought the Saudi's even more dependent on the oil than Russia who have some other revenue streams .
The Russians have agricultural exports , gas (fixed contract) pipelines etc. and are much more diversified than the Saudi's and a bigger economy .
Some elements in Saudi would love to get rid of the royals and other royals would love to take power so there is risk , probably more so than with Putin .
Wouldn't care to place a bet on the winner but too early to count anyone out IMO .
Certainly there'll be an immense cost to both and a degree of stimulus to the world in general when it really needs it .
What am I talking about ?
All I care about is the GOLDEN HORSE !
hedging, page-92
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.99 |
Change
-0.010(0.50%) |
Mkt cap ! $2.274B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $2.01 | $1.95 | $4.089M | 2.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 118873 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 7561 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.99 |
Change
-0.010 ( 0.79 %) |
||||
| Open | High | Low | Volume | ||
| $1.97 | $2.01 | $1.95 | 487635 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| RMS (ASX) Chart |