what if he is right., page-5

Hi healyn,

Interesting you brought that up. The Europe gas/energy crisis is very real and has been going on for years. Russia supplies a huge slice of Europe and the bulk of it is through UKRAINE.

Russia needs UKRAINE for supply delivery and with the ousting of the former government, supply is now threatened. The U.S. is now in the stage of building 2 huge gas export terminals and are looking for markets to offsell their HUGE stockpiles. Apparently they can match closely to Russias prices for export.

A lot of Europes infrastructure is years off from becoming independent from Russia and the U.S. wont be until end of 2015 or so. That is why Gazprom now is putting the squeeze on UKRAINE for unpaid debts and forward contracts to hopefully thwart the plans of the U.S. to export to Europe.

Its all about market share and without Crimea and UKRAINE, Russias market will collapse.

Look at all the worlds squabbling going on, even that with China and the Sth China Seas business its all about Oil, Gas/ENERGY, the driving force of the future and he who holds it is king and rules the world.

Still yrs off for any real significance of world markets getting hit including Brent prices. Australia is vastly underexplored and vast resources are there but no money to exploit it you can say. The Canning Basin Shale is 5th biggest in world, but how many wells are there on it now.???

Oil and gas everywhere in Australia, let the world squabble and Australia may have the last laugh to supply when overseas money starts to flow in for exploration and infrastructure.

As for Ego will it matter.??? Domestic gas supplies is the main aim and once ALCOA are paid off then the REAL gas sales will begin and condensate is just a valuable byproduct adding extra revenue. If the Brent is hit with this energy weapon problem it will be a few yrs off and in the meantime EGO plods on finding a bit more here and there, pays off ALCOA and then in the drivers seat with 2 revenue streams even if the price of condensate drops a bit to the Brent.