WDS 0.40% $27.28 woodside energy group ltd

ALL IMHOThe war will continue for another 2-3 months. Russian...

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    ALL IMHO

    The war will continue for another 2-3 months. Russian energy exports is 80% oil 20% gas. While a lot of efforts are being made to reduce Europe's dependence on gas by sourcing alternative suppliers, the emphasis are made on oil. 50% reductions is already achieved on oil exports from Russia without the full embargo. 24 Million barrels are floating at see without a buyer. 2 Chinese banks refused to be involved with any oil transactions with Russia. Russia is desperate in their war efforts. They have not achieved much. They lost about 30% of their tanks, over 100 planes, over 130 helicopters, 20,000 men + killed and wounded.( 2 generals, unprecedent case as even during the WW2 they did lose the generals at this rate). They may use chemical or biological weapons in the near future. The pressure will continue. The oil prices will continue rising.
    Last edited by sayrex: 11/03/22
 
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