Dec. 16 at 5:29 PM
$CIVI IMO: i will not say anything about any oil company. just will ask one simple question. answer it - and you may know all next few years oil prices.
do you think that ANY SANCTIONED RUSSIAN OIL is really disappearing from earth surface? and when/if sanctions lift, this oil will be back into earth?
DEMAND is WHOLE oil supply. does not matter if it "sanctioned" or not. only stupid europe politics and consumers may say that russia do not and can not sell oil into same europe. in reality whole world market is ONE big supply/demand entity.
i do not talk in this post about iran, there is a bit more difficulties to export. and much more capabilities to control iran because it is much smaller force than russia.