Peacetime Would Be a Black Swan Event For Energy

The “Russia question,” what role the country’s fossil fuels might play in peacetime, may not be the most pressing issue for energy bosses and the investors backing them. But it is rightly on their minds.

The year since Russia invaded Ukraine has been a roller coaster for energy markets. Oil prices have been volatile, with the global Brent benchmark peaking at $133 a barrel in March before falling back around $80 today—below where they traded on the first day of the war. That is nothing compared with natural gas. After Moscow

to Europe, the region’s benchmark TTF day-ahead gas price hit a level equivalent to almost $580 a barrel of oil in late August.

We 9nly need 10 years of oil anyhow..JOE declared it

Translation- why war profiteering is good and why the call for peace may hurt profits if invest towards that goal. 😐

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Russia-Ukraine war anniversary: Ukraine remembers ‘hardest day’ as U.S. announces $2 billion in assistanceAt a press conference in Kyiv to mark the one-year anniversary of the war, Ukrainian President Volodymyr Zelensky spoke about disappointments and mistakes: Zelensky described the invasion as “the hardest day of our modern history,” adding: “We woke up early and haven’t fallen asleep since.” He framed the conflict as a morally charged battle, pledging that Ukraine will fight on with the help of Western arms. Why isn't he speaking about the corruption?
Source: washingtonpost - 🏆 95. / 72 Read more »