BotakTur
2022-07-07
K//@Soyabean89:Unless the world suddenly lift sanction on russian oil, fertiliser & commodities ; big brother US of A lift sanction on Iran and venezuela oil and the world shift to use coal & nuclear for power & heating generation n reserve crude oil derivatives for transportation,Or back to 2020 global lockdown 2.0 it is unlike to see oil price to subside back to pre covid level... Oil will still be persistent on high prices despite current dropping in price due to recession prospect uncertainty on market value ( doesnt meant car and plane dun suddenly run on air or thought and prayers) market sentiment not equal to real life application and will sooner or later claw back its rightful placeDespite recession outlook, the basic necessities will still drive oil demand like agricultural ( are we expect farmers to harvest with sickle n livestock?) while the world is facing impending food crisis. Fertiliser industry are still lack in filling the gap.. We already heard that skynrocket fertiliser price has render many farmers to forgo using them and reduce yield.. Causing vicious cycle...  And the key economic are still in summer season... Wait till sept when the air turn chill... Are you expecting the city to warm themselves with thought n prayer? Saudi princes are laughing to the bank as the fiesty eu members boycott russian fuel while scramble to find alternative... Biden has no power over them and middle east r shifting towards china with the acceptance of digital yuan. Years of ESG, COP, carbon tax has render the world economy into circus clown after putin ignited the spark.. Showing the vulnerability of current " green" energy... (ps solar panel is not holistic saint too.. So much pollution for crap efficiency)  Share your thoughts @Venus_M@HH浩@SR050321@HelenJanet@Rookie22
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