Robert Roth
Mar 18, 2024

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China recently discovered large oil fields. Once developed they could be net exporter of oil but for sure no longer a customer of Russian oil. This double hit on Russia, loss of a customer and a new competitor, likely alters their planning even if the projected oil field development is 10 years away.

Add in a shift to EVs affecting up to 50% of oil demand over time, my guess is Russia will be more desperate.

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Robert Roth
Robert Roth

Written by Robert Roth

Retired Intel Electrical Engineer, 70's US Navy Officer Nuclear Power Program, Graduate studies in Business UC Berkeley, BSEE U of Fla.

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