Acceleware Ltd V.AXE

Now that that is handled we can all relax

[JeffreyS]

One major positive factor for AXE is that it is very likely we are the beginning of a secular bull market for oil. And also, it is very likely that starting in 2025 the Ukrainians won't limit their attacks on Russian Refined oil product production, but on all Crude Oil production and distribution. I estimate that by 2026 the brent price will be in the range of $150 per barrel pluis.

[JeffreyS]

Or maybe higher than $150 per barrel.

[JeffreyS]

$200 per barrel? Thoughts anyone??

[L.A.]

I like your optimism Jeffery but unfortunately I dont share your view. I follow a few commodities experts and they have been very bullish on oil for a few years but it never materializes. Most of them said we would be over 100 in 2023, then late 2023 then 2024 due to low inventories. The price is range bound and will be held in the 75-90 range because that is the best medium for producers to make

[JeffreyS]

Yes, But, if Russia produces 10.8 million barrels of oil per day.And if Russia exports 5.1 million barrels of oil per day. And if Global daily use of oil is about 97 million barrels of oil per day (about 102 million barrels of oil per day including biofuels.) What happens when you reduce global production by 5 million barrels of oil per day if Russias exports are taken off line??? Do the middle