Russia Will Have to Shut-In Oil Production

Thats a big thing. Russian oil is not the kind that lends itself to shut-ins easily. Once those wells a flowing they must go on flowing as otherwise, they will gum up making a very expensive re-development necessary and Russia does not have the tech to do this. Some of those wells will remain shut in pretty much forever even when the geopolitical situation thaws up again. Russia’s oil likely has peaked.

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