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  • First BP divesting, now Shell

    Shell announces it's exiting all its joint-ventures with Gazprom, including its 27.5% stake in the Sakhalin-2 LNG facility. Shell carries those JV at $3 billion valuation on its books, and it's warning of impartments
    https://twitter.com/JavierBlas/status/1498354014282555397

    Guess those big windfalls this year make it alot more palatable

  • Surely this means either Putin goes or Russia becomes a North Korea.

    I really can’t see him regaining the military momentum again unless he has reserves to put in and can do it faster than the Ukrainians can move up reserves and equipment. The US say he has 40,000 uncommitted troops but some of these must be his missing artillery, engineers etc. His existing armies must be getting tired and will need replacing anyway.
    Can he grab some territory and call a ceasefire before getting deposed. A General is going to get a Field Marshals baton or a bullet.

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