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So i think the economic ramifications of this - are pretty long—term. i want to pick up on that. part of the conversations that the world has been having about the energy transition and need to transition, there was a lot of pressure, particularly from the united states, to stop investing in hydrocarbon markets, to stop investing in the oil development and so forth, and so you had everybody on the back foot and then this crisis happened. if anything, it proved that, again, american policy of almost saying, "we need to wipe our hands of this and we can just transition easily" is not actually ...

Will never again in our lifetime be considered to be acceptable i strategically or politically to be that reliant on russian fuel. sources, and that means huge investment in renewables, finding other sources. - that means these energy prices we see are not - just a blip or a spike, - this is a step change in energy costs for western economies - which will take years and will take huge amounts of money out of the economy, - so i think the economic— ramifications are pretty long—term. i want to pick up on that. there was a lot of pressure in particularfrom the united states to stop investing...

Strategic reserve because the price is so high. and because of the invasion in russia. but i view this as basically a band-aid, not a solution to this energy crisis. you know, we're looking at a situation right now when trump left office we were about $60 a barrel for the world price. now it is $105 a barrel. only some of that is atrit uteable to the russian invasion of ukraine. the other thing i find more puzzling. a couple other declarations that joe biden made yesterday one he said we'll with respect to the leases on the federal lands for oil development, he said well, if these companies ar...

The successful results follows four previous discoveries at the block.

The companies teamed up to explore parts of the far north of Russia.