Alex Turnbull

The offshore barrels of oil and water has been dropping very sharply as all that crude has been absorbed into various places, India, China, like I said.

So yeah.

So I think that has provided something of a buffer to this shock because there was this backup of Russian crude that couldn't, no one was quite sure whether they could pay for it without getting sanctioned by the US.

But of course, that's

the current context.

I think they've been very strategic.

Certainly there's more or less control on exports of oil products right now, which is not very helpful for the region because they have over time been large exporters.

They are clearly doing this in a very targeted fashion and I would assume there's other considerations behind that.

For example, China has territorial disputes with the Philippines and Vietnam and the South China Sea, and they've now got something.

No, there's definitely been a notable pickup in certain areas where there was already a bit of momentum.

So in Japan, they have been undertaking a number of nuclear restarts.

They've been moving very tentatively as the public got behind

is all apparently accelerating now.

So Japan will push very hard on nuclear restarts.

And more importantly, the public polling is really strong for it.

So there's not a lot of political risk.

And of course, Takeuchi had a massive election win.

So she's in favor of it, the public's behind it, and there's a matter of necessity now.

So I think that's something one could assume is only going to move faster.

yeah and then in korea there's also more of a push for nuclear restarts so that's that's moving quickly china is doing some very pointed stuff to try to reduce lng burns and use in chemicals it's tricky and tricky to if you've got a plastics plant that's kind of hard to do but they're having a red hot go at it and similarly you're also starting to see a staggering acceleration in ev adoption if you do calls to auto dealers around asia