Comment by
topdown99 on Dec 14, 2021 12:54pm
OMNICON was never an issue or a threat , it has been used as a convenient excuse to try to stampede the sheep . This has been used to help Biden "look" like he single-handed lowered gas prices . It's all BS but that will become clear in the future . Next week the TSE index welcomes a few new members in the club , these new members show where the money REALLY IS BEING MADE !!!
Comment by
BayStreetWolfTO on Dec 14, 2021 1:12pm
Well this an....every day above $70 is a great day last i checked RTQ WTI = $70.28
Comment by
BayStreetWolfTO on Dec 14, 2021 8:04pm
Very sad about the lost lives....but the media spin I think it might be to our advantage mid-long-term.
Comment by
topdown99 on Dec 14, 2021 8:56pm
I also believe OPEC is watching this very closely too . These waterfall price drops only reinforce cautious CAPEX budgets and reduced exploration . With their Dec meeting still in session , any excessive SPR dumping or demand curtailment can be responded to in hours by OPEC+ . Who blinks first ??? \\
Comment by
BayStreetWolfTO on Dec 14, 2021 1:08pm
Omi"con" was never an issue....but what it continues to do is ensure hesitation on any capital spend....it won't stop the supply crunch due to YEARS of capex slashing
Comment by
topdown99 on Dec 14, 2021 1:15pm
I totally agree with that assessment Wolf , the more the market threatens O&G prices , the less drilling companies will do . Its a vicious circle that could leave everyone freezing in the dark , lmao !!!!!
Comment by
Re1ndeer2 on Dec 14, 2021 1:28pm
This is too suspect to believe.......with only one confirmed death attributed too Omicron and we're roiling the markets....Only 6% of patients require Oxygen....something Fishy
Comment by
topdown99 on Dec 14, 2021 2:02pm
BIDEN AND THE DEMOCRATS !!!!
Comment by
mugs19 on Dec 14, 2021 9:34pm
More like Omi-CON. Just another reason to manipulate the Sheeple and markets. And NO I am not an anti-vaxer. mugs
Comment by
BayStreetWolfTO on Dec 14, 2021 7:51pm
This is a good distraction for the world. I have thought about this and the more I do I say have the world focused on COVID versus oil inventory levels. Otherwise governments might overreact and divert tax credits to drilling lol.