Post by
Sweetleaf420 on May 30, 2022 5:33pm
Driving season
Is anyone seeing any gasoline demand destruction? Here in Oakville Ontario & the GTA, I'm seeing nothing but heavy traffic with more vehicles on the road then ever. Yes, I'm also seeing many more Teslas on the road but not enough to do any damage. Baytex has had a nice little run, new 52 week high with a 52 week high close, not to mention that Moody's ratings have been upgraded to B1 from B2. Any day above $70 WTI is a great day, right BSW.
Comment by
JamesT on May 30, 2022 6:57pm
North America electric car adoption won't offset developing nations increasing demand for oil. The oil markets are gloabl and ESG trends in North America are meaningless.