Baytex Energy Corp T.BTE

What Recession? The U.S. Oil Industry Won’t Stop Growing

[smallcaptdr]

See this is a typical BS news release because they're focused on only the Oil industry so how many of your family members work in the Oil industry? Of course, this sector has been growing ever since Oil started trading higher in Dec 2021, and it's because of this industry that's making everyone pay more to heat and cool their homes or businesses, and the price of gasoline all are contributing to higher Inflation thus causing the FED's to raise the Intrest rate, and here are the latest Rig Counts and they're down so its BS that the Industry is growing and will carry the US through a recession and If Oil goes higher than you'll see Rigs being added. They're making it sound like 97% of Americans are employed by the Energy sector. Once we are in a full-blown global recession then this sector will be crushed. When the FED says prepare for a deep recession you should listen.

What Recession? The U.S. Oil Industry Won’t Stop Growing | OilPrice.com


US Crude Rig 

US Total Rig Count 

[Moemoney42]

OMG you're stunned.. many families work in the energy sector.. the related business that supply the energy sector are also huge job creators.. the reason the oil & gas prices are high is the gov'ts concerted effort to throw the industry under the bus.. why would these companies insist on growing production when they get penalized  for it and the friggen gov'ts want to impose a

[IainCaimbeul]

Moemoney42, please stop responding to the super mutt aka smallcapdr. His posts are mindless drivel. I don't see them unless someone I don't have on IGNORE responds to IT with the quote. Put him on the IGNORE/MANURE pile. :)