Baytex Energy Corp T.BTE

WTI

[1234bmth]

Each time WTI passed $70, they smashed it back to below $70, I think this is going to happen for a long period of time, but the problem is that most of the time OPEC + pushed the oil price above $70 let's see what will happen this time, I don't think if OPEC + interfere again.

[jleer42]

In 8 days the Saudi cuts start. In the States they can report whatever they want in line 13, but eventually the tanks are dry, regardless of you reporting they aren't.

[1234bmth]

It is not about the reporting, it is the capability of shorting oil, US is capable to print dollars with no limit and short oil for un definitely time period, because they are controlling the world monetary policy. The only way for OPEC + to bring oil price up is to completely stop oil production for a few months, but this is absolutely unlikely, as warren Baffett says " don't bed against