Baytex Energy Corp T.BTE

How ironic

[Duster340]

oil the biggest driver of inflation is up over a buck this morning ahead of tomorrows cpi#, the rest of the market is red and likely a big selloff tomorrow depending on how bad inflation jumped. the greedy saudis are sticking it to us and lining there pockets at a time when they should be increasing production for the better of the world

[robert41]

They are lining my pockets too and could have been lining yours. I'll tell you this the oil price is not the biggest problem is the cost of rent or where your mortgage payment ( if you have one) has gone in the last year is the biggest problem with inflation.

[Duster340]

maybe do some research oil is one of the biggest driver's of inflation higher rent costs is just one of many after effect's it can become an out of control spiral every thing goes higher, we see now with all the strikes wages too are going higher. What really drives inflation? That is because the causes of inflation lie outside the labour market. Economist Joseph Stieglitz has

[robert41]

I hope we are done with oil going higher these companies are crushing it even at these levels. If it hovers in the mid to low 80's that's good for everyone. I'm 60 I don't have a mortgage but if you have one and your payment has gone from 1000 to 3000k or 3k to 8 or 9k like so many in an area like van couver where I live ( let's not even mention rents) i can tell you those

[dllscwbysfn]

Vancouver has the highest fuel taxes in the land. Cut the taxes and it lowers inflation. Governments must learn to control spending. Tax, tax, tax, Spend, spend, spend, then blame the problems on the oil companies, funny stuff.

[robert41]

That's true ....I've been paying so much for so long I forget about that sometimes. While that would help they would likely tax somewhere else they need the revenue. To fund the green narrative don't even get me going on that.

[liljohnnyjoke]

seemed like just a few months ago that Saudis just wanted to get oil back to $80 which would have been good for everyone but now have their sights on $100 oil in shoulder season, maybe $120 in winter? which will kill the world eonomy and oil demand. The Fed may pause on rate hikes next week but will be forced to raise by 0.5 in November and subsequent meetings as inflation caused by rising oil

[masfortuna]

Just out of curiosity, at what price do YOU think should oil be selling at? After all, according to our government, we don't really need it right? We are going green don't you know? So don't worry about inflation caused by hydrocarbons. It's a non-issue according to the Libs.

[VeritasVern]

This post has been removed in accordance with Community Policy

[Paray99]

When Govt. Cannot do anything, blah blah bla.... will work for them. But we have to pay for everything... even more day after day!  Oil is to stay and at really higher prices than today... we will get rip off filling our car.... Diplomatic idiots keep flying and burning more gas straight into the upper atmosphere to make the world greener! Other rich idiots will compete to fire up rockets

[David01montreal]

This post has been removed in accordance with Community Policy

[dllscwbysfn]

If oil is the biggest driver of inflation then why does the government  not cut the carbon taxes and other taxes on oil. It would cut inflation instantly, right.So do you think they might be OK with all of this inflation or they are just plain dumb. Libs can never own up to their own mistakes.

[Chrisinvan7]

Government is the driver of inflation, they inflate the money supply. Oil prices, and all other prices for goods and services in the economy, respond to the inflation created by government. Government is the real source of inflation. Dont let these keynsians and politicians off the hook.

[masfortuna]

You still here???  Not sure why. Your credibility is in the toilet. Your calls have all been wrong.  And now you venture into the political arena to comment on what Saudi Arabia should be doing. Ok little man, ou think the Saudis should increase production for the good of the world. Ok...Ok...It's almost nap time for you. Please let the adults talk.