Obsidian Energy Ltd T.OBE

The current price of oil is a total manipulation

[thetruth54]

The curerent price of oil is just a manipulation by the paper crooks on Wall Street and in these oil markets. There is no demand problem. China just reported 4.5 % GDP.  Employment in the US is strong. There have been consistent draws in oil inventory as reported by the EIA in recent weeks only to be met with lower oil prices. This is manipulation by the paper markets and does not reflect the reality of the physical market. CSX a major rail hauler in the US just reported today a 9% increase in revenue. If there were demand issues that would not be happening as they haul essential materials to major industries in the US. OPEC and in particular the Saudis know this is manipulation by the US paper market crooks. They even expressed that was the reason they did the recent production cut. If I was the Saudis I would hit the market again with another big production cut until this manipulation  by the Wall Street paper crooks and others  in the oil markets stops. I hope the Saudis cut again and punish these crooks. Here is the proof:

 

US economy 'regained growth momentum' in April as recession fears swirl

The US economy is in the midst of its biggest upturn in nearly a year, according to new data.

Myles Udland

Myles Udland·Head of News

Fri, April 21, 2023 at 12:15 PM EDT

The US economy is in the midst of its biggest upturn in nearly a year, according to new data from S&P Global out Friday.

"The latest survey adds to signs that business activity has regained growth momentum after contracting over the seven months to January," wrote Chris Williamson, chief business economist at S&P Global Market Intelligence. "The latest reading is indicative of GDP growing at an annualized rate of just over 2%."

In April, S&P's composite PMI reached 53.5, up from 52.3 in March and the highest reading since May 2022, the company said in a release. For this index, any reading above 50 indicates expansion in economic activity, while readings below 50 indicate contraction.

 

For the services sector, S&P's business activity index registered a reading of 53.7, up from 52.6 last month, while the report's manufacturing PMI came in at 50.4, up from 49.2 in March. Friday's reading marked a six-month high for S&P's manufacturing gauge.

[thetruth54]

Here is more evidence that demand is actually gaining strength. Even the pathetic Eurozone demand is increasing. Read this article and try not to laugh at the statement that the price of oil is gaining. Talk about pathetic and ridiculous manipulation in tese oil markets. Well here are the facts that nobody can deny: Crude oil higher, boosted by signs of Eurozone economic recovery Fri, April

[thetruth54]

Here is more evidence that demand is actually gaining strength. Even the pathetic Eurozone demand is increasing. Read this article and try not to laugh at the statement that the price of oil is gaining. Talk about pathetic and ridiculous manipulation in tese oil markets. Well here are the facts that nobody can deny: Crude oil higher, boosted by signs of Eurozone economic recovery Fri, April 21

[thetruth54]

Crude oil higher, boosted by signs of Eurozone economic recovery Fri, April 21, 2023 at 5:42 AM EDT Peter Nurse   Investing.com -- Oil prices traded higher Friday, boosted by signs of strength in the eurozone economy, but are on course for the first weekly loss since last month’s banking crisis. "data released earlier Friday showed that the eurozone economic recovery gathered

[thetruth54]

There is a real but unseen global war going on between the Saudi/OPEC Russian,China cabal and the US/EU SocialistsWallStreet oil market paper crooks and it is not just on the battlefield. It is playing out in the oil markets. Each side is using their chosen weapons to fight the other. The Saudi/Opec/Russia have the real world physical oil and the West have the paper markets as weapons that they

[Hendrick3]

Paper markets can never create physical barrels. In fact the paper manipulations will make matters worse in the long run. Demand stays strong with low cost barrels and drilling slows down. By the time the market reflects reality, the shortages are too dire for a recovery and we will see very high crude prices. I dislike the manipulation but patience will reward us when the fraud is exposed. The

[thetruth54]

I believe that will be the case. But I hope that the Saudi's continue to try to punish these paper market manipulators.The free markets are at stake even though the Saudi's themselves are manipulators. But at least they are doing so with real barels of oil and they at least try to acknowledge the  global economic conditions of supply and demand that exist. These paper market crooks

[thetruth54]

I don't know that just exposing the fraud will resolve this issue. The Saudis cut production1 million barrels recently as a surprise to try to get even with these paper market crooks. But look they just took the price down almost as if nothing had happened and there wasn't  even a  production cut. For me there is no doubt this is manipulation by some very powerful global forces