Suncor Energy Inc. T.SU

The Oil price change today

[MaximusGainus]

I'll tell you exactly what happened.

It dropped to open up a humanitarian corridor so the last remaining bears could get out.

-War is still on.
-about 4m bbls of Russian crude is off the market. (Affects the US starting in May!)
-Inventories dropping.
-Demand increasing
-Iran deal is priced in.
-Venezuela's oil infrastructure is in disrepair.
-The last buffer of additional production capacity UAE, Saudi, and Kuwait capacity of 1.5m bbls if it comes online won't make a dent.
-SPR is draining quickly
-Saudis won't even pick up the phone ignoring Biden

We all know where this is heading long term:   Higher!

[mrbb]

Greta Thunberg, Al Gore, David Suzuki,  AOC's green new deal have been quiet lately. I heard JT ain't giving in to canadian's wish for postponing next round of carbon tax April 1. His anti oil anti pipeline stance should be obvious by now.  I heard another $50 million of military equips pledged for Ukraine Neo Nazi marketed as freedom fighters, while labeling canadian

[mrbb]