Post by
Franman184 on Jun 24, 2022 8:01am
Smokescreen the last two weeks
Just my opion - The world is using more oil then can be supplied. The Russians are selling just as much oil if not more then before the Ukraine war. They are making more money than before the start of the war with a 20 to 30 percent discount to world prices. Gasiline in the USA is selling at the equivalant of $170 crude oil because of a lack of north american refining. China has only started to ramp up thier economy again. Canadian oil and gas companies are making a boat load of cash and if thier smart they are paying down debt and retiring shares. Long Canadian oil !!