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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

Energy Oil & Gas E&P
Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.


TSX:VET - Post by User

Vermilion Energy Inc > USA and India Release their Oil Reserves
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Comment by cleareyeon Nov 23, 2021 9:16am
167 Views
Post# 34156355

RE:RE:USA and India Release their Oil Reserves

RE:RE:USA and India Release their Oil ReservesThis is absolute madness on Biden's part.

Giving away the reserves today means far fewer options in the future.

Biden may noy understand it but the US currency is based on oil. If he ends up separating the price of oil from US dollars, by a further move to begin punishing OPEC as described at oilprice.com yesterday, then Russia and China can step in and formally take oil off of the US dollar. The US dollar would lose over 50% of its value overnight.

Biden could make his mark on history in a very negative way by increasing debt to 30 Trillion and the removing the pin that holds the US dollar in place.

Buy a farm; grow your own food; get a gun.

cleareye.
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