Good for Canada?
Mexico plans to end oil exports in 2023 to reach self-sufficiency and reduce exports to 435,000 bpd in 2022. This is great news for the Canadian oil patch, Mexico once not long ago was a major exporter of oil, as of 2023 they will keep it all in their own country to be self sufficient in their energy needs. Less new discoveries, greatly reduced new investment is the perfect storm for energy prices to skyrocket. I just read a post about the Ford Mustang Mach-E, apparently it costs more to replace the battery then the car costs in Canada. Forget about the covid BS the media is selling, the EV revolution will die once the truth about the costs and the destruction of the planet in mining for materials required to produce these toy cars. As the Wolfman says over and over, ignore the media, fake news, eco agenda, oil and nat gas are here to stay for decades to come. Lets hopefully see a nice GREEN DAY tomorrow