RE:RE:RE:RE:InflationCareful BB, all these short sighted anti oil, climate nuts, ESG investors, and EV pushing folks have caused such a shortage and spike in the price of energy, they are making us a LOT of money!
The best thing for us shareholders is that they continue attempting their stranglehold on production from the oil industry, forcing the prices up even further.
As energy becomes scarce and moves up to the extreme, they will eventually find themselves having to choose between starving to death from the high price of granola, or to freeze to death in the dark huddled in wool and hemp clothing. I do fear for the poor and innocent in the world that will be badly affected by their actions and influence, caught in the middle.
Meanwhile, Canadian energy shareholders will cross paths in our chauffered Rolls Royces, Ferraris, and new 4x4s sporting a 'I Love CDN Oil' bumper sticker.
We will smile as the window rolls down, and one of us says the common greeting:
"Do you have any Grey Poupon?"
mrbb wrote: instead of talking about inflation, why don't we criticize the anti oil, anti pipeline leftist that are driving this energy inflation which drive all other inflation? We are here because the left curtailed energy development in oil, gas, nuclear and pusing for solar and wind.
Dixiedee wrote: I remember getting 19.5 % on my Canada savings bonds
and 17% on 5 yr term deposits
you didn't have to take all the risks that you do with 1 to 3% interest
inflation was 12 ton15 % but for most was a lot higher just like today in Canada they say we have 6:7;% inflation right now I tried to find just one thing that I buy that has gone up only 6.7% in the last year I can't some items where up only 1% but when I checked the package quantity shrunk 20 % so it was really up over 21% governments lie about inflation so the working man doesn't ask for higher wages and indexed programs don't go up
USA announced its 11% there but don't worry it's peaked heard that one before and before that it was transitory only temporary that's when it was 4% well its 11% going to 18% but we all know when they say its 11% it's really 18% and when they say its 18% it's really 30%
inflation is going to get worst alot worst