RE:Conspiracy theory was right all along
HighOctane89 wrote: I'm not sure if anyone heard this since it has been so lightly reported on but E Musk released a data dump showing how twitter was supressing any posts critical of vaccinations at the direct request (email) of Pfizer CEO . Musk says another release of data showing Anthony Fauci's meddling is coming and you know the same type of energy/climate change sensorship was happening too . Not unlike the Facebook "truth squad" who were suspending accounts and deleting posts critical of climate policy and media coverage .
As for BTE specifically , one of the big draws of Baytex was its "torque" to the price of oil . This was lost for the past 2 years with those forced hedges which have all expired now . BTE is poised to reap the rewards of increasing prices (aided by the 2023 hedges) , having 90K production they are back in the drivers seat . The O&G sector remains underinvested in and will be unable to reply to sudden demand increases .
Biden had a window of opportunity but he squandered it by attacking domestic production rather than support it . The SPR has been seriously depleted , exploration is non-existant and infrastructure is being used at capacity . Winter seems to be starting later but staying longer into the spring and it looks like more normal temperatures are coming . With frost warnings in Fla tonight and tomorrow nat gas demand should be increasing . Despite Ostrich journalism I expect 2023 to be the year that the rubber hits the road , as we get closer to summer driving season watch the supply panic begin .
Think what you want about vaccines and Musk, but clearly there was no debate allowed as Twitter censored any criticism. That alone should alarm everyone.
The last 2 times oil hit $80 it was forced back down quite quickly. Tomorrow will be interesting. With the Davis crowd meeting all week I expect the anti-oil rhetoric to be "cataclysmic" over the next 7 days. Im sure they are plane-pooling in all those private jets though, right?