TSX:AX.PR.E - Post by User
Comment by
EstevanOutsideron Apr 19, 2024 2:20pm
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Post# 35998529
RE:RE:RE:RE:RE:Wow, have been following latest middle east
RE:RE:RE:RE:RE:Wow, have been following latest middle eastYeah, that's what javier blas reported on bloomberg:
https://twitter.com/JavierBlas/status/1779582330795082180
I really dont see oil prices as an inflationary threat but downstream.
Thankfully downstream additions have been quite good, with multiple new major refineries coming online in the past year or so, including dos bocas refinery in mexico this week.
All pressure diesel and gasoline prices in my view which is good for deflation.
From Canada and US perspective, not sure why oil doing well has to be bad anyhow, given how much we export compared to prior decades..