Athabasca Oil Corp T.ATH

2023 Oil Consumption Fully Recovered

[MLEWICKIMBA]

Strong dollar will kill the US Economy and their own investment in oil production. So soon Powell will change narrative. There is NO OIL MAJOR expanding period. Recession will be for a billion or two billion people. The rest are survival consumers. Base case 100M BPD Needed. Ath and all piers debt ready in 1 to 2 quarters. Remember oil consumption is consumer driven mostly. 8 billion global population and counting January 8, 2023. When covid started 240M less people then today. Manipulation will end - physical market will prevail. Jeff Currie of GS saying this. Google Jeff Currie on CNBC. Good luck

[bigstar10]

Talking population/death rate makes no sense....small drop in the bucket of oil. ......and you're backwards, there's 240m less people today because of Covid but the population growth rate probably balanced this if not more,,,,not sure what you're trying to portray????

[MLEWICKIMBA]

Not worth responding to your stupidity but i will do it anyway. In 2019 7.75 Billion People on earth In 2023 January - 8 Billion People on earth Hence consumption increased.

[bigstar10]

  and babies contribute to oil consumption??

[MLEWICKIMBA]

Yes! Hospital trips, clothes, food, medicine, toys, etc. A HUGE amount of economic activity all possible because of energy.... either as a feedstock to plastic or to various fuels. Additional human life brings physical requirements for fossil fuels. The financial market once again dictating the oil price but at some point the realities of the physical market will stop the decline in the oil price.