Baytex Energy Corp T.BTE

IEA says restrict cars...

[jleer42]

You can't make this stuff up...

The International Energy Agency said the world could lessen an oil shortage caused by Russia’s invasion of Ukraine by restricting how people use their cars and accelerating the transformation of cities dominated by the automobile. 

 

“We are experiencing a major crisis,” IEA Executive Director Fatih Birol said at a press conference on Friday. “Oil markets are in an emergency situation. And not only that -- it may even get worse than today in the next few months.”

 

Advanced economies could reduce their daily oil demand by 2.7 million barrels within four months by following a 10-step plan, the IEA said. That would significantly ease looming supply strains by almost offsetting the 3 million barrel-a-day loss of Russian production the agency anticipates for April.

https://www.bnnbloomberg.ca/iea-says-world-could-ease-russia-oil-crisis-by-restricting-cars-1.1739523

[arizonabound]

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[oakesy]

So true. This energy crisis is a direct result of govt. energy policies influenced by the globalist UN , WEF and their esg mandates. We were heading here regardless of the geopolitical situation in the Ukraine and Russian invasion which has fast forwarded what was inevitable.  No upstream capital investment by the oil majors allowed by activist board members and Opec+ with minimal spare

[MoreCarbon]

Frik, crisis BS. People are too used to cheap natural gas and Hydro. My cell phone and internet bill is more than my Hydro, what's really essential nowadays. My preferred outs price is 35+ BTE will have a proven their value, cheers with the Friday wine.

[SuperDude2]

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[MoreCarbon]

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[Lisagerrard17]

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