Baytex Energy Corp T.BTE

Writings on the wall for oil

[deepblue]

Only matter of time ICE's are gone. https://driving.ca/auto-news/industry/canadian-ev-sales-surge-in-the-first-quarter-of-2022?utm_source=aroundthenetwork&_ga=2.225419666.988870840.1659567785-562365568.1659567782&_gl=1*4rq9f*_ga*NTYyMzY1NTY4LjE2NTk1Njc3ODI.*_ga_H792QCFZPV*MTY1OTU2Nzc4NS40NS4xLjE2NTk1NjgxMDEuMTY.#038;utm_medium=onnetwork&utm_campaign=on_network_boosting&utm_content=driving

[Tradestay]

everyone knows oil is not going to last forever, but only critical thinkers knows it will be around for decades. When uou post an article taking about 50+% increase, also reference its still less than 10% of total vehicle sales. Many more years to go, which give investors lots of time to see return on their money. Writing is notnon the wall when the world is burning more coal today like it did

[HighOctane89]

I have been watching the European open and oddly enough about 50% of their discusions are regarding oil . The tight supply , low inventories not seen in 30 years and reduced capacity due to government policy were all covered , one host said "its quite a pickle we have put ourselves in" . But there was one guest who when asked about the drop in price blamed it on demand destruction by

[HighOctane89]

I was just re-reading this and it dawned on me , BayStreetWolf is the closest person I know who would actually rate as an unbiased journalist (no offense indended Wolf) . How ironic is that ?

[masfortuna]

India has burned 5 BILLION+ tons of coal this year thus far...I guess we need a higher Canadian carbon tax to offset that.