Baytex Energy Corp T.BTE

Moderna and China

[Re1ndeer2]

Possible game changer as China considers Moderna......https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-believed-pandemic-beginning-that-biontech-violated-patent-ceo-2022-09-14/

[HighOctane89]

China is taking both Pfizer and Moderna vaccines from what I heard last night Re1ndeer and as China continues to open back up , demand will shoot up accordingly 

[GambinoB]

Is there enough oil supply if China opens up in full.

[HighOctane89]

China has a sizable SPR they can draw on but as with any SPR , it is limited . Once China gets back up and running at a normal pace it will seriously squeeze supply so depending on price I would expect China to look for cheap Russian oil . With India and China after the same Russian barrels the rest of the world will be reliant on OPEC+ and NA exports which looks good for producers but not so good

[marketsense]

No doubt we are in a long term bull market for oil thanks to the ivory tower knee jerk climate change advocating politicians.   They have created this epic fiasco and now are caught red handed by their own arrogance and stupidity. Canada is awash with oil but thanks to Biden( who killed the Keyston XL) and our  own JT who seems embarassed or ashamed to admit that Canada still has an oil