Baytex Energy Corp T.BTE

Contradictions

[marketsense]

Can't understand Biden's obsession re SPR.  Oil is not the problem Joe.  Higher
wages for those employed and an economy producing plenty of jobs are creating
inflation.  As for the CPI,   food prices are by far the largest factor but wages are also
contibuting their share as they are on the rise.   So I don't  get the targeting of oil.   It
is the wrong policy and will eventually come back to haunt them.  The fed can't afford
to take their foot off the pedal but they are risking tanking the economy by continuing
to raise.  That is a paradox for which I don't see a good ending.

[TheWokeLemming]

This was oil that back in 2015 was agreed to be sold now.   The income will help give time as they negotiate an extension of the debt ceiling.  

[Chrisinvan7]

I'm sorry but increased employment doesn't cause inflation, that's a bunch of Keynsian nonsense. Employment creates a greater supply of goods and services which brings prices of those goods and services down.

[JohnnyDoe]

Well Chris, macro economics was a long time ago for me but one of the problems in North America coming out of this pandemic has been public sector versus private sector job creation. Public sector employment has grown substantially, private sector not so much. So we've got employment expansion without the offsetting expansion of goods and services 

[Chrisinvan7]

You are correct. Now consider how these unproductive government jobs are being paid for: deficit spending. As long as governments continue to spend more than they tax, we'll continue to pay for government through the inflation tax. There are no free lunches, despite what trudeau and the central planners want us to think.