Baytex Energy Corp T.BTE

Amrita Sen's take on the cut

[jleer42]

Amrita Sen talking about the OPEC cut. She referenced both the OPEC cohesion and the fact they will defend an oil price floor. Definitely putting the US administration on warning.

https://www.youtube.com/watch?v=fwQlVDHc2HA

[marketsense]

The Biden administration must be having fits today.  OPEC has had enough of the lying and backstabbing so what is the WH going to do now.  Release more from the SPR or get Powell to raise interest rates again and destroy the US economy?   They just don't get it.  They can't control the world oil price anymore.  They've used up almost all their bullets fighting

[MoreCarbon]

I agree with all that, seems like OPEC wins either way, Reduce output just to piss off the WH for SPR release/profit and force inflation, then interest rate hike, then economy has no where to go but crash into the fairytale eco-wall.  Funny how Biden wants to penalize oil companies that made a profit and do all the hard work to get oil on the market and keep the economy functioning