Suncor Energy Inc T.SU

World Oil Demand

[mrbb]

i lthink too much of oil price is reacting to US inventory build news over what the world oil demand which this article saying it ain't dropping. OIl demand outside of US is climbing steadily

https://www.rigzone.com/news/world_oil_demand_continues_to_exceed_expectations-20-nov-2023-174763-article/

[davidan31]

my concerns for oil, while supply/demand based, are less traditional. My oil Investments fear another lock down whether terrorist based or pandemic based and they hope for a geopolitical event. These can no longer be considered high standard deviation events

[Experienced]

david...I think that you need to look at these things from a more detailed level https://www.investopedia.com/solving-the-war-puzzle-4780889

[davidan31]

Opened link...thnx..i would argue the analysis though 'detailed' is still linear. The world is changing too quickly...old models need not apply. For instance said analysis begins with the scene of rising U.S. power and rising oil production and abundant global reserves. Those processes are ending and reversing. The game has changed- Macgruber

[Experienced]

David - good point I agree it is important to keep an eye on these things.  I guess by detailed I mean to look at each conflict carefully.  For example, at the outset of the Israeli Hamas war, I posted saying that I doubted that this would result in higher oil prices other than a short tempoary bubble since the battle wouldn't result in changes in the oil supply.  So people