Bullboard - Stock Discussion Forum Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas E&P

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The... see more

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Vermilion Energy Inc > Oil shock and awe surge will lead to demand destruction

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Post by EnergyWatcher55 on Mar 06, 2022 11:34pm

Oil shock and awe surge will lead to demand destruction

For oily bulls, be careful what you wish for. These EXTREME surge in oil prices ($124 WTI and $130 brent) with no end in sight is unsustainable. High oil prices will eventually lead to demand destruction and will end up with oil prices crashing. Can't tell you when but it will happen. GLTA.

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Comment by mnztr on Mar 06, 2022 11:45pm

Demand destruction does not happen overnight. Pirices go up behavior changes, prices drop. Of course if it causes a mega recession it will crash.

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Comment by marketsense on Mar 07, 2022 1:11am

Demand destruction works slowly no doubt and especially when its an integral part of the global economy. EV's are still not mainstream and the world is not ready to do away with plastics so realistically there isn't much of a practical alternative. The problem now is that the industry has been starved from investment capital and discouraged by negativity and is bloated with debt so ...more

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