Vermilion Energy Inc T.VET

Can Someone Explain

[marketsense]

This to me.  How do more int rate increases help ease an already very tight oil & gas 
supply situation?  Is demand destruction going to slow the summer driving season
or cause people to turn off their air conditioners throughout those blistering hot
summers days and nights only to be folllowed by the fall and winter when demand 
will increase again.   Then there is hurricane season and its destructive force on
energy markets.   Then there is all that pent up demand from the pandemic lockdowns 
when people are desperate to get away on vacations by air or by car.

The narrative we are being fed is that increasing int rates will start to curb inflation. 
Well the main reason for inflation is high energy prices which was caused by years
of inderinvestment and bad gov't policy.   The prescription for solving this is to raise
int rates but I fail to see it.  In fact it might makes thing worse,  not better.  Joe Biden
wants oil companies to drill to increase supply but the oil companies are smarter 
this time after years of being driven into the ground.  Is there something I'm not seeing?

[whoLuLu]

ask - https://en.wikipedia.org/wiki/Paul_Volcker

[whoLuLu]

Inflation emerged as an economic and political challenge in the United States during the 1970s. The monetary policies of the Federal Reserve board, led by Volcker, were widely credited with curbing the rate of inflation and expectations that inflation would continue. US inflation, which peaked at 14.8 percent in March 1980, fell below 3 percent by 1983.[20][21] The Federal Reserve board led by

[Pandora]

And I was a very happy camper having a fixed mortgage rate of 6% in 1981. Over 20% was very scary. Fixed in those days meant fixed for the 25 year life of the mortgage - not a renewable every 5 years. And when you bought a house you could take over an existing mortgage if the rate and term were good.

[treehill]

One primary thing you aren’t seeing is how inflation is measured. You say the main reason for inflation is high energy prices - that isn’t necessarily true. Central bankers focus on inflation as measured by indices like CPI, which is essentially tracking a so-called basket of goods. Thirty percent of the weighting of that basket is shelter (i.e. housing). Housing costs have been going up for years

[mnztr]

Some sources of inflation are already well on their way to being fixed. Energy inflation is a bigger problem. No one has talked about the lack of refining capacity globally. It takes 5 years to build a refinary and they have 30 years useful capacity. In the current ESG environment they are impossible to justify. More crude production will NOT result in much more gasoline and diesel. There are no