Oil Price MEGA THREAD - Yeah baby it's MEGA

[ThePenIsMightier]

Iraq, Libya and Nigeria are the homes of responsible resource development and champions of environmental stewardship.
-Hair Justin

[mr2mike]

Their homes are built from renewable aerial weapons all stuck together.

[JohnnyHockey13]

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Iraq, Libya and Nigeria are the homes of responsible resource development and champions of environmental stewardship.
-Hair Justin

You're bald IRL aren't you?... anyways thought it was weird to trash the guy for this one thing when there are so many other reasons, same thing with the socks.

[ThePenIsMightier]

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You're bald IRL aren't you?... anyways thought it was weird to trash the guy for this one thing when there are so many other reasons, same thing with the socks.

I don't know who bald IRL is, so I guess I'm not him..?..

I alternate between calling him Heir/Hair/Herr Justin and have been since the Conservative ads Harper did against him.
"He's just not ready. Nice hair, though."

[ExtraSlow]

Eric Nutall says

https://financialpost.com/commoditie...e-eric-nuttall

[suntan]

Eric Nutter amirite?

[nzwasp]

Glad I bought into his fund earlier in the year, prob the only green thing across my portfolios.

If this does come true Im not looking forward to the $4 per Litre gas we would be paying but I guess its acceptable if the govt debt gets wiped out.

[ExtraSlow]

I'd take $10/L gasoline for the associated benefits.

[ExtraSlow]

https://financialpost.com/commoditie...-coming-months

Shit is going to get very real when the world figures out that OPEC has nearly no ability to increase production.

$200 oil by Stampede 2023 bay-bee.

[killramos]

You can hedge WTI north of 100CAD out to the end of 2024+ right now.

That’s a very comfortable place for companies to consider long term planning on big projects.

Even if you don’t hedge as a matter of principe the forward curve printing in places that are solid for projects make even very large pills easier to swallow.

[vengie]

I'm excited.
Are you guys excited?

[killramos]

As a rule I don’t get excited.

Takes the edge off for sure though.

Great trickle down effects to Calgary economy too, if it holds in.

[suntan]

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https://financialpost.com/commoditie...-coming-months

Shit is going to get very real when the world figures out that OPEC has nearly no ability to increase production.

$200 oil by Stampede 2023 bay-bee.

There's a wheel in the picture.

Left-loosy right?

[vengie]

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As a rule I don’t get excited.

Takes the edge off for sure though.

Great trickle down effects to Calgary economy too, if it holds in.

Need to pay for $87bn in climate initiatives somehow!

[killramos]

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Need to pay for $87bn in climate initiatives somehow!

Yea. There won’t be that much trickle down.

Someone needs to say no to Jyoti on this one

[vengie]

Poor attitude comrade.
We must donate all of our earnings to ensure this EMERGENCY is mitigated.

[Darkane]

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Poor attitude comrade.
We must donate all of our earnings to ensure this EMERGENCY is mitigated.

Meanwhile in China:

https://www.newscientist.com/article...er-plants/amp/

“It’s a mixed story. Everywhere outside of China, plans for new coal-fired power plants have been scaled back dramatically,” says one of the report’s authors, Lauri Myllyvirta at the Centre for Research on Energy and Clean Air. “However, Chinese firms have continued to announce new coal-fired power stations and there is very clear government backing for that. That’s a worrying sign.”

[mr2mike]

China's hipsters like the retro energy product. It's organic and vintage.


ExtraSlow has forgotten about this kind of talk back in 2014

[schurchill39]

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I'm excited.
Are you guys excited?

Just in time for me to make my return! Double meat subs on Extra slow!

[vengie]

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Just in time for me to make my return! Double meat subs on Extra slow!

In.
It's always better when someone else buys.