I doubt it. When the war ends, do we just forgive the Russians, and start buying their oil and gas, as if nothing happened? I don't think so.The key is knowing when the war will end. It can easily slip to $55 if war ends.
That's great to know.Irrespective of how the Ukraine war ends Russia's oil production
is going to drop big time as a result of the withdrawal of foreign
oil investments. Without access to western oil drilling technology
the damage inflicted on Russian oil industry will be irreversible.
Looking to the bright side collapse of Russian oil should come
as a blessing in disguise to investors betting on oil prices staying
elevated as well as climate change sheeple longing for emission
reduction.
CRESCENT POINT ENERGY | 1 | US$5,092.20 | -135.30 | -2.59% | -1,644.90 | -24.42% |
Baytex Energy | 1 | US$4,056.49 | -123.94 | -2.96% | -676.02 | -14.29% |
ATHABASCA OIL | 1 | US$1,017.88 | -30.05 | -2.87% | -255.39 | -20.06% |
I feel that the big issue is supply, demand will fluctuate, but supply cannot. Yes, the Russian problem and the release of strategic oil reserves have an effect, but there has been a war on oil, and that has caused companies to invest MUCH less in exploration and development of oil capacity, and that cant change fast.Oil fundamentals are strong but the price is quoted in US dollars which is getting stronger, so from a pricing POV, I feel like a sudden drop can come any time, despite strong fundamentals (decent demand, tight supply).
Just a trade I'm thinking out loud. Don't know if XOM is worth shorting I just the see chart and it's very enticing. UP 77% ytd
Yeah, they really crashed back when the Saudis decided they wanted to put the frackers out of business by flooding the market.That's great to know.
CRESCENT POINT ENERGY 1 US$5,092.20 -135.30 -2.59% -1,644.90 -24.42%
Baytex Energy1 US$4,056.49 -123.94 -2.96% -676.02 -14.29%
ATHABASCA OIL1 US$1,017.88 -30.05 -2.87% -255.39 -20.06%
It's happening! Winter is here!No. As Winter approaches, and China re-opens, we'll need more.
You mean has Exxon peaked. You're not talking about energy in general.Xom close to all time high. Is shorting now the right time?
Folly, lol. Ok, guess we shouldn't even try to do anything at all then rightIf energy prices are indeed peaking mining business one
of the most energy intensive industrial sector is where big
money will be made thanks to the folly of the EV revolution.
Most new power plants are LNG which while obviously not carbon neutral only produces 50% of the CO2 emissions of coal power plants. A 50% reduction is still pretty fucking significant if you ask me. Nevermind the huge reductions in mercury and other toxic emissions that LNG only produces a fraction of vs coal.There is magic in the air. We can all convert everything to electricity and the electricity will magically appear and it will be cheap enough.
Reality. Electricity = more coal, and other fossil fuels. Solar, wind, are a very small blip in total electricity production, and are not at all good for basic electrical needs. So go ahead and buy your coal fired Tesla, or other electric/coal powered vehicle and see how it solves the carbon emission problem.