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ForReal

03/11/22 9:11 PM

#405355 RE: B402 #405340

Politics is making out that without the pipeline, no oil is coming...


I guess I see it differently than you. Of course the oil is coming. The question is from who. Iran, Venzuela or Canada?

Iran is currently struggling to increase output. Venezuela will need some time to restart production and Canada will need to finish Keystone (they promise early 2023). Do we wait for the 2 despots to get up and running and give them the money (Iran and/or Venezuela)? Or do we let Canada finish the pipeline and give the money to a neighbor ally?

I prefer the money go to Canada. Just my opinion.
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Zorax

03/11/22 10:56 PM

#405375 RE: B402 #405340

Of misinformation for profit use. Recently big oil, exxon, BP, others all claim it would cost too much to bring closed down rigs online and cry they need to find new oil, when they have a huge percentage of oil sitting under closed rigs. So they cry to the US government they don't have enough money to do this and that, and then in the same week tells their shareholders at the quarterly meeting they have made record profits in the last two years and 22 looks like another record breaker.

It's like the execs believe they're in a vacuum or separate from their workers and end users. This data is found on wsj or almost any financial journal that prints shareholder minutes, which they do for most meetings. It's in proxies they send out for officer elections and such.

A friends son works for oil in the alaskan ledge and he shows his dad the letters, which he gets all the time.

At some point the recent ridiculous speculated price will level out and slowly go down as they leak bit by bit more production.

Corporations can't lie (well, yes they do all the time) to the general end user public while un-corking the champagne in the shareholders meetings without some information getting out. It's out there but people have to find it.