nothing reply anything you want

mean while

Iran oil is backing up in the pipes

with nobody to sell it to


in a few weeks it will be $3per barrell

mean while

Iran oil is backing up in the pipes

with nobody to sell it to


in a few weeks it will be $3per barrell Originally Posted by JONBALLS

Remarkable prediction. The markets, OPEC, and every energy economist on the planet will be watching your insightful posts with interest.

Remarkable prediction. The markets, OPEC, and every energy economist on the planet will be watching your insightful posts with interest. Originally Posted by fd-guy

When Canada could not sell its oil and it "backed up in the pipes" (bottlenecked) due to lack of pipeline capacity—reaching a crisis point in late 2018—the country suffered a massive, localized economic shock. The inability to transport oil to US or global markets caused Canadian heavy oil prices to plummet, forcing the government to intervene to prevent a complete collapse of the sector.
Bloomberg.com
Bloomberg.com
+2
Key impacts included:
Historic Price Discount (The "Price Gap"): Because Canadian oil could not move, it built up in storage, leading to a massive discount. The Western Canadian Select (WCS) price fell to roughly $10 per barrel in late 2018, while the US benchmark (WTI) was much higher.
Massive Revenue Losses: The pipeline bottleneck was estimated to cost the Canadian economy approximately C$80 million to C$100 million per day at the height of the crisis. The Fraser Institute estimated that the shortage cost Canada's energy sector $20.6 billion in lost revenue in 2018 alone.

Remarkable prediction. The markets, OPEC, and every energy economist on the planet will be watching your insightful posts with interest. Originally Posted by fd-guy

all from same guy that

recommends not buying

OPTX

ONDS

SIDU

all from same guy that

recommends not buying

OPTX

ONDS

SIDU

Originally Posted by JONBALLS

uh huh. Tell us when the $3 barrels of oil will hit. I just want to mark my calendar.

uh huh. Tell us when the $3 barrels of oil will hit. I just want to mark my calendar. Originally Posted by fd-guy

just do what I do

the opposite of every opinion

you make

just do what I do

the opposite of every opinion

you make Originally Posted by JONBALLS

Huh? The opposite of EVERY opinion? That sounds so clever. You must be very popular among your little circle of people that listen to you.