Crude oil skyrocketing

[errolanderson]

Should a person be filling up their Diesal tanks?? We are about a third full and will usually fill up during the winter months. Right now I’m leaning towards filling then I know I have it.

Diesel prices peaked about 6 weeks ago, as did crude oil (IMO). Natural gas peaked about 10 weeks ago.

Not sure what a supercycle is, but this isn’t.

[jazz]

Sorry if this is hard to read. JPM predicating $150BBL oil by 2023. Now calling it supercycle.

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Why do people vote against their own self interest. Good job maritimes.

[ATTACH]9135[/ATTACH]

well, they voted for numbnuts, twice!

Predictions are hard. Especially about the future.
So oil demand is back over 100 million bpd. With global flights in 2021 still at half their 2019 level.
People still working from home, conferencing from home, big public events still scaled back or cancelled, 2 more years of growth in the EV and alternative energy markets, 2 more years of divestment in fossil fuels, and pledges by politicians, etc.
What will demand be when we get back to normal?

what is this "normal" you speak of ?
not gonna happen

[jazz]

Why do people vote against their own self interest. Good job maritimes.

[jazz]

Oh man the oil supercycle is going to be glorious. $500 a bbl.

These politicians must have millions invested in oil and gas. How else can you explain this.

[AlbertaFarmer5]

This is an interesting read. Alberta's true oil reserves (Original Oil In Place) are more than 2 Trillion bbls almost half of it technically recoverable.

There is another oil bearing formation under the current one they are working on. Amazing wealth there.

https://macdonaldlaurier.ca/files/pdf/PRIARO%C3%94%C3%87%C3%B6inside%20policy.pdf

That sounds like an impressive amount of oil.

At the current demand of 100 million barrels per day, the recoverable portion is less than 8 years of worldwide usage.

[jazz]

This is an interesting read. Alberta's true oil reserves (Original Oil In Place) are more than 2 Trillion bbls almost half of it technically recoverable.

There is another oil bearing formation under the current one they are working on. Amazing wealth there.

https://macdonaldlaurier.ca/files/pdf/PRIARO%C3%94%C3%87%C3%B6inside%20policy.pdf

Is there anyway we can find out how much fuel trudo burnt on his trip to Tofino??

a lot less than the flock of jets used that he took to scotland

[Ooofty]

The average 747 jet holds about 50,000 gallons of jet fuel, basically diesel. That they burn per day. That is enough fuel to produce how much food? And farmers are made out to look like we are evil polluters.

Is there anyway we can find out how much fuel trudo burnt on his trip to Tofino??