1412 replies to this topic

[Victoria Watcher]

Ok, how do I buy uranium?  Like, stock, not a bucket of it to drive around with...

 

[LJ]

Cameco is a great stock, mine's up 96%. EFR and DML are two other good gainers.

[Victoria Watcher]

Pipeline pile-on: Biden faces heat from Canada, Republicans, Michigan’s governor and the price of propane

 

The president is caught between environmentalists and Indigenous groups on one side and Republicans blaming him for soaring energy prices on the other.

 

https://www.politico...ane-cost-519788

Edited by Victoria Watcher, 08 November 2021 - 10:09 AM.

[Victoria Watcher]

 

This seems like pretty good news.  Rambling along.

 

https://oilprice.com/oil-price-charts/

[Mike K.]

Marathon has successfully reversed its Capline pipeline north to south, allowing Canadian crude to flow to the Gulf, and then on to world markets. Canadian crude prices are on an upwards trajectory now.

[Barrrister]

I wonder how Canada will pay for all its imports if oil stops fueling all the cars in a few years? 

[Victoria Watcher]

I wonder how Canada will pay for all its imports if oil stops fueling all the cars in a few years? 

 

I think only about 25% of our oil is used for gasoline/diesel.  And none of our gas.

 

Oil can't stop "fueling all the cars in a few years" because the fleet will also take at least 20 years to turn.

Edited by Victoria Watcher, 08 January 2022 - 08:23 AM.

[Barrrister]

My point is that our balance of trade is rather precarious at best and as oil decreases it is a real concern for the country moving forward.

[Victoria Watcher]

My point is that our balance of trade is rather precarious at best and as oil decreases it is a real concern for the country moving forward.

 

We expect another 8-10 million immigrants over the next 20 years.   So they will need heating fuel.  And WD40.  Oil for their bike chains.  Plastic for their car interiors.

Edited by Victoria Watcher, 08 January 2022 - 08:30 AM.

[Barrrister]

VicWatcher: Domestic consumption is does not pay for imports. The increased population actually  means we either need to increase exports or shrink imports. If you are feeling poorer than ten years ago it is probably because you are.

[Victoria Watcher]

I don’t think we should ship raw petroleum. Any more than raw logs or raw potash.

We need to value add prior to export. For potash we could raise those little window-sill cactuses for export.

Edited by Victoria Watcher, 08 January 2022 - 10:01 AM.

[Victoria Watcher]

Goldman Sachs is now calling for oil prices to hit $100 a barrel later this year and continue rising in 2023, signaling higher prices at the pump are on the way.

 

In a Monday evening report to clients, the Wall Street bank backed up its bullish call by citing "robust fundamentals" in the oil market, a "surprisingly large" supply deficit and diminishing firepower from OPEC and its allies. Goldman Sachs (GS) also pointed to diminished appetite to invest in oil due to the energy transition.

 

By summer, the bank expects oil inventories in advanced economies will sink to their lowest level since 2000.

 

That's why Goldman now expects Brent crude, the world benchmark, will hit $100 a barrel in the third quarter of this year, up from the bank's prior call for $80. Goldman sees Brent hitting $105 a barrel next year, up from a previous forecast of $85.

 

 

 

https://www.cnn.com/...-01-18T19:55:02

Edited by Victoria Watcher, Yesterday, 01:50 PM.

[Mike K.]

That must be from all of the declining demand due to carbon taxes.