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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (52103)	12/3/2018 7:05:32 AM
From: Goose94	Read Replies (1) of 202700

Surge Energy (SGY-T) Paul Colborne CEO is upset, yet still confident. Mr. Colborne wants Prime Minister Justin Trudeau to plough ahead on Trans Mountain. He says Canada is crazy to sell cheap oil to the United States and then import expensive oil. Mr. Colborne says: "We're just dumb people. We're really a dumb nation right now." He says, "Everyone's hair is on fire." His confidence in oil's long-term future is rock solid. He says Canadians need to embrace oil. Mr. Colborne says: "I'm proud of our vast reserves of oil. I don't want higher taxes. I don't want massive deficits. Oil is not going anywhere. It's the most important commodity in the world. We all need it." There is global oil demand. The world guzzles a record 100 million barrels a day. Each year, production from oil reservoirs around the world declines about 5 per cent. That means to keep production steady, the world needs to find five million barrels a day of new oil every year. The volume is the equivalent of one new Canada of oil each year.

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