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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: rdkflorida2 who wrote (169741)3/7/2022 11:53:23 AM
From: Sdgla  Read Replies (1) | Respond to of 207075
 
Keystone is a non factor because bai dunn killed it & it’s 42k jobs. With keystone operating we have 830k/day which eliminates oil brought from Russia. Trying to be kind… but how ignorant can u be to say it’s not needed when without the actions of bai dunn putin wouldn’t be able to take Ukraine.



To: rdkflorida2 who wrote (169741)3/7/2022 11:59:07 AM
From: robert b furman  Respond to of 207075
 
Hi RD,

You are correct.

In today's world, we are looking for the safe and reliable way of exporting more crude from NON OPEC + members. Both of which we and Canada are.

When we have more capacity that OPEC, we set the price and do not get taken advantage of over the price of oil.

The price of oil has been the a huge cause of our inflation which went from transitory to long term when oil went up and the supply chain issues became secondary causes of inflation.

Opec's track record is consistent with increasing the cost of energy.

As energy goes up in cost, recessions become the long term corollary of high energy costs.

The US needs to get back in the growth of energy for many reasons:

stable economic growth
wealth creation primarily within our land owners/ government
steady quality of lifestyles
protection from recessionary impacts

Bob