Rafi Tahmazian, director and senior portfolio manager at Canoe Financial, joins BNN Bloomberg to share his outlook for the energy market. Tahmazian notes oil demand is violently out of control; adding oil could be recession-proof. He advises investors to buy any dip in the energy sector they find as he expects prices to continue rising.
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35 Comments
it is a disease, hope we get well soon
The only disease is the people that keep it for themselves and want to cause poverty and famine because of a great reset agenda
Imagine being so out of touch about the "green revolution" that your delusions lead you to call oil demand a disease. Lol it's a commodity like any other, it's been here for 100 years, pull your head out of the dark place it's in. THE PRICES ARE HIGH BECAUSE THE GOVERNMENT ISN'T PERMITTING ANY NEW PRODUCTION. FULL STOP.
The planet need to stop moving for at least 1 month to reduced price whitout a surplus price will keep going up unless this is a tactic to removed car on the road and for the Gvt to bring back cash 💸 in their pocket after all the free money ….
People can take stock dividends to pay for fuel like congress.
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Finish key stone build more pipelines and drilll baby drillll!
Increased pipeline capacity in Canada would be a good thing right now.
How do you like the sanctions now
Gran Tierra energy GTE on the TSX a low cost oil producer.
You all need to talk about Ecosia they are a search engine that plants tress.
He's right. The only way out of this mess is a recession. This crazed oil inflation is not good for anyone long term. Clench for a rough year or two ahead
“Demand is a disease”. 😄😄 Modern civilization runs on fossil fuels. Period.
More trains, less trucks and cars.
Rafi is the guy to take advice from.
Population decline = Demand decline
First: Putin has started the war, so that is to criticize! Anyhow: The EU tried to sanction Putin. Only after that he pulled the trigger on oil. Now the EU is in deep shit. Just the facts.
Think of it this way. At current consumption rates, we are burning through the remaining carbon budget at approx 1% per month. That is, to have a 50% chance of limiting average warming to the globally agreed safe level of 1.5c we have a few years left. And even that is no guarantee as some disturbing trends are being observed.
What is he talking about? If theres more demand…increase production! Oil is like water. It is a need for every business and to get to work! There is no reduction in demand unless there is a green energy option on a massive scale.
Nonsense
We must thank Trudeau and Biden for this mess. Sincerely, a moderate
Solution is an other proxy war by 🇺🇸.
This artificial inflation is created by Biden's admin closing and dismantling Texas and Oklahoma oil feilds, threatening huge fines, incarceration, and possibly executions if brought back online by the, now classified as terrorists, oil companies. Using armed guards, they also shut down the XL pipeline, and sealed the Canadian pipeline at the border, creating skyrocketing fuel prices, forcing higher delivery costs, increasing retail products prices, especially food. Eventually, the shortage of fuel could cause trucking and distribution problems, increasing food shortages, creating panic, rioting, and possibly unnecessary deaths.
To reverse this economic catastrophe, just reverse the procedure they followed to create it. No need to drill, just bring the pumps back online, and complete the pipelines.
PUMP THAT OIL!!!
Russia supplies 3%, of our oil and can't really create a problem.
All this to force EVs on the public without upgrading the grid which currently has rolling blackouts with regular usage. Millions of EVs charging on top of regular usage should send us back to the Stone Age when the grid fails.
It's rumored Dems are heavily invested in EVs.
I wonder what happened to the trillions for infrastructure?
These elected officials commiting unethical, traitorous acts should immediately be removed from office and replaced with true Americans that won't take advantage of the public and America, but protect them.
WAKE UP PEOPLE!!!
When Obama was in office he shut down about 8, refineries supplying the east coast because the west coast was complaining that their prices were higher. This was expected since Obama said in a pre-election speech at a Michigan college that he saw 'nothing wrong with $7, per gallon fuel'. How anyone could get elected with that point of view is beyond me.
It takes a lot of time and money, and crude availability, to bring them back online.
We must all suffer higher prices for our use of fossil fuels. Better a great number of people suffer now in order for the rest of us enlightened few survive.
Engines can be run on water. So why all the struggle?
The foreseeable future don’t look good folks .. peak oil . Peak demand. .. it a good recipe for all those bubbles to start bursting.
Canadian and US oil operators best place to invest. Cash machines and least likely to be hit with withhold taxes.
finish the Keystone Pipeline….. that would be a "start"…..
food is a weapon, too
The brutal financial response to the 'pandemic' created massive damage to economies around the world. The big surprise is the almost universal reaction, as in: WTF? The detachment from reality has been complete …. such is the dividend of virtue signalling.
what he fail to mention was all the money spent on oil sands when oil crashed. Canada had the biggest infrastructure in the world for oil sands and what happened? oil crashed. the same thing happened in 2014 in the USA for fracking wells. don't you hate when you build a whole rig paid for and then lose money on it. this is what the Russians and Saudis do and they do it very well.
Time to short the oil stocks.
Thank you Democrats you have ruined America.i am also a Democrat but this Chicano will vote Republican..
First time in 3 Generations….
More like dependent.