Josh thinks oil is going much higher in 2025 but I think it feels heavy and wants to move lower. What are your thoughts on oil, tariffs, Trudeau and Trump?
Everyone has been overly bearish on oil, the increase in supply for next year has been overstated, demand will be stronger than expected and so I think this is exactly the setup for a bullish year. I don't have a price target of 100 necessarily but I think you want to be long oil here. I think Trudeau will be ignored more and more as we go through the year and even if Trump wants to drill baby drill, it has to be worth it to drill for the companies.
The Dollar Index, should it drop sustainably in 2025, if indeed its topping out currently, will have major effect on the price of crude, which is mostly quoted in dollars. Patiently watching for breach of those up trend lines.
Thanks for the comment and for taking the time to view our content! On a positive note you aren’t paid in Canadian pesos! The CAD has lost 8% of its value this year alone against the USD. I am effectively paying a 40% premium now when I travel to the US.
Thanks for the comment/question! Believe it or not our top marginal rate is 48% but it doesn’t end there. We are continuously taxed on after tax dollars…food, gas, liquor, smokes, etc etc etc
Most comments here are bearish. 2 yrs ago, it was very bullish. Cdn$ getting ready drop below 70 cents. Good for cdn production cost. Add that Canada is going to have an election. A change in government could be good for the return of foreign investment? And big plus here, Cdn energy companies have attractive RLI. So you best be taking Josh out for lunch to get some investment tips. Good luck all.
I thought this interview was to be on oil & gas, which the guest supposedly has expertise; however, it quickly morphed into a discussion about politics and the guest and host's personal political views. I could care less what their political views are so that's when I turned it off.
Thanks for the comment George. Oil is unlike any other commodity in that it is highly exposed to politics and geopolitics and therefore you can’t discuss oil without discussing politics. The US is the worlds largest oil producer and Canada is the largest foreign exporter of oil to the U.S. and the possibility of a tariff war could have a significant impact on both countries.
Thanks for the comment Pat and for taking the time to view our content! It feels like it wants to go there and if the US increases prod by 3 mill bbls a day it will.
Josh thinks oil is going much higher in 2025 but I think it feels heavy and wants to move lower. What are your thoughts on oil, tariffs, Trudeau and Trump?
Truduh is an idiot that will be voted out!!!!! I can tell you with 100% certainty that next year oil will either go up or down.
Everyone has been overly bearish on oil, the increase in supply for next year has been overstated, demand will be stronger than expected and so I think this is exactly the setup for a bullish year. I don't have a price target of 100 necessarily but I think you want to be long oil here. I think Trudeau will be ignored more and more as we go through the year and even if Trump wants to drill baby drill, it has to be worth it to drill for the companies.
@@joeblow4888 That's what I thought in 2021 but the people of ON and QC keep voting this guy back in.
@@BloorStreetCapital😂
The Dollar Index, should it drop sustainably in 2025, if indeed its topping out currently, will have major effect on the price of crude, which is mostly quoted in dollars. Patiently watching for breach of those up trend lines.
Hope you get this guest on regularly in the future. Thank you Josh: agree with you fully.
Thanks for the comment and for taking the time to view our content!
If you chart oil prices since the 1980's adjusting for inflation, oil prices are appallingly low, just a real bargain.
Thanks for the comment and for taking the time to view our content! Thanks for bringing that up. I should actually get a chart on that.
And it looks like if we break below 60$ we’re going to 40$/bbl. What happens @ 40$ layoffs and bankruptcies.
Great interview Jimmy. Always like hearing Josh’s views on the oil market. TY 🙏🏻
Thanks for the comment Nick and for taking the time to view our content! ✌
Excellent interview. Most informative.
Thanks for the comment Kurt and for taking the time to view our content!
Thank you for the interview.
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Great interview Jimmy
Thanks for the comment Peter and for taking the time to view our content.
I live in Washington state and our taxes like OR and CA are crazy like Canada’s…. Great discussion!
Thanks for the comment and for taking the time to view our content! On a positive note you aren’t paid in Canadian pesos! The CAD has lost 8% of its value this year alone against the USD. I am effectively paying a 40% premium now when I travel to the US.
It's a complicated subject and nobody can predict . But work and fight for lower oil prices for the benifit of most .
Thanks for the comment! Josh mentioned what the price of gas was in Houston and I was shocked how low it was compared to Canada.
Are we basiclly half way thru all the back oil that was ever laid down?
Yeah
Yep, Gold, oil and I have a oil mining rights fund I'm invested in that is earning passive cash income of 12-14%
Nothing better then gold in the hand!
We need more cleaner sustainable sources of energy and there is no better source of electricity then nuclear.
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too right!
US will have a lot more oil and gas when Canada becomes the 51st state 🤣😂😁
Thanks for the comment and for taking the time to view our content! Always good to have a sense of humor!
$100 oil is the dumbest idea I heard all day
Thanks for the comment Jen! I think if it wasn't for the hostilities in the ME oil would be at $50 or $60.
@@BloorStreetCapitalTrump will ask Saudis to pump more!!! Oil is heading way lower!
Is canada's top marginal tax rate 33% on $250k +. This is a relatively low rate what we see in Australia at 48.5% inclusive medicare on $190k+
Thanks for the comment/question! Believe it or not our top marginal rate is 48% but it doesn’t end there. We are continuously taxed on after tax dollars…food, gas, liquor, smokes, etc etc etc
Most comments here are bearish. 2 yrs ago, it was very bullish. Cdn$ getting ready drop below 70 cents. Good for cdn production cost. Add that Canada is going to have an election. A change in government could be good for the return of foreign investment? And big plus here, Cdn energy companies have attractive RLI. So you best be taking Josh out for lunch to get some investment tips. Good luck all.
@@robertdixon2393 Thanks for the comments Robert and for taking the time to view our content! I am looking forward to 2025!
😂
Our daily life run by oil
If oil prices up ? Rest will goes up
100% and thank god it’s hanging around $70 cause of it goes to $100 we got problems but don’t think Trump will allow that.
I say oil is going lower. China is the biggest player, and their economy is slow. And others too.
Thanks for the comment and for taking the time to view our content! Time will tell.
All Canadian oil patch workers will be on EI by May 2025
I thought this interview was to be on oil & gas, which the guest supposedly has expertise; however, it quickly morphed into a discussion about politics and the guest and host's personal political views. I could care less what their political views are so that's when I turned it off.
Thanks for the comment George. Oil is unlike any other commodity in that it is highly exposed to politics and geopolitics and therefore you can’t discuss oil without discussing politics. The US is the worlds largest oil producer and Canada is the largest foreign exporter of oil to the U.S. and the possibility of a tariff war could have a significant impact on both countries.
Trump promised 50-70 % cheaper energy costs. Puts the price going forward at 40.00 to 50.00 dollars per barrel.
Thanks for the comment Pat and for taking the time to view our content! It feels like it wants to go there and if the US increases prod by 3 mill bbls a day it will.
listen to oil it tells you everything you need to know and its going much lower on global slow down
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A change in government here in Canada should have a positive effect on the energy sector.
i do like the oil play right now
Josh, the paper boy. Slightest negative feedback and you are blocked. Echo chamber much
Thanks for the comment Arthur! Providing everyone is respectful we don’t block or delete comments.
Long Pantheon Resources!!!!