The Oil Math And Why The Broader Market Is Crazy To Ignore It - BOCVIP

A lot of people here seem confused or irritated as to why the oil market isn’t trading higher, specifically WTI, considering this is arguably THE biggest oil

BOCVIP
We Are the Envy of Our Ancestors

They would have traded places with us if they could

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DAILY MEGATHREAD May 06, 2026 : US Blockade of the Strait of Hormuz is LIVE – All tanker drama, oil panic, missile hits, Iran retaliation posts belong HERE https://www.bocvip.com/1335080/daily-megathread-may-06-2026-us-blockade-of-the-strait-of-hormuz-is-live-all-tanker-drama-oil-panic-missile-hits-iran-retaliation-posts-belong-here/ #gas #oil #OilAndGas
DAILY MEGATHREAD May 06, 2026 : US Blockade of the Strait of Hormuz is LIVE – All tanker drama, oil panic, missile hits, Iran retaliation posts belong HERE - BOCVIP

This is posted daily at 9 am AUET

BOCVIP
Suncor on track to become one of North America’s lowest-cost oil producers: analyst https://www.bocvip.com/1334985/suncor-on-track-to-become-one-of-north-americas-lowest-cost-oil-producers-analyst/ #gas #oil #OilAndGas
Trump insists higher oil prices ‘worth it’ as Strait of Hormuz blockade continues https://www.bocvip.com/1334896/trump-insists-higher-oil-prices-worth-it-as-strait-of-hormuz-blockade-continues/ #gas #oil #OilAndGas

For #Indigenous communities in ‘#Alberta,’ the #OilIndustry has left an ugly stain

Facing #OilSpills, evacuations and #illness — nations downstream of the #OilSands grieve their way of life, as the #corporations polluting their water get richer

By Brandi Morin, December 7, 2023

Excerpt: "The rush of the wind and sprays of water add to the thrill as Jason Castor guides his riverboat through a stretch of #LakeAthabasca near #FortChipewyan, in #Treaty8 territories. If he slows down, his boat could get stuck in the mud or even flip over because the water levels in this spot are remarkably low. He steers around buoys, dodges logs and other debris while accelerating to the mouth of the channel, which he knows should be deep enough to navigate at an average speed.

"While trawling his boat further down the river, Castor points to odd-looking clusters resembling dirty foam floating by.

" 'There’s just a slurry of a foam that looks like #oil or some kind of #chemical in there,' says Castor, a 42-year-old father, construction business owner and member of the #AthabascaChipewyan #FirstNation (#ACFN).

"He’s been a traditional hunter, trapper and fisherman for nearly 20 years and has documented strange changes in the water, the land and animals.

"Something’s going on in the river, he says.

" 'They say that it’s natural, well, I know that that’s not natural because I’ve been on the river my whole life,' he explains as he points to brown and #WhiteFoam, #OilSheens and other discoloured formations floating on the river.

"Nowadays, it’s risky to navigate these waterways because of industrial intakes like the #WACBennettDam to the west in B.C.; the #AlbertaOilSands just up the river and impacts from #ClimateChange.

"The #PeaceAthabascaDelta is the second-largest #freshwater delta in the world.

"The #AthabascaRiver, and the larger delta, also sit atop the world’s largest known reservoir of #CrudeBitumen.

"The industry that has sprung up around it drives Alberta’s and Canada’s economy, employing about 138,000 people. In 2021, crude bitumen production totaled approximately 3.3 million barrels per day. The oil sands energy sector including oil sands, conventional #OilAndGas, mining and quarrying is valued at about $18 billion.

"But while Canada prospers off the oil sands industry, #Indigenous communities downstream are dealing with its #toxic impacts.

"Not only are the water levels fluctuating, but the health of the water flowing through the Athabasca River is jeopardized."

Read more:
https://indiginews.com/features/for-indigenous-communities-in-alberta-the-oil-industry-has-left-an-ugly-stain/

#CanPol #CanadaPol #Alberta #TarSands #BigOilAndGas #OilSands #WaterIsLife #Pollution #Environment #Oiligarchy

For Indigenous communities in 'Alberta,' the oil industry has left an ugly stain

Facing oil spills, evacuations and illness — nations downstream of the oil sands grieve their way of life, as the corporations polluting their water get richer

Indiginews
US fuel exports hit record in boon for oil companies and threat to Trump [Free to read] https://www.bocvip.com/1334849/us-fuel-exports-hit-record-in-boon-for-oil-companies-and-threat-to-trump-free-to-read/ #gas #oil #OilAndGas

Seems like #Oiligarchy has won the hearts of #Albertan #MAGA-types. If anything, there should be #LandBack to #Alberta's #FirstNations, and colonizer descendants will just have to deal with it!!!

Albertans Could Soon Vote on Whether to Separate From Canada. Here’s What to Know

by Chantelle Lee, May 5, 2026

"Many Albertans have slammed the federal Liberal government for blocking #pipeline projects and canceling oil and gas projects. The province’s economy is largely driven by its #OilAndGas extraction, as well as #mining and #quarrying."

Read more:
https://time.com/article/2026/05/05/alberta-canada-separatist-movement-referendum/

Archived version:
https://archive.ph/KxxFz

#Colonialism #CorporateColonialism #CanPol #CanadaPol #NoMining #ExtractiveIndustries #BigOilAndGas #FuckColonialism

Albertans Could Soon Vote on Whether to Separate From Canada. Here’s What to Know

The Alberta separatist movement dates back decades, but has gained momentum in the past year.

Time