Why the panic over oil?

petros

petros

The Central Scrutinizer
Nov 21, 2008
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Low Earth Orbit
Oil is 3% of our GDP. On a scale of "household income" it equates to what the kids earn babysitting Friday and Saturday.

Panic and pathetic "we are all going to die" BS strewn about over the recent oil price is like saying you will lose the house because the kids now only babysit on just Fridays.

Social engineering at its finest?
 
CDNBear

CDNBear

Custom Troll
Sep 24, 2006
43,839
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Ontario
Can they fit their ladders under their coffee tables in the basement?

We need someone with a pedigree.
 
damngrumpy

damngrumpy

Executive Branch Member
Mar 16, 2005
9,949
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kelowna bc
The problem is money and the money no one has. People bought mutual
funds and they don't raise any money these days. People have bought the
toys they can't pay for because they are over extended. Put that with the
spin off jobs that come from the oil industry and the cycle of doom begins.
It is not about security its about the attitude of feeling financially safe.
Oh I| know there is no such thing but there is a perception and right now
the world is waiting for the other shoe to drop.
We are facing a huge correction brought about from a lack of discipline and
people know it. America, China who depend on buying and selling are in a
bit of trouble but the uncertainty of the Middle East an uncertainty brought
about by the actions of leaders going back to Reagan and the chickens can
you hear them as they are coming home to roost
 
petros

petros

The Central Scrutinizer
Nov 21, 2008
109,303
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Low Earth Orbit
If they take the cable and phone and cut it off they will instantly have $400 a month in their pocket and plenty of free time to be parents, upgrade education, buy a Canadian car, go to Cancun for 6 weeks and oh so much more.

If you do that and quit smoking and drinking add on another $6,000

Quit eating out $5000

And so forth

Hi Fagro
 
JLM

JLM

Hall of Fame Member
Nov 27, 2008
75,301
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Vernon, B.C.
One of the biggest problems we have is money is worth very little and every time someone gets a raise and prices and rents etc. get jacked up it is worth even less.
P.S. My cable, phone and I/N cost me $200 a month & I feel it's a rip off.
 
C

Curious Cdn

Hall of Fame Member
Feb 22, 2015
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petros said:
Oil is 3% of our GDP. On a scale of "household income" it equates to what the kids earn babysitting Friday and Saturday.

Panic and pathetic "we are all going to die" BS strewn about over the recent oil price is like saying you will lose the house because the kids now only babysit on just Fridays.

Social engineering at its finest?
Click to expand...

The panic is that a big chunk of my countrymen (and some family, too) who work a oil extraction face unemployment and ruin.
 
C

Curious Cdn

Hall of Fame Member
Feb 22, 2015
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petros said:
Good thing the other 97% of the economy is steaming forward on calm waters?
Click to expand...

Well, I'm part of that supposed dead, non-existent manufacturing sector and I'm still busy. The lower dollar is a godsend. Just don't buy from the Americans. Sell stuff to them, instead.
 
WLDB

WLDB

Senate Member
Jun 24, 2011
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Ottawa
JLM said:
P.S. My cable, phone and I/N cost me $200 a month & I feel it's a rip off.
Click to expand...


I only have the internet. $35. No cable or landline phone. My cell is pay as you go. I put at most $15 on per month.
 
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