Oil headed for $10 a barrel?

[JLM]

Why crude oil prices still have a long way to fall: Gary Shilling | Financial Post

Read it and weep!

 

[WLDB]

No matter how cheap it gets it never seems to reflect that in the prices around here.

 

[petros]

He's backpedaling. Lots of that going on these days.

 

[JLM]

No matter how cheap it gets it never seems to reflect that in the prices around here.

It seems the price of crude oil is just one of a multitude of factors in the price of gas at the pump.

 

[petros]

Processing, transport, labour and demand set the bulk of the price. Add in a devalued dollar to appease non-existant ON manufacturing and there ya go.

 

[JLM]

Processing, transport, labour and demand set the bulk of the price. Add in a devalued dollar to appease non-existant ON manufacturing and there ya go.

And a ton of taxes!

 

[petros]

1/2 tonne to a tonne depending on where you live.

 

[JLM]

1/2 tonne to a tonne depending on where you live.

Oh yeah, I guess these taxes have gone metric too.

 

[mentalfloss]

Yes well, we focused on resource extraction so too late now!

 

[petros]

The Libs f-cked up?

Why didn't the NDP stop them?

 

[eh1eh]

Processing, transport, labour and demand set the bulk of the price. Add in a devalued dollar to appease non-existant ON manufacturing and there ya go.

Oh yes. The global economy devalued the Canadian dollar to appease Ontario.
Get a grip. The world does not care about the Canadian dollar.

 

[petros]

Oh yes, lower and lower and lower interest rates are for what? Oilsands, BC dope gardeners, cod fishermen?

 

[eh1eh]

Oh yes, lower and lower and lower interest rates are for what? Oilsands, BC dope gardeners, cod fishermen?

Don't know. Ask the Rothschilds.

Your scope on the matter assumes it is a Canadian controlled thing. I don't think so.

 

[petros]

Ahhhhhhh of course, silly me, the 'ol Bank of Evil conspiracy.

Yup, you are one helluva voter in the know.

 

[Corduroy]

When was the last time oil was that low?

 

[JLM]

When was the last time oil was that low?

Before your time!

 

[mentalfloss]

The Libs f-cked up?

You are too salty.

Please come back when less salt.

When was the last time oil was that low?

Early 2000s.

Funny.

We weren't as susceptible back then.

Isn't that funny?

 

[petros]

You are too immature. Come back when you grow up.

 

[MHz]

Ahhhhhhh of course, silly me, the 'ol Bank of Evil conspiracy.

I would use the money prepare the fields for something other than food crops.

 

[mentalfloss]

You are too immature. Come back when you grow up.

Come back when you can explain why we weren't dependent on oil 10 years ago.