Largest oil drop in history underway, analysts say
- Thread starter B00Mer
- Start date
That would be great if oil was $160 a barrel. See what happens when it isn't and may never be again. Canada is a one trick pony.
I remember the first time I saw gas at over a buck a gallon, it was in Chetwynd in 1977 at $1.016. The pumps weren't able to handle anything over a buck at that time, so we had to double the price of $0.508 showing in the pump.
Your thinking of royalties, which are next to nothing in Sask. and Alta. The majority of the money raised is through employment, personal income, property taxes, permits, licensing, etc. the spin off businesses and workers account for almost the same in tax revenue.
WHich is over a$1 a gallon. I know math and reality are difficult for you. Maybe if you stuck to things that happened after you were born would help.
We went metric in 1971 when gas was 11 cents a liters or about 50 cents a gallon.
Not to worry hemerHOID!
Just THINK HOW MUCH ROOM THERE NOW IS for LIE-berals to hit us with HUGE new carbon tax CAMS!
Oil is still feasible @ $20/barrel, just no exploration being invested into at that price.
Correct... Good thing that the big oil companies (especially oilsand companies) have lots and lots of hedged contracts in place at a price that is many times higher than today's spot price.
PS - here's a hint, today's price is what the traders are willing to pay IF a seller wants to pay it
the CEO of Teck during the Frontier Mine application mentioned that Frontier needed to see $75 a bbl WTI in order to make that project feasible
13:59 pm CST 27/03/2020
WTI Crude
21.59 -4.47%
What a great book!
Still remember it from my teen years and its all come true.
I still got the Stanley Clark album too.