Financial Post: Alberta to bleed 31,800 jobs by end of year in oil price carnage

darkbeaver

the universe is electric
Jan 26, 2006
41,035
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RR1 Distopia 666 Discordia
The farther oil prices fall the cheaper it will be to build Northern Gateway and Energy East.

I got to ask you for some details slave? Oil closed below 43 dollahs today and the frackin bizz is fracked, you is dreamin

You are not an investment councilor are you?
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
63
RR1 Distopia 666 Discordia
Tight oil is done? Where will 4 million bbls come from now?

Once the reserves are backed up full, who will care? There's a little slow down in demand. Of course a nice wretchedly cold winter helped quite a bit I'd guess but you just can't count on the climate. I suppose revving up a bloody good war will sell some but who knows. No I do not own any rigs, it is a good time to buy a few though, but scrap prices are also depressed.
Something about economic downturn rings a bell.