Panic time: As oil goes, so does Canada’s economy
- Thread starter mentalfloss
- Start date
So when everybody can afford to fill up the tank with gas there isn't going to be anyplace to go to, that about sum it up? The only time I have seen a price drop hit the oil industry is in the exploration dept and possibly a bit in the R&D sector. Any companies that hit the auction block get bought up and the men and equipment go back to works doing smaller contracts and taking home less money.
At the new prices buy some aviation fuel and bump the timing a bit and you'll be setting new record.
No seriously.
I can't go back a page because this forum is balls on anything but Firefox.
Who was the guy that wrote it?
Makes perfect sense. Blame the main importer for the exporters squabbling and cutting each other's prices. WHat ever happened to OPEC?
Not. Common sense. We just can't have the liberals idea of stealing from the west to prop up dying areas in the vote rich areas of Quebec and Ontario.
Well that is pretty much word for word what mentalfloss has been posting regarding the economy and Canada's energy sector for, oh about the last year and a half at least. Maybe longer.
If the statement is true and based on good sense, it shouldn't matter if it comes from the lips of someone in BC or Ontario.
My thing is the transition to renewables but we know that won't happen without some influence over the oil industry.
The hand that moves industry is legislation and that Economist article made it clear that a shift in regulatory policy to accommodate the environment necessarily influences the oil sector.
It's also the reason why Conservative governments like ours and Australia's - governments that are effectively working for oil companies - promote free trade like it's the greatest thing since sliced bread.
I think people are slowly starting to realize that we need very tight control on business and financial practice, whereas social matters need more liberty without causing significant harm to the environment.
The hand that moves industry is legislation and that Economist article made it clear that a shift in regulatory policy to accommodate the environment necessarily influences the oil sector.
It's also the reason why Conservative governments like ours and Australia's - governments that are effectively working for oil companies - promote free trade like it's the greatest thing since sliced bread.
I think people are slowly starting to realize that we need very tight control on business and financial practice, whereas social matters need more liberty without causing significant harm to the environment.
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You got that backwards again. Nothing like government intervention to kill an industry. Public opinion will shift how industry works far more effectively than unrealistic and/or unenforceable laws.
It will do until people understand that coal is the way to go. Canada has several hundred years of the stuff in the ground just waiting to be bought and used.
Well, yeah, we may as well use up what's readily available first! We just have to figure out how to "tame" the emissions!