Of course they would.
Better to sell something than nothing.
It's just that something isn't worth much anymore (which was the point of the article)
Oil price drop means lost billions for Canada
- Thread starter mentalfloss
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Of course they would.
Better to sell something than nothing.
It's just that something isn't worth much anymore (which was the point of the article)
Oh no! Flossy just said Oil isn't worth much anymore!
Hey... who will the alarmists expect to get their bank transfers from now then?
They are talking dollars, no mention of volume. So is there a decline in exports or not?
Financial Post, that leftist rag.
Canadian banks losing safest lender advantage amid oil market carnage: ‘I’d be looking elsewhere’ | Financial Post
Canadian banks losing safest lender advantage amid oil market carnage: ‘I’d be looking elsewhere’ | Financial Post
Oh no! Flossy just said Oil isn't worth much anymore!
Hey... who will the alarmists expect to get their bank transfers from now then?
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Alberta now facing $500M deficit due to dropping oil prices
Each $1 drop in the average price over the course of a year costs the province $215 million.
They are losing over $100 million everyday.
Next to Alberta, no province is expected to be hammered by the oil slide more than Saskatchewan. While its impact in the province is somewhat offset by the fall in the loonie (which helps other export sectors), it’s still going to present fiscal challenges for Premier Brad Wall. The Premier is already warning public stakeholder groups such as hospitals and universities there won’t be much for them in the next budget.
Impact of plunging crude prices varies across the Western provinces - The Globe and Mail
They are losing over $100 million everyday.
Next to Alberta, no province is expected to be hammered by the oil slide more than Saskatchewan. While its impact in the province is somewhat offset by the fall in the loonie (which helps other export sectors), it’s still going to present fiscal challenges for Premier Brad Wall. The Premier is already warning public stakeholder groups such as hospitals and universities there won’t be much for them in the next budget.
Impact of plunging crude prices varies across the Western provinces - The Globe and Mail
Works for me. Except that it don't make much sense. If energy is cheaper, doesn't that encourage machine labour over human labour? Seems to me that cheap energy would make slavery less attractive, not more.
It does, that means the hits being taked are not of a result of anything Russia is doing, it is collapsing because that is what imperfect things do every now and then. Russia s=pent them selves into a deep hole and had to reset to get out. North America has to do the same and you don't get the top position back.
Slavery returning because the country under sanction is doing just fine, it is the countries that are said to be applying sanctions that is the ones collapsing so you better readjust your thinking about why NATO countries are all in a downward spiral.
Slavery returning because the country under sanction is doing just fine, it is the countries that are said to be applying sanctions that is the ones collapsing so you better readjust your thinking about why NATO countries are all in a downward spiral.
Hey F*** Face.... I'm trying to scare the weak minded alarmists so get you azz back to the other thread a start posting Full Metal Jacket Quotes!
You must have one butt ugly sister if you have to drag people to her. Nice to see you two have found a special place, please enjoy it exclusively for many years to come.
Welcome to the West, wonder when the news gets filtered down to the peons.
http://sputniknews.com/military/20150109/1016702867.html
The IMF is in theory prevented by its own rules from making loans to countries that cannot repay them and that seems to be the situation Ukraine is now in.
This is the third tranche of the original IMF loan that was agreed last spring. There is no word of the $15 billion of extra funding the IMF has reported Ukraine needs to cover the holes in its budget and to avoid sovereign default within the next few months.
Unless there is a definite commitment for this extra money from Ukraine's donors before the end of January, the IMF may decide that it cannot approve payment of the next tranche.
The dismal reality is that even the extra $15 billion the IMF is talking about may be nowhere near enough.
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You need to look at the big picture. If you are under the impression that oil will remain low for long then you are only fooling yourself.
More to the point, the Bloomberg article provided it's analysis on Canada's export opportunities as the majority of oil from Canada is sent to outside the country.
Bloomberg indirectly makes a very strong case that in order for Canada to generate benefits from the oil, they must develop as many export opportunities as possible and that translates into the Feds approving as many pipelines as possible to the East and West Coasts.
.... You lose again, bud