Our crude is inefficient? How is it less efficient than Orinoco Heavy imported into E.Canada?
Panic in Ottawa after one drastic change in Canadian monetary policy
- Thread starter mentalfloss
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Our crude is inefficient? How is it less efficient than Orinoco Heavy imported into E.Canada?
Not only were you wrong, but you are actually taking pointers from petros now.
You might as well believe there are no fossil fuel subsidies while you're at it.
You might as well believe there are no fossil fuel subsidies while you're at it.
Noooo he has the ability to learn and read.
Does it extra super double bubble piss you off that both Harper and Obama pulled this off?
Does it extra super double bubble piss you off that both Harper and Obama pulled this off?
Nothing that he or you said denies the fact that the market is unstable and that delayed the budget.
If you think I'm wrong on that critical point, let me know.
If you think I'm wrong on that critical point, let me know.
Ask Oliver.
In the meantime, my point stands and plummeting oil prices do have a negative impact.
In the meantime, my point stands and plummeting oil prices do have a negative impact.
The economy should have jumped across the board with lower energy prices, apparently that was not enough if more measures are needed to help a certain segment that the lower energy costs didn't help.
Still think this is all about punishing Russia? If so good, that way the shock will look so much better when you finally wake up.
Still think this is all about punishing Russia? If so good, that way the shock will look so much better when you finally wake up.
Oliver knows there is no deadline. It could come at the last day of the fiscal year and nothing changes.
Except he already stated what I stated.
Verbatim.
“Given the current market instability, I will not bring forward our budget earlier than April,” Oliver said in a speech in Calgary on Thursday.
Verbatim.
“Given the current market instability, I will not bring forward our budget earlier than April,” Oliver said in a speech in Calgary on Thursday.
Yes the industry is volatile. We have just won independence from Saudi oil. Think they are happy about it?
Answer: NO
We are still too dependent on oil in our own economy and that's why all the economists are shi*ting bricks over the price drop.
Funny how petros will take the government's word over theirs isn't it?
For many economists, editorialists and political pundits, the government would be smart to inject some stimulus, and to run a deficit for another year or so, to counter the drop in oil revenues and the job losses that will undoubtedly flow from it.
"It make no difference whether Ottawa runs a surplus of a few billion or a similarly-sized deficit," said the Globe and Mail.
"There's nothing magic about zero deficit," former Bank of Canada governor David Dodge told CBC Radio's The House. "We have a very good debt-to-GDP situation… that can actually be held at the current ratio, which is quite good by international standards, while running a deficit."
http://www.cbc.ca/m/news/politics/t...per-s-fixation-on-a-balanced-budget-1.2928453
Funny how petros will take the government's word over theirs isn't it?
For many economists, editorialists and political pundits, the government would be smart to inject some stimulus, and to run a deficit for another year or so, to counter the drop in oil revenues and the job losses that will undoubtedly flow from it.
"It make no difference whether Ottawa runs a surplus of a few billion or a similarly-sized deficit," said the Globe and Mail.
"There's nothing magic about zero deficit," former Bank of Canada governor David Dodge told CBC Radio's The House. "We have a very good debt-to-GDP situation… that can actually be held at the current ratio, which is quite good by international standards, while running a deficit."
http://www.cbc.ca/m/news/politics/t...per-s-fixation-on-a-balanced-budget-1.2928453
Angstrom, what are you going to do with the extra money in your budget? The price of everything is dropping thanks to lower energy. Will your extra spending money help the economy?
I'm going to buy a gold toilet bowl with that money and live like a Saudi Prince.
Long live Steven Harper!
Perhaps you are not getting the fact that we still need to sell to someone and if that price is low, it's not good for tax revenue or jobs?
If we were truly independent then we wouldn't care about pipelines to the US or selling to China.
We have energy independence, now we are trying to supply nations that are not independent. It's called a good idea.
“Canada’s oil-producing provinces – Alberta, Saskatchewan and Newfoundland and Labrador – would face negative hits to incomes and, eventually, spending, while the rest of the provinces (all net oil consumers) would likely enjoy net benefits via a stronger U.S. economy and lower energy costs.”
Now considering that exporting oil is our big thing right now, that's a net detriment to the country as a whole.
But yes, I can see how you can misconstrue being poorer as a good thing.
Makes total sense.
Oil's toll: Folks in Alberta, Saskatchewan, Newfoundland will be poorer - The Globe and Mail
Lower tax revenue is a bad thing.
Yes, now that we have achieved energy independence we need to boost manufacturing. One thing at a time mentalfloss.
Can't put the trailer in front of the truck.
There is nothing independent about losing so much revenue that it would affect the budget.
If we were energy independent we wouldn't need to sell it to other countries.