Alberta, the rest of Canada feels your pain

[MHz]

Made in Canada/ Not for Export.

Iran claims to be able to produce oil for $1 bbl. Too bad none of it is for export to North America. (that would be the same oil that Iraq and Syria has with Syria being the closest to the EU and the least developed) A far as I know it is pretty close to tractor gas so refinery expenses are low but then they need to import plastics and even gasoline (as taking gas only just leaves a sludge) We are drowning in NG so that should be what we start manufacturing for as far as energy needs. Plug in a fat-boy tank (500lbs) at home (and fill from home) and it wouldn't matter if power and gas transmission lines were down for 6 months. Power is either via engine driven generator or membrane power conversion machines. One cold winter would be all that was needed as far as installing incentive to come up with a variety of efficient methods.
A deep lake could be used to create a greenhouse that could run year round. That is a change that is possible today but why bother when you would be made to utilize existing utilities and methods before 'alternatives were allowed'.

http://www.presstv.ir/Detail/2015/12/14/441662/Iran-oil-production-costs-prices-Karimi

Welcome to the club alberta.

You spelled 'curb' wrong.
It isn't like this is the first time hobos have been the majority in the land. This media attention is just trying to promote a depression as being a 'local event'. Even in a depression Alberta still has more than the have nots. What we are in the market for is some PEI Vodka at $1 barrel. Know what I mean? Farms used to be 1 farmer and one tractor and one set of implements, in the future it could be 1 farmer and 100 guys on their garden tractors doing the machinery work if parts become unavailable for the $500,000 combine. If the big tools still work then the guys with the garden tractors can use then to run to the corner store and grab a barrel of Vodka for the BBQ that week. Neither is a disaster for the ones in the example.

The future doesn't look good for rising Oil prices so I'm still suggesting a Made In Canada price for Made in Canada products that will keep the workers working....


As oil crashes through US$35 a barrel in New York, some producers are already living with the reality of much lower prices.

A mix of Mexican crudes is already valued at less than US$28, an 11-year low, according to data compiled by Bloomberg. Iraq is offering its heaviest variety of oil to buyers in Asia for about US$25. In western Canada, some producers are selling for less than US$22 a barrel.

While the prices of benchmarks West Texas Intermediate and Brent hover in the US$30s, they represent a category of crude — light and low in sulfur — that is more highly valued because it’s easier to refine. Some producers of thicker, blacker and more sulfurous varieties have suffered heavier losses and are already living in the US$20s.

A blend of Mexican crude has plunged 73 per cent in 18 months to US$27.74 on Dec. 11, its lowest level since 2004, according to data compiled by Bloomberg. Venezuela is experiencing similar lows. Western Canada Select, which is heavy and sulfurous, has slumped 75 per cent to US$21.82, the least in seven years. Other varieties including Ecuador’s Oriente, Saudi Arabia’s Arab Heavy and Iraq’s Basrah Heavy were selling below US$30, the data show.

Crudes of this type trade at a discount to lighter varieties because to process them “refiners have to invest in upgrading facilities such as coking plants, which are very expensive,” KBC’s Ul-Haq said.

“Most places in the world, a lot of the producers they don’t really get the Brent price, and they don’t get the WTI price,” Torbjoern Kjus, an analyst at DNB ASA in Oslo, said by phone. “It’s really a dramatic situation that really cannot continue for a very long time for many producers.”

http://business.financialpost.com/news/energy/never-mind-35-canadas-oil-is-selling-for-closer-to-20

I don't suppose there is a chart that breaks down what you actually get out of a barrel of the various blends once they are fully refined.
We don't need fuel for cars and trucks as we have NG. We also have the oil that produces lots of grease so we might be able to export some of that as OPEC oil doesn't contain a lot of grease.

Hemp was the 'Oil' of it's time.

I'm pretty sure we could invent a few more uses for hemp in the 21st century and have it so robots do the majority of the menial tasks so most of the population might want to take up a hobby, like drinking and eating.
How about hemp silk that lasts for 10 years of hard wearing of the hemp car body that springs back into shape after a major crash.

Slave reminds me of the old days when "white folk" used to sit around in bars complaining that the "rag heads" were stealin' all their jobs down at the mill. Never occurred to them that the reason was that the "rag heads" were willing to work while the "white folk" were sitting around in bars drinking beer.

The oil industry is dead and good riddance. Alberta is in pain because they put all their eggs in one basket. Silly move and not very forward thinking.

Lesson: If you want to succeed in Alberta buy a bar. (and stock it with cheap liquor and even cheaper women, new meaning to 'hired hand')

 

[JLM]

You spelled 'curb' wrong.

Yeah, but he spelled "club" correctly. That phenomena happens! I

 

[MHz]

A club would be a move up, we are going to the basement, a place where several Provinces already are. Think they will have any tips on what trends are coming our way when your income goes from $80k/yr to $10k/yr?