Cheap Gas

Walter

Hall of Fame Member
Jan 28, 2007
34,892
129
63
Falling oil prices are a Godsend to our consumer driven economy. Less money to pay for gas means more money to pay for Christmas goodies. Thank-you Mr. Harper for keeping our economy relatively free market driven.
 

55Mercury

rigid member
May 31, 2007
4,390
1,065
113
well, here's one oil spill we probably won't hear about in the msm... how long before they let us know?
 

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Kreskin

Doctor of Thinkology
Feb 23, 2006
21,155
149
63
The 10x10x10 thing is good, as is the clear relationship between distance, volume, and weight (based on water), but the base measurements are not. The base measurement of any system should be common and easily perceptible to the unaided senses (which is why water is a good tie-in between volume and weight). The gram is too light. Fair chance that if you closed your eyes and somebody put a one-gram weight in one of your hands, you couldn't tell which. The pound is a better weight standard. Not too heavy to lift, but easily perceptible. Same with the meter. It's too long. Something between 10 and 30 cm should be the base measure. Again, common and easily perceptible. And Napoleon shoulda held out for metric time, too. What use is it to have a nice, regular, 10x10x10 system, then a screwball 60x60x24x7x12(ish) time system?
Celsius is O degrees freezing 100 degrees boiling. More perceptible than 32 degrees freezing and 212 degrees boiling.
 

Nuggler

kind and gentle
Feb 27, 2006
11,596
141
63
Backwater, Ontario.
If they were retroing, shouldn't the price have been per gallon?

No...........But I remember when gas WAS .39 a gallon.

Still do measurements in ft. yds. in., miles........Luddite that I are.

Guess when they completely change the tape measures I'll switch.

Find it amusing when Americans are figuring scale length of instruments in 1/100 ths of inches............Jesus I'd be blinder than I am now.

Fahrenheit or Celsius?


:lol::lol::lol:.........goodwan, Bones.
 

Dixie Cup

Senate Member
Sep 16, 2006
6,380
4,047
113
Edmonton
Are you sure? The reason I ask is that down here, that would be called a "deduction." A deduction is taken off your gross income to produce your taxable income. A "credit" comes off your actual tax bill.

Example: Income (or for corporations, profit) - $200,000

Deductions - $50,000 Would include Capital Cost Allowance, and any other business expenses.

Taxable income - $150,000



This is where any "credits" would be applied to lower taxable income and is usually 15% depending on what's being claimed. The tax credit is not taken at full value.

Tax on taxable income - 30% - $45,000

Tax credit - $15,000 In Canada this would be "taxes paid"

Taxes owed - $30,000 Balance owing

Not saying you're wrong, we could use different terms. Just checking. In Canada, are "credits" taken off gross revenues, profits, or the actual tax bill?



I think this is the best way to describe how our system works. While I'm not fully knowledgeable on Corporate taxes, I believe it's close. Others out there will correct me if I've got it wrong :)




JMO
 

Walter

Hall of Fame Member
Jan 28, 2007
34,892
129
63
Tanked for 78.6 yesterday. Down 20 cents since this thread started 6 weeks ago. Way to go Stevie.
 

eh1eh

Blah Blah Blah
Aug 31, 2006
10,749
103
48
Under a Lone Palm
Tanked for 78.6 yesterday. Down 20 cents since this thread started 6 weeks ago. Way to go Stevie.

Don't be silly. It's not in Harpo's power to do that.
It was Obama. Thanks Barry.

In reality it was neither of them. The world is a big bad place.
 

tay

Hall of Fame Member
May 20, 2012
11,548
1
36
I guess it's just a coincidence that the Oil price has dropped since ISIS started selling Oil at $25.00 a barrel last July......












First al-Omar and now al-Tanak: The extremist group Islamic State of Iraq and Syria (ISIS) has been making substantial and rapid progress in its conquest of major Syrian oil fields. Together with an Iraqi oil field captured at the end of June, the militants have taken control of wide development areas on both sides of the Syria-Iraq border. And on Thursday (03.07.2014), ISIS reportedly began selling oil out of Iraq.




Iraq's largest oil fields, in the south and thus in a Shiite-controlled area, are not yet seriously threatened. Nevertheless, the rise of ISIS could still lead to further uncertainty in the international oil market.


This new shift toward Iran is likely to spook a current partner of the West: Saudi Arabia. If Iraqi Prime Minister Nouri al-Maliki remains in office and - thanks to help from Iran - is able to hold off ISIS, Saudi Arabia, the leader of the Sunni Muslims, would have to adjust to a strong Shiite presence on its northern borders.


One possible response would be to lower oil prices, something that Saudi Arabia would be able to implement immediately - to the benefit of buyers on the international market.


ISIS, oil and war | Middle East | DW.DE | 05.07.2014






The group controls approximately 60% of Syria’s oil fields and several oil producing assets in Iraq.


“Put simply, ISIS is in a position to smuggle over 30,000 barrels of crude oil a day to neighbouring territories and countries at a price of between $25 to $60 per barrel depending on the number of middle-men involved,” Khatteeb wrote for Brookings.






Farming, extortion, black-market oil and carjacking : The shady ventures that help ISIS earn up to $4 million every day | National Post
 

Walter

Hall of Fame Member
Jan 28, 2007
34,892
129
63
Don't be silly. It's not in Harpo's power to do that.
It was Obama. Thanks Barry.

In reality it was neither of them. The world is a big bad place.
BHO doesn't like fracking and has not allowed it on gubmint controlled land. If anything he has kept the price from falling sooner.