Expect 'ripple effect' from slowdown in Alberta oil patch: economist
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Oh my!
Canada's National Debt Clock : The Canadian Taxpayers Federation
This is an interesting presentation on the matter
Provincial Debt And Deficits: Here Are The Provinces In The Most (And Least) Financial Trouble
http://www.debtclock.ca/provincial-debtclocks/saskatchewan/
Oil will be around a long time and we need fuel for trucks. Electric trucks don't
rumble. The problem is when a slowdown comes the turnaround time is as long
as the downturn. Things in Alberta are going to take a while to recover
rumble. The problem is when a slowdown comes the turnaround time is as long
as the downturn. Things in Alberta are going to take a while to recover
Not really. Volume will replace the $100bbl deal Martin made with the OPEC devil in short time.
The US still has a 30% offshore import deficit we can fill and our own import deficit.
The US still has a 30% offshore import deficit we can fill and our own import deficit.
Oil slowing down doesn't cause the ecomomy to slow down. An economy that has already slowed down slows down the oil patch. Cheap gas means what when you don't have the money to fill it up and if you did there is no place local that isn't already closed. When oil tumbles the price fort all other things should drop the same amount. that $12 steal now costs $4 and that $120 bottle of wine is now worth $40. Carry that through to the belongings of the rich and there never would be ant down-turns. (which is actually the normal economy being run in an in-efficient manner and the 'boom' years just moves goods from one location to another. The downturn in North America only means the economy is picking up someplace else.
All the fake wars away from the shores of North America will leave us with no real armaments to hold back a gang of bandits let alone an invading army.
E-Trucks would be a blast, each wheel being it's own engine and driveline. Power by a small NG turbine that keeps running at a constant speed to drive the motors and keep the capacitors at full charge. If you want to stay with fuel bring back the 2 lung John-deere tractor where the pistons were the size of kitchen garbage cans, even then NG would help on the steep hills
You will be wise to develop an understanding of the industry before you make any predictions. Reactivating wells takes little time
We're a net importer, but still make money, because we charge more for the export than we pay for the import. That's where the cheap rates come from.
But yeah, we pay through the nose for gas. My next vehicle will probably be electric.
I'll keep my '94 GMC truck for the jobs that need it, but it won't get much action.
Expect your electricity bill to head north.
All the same, it's ridiculous that BC isn't a net exporter.
We've got Site C in the works, if it makes it through the court challenges. Although if even half the mines go through that are in the works, that will use up most of that power.
But yeah, things don't generally get cheaper.
Freudian. I had a Freudian slip this morning actually. I meant to ask my wife "Can you pass the butter, please?" and instead I said "Yer the b!tch that ruined my life."
