Largest oil drop in history underway, analysts say
- Thread starter B00Mer
- Start date
Actually that is not quite true. Holland makes land and so do many port cities. Vancouver area has quite a bit of land that was once tidal.
True, it was just an old saying.
They make it in Dubai and Hong Kong made land for an airport at least I think it was Hong Kong.
AS I have stated before - it WILL TAKE HUNDREDS OF YEARS and multiple generations to make ANY dent in our debt loads!
Recall back around 2005 - when oil prices were SO HIGH - and the oil tax revenue SO RICH that Ottawa under Conservative Harper was running SURPLUSES of $10 - $14 BILLION DOLLARS per year! Which of course is why Our idiot Boy likes the idea of a carbon tax SCAM as it makes a MIGHTY FINE GRAVY GRAB!
Our debt load then was a total of over one trillion dollars - thus if we had paid TEN BILLION DOLLARS PER YEAR
FOR ONE HUNDRED years against our debt - we would HAVE PAID MOST OF IT - after FIVE GENERATIONS!
We do not have a spare ten billion dollars! We have not paid a penny on our debt since 2008 as it was in 2008 that ALL western govts began running up debt to save our economy from the mortgage melt down!
And that calculation does NOT take into account the SOARING PROVINCIAL DEBT LOADS that were still building!
After five generations of ruthless penny pinching we would still retain notable debt!
Nor does it address the ROTTING INFRASTRUCTURE and need for replacement!
Nor the costly and rapidly growing health needs of our aging population!
Nor the cost of LIE-beral pension IOU`s issued to BUY HOG VOTES! Both Ontari-owe LIE-beral Wynne-bag and her federal counterpart Morneau have BOTH BEEN WARNED about using DISHONEST ACCOUNTING PRACTICES to hide that
RAPIDLY GROWING HOG DEBT!
IF - AND IT IS BIG IF - we had managed to pay off ten billion dollars per year into our debt load that had existed in 2007
it WOULD STILL HAVE TAKEN OVER THREE HUNDRED YEARS -15 GENERATIONS TO PAY MOST OF WHAT WE OWED!
That has NOT HAPPENED! And the cost of LIE-beral FAILURE to close the border and control the spread of Wuhan Pestilence means we will now need five hundred to a thousand years to pay what we owe!
And there is other cost and consequence of the Wuhan Pestilence - such as - the planned expansion of Toronto subway system
looks like it has been PERMANENTLY DERAILED! THE ABILITY OF GOVT TO BUILD ANYTHING has been crippled by debt!
OH hemerHOID you have been acting all along as if Elon Musk was your BELOVED brother and you were afraid he would make YOU
PAY HIS DEBTS if Tesla Motors failed!
Oh that word "fail" is so harsh and final! I suspect that Tesla will not disappear completely!
Tesla will simply reach a point where its debts grow so large that it will be "restructured"!
Which seems to be Wall Street slang meaning SOME INVESTORS WILL GET SCREWED!
And other more privileged types will be COVERED!
It reminds me of a certain LARGE Cdn bank that decided the time was right for them to open a set of Yankee bank branches
and this was shortly after the Yankee Savings and Loan Trust Company MESS in the early 1990`s!
Sadly the Yankees were not willing to invest with stingy stuffy Cdn bankers and eventually the head office chose to CUT ITS LOSSES
and shut down - with those investors who had MORE than $30 grand invested with the bank getting all their gravy back!
And those will LESS than $30 grand told they would GET NOTHING BACK!
The bank made some VERY CAREFUL calculations about who would sue and would would win and etc
and made a careful choice over who they COULD SCREW!
Yankee law makers and LIE-berals generally consider that bankruptcy proceedings are an odd sort of BLOOD SPORT!
Whiting Petroleum files for Chapter 11. They were $350sish a share in 2014. Shale is collapsing just like oil sands.
https://www.forbes.com/sites/gaurav...o-bankruptcy-as-stock-slumps-91/#5394b6b55a24
Suncor and Teck are going to close Fort Hills.
https://business.financialpost.com/...-could-be-oil-sands-first-victim-of-price-war
The Saudi can just ramp up as much oil production as they want.
This is what the end of the oil age looks like
https://www.forbes.com/sites/rrapie...e-end-of-the-oil-age-looks-like/#6799663dd3f8
https://www.forbes.com/sites/gaurav...o-bankruptcy-as-stock-slumps-91/#5394b6b55a24
Suncor and Teck are going to close Fort Hills.
https://business.financialpost.com/...-could-be-oil-sands-first-victim-of-price-war
The Saudi can just ramp up as much oil production as they want.
This is what the end of the oil age looks like
https://www.forbes.com/sites/rrapie...e-end-of-the-oil-age-looks-like/#6799663dd3f8
Here's what the oilpatch wants in financial aid from Ottawa
Interesting unlike Que. and Ont. companies that want money donated to them the Oil companies just want costly regulations reduced and for banks to lend them money to get through this.
What a contrast between industries located in the East and West.
Interesting unlike Que. and Ont. companies that want money donated to them the Oil companies just want costly regulations reduced and for banks to lend them money to get through this.
What a contrast between industries located in the East and West.
Translation - I hate electric cars for no apparent reason other than to own the Libs. `
No doubt.. Much like companies such as Tesla that can not survive without federal/Prov/State cash rebates to sell their exploding cars
Tesla is a poorly run company, huge debt, still haven't delivered on the cars that they took deposits on a few years ago and let's not forget this:
No doubt.. Much like companies such as Tesla that can not survive without federal/Prov/State cash rebates to sell their exploding cars
Tesla is a poorly run company, huge debt, still haven't delivered on the cars that they took deposits on a few years ago and let's not forget this:
Cars have flaws....news at eleven.
In other news, man yells at electricity.