Largest oil drop in history underway, analysts say
- Thread starter B00Mer
- Start date
With Oil at Record Low, Canada Is Price War’s First Casualty
https://ca.finance.yahoo.com/news/oil-record-low-7-47-200928535.html
(Bloomberg) -- In the oil price war between Saudi Arabia and Russia, the first big victim is likely to be Canada.
Hit by unfettered supply from Russia and Saudi Arabia and reduced demand as a result of the coronavirus, the benchmark blend of crude produced from Canada’s oil sands plunged to a record low of $7.47 a barrel on Wednesday. The fallout: Virtually every barrel of oil now produced there will come at a loss.....
https://ca.finance.yahoo.com/news/oil-record-low-7-47-200928535.html
(Bloomberg) -- In the oil price war between Saudi Arabia and Russia, the first big victim is likely to be Canada.
Hit by unfettered supply from Russia and Saudi Arabia and reduced demand as a result of the coronavirus, the benchmark blend of crude produced from Canada’s oil sands plunged to a record low of $7.47 a barrel on Wednesday. The fallout: Virtually every barrel of oil now produced there will come at a loss.....
Most of the island seems to be in the$1.15 -1.20 range on the island today. The one I drove past in Victoria all day bounced around in that range. Seemed like every couple of loads it was different.
You just worry about the millions of gallons of raw sewage that you pump into the ocean each and every day (ironically by a bunch of pipelines)
$500?.. Tesla is now down to $ 350.00 The market has clearly spoken that EVs are dead... No one wants this unimportant tech anymore
JUst think, if the foreign paid oil spitters had left things alone it would have been built and making money 5 years ago. Thats how socialism works. Make the economic climate untenable for private business to operate they buy it with taxopayers money and give it o your friends for pennies on the $$$$
You obviously don't know much about Canada or about the best province in Canada.
That $4.5 Billion is probably paid back already as that line was not shutdown and pumping at full capacity
I have to wonder if the Solyndra debacle might prevent a bail out.
At any rate, Musk and a few others put up shares as collateral against loans not so long ago when the stock was in the $800s - $900s, I'll bet that Musk refuses to answer his phone knowing that the banks are cashing in on those shares in order to keep the contracted ratio in line.
You bet there are, Enron, Worldcom and Tyco come to mind, but Musk has an interesting track record that might be a little too unhinged for the Feds to have any comfort
The one that instantly cooks birds...Ivanho or Ivan something.
The 2.2 Billion bird cooker and its kin that is slated to close.
The 2.2 Billion bird cooker and its kin that is slated to close.
Poor stupid hemerHOID!
It has not occurred to him that if Our idiot Boy and loser LIE-berals had DONE A DEAL with natives in the first place
and let PRIVATE SECTOR Kinder Morgan owners get on with building the pipeline
then LIE-berals WOULD HAVE SAVED $4.7 BILLION DOLLARS - NOT INCLUDING INTEREST!
And NOT INCLUDING for the eventual cost to complete the line!
If Our idiot Boy had been SENSIBLE - then WE WOULD NOT BE HOLDING THE ENTIRE BAG!
That would be your idiot boy. Your province elected him. Not very many people west of Winnipeg have any use for him.
The fact remains that we people of Ontario have zero control over how many more idiots choose to take up residence here.
:?\