Largest oil drop in history underway, analysts say

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
The carbon tax only applies to the rich. Everyone else gets a credit even if they don't own a car. Because only rich pollute. Or something. THe best part is the definition of rich includes most government employees.






Oh MY! Your understanding of the carbon tax SCAM is absurdly DEFICIENT!


The carbon SCAM APPLIES TO EVERYTHING!


It is included in the cost of growing food; included in the cost of shipping food, included in the cost of producing and shipping clothing,

included in the cost of constructing ANYTHING from a road to a house to a mouldy green wind turbine! it is included in the cost of heating your home and included in the cost of operating public transit, it is included in the cost to heat your kids school, and included in the cost to operate your local hospital AND included in the cost TO RUN ALL THOSE ELECTRICALLY POWERED VENTILATORS that are keeping Wuhan Pestilence victims ALIVE!


And yet LIE-berals have made a careful POLITICALLY MOTIVATED CALCULATION regarding how much carbon tax SCAM cash you paid for gasoline - and refunded that to you! While IGNORING ALL THE OTHER CHARGES AND INFLATION GENERATING COSTS!


And then WONDER OF WONDERS - LIE-berals tell us with a straight face yet - that through their MAGICAL ACCOUNTING - most Cdns will SOMEHOW GET BACK MORE CARBON GRAVY THAN THEY PAID OUT!


If it is LIE-beral - it is FAKE NEWS!
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,340
113
Vancouver Island
Oh MY! Your understanding of the carbon tax SCAM is absurdly DEFICIENT!
The carbon SCAM APPLIES TO EVERYTHING!
It is included in the cost of growing food; included in the cost of shipping food, included in the cost of producing and shipping clothing,
included in the cost of constructing ANYTHING from a road to a house to a mouldy green wind turbine! it is included in the cost of heating your home and included in the cost of operating public transit, it is included in the cost to heat your kids school, and included in the cost to operate your local hospital AND included in the cost TO RUN ALL THOSE ELECTRICALLY POWERED VENTILATORS that are keeping Wuhan Pestilence victims ALIVE!
And yet LIE-berals have made a careful POLITICALLY MOTIVATED CALCULATION regarding how much carbon tax SCAM cash you paid for gasoline - and refunded that to you! While IGNORING ALL THE OTHER CHARGES AND INFLATION GENERATING COSTS!
And then WONDER OF WONDERS - LIE-berals tell us with a straight face yet - that through their MAGICAL ACCOUNTING - most Cdns will SOMEHOW GET BACK MORE CARBON GRAVY THAN THEY PAID OUT!
If it is LIE-beral - it is FAKE NEWS!



only some people at the low end get refunds because their carbon usage doesn't pollute.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
Not going to happen. Idiot child couldn't balance the budget in good times. He will just roll it over into new debt at new interest rates.


The thing that worries me is when this present splurge runs out does he even have an inkling where the next batch is coming from? You can only run the mint for so long before we are into another episode of the Hungry 30s.
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,340
113
Vancouver Island
Yes, I remember interest rates hitting 22% in 1982.I built a duplex in Pt. Hardy, started Jan 04 1981. Interest was a whopping 16%. By the time we were finished 4 months later it was a mind numbing 20%. Made trudOWE the elder's loan shark buddies rich. ****ked our economy completely.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
Yes, I remember interest rates hitting 22% in 1982.I built a duplex in Pt. Hardy, started Jan 04 1981. Interest was a whopping 16%. By the time we were finished 4 months later it was a mind numbing 20%. Made trudOWE the elder's loan shark buddies rich. ****ked our economy completely.


But it was good if you were drawing interest from bank accounts or Canada Savings Bonds. :)
 

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
4
36
Its another Sunday. Maybe time to sit back and take another look at what has happened since January 01.
DOW JONES started the year at 28,800 and is now at 19,174 down about 33%
TSX started the year at 17,100 and is now at 11,852 down about 44%
GE started the year at $11.93 and is now at $6.52 down about 45%
Teck resources started the year at $22.68 and is now at $10.12 down about 55%
Tesla started the year at $430 and is now at $427 down less than 1%
second Sunday of the Snow Bird Plague Shut - In I guess its time to look at the old stock market again. Dow Futures pointing way down for Monday morning as the delivery of the financial bailout was met with a market sell off. It does not look very strong at all. Oil is down yet again as WTO drops another 6% to under $20. Brent is down to $23 and there appears no end in sight to the pain as storage begins to reach its critical point and production comes to a stop. There is 20 million bbl a day demand shortfall which is resulting in a build that is going to be all but impossible to get rid of. At any rate...


DOW JONES started the year at 28,800 and is now at 21,636 down about 25%
TSX started the year at 17,100 and is now at 12,688 down about 26%
GE started the year at $11.93 and is now at $7.62 down about 37%
Teck resources started the year at $22.68 and is now at $9.07 down about 60%
Tesla started the year at $430 and is now at $513 up almost 20%
 

petros

The Central Scrutinizer
Nov 21, 2008
117,184
14,242
113
Low Earth Orbit
Yes, I remember interest rates hitting 22% in 1982.I built a duplex in Pt. Hardy, started Jan 04 1981. Interest was a whopping 16%. By the time we were finished 4 months later it was a mind numbing 20%. Made trudOWE the elder's loan shark buddies rich. ****ked our economy completely.
But it was good if you were drawing interest from bank accounts or Canada Savings Bonds. :)
That was the end of the Bank of Canada and currency limits.
 

petros

The Central Scrutinizer
Nov 21, 2008
117,184
14,242
113
Low Earth Orbit
second Sunday of the Snow Bird Plague Shut - In I guess its time to look at the old stock market again. Dow Futures pointing way down for Monday morning as the delivery of the financial bailout was met with a market sell off. It does not look very strong at all. Oil is down yet again as WTO drops another 6% to under $20. Brent is down to $23 and there appears no end in sight to the pain as storage begins to reach its critical point and production comes to a stop. There is 20 million bbl a day demand shortfall which is resulting in a build that is going to be all but impossible to get rid of. At any rate...
DOW JONES started the year at 28,800 and is now at 21,636 down about 25%
TSX started the year at 17,100 and is now at 12,688 down about 26%
GE started the year at $11.93 and is now at $7.62 down about 37%
Teck resources started the year at $22.68 and is now at $9.07 down about 60%
Tesla started the year at $430 and is now at $513 up almost 20%
You dont like a low carbon economy?
 

Avro52

Time Out
Mar 19, 2020
3,635
5
36
Buddy doesn't have a clue... Tesla stock - need I say more?

500 per share.

Any energy stocks come close to that?

Seems to me if you had been a wise investor you could have doubled your money this year had you bought some.

.....but anyways, Tesla bad, Tesla not burn oil, me no like get shock.
 

petros

The Central Scrutinizer
Nov 21, 2008
117,184
14,242
113
Low Earth Orbit
How many Exxon Mobil shares are in circulation? How many issues? What happens when Tesla goes Blue Chip? Will it split or will they issue another series?
 

Avro52

Time Out
Mar 19, 2020
3,635
5
36
How many Exxon Mobil shares are in circulation? How many issues? What happens when Tesla goes Blue Chip? Will it split or will they issue another series?


I don't know. All I know is money could have been made on Tesla stock.

I'll never doubt the ability of Elon Musk as weird as he is.

Having said that, I plan on getting some energy stock because it's so damn cheap and it ain't going away anytime soon. Doesn't mean I hate the prospect of owning an electric car or hate them in general. I even put solar panels on my house because why not?:smile: