Largest oil drop in history underway, analysts say

[captain morgan]

One of my favorite movies.

A true classic to this day

True dat! You said it and deserve the credit!


It is just unfortunate that whatever price the Russians and Saudis settle on aint likely to help Alberta much!

Both the Russians and Saudi's need a price well North of USD 50 to float their economies (especially in Saudi's case) and the cost to produce Russian O&G is as high, if not higher than the cost of conventional resources in NorAm

 

[captain morgan]

Good thing. The Prime Moron and his corrupt party cannot be trusted with this kind of power.
Horgan is doing a much better job of protecting us, which surprises me. trudOWE is doing as expected, while Horgan is actually doing something useful.

The whole pandemic thingy is perfect for tater tot's true talent - photo ops and stuttering in front of the media

 

[Twin_Moose]

Putin Plans $14 Billion Stimulus as Pressure Mounts for Spending

(Bloomberg) Russian President Vladimir Putin’s government plans to dramatically ramp up stimulus measures to prop up an economy that is lurching toward recession.
The government will roll out about 1 trillion rubles ($19bn CAD) of new spending, according to two people familiar with the plans, who asked not to be named because discussions are ongoing. Some of the money will go toward subsidizing salaries of workers idled by isolation measures to fight the coronavirus, the people said.

The stimulus will be funded by increased borrowing, not Russia’s rainy-day fund, one of the people said. The government’s return to the ruble bond market after a five-week hiatus met with weak demand Wednesday.
A spokesperson for the government didn’t respond to a request for comment.
The plan is the clearest sign yet that Putin is willing to join other world leaders in ramping up spending to stave off a deep recession. Concern that oil prices will stay low for a long time after a nearly 50% drop this year have so far made the Kremlin cautious about releasing funds, despite growing pressure from businesses and economists.
Firms have been lobbying the government for weeks to increase support measures, which so far haven’t included direct handouts. Lobby groups warned that insufficient stimulus could lead to mass unemployment, bankruptcies and a deep economic slump...……...More

There will be an Oil deal coming shortly

 

[pgs]

The whole pandemic thingy is perfect for tater tot's true talent - photo ops and stuttering in front of the media

Come now give the boy some credit , he has his compassionate act down pat .

 

[pgs]

Putin Plans $14 Billion Stimulus as Pressure Mounts for Spending



There will be an Oil deal coming shortly

Maybe but never trust unnamed sources . Remember all the bombshells and smoking guns for the last few years .

 

[JLM]

Come now give the boy some credit , he has his compassionate act down pat .

He's smart in one sense, in that he has recognized the current dilemma as a perfect platform to start electioneering - how can you lose by throwing money at people for a reason they all agree with? I'd do the same thing. However it doesn't improve my image of Justin.

 

[Twin_Moose]

Maybe but never trust unnamed sources . Remember all the bombshells and smoking guns for the last few years .

Best way to get the economies rolling again, while adhering to the pandemic rules, we'll see a deal done.

 

[taxslave]

The whole pandemic thingy is perfect for tater tot's true talent - photo ops and stuttering in front of the media

And most important spending money that isn't his.

 

[JLM]

And most important spending money that isn't his.

I'm of two minds about this, as I think at this time trying to get a handle on the epidemic is more important right now than money. While money is important it's not as important as people's welfare, and you can't expect people to quit jobs without having a replacement for the wages lost!

 

[taxslave]

I'm of two minds about this, as I think at this time trying to get a handle on the epidemic is more important right now than money. While money is important it's not as important as people's welfare, and you can't expect people to quit jobs without having a replacement for the wages lost!

No, I'm good with most of it. Not necessarily the way it was rolled out or the giving borrowed money to other countries. Of course if he hadden't squandered the surplus he inherited and been spending borrowed money like a drunken sailor on shore leve for the last 5 years we would be in a much better financial position.

 

[Twin_Moose]

I'm of two minds about this, as I think at this time trying to get a handle on the epidemic is more important right now than money. While money is important it's not as important as people's welfare, and you can't expect people to quit jobs without having a replacement for the wages lost!

Was shutting down every industry in the country the best reaction? There is more to this than meets the eye IMO

 

[Hoid]

Don't worry everyone!

The meetings are going on 24/7 to iron out all the details and decide on how much of a production drop will create a phony shortage so that prices can go up again.

Talk about free market capitalism!

Sarcasm off: you cannot run a global economy on the speculative value of a worthless commodity.

If you try you will have nothing but trouble just as we always do.

 

[spilledthebeer]

The whole pandemic thingy is perfect for tater tot's true talent - photo ops and stuttering in front of the media

OH NO! DO NOT DISMISS Our idiot Boy so completely!


HE has a mass of Soviet Socialist writings to help him figure out HOW TO GRAB POWER!


The OLD ADAGE says that in chaos, there is OPPORTUNITY!


Every single DICTATOR in world history has used a CRISIS to GRAB POWER while hiding his moves behind social chaos!


Adolf Hitler used the Weimar Republic bankruptcy to grab power!


Lenin imposed Socialism on a divided Russian Parliament!


All manner of third world dictators have used social chaos as a screen to grab power - in the name of restoring peace and prosperity!



And Our idiot Boy is using the Wuhan crisis and accompanying bankruptcy to SHUT DOWN OUR PARLIAMENT!


Our idiot Boy is TRYING TO STAVE OFF an inevitable NON CONFIDENCE VOTE in spring 2021!


By spring 2021 things OUGHT to have settled back to relative normal and Our idiot Boy will be expected then to PRESENT us with


A COHERENT SENSIBLE BUDGET - to be voted on - with the fate of his minority govt HANGING IN THE BALANCE!


AND Our idiot Boy DOES NOT WANT his political career cut so SHORT!




Our idiot Boy DOES NOT want to discuss the one hundrec billion dollars in new debt he ran up BEFORE Wuhan Virus appeared!


He DOES NOT want to discuss the $26 billion dollar deficit he PLANNED to run this year BEFORE the Virus hit!


He certainly DOES NOT want to discuss the ECONOMY CRIPPLING SERIES of $20 billion dollar deficits he PLANNED to run



into the indefinite future - before the Virus appeared!



Idiot Boy DOES NOT want to discuss the Cdn public interest in closing the border and deporting illegals!


Does NOT want to discuss the UGLY REALITY that killing the entire Cdn oil patch IS A BAD IDEA!


Since we will NEED every penny of oil revenue we can get!


CERTAINLY DOES NOT wish to discuss the reality that we are SO BROKE NOW that civil service union HOGS WILL NOT



be getting any more pay raises any time soon! Lack of gravy for HOGS means LIE-beral party support IS CRIPPLED!


Our idiot Boy and his loser LIE-berals are muddled, confused, selfish, arrogant, greedy and hold a BIG PILE of other NASTY qualities



that I cannot be bothered enumerating but idiot Boy is being GUIDED by CUNNING OTHERS who DO NOT have the best interests



of Canada in mind!



Even worse - Our idiot Boy is being aided by a LIE-beral friendly news media that thinks censorship is fair play in politics!


One has only to compare news reports from various outlets in multiple parts of the country to see what sort of facts get prominent



play or get DROPPED AND FORGOTTEN!


Our idiot Boy has excused Lavalin for its bid rigging corruption INSIDE CANADA - while conveniently FORGETTING



those NASTY news articles from a few years back claiming that Quebec is the MOST CORRUPT province in Canada!

 

[taxslave]

Don't worry everyone!
The meetings are going on 24/7 to iron out all the details and decide on how much of a production drop will create a phony shortage so that prices can go up again.
Talk about free market capitalism!
Sarcasm off: you cannot run a global economy on the speculative value of a worthless commodity.
If you try you will have nothing but trouble just as we always do.

SO no more solar and whirlygigs them?
Good, they are useless anyway.

 

[B00Mer]

Canadazeula and its leader Trudeau still bashing Alberta oil while giving a pass to Saudi Oil..

This is the perfect time for Alberta to join the USA

 

[captain morgan]

Don't worry everyone!

The meetings are going on 24/7 to iron out all the details and decide on how much of a production drop will create a phony shortage so that prices can go up again.

Talk about free market capitalism!

Sarcasm off: you cannot run a global economy on the speculative value of a worthless commodity.

If you try you will have nothing but trouble just as we always do.

Easy solution: You and your like-minded buddies stop buying all forms of this useless commodity... Simple


Sunny Ways!

Canadazeula and its leader Trudeau still bashing Alberta oil while giving a pass to Saudi Oil..

This is the perfect time for Alberta to join the USA

Why on Earth would anyone need to join the USA?.. Go it alone and cut out the fed tax rate from the get-go

 

[pgs]

Easy solution: You and your like-minded buddies stop buying all forms of this useless commodity... Simple


Sunny Ways!





Why on Earth would anyone need to join the USA?.. Go it alone and cut out the fed tax rate from the get-go

All those bureaucraps in Edmonchuck will still need jobs , and they will want to split Alberta into provinces to create more bureaucraps and soon you will be back to square one .
The only way it will have a chance of working is if all public sector unions are disbanded and outlawed .

 

[Hoid]

The world and especially the young people are turning away from gasoline and oil and coal and natural gas.

They want something better.

 

[petros]

They are? What are they using?

 

[Hoid]

Speaking of oil:

11:19 am CST 12/04/2020

WTI Crude
22.76 -9.

22 bucks for oil. Half that for Canadian.

Where is there hope? OPEC+

Oil prices will recover when the nations that produce it agree to make less of it in order to create a shortage and make the price go up.

That is a business model that has always worked before.