I had a lot of sympathy for the oil company back in the Louisiana oil spill, especially those poor ole CEO's having to pay those claims.
Oil and gas sales revenue takes a beating
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You should get your handler to explain the last few posts to you.
PS - Love the comment about being stubborn; you define that ideal to a tee
Ever wonder how Haliburton and TransOcean got off scott-free on that?... I believe that Haliburton has since moved their head office to the UAE, but it would have been an interesting question
TransOcean and Haliburton were hired as professional service providers to execute the drilling.... BP simply owned the property and provided the cash for these 2 groups to do the actual work.
Haliburton and TransOcean would have been bonded and insured.... I wonder why none of that money was dipped into (or maybe it was but we didn't hear about it)
Haliburton and TransOcean would have been bonded and insured.... I wonder why none of that money was dipped into (or maybe it was but we didn't hear about it)
Both of those hopeful articles are out of date. I like oi,l use it every day. The price won't recover especially since the market is suppressed, transport has slowed considerable, recovering costs will be difficult, any pipe east will need a refinery, one more might do. A decade from now you might have some market down here. What does TPP do for you. Right you and I ain't got a clue about that do we.
You will have to address the RECESSION and recent mega clean oil field discovery also exciting domestics in other areas. Demand consumption and hope is all down, while supply is building. Thirty-five bucks a barrel is looming and you'll be lucky to get it. Used equipment is already cheap (a bargain) out west. When and if price recovery happens you have startups all over again.
The world is slowly discovering that oil is plentiful and renewable. Peak oil was bullship.
The low CAD is really helping mfg in AB and Sask as it relates to oil and gas tech exports.
Is this what you wanted?
You prefer burning foreign oil to get to work or you don't drive because you fell for the "she needs the car in case the kids..."?
More than 12,000 workers in Alberta have lost their jobs in 84 mass layoffs (defined as 50 or more at one time) so far this year, according to provincial government figures released Friday. Three were announced in the last week alone. While the provincial jobless rate remains below the national level, that could easily change if prices drop significantly from here. Even if prices remain relatively stable, ATB Financial chief economist Todd Hirsch said Friday “the slack in the energy sector is likely to continue throughout the second half of 2015 as oil prices have continued to slide.”
If early September oil prices are indeed still more than double where Goldman says they could bottom, significant levels of conventional oil production in Alberta and across the west will need to be curtailed. Oil and gas production represents more than 20 percent of Alberta’s gross domestic product and the province is already expecting real GDP to shrink 0.6 percent in 2015. Should oil prices continue to plummet from here, that contraction will only accelerate and the consequences – from higher unemployment to lower consumer spending and historic government spending shortfalls – will be all the more ferocious.
What oil at $20 a barrel would mean for Canada's energy sector - BNN News
If early September oil prices are indeed still more than double where Goldman says they could bottom, significant levels of conventional oil production in Alberta and across the west will need to be curtailed. Oil and gas production represents more than 20 percent of Alberta’s gross domestic product and the province is already expecting real GDP to shrink 0.6 percent in 2015. Should oil prices continue to plummet from here, that contraction will only accelerate and the consequences – from higher unemployment to lower consumer spending and historic government spending shortfalls – will be all the more ferocious.
What oil at $20 a barrel would mean for Canada's energy sector - BNN News
Not going to happen if just-in becomes PM, Everyone remembers what his father tried with his National energy Policy.
The dippers in oilberta must be struggling for cash if they even bother to auction leases when they know the price is down.