Oil is bringing Canada's GDP down

Hoid

Hall of Fame Member
Oct 15, 2017
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We are actually in the process of changing from gasoline powered motors to electric motors.

Thus stupid can in fact be fixed.
 

Murphy

Executive Branch Member
Apr 12, 2013
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:laughing3:

You know why few people bother with you anymore? You're a fool.

I will repeat TB's words. They apply equally to you. You cannot fix stupid.
 

Tecumsehsbones

Hall of Fame Member
Mar 18, 2013
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:laughing3:

You know why few people bother with you anymore? You're a fool.

I will repeat TB's words. They apply equally to you. You cannot fix stupid.

"Does this mean we're friends again? Because if I thought you weren't my friend, I don't think I could bear it."

Doc Holliday, Tombstone
 

petros

The Central Scrutinizer
Nov 21, 2008
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Oil sucks.


Canada’s GDP shrinks in January amid drop in oil production, Statistics Canada says

OTTAWA—Canada’s gross domestic product (GDP) unexpectedly shrank in January, as the economy faces a broad slowdown after surging last year.

Gross domestic product contracted 0.1 per cent during the month, Statistics Canada reported Thursday in Ottawa, weighed down by sharp drops in oil production.

On the plus side, Statistics Canada revised up its estimate for December GDP growth to 0.2 per cent from 0.1 per cent initially.

The monthly GDP decline was the largest since May 2016, driven by a 3.6-per-cent drop in oil and gas extraction. Statistics Canada cited a 7.1-per-cent reduction in oilsands production due to unscheduled maintenance shutdowns.

https://www.thestar.com/business/ec...onomy-unexpectedly-contracted-in-january.html

What the f-ck did I tell you about bringing GDP?

Was it something like "as long as you dumb f-cks out east are importing oil from America you can shove your GDP up your f-cking ass"?
 

petros

The Central Scrutinizer
Nov 21, 2008
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When you have a Sesame Street drop out whose brain is a stain on the front of Thomas the Tank Engine trying to talk about the finances of Canada it's sickening.
 

Tecumsehsbones

Hall of Fame Member
Mar 18, 2013
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We are actually in the process of changing from gasoline powered motors to electric motors.

Thus stupid can in fact be fixed.

You're right. And in WWII, we were in the process of changing from oilers to nuclear-powered ships. So we shoulda just stopped producing ships until we perfected nuclear propulsion.
 

captain morgan

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Mar 28, 2009
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Do you view this as a good news for Canada article? I hope common sense comes back in 2019 because this attack on Canada's # 1 resource and 3rd largest reserve in the world is not good for all Canadians.

It's only a matter of time before hydrocarbons get displaced for a better tech.

That said, between the current effectiveness of the technology as well as the infrastructure upgrading required, we are a long ways away from a full-on transition.
 

taxslave

Hall of Fame Member
Nov 25, 2008
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Oil sucks.


Canada’s GDP shrinks in January amid drop in oil production, Statistics Canada says

OTTAWA—Canada’s gross domestic product (GDP) unexpectedly shrank in January, as the economy faces a broad slowdown after surging last year.

Gross domestic product contracted 0.1 per cent during the month, Statistics Canada reported Thursday in Ottawa, weighed down by sharp drops in oil production.

On the plus side, Statistics Canada revised up its estimate for December GDP growth to 0.2 per cent from 0.1 per cent initially.

The monthly GDP decline was the largest since May 2016, driven by a 3.6-per-cent drop in oil and gas extraction. Statistics Canada cited a 7.1-per-cent reduction in oilsands production due to unscheduled maintenance shutdowns.

https://www.thestar.com/business/ec...onomy-unexpectedly-contracted-in-january.html

Without oil there would be no GDP to bring down.