Panic time: As oil goes, so does Canada’s economy

petros

The Central Scrutinizer
Nov 21, 2008
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No potato just copy and paste? What is the US' share of the volume?

Who knows what you're talking about specifically but recently CTI (Carbon Tracker Initiative) rated the top 20 mega oil projects
Why did you stop at oil? ENERGY is only oil?
 

grainfedpraiboy

Electoral Member
Mar 15, 2009
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No potato just copy and paste? What is the US' share of the volume?

Counting all the way to potato is a polite way of speaking to someone significantly below average intelligence or refer to someone whose sentences don;t quite come out the way they're potato. You decide.

Why did you stop at oil? ENERGY is only oil?

Because the thread is about oil.
 

MHz

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If it goes this low there won't be any, nor handouts. Russia will take advantage and push those new lines through to China. I would expect Kiev will find a new low price from Russia for a year or so. Bump it up before it gets to the other EU countries, just good business practices
Oil Prices Falling to $60 per Barrel Could Re-Stoke Economic Growth: Expert | Analysis & Opinion | RIA Novosti

If that map below is followed Ontario and Quebec will be getting their gas from the US as that is the line that will get developed because it would serve more people. Once Canadian crude crosses the border it is American crude st that is what Ontario and Quebec would be buying and there is nothing to say it is the same price that it was when it came over the border. They would become US utility customers and all the rewards that come with that,

 
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petros

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petros

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Are you stumped?

Still think oil wasn't pegged at $100 bbl by OPEC back in 05?

Opec under pressure as $100 barrel creates oil panic in the West | Business | The Observer

In its annual global outlook - which gets gloomier by the year - the IEA said that if Opec stumps up the cash, its production will grow from 36mbpd (million barrels per day) last year to 46mbpd in 2015, and 61mbpd by 2030. This would see the cartel's share of global production jump from 42 per cent now to 52 per cent by 2030. Analysts forecast that supply from non-Opec countries will remain steady over the next 20 years at just under 50mbpd, with small increases coming from non-conventional oil such as biofuels. This puts the onus on Opec to meet almost the entire forecast 37 per cent, or 32mbpd, increase in demand by 2030.

But there is no guarantee that this extra production will come on stream as predicted. Opec estimates that $2.4 trillion will have to be spent globally to meet production targets. Much of this will have to be borne by the cartel. But it admits that its own estimates of how much it will have to spend between now and 2010 alone vary by as much as $50bn. The range of uncertainty in spending estimates increases to $140bn by 2015. These wild variations are hardly reassuring
.

mmmm. Did they spend the money on upping production? How are the NG, solar and NG electric turbines coming along in Saudi Arabia?

Why is Libya's NOC and it's Canadian partner Suncor/PetroCan flooding the market?

$2.4 Trillion? Pocket change?
 
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grainfedpraiboy

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Are you stumped?

Still think oil wasn't pegged at $100 bbl by OPEC back in 05?

So what? Why does this have any relevancy to this conversation? Why do you think it is important to anyone besides yourself?

. mmmm. Did they spend the money on upping production? How are the NG, solar and NG electric turbines coming along in Saudi Arabia?

Quite nicely. They've also stopped trying to grow wheat in the desert and and are taking measures to eliminate fuel subsidies and why? Because they've grown fat and complacent and without 100 dollar a barrel oil for a sustained period the whole Saudi house collapses like a house of cards.

Why is Libya's NOC and it's Canadian partner Suncor/PetroCan flooding the market?

Libya, Iran and ISIL are pumping as much oil as possible and selling it at any price they can get because they need hard currency.

$2.4 Trillion? Pocket change?

The Saudi estimate of what the world needs to spend on 'hard to get oil' in order to not buy 'easy oil' from OPEC. This is one of several equations that helps OPEC to establish targets to maximise returns on oil exports. Other equations factor price points that cause global recessions and interest in nuclear and renewables. Any number coming from Saudi Arabia or any OPEC country is suspect given that outright lies they tell each other regarding oil reserves and new discoveries in order to maintain market shares.
 

petros

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PS what was OPEC babbling about back in 05 about needing to keep oil pegged at $100bbl to pay for the worlds largest energy project known to mankind?
Are they done?

Quite nicely even though most projects haven't started? Nice to know.

Libya..NOC and PetroCan are out to harm our economy? ISIS dumping? Riiiiight. It's nice to know Iran isn't backing Saudi malarkey and sided with us in f-cking up OPEC.

IEA is Saudi run? Since when? Potato?

Did you find the America content and volumes agreed upon that Obama figures isn't enough for XL approval or there isn't any and it's all Hardisty heavy?
 

grainfedpraiboy

Electoral Member
Mar 15, 2009
715
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Are they done?

Quite nicely even though most projects haven't started? Nice to know.

Libya..NOC and PetroCan are out to harm our economy? ISIS dumping? Riiiiight. It's nice to know Iran isn't backing Saudi malarkey and sided with us in f-cking up OPEC.

IEA is Saudi run? Since when? Potato?

Did you find the America content and volumes agreed upon that Obama figures isn't enough for XL approval or there isn't any and it's all Hardisty heavy?

Are you drunk, high or is this just the way you are? And you're using "potato" incorrectly kinda reinforces my original assertion.
 
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petros

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Of course you can't. Braindeadprairieboys are brain dead. How did that happen anyway? Huffing gold paint in a dumpster with MHz?
 

Kreskin

Doctor of Thinkology
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It's about time oil prices dropped. It's not much of an economy if it's all about selling high priced oil. I hope it tanks big time.
 

petros

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And for booming provinces like Alberta and Saskatchewan, who have relied on oil to help fuel their fortunes in recent years, the fall could be harder than in other areas of the country where conditions have been less robust
Relied? That's news to people in SK. Who knew?

http://www.cbc.ca/m/news/canada/little-panic-in-calgary-s-oil-patch-even-as-prices-plummet-1.2802068

When CBC Calgary sent a reporter to a recent pipeline conference to ask about the ongoing price drop, all we came back with was a collective shrug of the shoulder.

Relied? That's news to people in SK. Who knew?

http://www.cbc.ca/m/news/canada/little-panic-in-calgary-s-oil-patch-even-as-prices-plummet-1.2802068

When CBC Calgary sent a reporter to a recent pipeline conference to ask about the ongoing price drop, all we came back with was a collective shrug of the shoulder.

There is a driving force for students to go into journalism....it's called failing math.

Factoid- Around 11 per cent of Saskatchewan’s revenue, $1.56 billion, comes from oil sector royalties. Does that mean the other 89% of the SK economy is going to pack it in?
 

captain morgan

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This is fantastic news for you Flossy... Finally, you get your wish for moving away from the petro-dollar... A lower loonie helps the mfg sector (mind you, I'm not really sure if Canada actually has one anymore).

Now is the time to execute on your cunning plan to build fleets of electric cars and fields of windmills to power said fleet.

It is a fabulous day indeed