Ready for OIL to go up to $150 a barrel?? Next week!!
- Thread starter B00Mer
- Start date
That would explain "we in the industry... "briny"", turns into "let's leave "briny" to the amateurs", lol.
The Americans do need petro dollar power though. That's what all the fuss is about. That power will be gone in a matter of months and America with it.
I think the best part is his inability to understand what he's reading and quoting. Doesn't much matter though. He's made it about me. I'm clearly in his head.
Bwaaahahaha! Sorry to laugh at you, I know you're upset and all, but it was just to easy.
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You say that like we won't be sucked into the collapse. That is when those 'emergency' clauses kick in where the US had first dibs on our resources rather than Canadians having that access. If they take the gas then the migration will be from Canada and not to Canada.
It's not secret. It was one of the fundamental clauses of the FTA. Under it the US has free access to any resource in Canada except water.
Here is an excerpt from it.
Proportional Sharing Clause
The Proportional Sharing Clause is found in Chapter 6, Article 605 of the NAFTA trade agreement. The following is an excerpt of the clause:
Article 605: Other Export Measures
Subject to Annex 605, a Party may adopt or maintain a restriction otherwise justified under Articles XI:2(a) or XX(g), (i) or (j) of the GATT with respect to the export of an energy or basic petrochemical good to the territory of another Party, only if:
a) the restriction does not reduce the proportion of the total export shipments of the specific energy or basic petrochemical good made available to that other Party relative to the total supply of that good of the Party maintaining the restriction as compared to the proportion prevailing in the most recent 36month period for which data are available prior to the imposition of the measure, or in such other representative period on which the Parties may agree;
b) the Party [Canada, US] does not impose a higher price for exports of an energy or basic petrochemical good to that other Party than the price charged for such good when consumed domestically, by means of any measure such as licenses, fees, taxation and minimum price requirements. The foregoing provision does not apply to a higher price that may result from a measure taken pursuant to subparagraph (a) that only restricts the volume of exports;
This clauseguarantees a proportional share of Canadian energy supplies to the US in perpetuity or until they withdraw from the deal.Subject to Annex 605, a Party may adopt or maintain a restriction otherwise justified under Articles XI:2(a) or XX(g), (i) or (j) of the GATT with respect to the export of an energy or basic petrochemical good to the territory of another Party, only if:
a) the restriction does not reduce the proportion of the total export shipments of the specific energy or basic petrochemical good made available to that other Party relative to the total supply of that good of the Party maintaining the restriction as compared to the proportion prevailing in the most recent 36month period for which data are available prior to the imposition of the measure, or in such other representative period on which the Parties may agree;
b) the Party [Canada, US] does not impose a higher price for exports of an energy or basic petrochemical good to that other Party than the price charged for such good when consumed domestically, by means of any measure such as licenses, fees, taxation and minimum price requirements. The foregoing provision does not apply to a higher price that may result from a measure taken pursuant to subparagraph (a) that only restricts the volume of exports;
What, as opposed to you bumping your own threads. :roll:
Again, and again, and again...
Total global war would get the price of oil up to $150 per barrel overnight. Can't think of anything else.
Iran and Saudi Arabia... we could only hope
War Between Saudi Arabia And Iran Could Send Oil Prices To $250 | OilPrice.com
Not to mention it would be a boost to Lockheed Martin and Boeing, building war planes and equipment for Saudi Arabia..
Yes making relevant posts within a few days is just like this.
People were telling you back then you were nuts about oil prices but the denial just makes the crow tastier.
Well, we all know you couldn't be happier at the low oil prices because it destroys your nemesis "Alberta."
Next to kippers the pickled herring is perhaps the most delicate and delicious of culinary magic. You are obviously starving.
