The decline of the Alberta dream, in one chart

[MHz]

I find it interesting that Saudi Arabia imports terror, 9/11, it funds terrorism, won't take Syrian refugees in.. why hasn't somebody gotten smart and just start bombing the **** out of Saudi Arabia refineries..

Oil Prices and jobs back up..

Sounds like you want to support ISIS in Yemen.

Actually yes it does.. absolutely everything..

Notley has been anti-Business from day one, increasing royalties on Oil Companies, and so on..

You don't pour gasoline on a burning fire.

Don't you remember, the slump was introduced to punish Russia? How is that working out for us?

 

[tay]

Actually yes it does.. absolutely everything..

Notley has been anti-Business from day one, increasing royalties on Oil Companies, and so on..

You don't pour gasoline on a burning fire.

okay........

 

[B00Mer]

okay........

Great, give me your address and I'll send you a Lady Speed Stick.

 

[AnnaG]

Cool. Lots of people losing jobs and a gov't that wants everyone to freeze while power plants are shut down. Go Dippers! rah rah rah

 

[taxslave]

The only solution could be a Made In Canada Oil Price for Made In Canada Oil Products at say $80.00 a barrel.

I would be willing to pay $1.30 a litre at the pumps if it only applied to Canadian Domestically produced product.....


OPEC abandoned all pretense this week of acting as a cartel. It’s now every member for itself.

At a chaotic meeting Friday in Vienna that was expected to last four hours but expanded to nearly seven, the Organization of Petroleum Exporting Countries tossed aside the idea of limiting production to control prices. Instead, it went all in for the one-year-old Saudi Arabia-led policy of pumping, pumping, pumping until rivals -- external, such as Russia and U.S. shale drillers, as well as internal -- are squeezed out of market share.

The ceiling of 30 million barrels a day, in place since 2011 and now abandoned as too rigid, is no exception. OPEC output has outstripped it for 18 consecutive months, according to data compiled by Bloomberg. Now the organization says it will keep pumping as much as it does now -- about 31.5 million barrels a day -- effectively endorsing limitless output.

The oversupply has sent the price of Brent, a global oil benchmark, to a six-year low, triggering the worst slump in the energy sector since the 2008 world financial crisis. It’s cut the profits of major oil companies such as Exxon Mobil Corp. and BP Plc in half while crude-rich countries such as Mexico and Russia have watched their currencies plunge and their coffers shrink.

The oversupply is likely to continue in the new year. Iran, for years under sanctions related to its nuclear program, has promised to lift its production to as much as 4 million barrels a day by the end of 2016, up from about 3.3 million barrels a day currently.

more

OPEC Opts for No Limits After Marathon Meeting - Bloomberg Business

I'll get mine from overseas then. Actually the price of crude is almost not relevant to the price at the pump. It is all the taxes and fees and profit. Note that when oil was in excess of $100bbl we didn't pay over $1.30 , now oil is around $42 and we are still paying over $1.oo

okay........

Thats a fact. When was the last time a lefty used common sense?

 

[AnnaG]

Nuts. Too many people use common sense. Not enough people use good sense.

 

[damngrumpy]

The Canadian economy is inter linked and we should not be smug about one part of
the country suffering. The problem is the people did not prepare for the lean times
they knew would one day come. A resource economy without diversity is a recipe for
disaster and that is what happened. Then we have some blaming the current
government for something the former government failed to do Plan Ahead.
No I am not joyful about the problems of Alberta as a Canadian they are my problems
too. We should stop looking for blame and together begin to look for solutions to a
myriad of problems we have in this country

 

[B00Mer]

www.youtube.com/watch?v=RYOLsennuQc

So how do you feel about the Alberta NDP after watching this video...???

Nuts. Too many people use common sense. Not enough people use good sense.

You're just full of platitudes today.. :lol:

 

[55Mercury]

so why all the mentalfuss? it's all just part and parcel of the grand plan of facilitating the means to put boots on the ground... anyone notice interest rates creeping up? the money squeeze is on... also designed to help people into their government issued boots... just ask darkbeliever and megahootz. sad part is it's true. the enemy that would lop the heads off our bankers with glee must be defeated. also sad is I agree. no one is indispensable in that cause and to that end.

 

[Curious Cdn]

The only reason Alberta suffers is because Ontario and Quebec are have not Provinces.

This is a permanent stae of affairs, is it? I really wish that you would research that whole thing before you post any more of that blather.

 

[Ludlow]

Keep living in denial MHz..

20 Billion has been pulled from Alberta since Notely has been elected..

"Capital strike": Alberta loses $20B in capital investment after NDP budget, Trudeau election - The Rebel

100,000 + jobs have been lost this year alone.

Taxes and Carbon Taxes will cost each Albertan $1000 + per year more.

Notley has put Alberta into a further $6 Billion dollar deficit and Moodys has downgraded Alberta's Credit Rating.

Maybe if you stagger up out of your mothers basement and see what's really happen in the world around you once in a while, you would realize Alberta already is a Have-Not Province.

<counts the mothers basement catch phrase. any thoughts on your own guys?

 

[mentalfloss]

Cool. Lots of people losing jobs and a gov't that wants everyone to freeze while power plants are shut down. Go Dippers! rah rah rah

Conbots are short sighted.

Jobs lost in the energy sector are going to happen until they transition to renewables.

 

[CDNBear]

Jobs lost in the energy sector are going to happen until they transition to renewables.

Where is this transition plan?

 

[mentalfloss]

Where is this transition plan?

In 60 days.

 

[CDNBear]

In 60 days.

So you admit there isn't one.

Good for you.

Do you also admit that's a terrible way to govern?

 

[B00Mer]

<counts the mothers basement catch phrase. any thoughts on your own guys?

You mean Ontario, now that I'm living in the fine Province of ONterrible?

When's the next provincial election? I'm not voting Liberal.

 

[AnnaG]

You're just full of platitudes today.. :lol:

That is hardly surprising. Brand new ideas are exceedingly singular. One might even say anomalous or extraordinary.

Conbots are short sighted.

Jobs lost in the energy sector are going to happen until they transition to renewables.

It would help if the morons pushing the transition used reason instead of capriciousness to do so. Perhaps if THEY stood the chance of sacrificing a lot they may think twice about implementing thoughtless nonsense.

 

[mentalfloss]

So you admit there isn't one.

Good for you.

Do you also admit that's a terrible way to govern?

There's a plan already in Alberta.

It was revealed a few weeks ago.

There's a national plan in 60 days.

There are no conservative leaders left to oppose.

Enjoy!

 

[Bar Sinister]

Alberta had 40 plus years of PC government and almost every one of those governments had a chance to plan for the future. The fact that they did not and that Alberta voters kept on electing them is at the root cause of the current problem. Anyone with a knowledge of the history of oil prices could have predicted this downturn. Unfortunately, it is the job of the current government to deal with the economic mess left by the previous administrations.

The graph below illustrates just how easy it was to predict the current low oil price crisis.

 

[Retired_Can_Soldier]

The reason for the low prices has nothing to do with your silly graphs or armchair quarterbacking and everything to do with Apec opening up the taps and flooding the market with cheap oil. They are doing this to try and drive their competitors into the ground so that they can again hold the world oil prices hostage. Part of their reasoning is because the United States, under a left wing Democratic Government, has been fracking the living crap out of everything and is no longer dependent on foreign oil.

I love when people hold up graphs and say, "See! See! Alberta voters should have known!"

Nobody saw this bust coming. This is nothing like any of the slowdowns from the past, but the typical extreme Lefty, much like the a$$hole who started the Op, can't see past their narrow minded hate of the right.

At least some on the left like Damngrumpy get it. A crash in Alberta will affect the entire country, I know a lot of folks from the East Coast that are now very in a lot of trouble, because they depended on those Alberta jobs to support their families. And they did not go there out of greed. In the truck driving industry from NS, PEI to Newfoundland, drivers work 4 on 4 off at an hourly rate that varies between 14 and 18 dollars an hour. That is why they come to Alberta, because the wages in these places are garbage and the work is part time. That is what started happening in Ontario, and that is why I left.

Dance for joy all you want, gloat like a motherFer, but this will affect all of Canada.