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Crude oil drops to $46, time for Canada to lower interest rate

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  • Jan 9th, 2019 3:32 pm
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webshark wrote:
Dec 20th, 2018 9:29 am
What happens if you put a paper bag on your head for 15 minutes?
you get the type of response he is posting now.
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toalan wrote:
Dec 18th, 2018 5:17 pm
Nobody wants our tar sands oil, Alberta is a giant make work project. Oil projects will get a bailout, then they will cut and run leaving the cleanup to the government and then the government will have another make work project to clean up the mess.

If I was the government, I would put a refinery in Alberta and designate that province as a special zone where you can store toxic waste and have environmentally unfriendly industries. If Albertains want to frack; they can, if they want to set fire to the forest; they can, if they want to dump raw sewage into lakes; they can.
pretty much this. Last I checked, the tar sands are one of the worst sources of oil environmentally speaking. Its the last choice of oil for almost every country aside from china. These albertans think the government should solve all there problems...even forcing the federal government to buy a pipeline from a private company. Then they start crying about socialism lmao. Even with all the rubbish about pipelines, the price of oil is rock bottom right now. Theres plenty of it everywhere in the world, and thats even with OPEC production cuts.

If you want a pipeline so bad, then negotiate with BC directly instead of getting butt hurt. Also, build one of those refineries that can process heavy crude, and ship that out to the rest of canada. We will pay market price for the finished product, which is 4 times as much as what Alberta is getting right now. Side benefit for the rest of Canada is that we get off the DIRT bag saudi arabian oil once and for all, and we can cut all ties with those SOBs.
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blaznazn22 wrote:
Dec 23rd, 2018 11:52 am
pretty much this. Last I checked, the tar sands are one of the worst sources of oil environmentally speaking. Its the last choice of oil for almost every country aside from china. These albertans think the government should solve all there problems...even forcing the federal government to buy a pipeline from a private company. Then they start crying about socialism lmao. Even with all the rubbish about pipelines, the price of oil is rock bottom right now. Theres plenty of it everywhere in the world, and thats even with OPEC production cuts.

If you want a pipeline so bad, then negotiate with BC directly instead of getting butt hurt. Also, build one of those refineries that can process heavy crude, and ship that out to the rest of canada. We will pay market price for the finished product, which is 4 times as much as what Alberta is getting right now. Side benefit for the rest of Canada is that we get off the DIRT bag saudi arabian oil once and for all, and we can cut all ties with those SOBs.
Wow, the dis- and mis-information is strong in this one. :facepalm:

From telling us what the markets are to erroneously stating that Albertans pushed for nationalization of TMX to suggesting that demand for oil is static or dropping, to raising the overly-simplistic idea of refining in Alberta (given Bill C69, who is going to take the risk of such a project that will takes years to build even if approval could be obtained and how do those refined products get to market?!? STILL need pipelines), there's plenty for you to update yourself on.

As I've said before, it's no wonder that Canada has become so dysfunctional when there are so many people who believe what you've written here and have little recognition of the contributions of Canada's number one export to their own well-being and standard of living in favour of foreign oil from less-than-stellar suppliers. What kind of Bizarro World are we living in?
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Conquistador wrote:
Dec 23rd, 2018 1:59 pm
Wow, the dis- and mis-information is strong in this one. :facepalm:

From telling us what the markets are to erroneously stating that Albertans pushed for nationalization of TMX to suggesting that demand for oil is static or dropping, to raising the overly-simplistic idea of refining in Alberta (given Bill C69, who is going to take the risk of such a project that will takes years to build even if approval could be obtained and how do those refined products get to market?!? STILL need pipelines), there's plenty for you to update yourself on.

As I've said before, it's no wonder that Canada has become so dysfunctional when there are so many people who believe what you've written here and have little recognition of the contributions of Canada's number one export to their own well-being and standard of living in favour of foreign oil from less-than-stellar suppliers. What kind of Bizarro World are we living in?
You build a refinery to process your oil and I'm sure that BC will be willing to build a pipeline. That's a good way to negotiate imo, instead of whining to the government that bc isn't willing to let you use their land and resources for free. You give them access to a cheaper source of processed refined oil and they will give you a path to the coast. And the way I see it, it's a win win for Alberta since you won't get ripped off from fair market value. Sure it might be expensive but I think it's a good investment overall.
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Alberta only wish WCS is $46/barrel ...it can't even sell today at $14/barrel !
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EdT586 wrote:
Dec 23rd, 2018 7:40 pm
Alberta only wish WCS is $46/barrel ...it can't even sell today at $14/barrel !
Even more misinformation.

WCS closed the other day just over $30. Still not where it needs to be but far from the low and this is without the Alberta government-mandated production cuts due to take effect January 1.
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Low oil prices and a Trudeau government have collectively ravaged Alberta.
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redflagdealsguy wrote:
Dec 26th, 2018 10:47 am
Low oil prices and a Trudeau government have collectively ravaged Alberta.
Are you referencing the pipeline? That was a supreme court case that squashed it because the previous government glossed over the impact on the ocean and the first nations that rely on it. That was the conservatives who pushed to rush it's approval. Government of BC and current Liberal Government didn't really have much to do with it's halt.
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redflagdealsguy wrote:
Dec 26th, 2018 10:47 am
Low oil prices and a Trudeau government have collectively ravaged Alberta.
not to defend Trudeau but the pipeline was botched by the previous Conservative government as well as, the Alberta NDP.

The Cons jumped over legal steps, in hopes nobody would notice and challenge them on it. (obviously, didnt work)
The NDP started behaving like the Chinese government and threatening the rest of Canada with "or else", instead of asking for help or trying to attract support.

2 wrongs, obviously, dont make a right.

Trudeau's fault was for being quiet on the issue too long, and lastly buying the pipeline with tax payer's money, at a premium. Essentially paying a bonus for something that doesnt exist and might never, instead of low balling them. This falls into the idioc that an english class teacher is somehow a good business mind.Not the case.

Alberta got screwed by everyone, including its own leadership as well as the federal (at the time) Conservatives.

Thiscountry has a weak government, and even if it changes in 2019, it will still be a weak government. Nothing will get built or done. too many politicians hands are greased by foreign funds.
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Trudeau's mistake was by going all in with the Trans Mountain Pipeline and cancelling the Enbridge Northern Gateway Pipeline. I would like to think if he had kept both options open, at least one would have been built.
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blaznazn22 wrote:
Dec 23rd, 2018 3:44 pm
You build a refinery to process your oil and I'm sure that BC will be willing to build a pipeline. That's a good way to negotiate imo, instead of whining to the government that bc isn't willing to let you use their land and resources for free. You give them access to a cheaper source of processed refined oil and they will give you a path to the coast. And the way I see it, it's a win win for Alberta since you won't get ripped off from fair market value. Sure it might be expensive but I think it's a good investment overall.
I tend to agree. The current plan was to export barely refined alberta crude to the coast and send it out on boats. Not a lot in it for BC and huge risks to coast. That problem dangle's some carrots and lowers the amount that would be shipped overseas.
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Suppose the federal government starts cracking heads in BC and forces a pipeline through it, so you have a pipeline in a province that does not want a pipeline. It is just going to lead to constant sabotage and will require constant cleanup and security. Ultimately it will turn into a mini Syria.
I workout to get big so I can pickup bricks and ****.
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zod wrote:
Dec 29th, 2018 9:35 pm
I tend to agree. The current plan was to export barely refined alberta crude to the coast and send it out on boats. Not a lot in it for BC and huge risks to coast. That problem dangle's some carrots and lowers the amount that would be shipped overseas.
China is not a reliable stable market IMHO. They say they want bitumen now, but in 5 years they may decide to source their stuff elsewhere.
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toalan wrote:
Dec 30th, 2018 2:25 am
Suppose the federal government starts cracking heads in BC and forces a pipeline through it, so you have a pipeline in a province that does not want a pipeline. It is just going to lead to constant sabotage and will require constant cleanup and security. Ultimately it will turn into a mini Syria.
Probably not tho
Please respond
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mr_raider wrote:
Dec 30th, 2018 11:43 am
China is not a reliable stable market IMHO. They say they want bitumen now, but in 5 years they may decide to source their stuff elsewhere.
One article I was reading said they've already slowed down. Where 5 years ago a large percentage of the oil that makes it to the coast from the existing pipeline a larger percentage when overseas, now barely anything does. It's all being sold to the US. Makes you wonder if there is any demand right now. Given that there's many other places like the middle east and russia that have higher quality oil, and easier transportation methods.

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