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Derek 2.0

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Everything posted by Derek 2.0

  1. I never said the price of oil didn't effect our economy........The drop in the Canadian dollar, like the Euro, is a direct result of the growth of the US economy.........
  2. No, as I said, the US economy is growing, well keeping inflation below 2%, as such, the US dollar is increasing in value, decreasing the recent value of Canadian and other World currencies when traded against the Greenback......
  3. As I already said, its relative to the US dollar/economy as its been historic....
  4. Operational security I should think........they don't want all the would terrorist supporters knowing their fancy tricks....
  5. No, I never said that........what is the US dollar doing in contrast and what currency is the price of oil measured against?
  6. I'll start to worry once the larger oil companies start cutting dividends..........currently, Suncor's trading price is +/- 3% of what it was this time last year....
  7. Stick your head out the window and listen for a high pitch buzz of a drone.......the black choppers are on whisper mode mind you though
  8. I don't know.....I was just surprised that these Liberals are open to.......of course, the prior Liberal Governments had no problem bringing in anti-terror legislation post 9/11.
  9. Right.......some will stay on EI versus making buckets of cash in the patch.......
  10. Exactly......I doubt it will rebound to ~$100 bbl by Summer, but $70-80 is plausible once Spring-Summer driving starts.......Interesting that you mention Cenovus ( I have a relative working for them), they're expected to pause some of their projects in Southern Alberta short-term, but keep buggering on up North....
  11. Not at all, but then, I don't fear for them either..........why is are dollar so low? Because the Americans economy is improving, and in turn, inflating the value of their currency, as its done historically.
  12. How long are their EI claims good for? 9 months? I doubt inside 9 months we'll have replaced oil.........
  13. Good, because the plight of others is a common theme among resource based, cyclic industries........The joke though is your claim that all our economic eggs are in one basket.......because 8% of Canada's GDP stems from the oil and gas industries.
  14. Right, all the more reason for the anti-Harper crowd to get out and vote NDP......
  15. No, it has not........quote where you claim neither country had a Government........
  16. Clearly, as 8% of our economic eggs are in the same basket
  17. Then you should have no trouble quoting it.......
  18. It appears the Liberals will support the new anti-terror legislation on condition: I suppose the Liberals are understanding that most Canadian voters actually do support action against terror.......
  19. Quote where I stated those nations didn't have a government.........I don't expect you to, as its a false projection on your part.
  20. Yeah, the oil and gas sector makes-up a whopping 8% of Canada's GDP..........quite the contrast to your eggs in one basket meme, a clear indication that you don't understand how the economy works.......... Oil and gas is clearly a peaks and valleys industry and will rebound, and tanks in a near cyclic fashion ...........you can quote and bookmark, but I'll predict $70-80 per bbl by late Spring- early Summer.....fore one thing is certain, the World runs on oil and the "glut" of one million bbl production won't last.......... 8% of a nations GDP hardly makes an all eggs in one basket economy
  21. Tell them what? That the last time oil dropped this much, in such a drastic fashion (2009), that it rebounded within 6 months? None the less, your emotional rantings aside, the oil and gas sector only makes up 8% of our economy.......hardly all the eggs in one basket as you suggest
  22. Bravo, you linked to a passage of you stating: Well done!!!
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