bush_cheney2004 Posted March 2, 2011 Report Posted March 2, 2011 Not about Canada in particular because we aren't big enough to make much of a dent in an economy the size of the US. However, with the Canuck buck pushing $1.03 US with the US economy being in tough shape, conditions are better for Canadian acquisition of US companies than they have been in a long time. Right...it was a rhetorical question. Canadians of means are snapping up residential property in warm, sunny US climes as well. It is a great time to do so. http://www.moneyville.ca/article/901111--why-canadians-are-scooping-up-florida-real-estate Quote Economics trumps Virtue.
M.Dancer Posted March 2, 2011 Report Posted March 2, 2011 Right...it was a rhetorical question. Canadians of means are snapping up residential property in warm, sunny US climes as well. It is a great time to do so. http://www.moneyville.ca/article/901111--why-canadians-are-scooping-up-florida-real-estate And some canadians of means are trying to unload their beach front property as well....some thought that real estate could never be wrong...every investment carries risk, even R.E..even gold... But seriously, I know two families, one trying to sell their deceased parents condo in Palm Springs and another couple whop have retired and considered their gulf coast property their personal retirement fund...neither can sell for what they feel it is worth and even then, the buyers of half million vacation homes are fewer than the homes available. In the end, greed will win... Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
bush_cheney2004 Posted March 2, 2011 Report Posted March 2, 2011 ....In the end, greed will win... Gee...what a party pooper! Quote Economics trumps Virtue.
GWiz Posted March 2, 2011 Report Posted March 2, 2011 Gee...what a party pooper! You sound disappointed... Quote There are none so blind, deaf and dumb as those that fail to recognize, understand, and promote TRUTH...- GWiz
M.Dancer Posted March 2, 2011 Report Posted March 2, 2011 Gee...what a party pooper! Really? Greed is good. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
pfezziwig Posted March 4, 2011 Report Posted March 4, 2011 Who cares about reasons for oils price rises. Invest in Western Canadian's oil sector, then you'll cheer when the media mention their latest reason for rising oil prices, I hope the middle east blows up, I'll make a fortune then with my stable and secure canadian oil producers. Quote Healthcare Reviews , rate your doctor, dentist, hospital and more
GostHacked Posted March 6, 2011 Report Posted March 6, 2011 Who cares about reasons for oils price rises. Invest in Western Canadian's oil sector, then you'll cheer when the media mention their latest reason for rising oil prices, I hope the middle east blows up, I'll make a fortune then with my stable and secure canadian oil producers. Yeah who cares about what drives oil prices. Who wants to be informed anyways? Or is this a stance of willful ignorance so when the gas prices do rise to the point where it becomes to costly to fill your tank, then you ask .. hmm why do gas prices keep rising? Will your investments and future profits be large enough to counter those costs? Quote
Moonlight Graham Posted March 6, 2011 Report Posted March 6, 2011 When the Libya crisis first hit, Saudi Arabia said it would make up for any loss in production/exports from Libya. Yet the prices still went up. Huh? Yuppers, never waste a good crisis. Quote "All generalizations are false, including this one." - Mark Twain Partisanship is a disease of the intellect.
msj Posted March 6, 2011 Report Posted March 6, 2011 When the Libya crisis first hit, Saudi Arabia said it would make up for any loss in production/exports from Libya. Yet the prices still went up. Huh? Yuppers, never waste a good crisis. Why Saudi Arabia can no longer temper oil prices Confidential cables from the U.S. embassy in Riyadh recently released by Wikileaks confirm what skeptics like the late Matt Simmons long suspected. Saudi Arabia, OPEC’s biggest producer, and the country holding the world’s largest oil reserves, has little more to give.Transcripts of conversations between embassy personnel and Sadad al-Husseini, former executive vice-president in charge of exploration and production at Saudi Aramco, make it clear that neither the country’s oil reserves nor its production capacity can be believed. Instead of the 12 million to 12.5 million barrels a day of official capacity, Saudi Arabia is barely able to pump out between eight million and nine million. Production is still below where it was in the 1970s, and Saudi Arabia has ceded ground to Russia as the world’s largest oil producer. (Curiously, the IEA continues to forecast that the tapped-out Saudi oil sector will pump out 14.6 million barrels a day by 2035.) Quote If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist) My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx
maple_leafs182 Posted March 6, 2011 Report Posted March 6, 2011 Who cares about reasons for oils price rises. Invest in Western Canadian's oil sector, then you'll cheer when the media mention their latest reason for rising oil prices, I hope the middle east blows up, I'll make a fortune then with my stable and secure canadian oil producers. The economy wouldn't be able to function without oil from the middle east. The economy can't function at $150 a barrel oil. If oil continues to rise the global economy will collapse. Quote │ _______ [███STOP███]▄▄▄▄▄▄▄▄▄▄ :::::::--------------Conservatives beleive ▄▅█FUNDING THIS█▅▄▃▂- - - - - --- -- -- -- -------- Liberals lie I██████████████████] ...◥⊙▲⊙▲⊙▲⊙▲⊙'(='.'=)' ⊙
bush_cheney2004 Posted March 6, 2011 Report Posted March 6, 2011 The economy wouldn't be able to function without oil from the middle east. The economy can't function at $150 a barrel oil. If oil continues to rise the global economy will collapse. This is false...the world's hydrocarbon economy can't function without access to oil supplies, regardless of price. Another vastly different economy would emerge. Quote Economics trumps Virtue.
maple_leafs182 Posted March 6, 2011 Report Posted March 6, 2011 This is false...the world's hydrocarbon economy can't function without access to oil supplies, regardless of price. Another vastly different economy would emerge. I agree, but our current economy wouldn't be able to function properly, we would slip into a depression. Quote │ _______ [███STOP███]▄▄▄▄▄▄▄▄▄▄ :::::::--------------Conservatives beleive ▄▅█FUNDING THIS█▅▄▃▂- - - - - --- -- -- -- -------- Liberals lie I██████████████████] ...◥⊙▲⊙▲⊙▲⊙▲⊙'(='.'=)' ⊙
bush_cheney2004 Posted March 6, 2011 Report Posted March 6, 2011 I agree, but our current economy wouldn't be able to function properly, we would slip into a depression. It would function just fine....scarcity and demand would make energy alternatives more economically viable. There was no such depression in the 1970's under similar circumstances....just another recession. Quote Economics trumps Virtue.
jbg Posted March 6, 2011 Report Posted March 6, 2011 Gas and oil prices are up again because of the situation in the Middle-East but Libya only supplies 2% of the world's supply and I can't help but wonder if this was planned by OPEC or others. What's happening here is not only Libya. The market is pricing in the possibility of disruptions in Iran (also being bloodily suppressed), Yemen (not an oil producer but astride important shipping lanes from the Red Sea to the Indian Ocean, Algeria and possibly Saudi Arabia. If this were just Libya no one would notice. But there is a lot more at work here than Libya. Big oil has always had some control (or more control than we care to admit or acknowledge) over the economy. Never let a crisis go to waste. Price of oil goes up, and the oil companies laugh all the way to the bank. And we all pay for it. People weren't saying that when gasoline crashed in the U.S. from $4.49 per gallon to $1.89 per gallon between July and December 2008. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
jbg Posted March 6, 2011 Report Posted March 6, 2011 No surprise there... Wouldn't it be nice if Canada had a DOMESTIC gas price like every other oil exporting country in the world? Ooops, Canada can't do that while Mexico can (Mexican gas is $2.70 a gallon) because Moroney gave the US the say over what Canada can/has to charge for it's own gas... Item 11 in NAFTA... And do you want to pay for those subsidies, nationwide, out of your pocket. It's little known that Mulroney repealed NAFTA when Canada was going to have to pay Alberta subsidies to make up for the crashing crude prices after the 1980-1 peak. Subsidies come dear. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
Jack Weber Posted March 6, 2011 Report Posted March 6, 2011 When the Libya crisis first hit, Saudi Arabia said it would make up for any loss in production/exports from Libya. Yet the prices still went up. Huh? Yuppers, never waste a good crisis. Interesting,is'nt it?? I pointedthis exact thing out earlier in this thread... One should really question this.. If it took a potential loss of 2% of oil production to make the Saudi's (and probably other OPEC producers) increase production,why could'nt they do this earlier?? I mean,oil prices were slowly rising before the Libyan crisis,right? It makes one wonder if the whole global oil market is'nt rigged by those who have the means to control the supply to take financial advantage of the demand?? Quote The beatings will continue until morale improves!!!
SF/PF Posted March 6, 2011 Report Posted March 6, 2011 Interesting,is'nt it?? I pointedthis exact thing out earlier in this thread... One should really question this.. If it took a potential loss of 2% of oil production to make the Saudi's (and probably other OPEC producers) increase production,why could'nt they do this earlier?? I mean,oil prices were slowly rising before the Libyan crisis,right? It makes one wonder if the whole global oil market is'nt rigged by those who have the means to control the supply to take financial advantage of the demand?? Increasing oil production isn't as easy as opening another valve. A 2% global increase in production to offset Libya's lost production is really a lot to ask for. Quote Your political compass Economic Left/Right: -4.88 Social Libertarian/Authoritarian: -6.15
jbg Posted March 6, 2011 Report Posted March 6, 2011 Increasing oil production isn't as easy as opening another valve. A 2% global increase in production to offset Libya's lost production is really a lot to ask for. More than that Saudi's crude isn't as productive of gasoline as Libyan crude is. Also, I doubt that Saudi Arabia can easily or quickly tap the alleged spare capacity. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
SF/PF Posted March 6, 2011 Report Posted March 6, 2011 More than that Saudi's crude isn't as productive of gasoline as Libyan crude is. Also, I doubt that Saudi Arabia can easily or quickly tap the alleged spare capacity. Modern refineries are capable of producing transport fuels out of what would have been heavy residual oils in the past via cracking and reforming units. But yeah, in general, refineries are built to convert a specific type of feedstock into whatever combination of refined products is the most profitable in a specific market area. Modifying a refinery to accept different feedstock can cost billions. Quote Your political compass Economic Left/Right: -4.88 Social Libertarian/Authoritarian: -6.15
maple_leafs182 Posted March 7, 2011 Report Posted March 7, 2011 Oil prices are rising because the US dollar that is used to buy oil is being devalued as a result of programs such as QE2. Libya has little to do with the rise in oil prices. Oil prices were rising prior to Libya's protests along with other commodity prices. Quote │ _______ [███STOP███]▄▄▄▄▄▄▄▄▄▄ :::::::--------------Conservatives beleive ▄▅█FUNDING THIS█▅▄▃▂- - - - - --- -- -- -- -------- Liberals lie I██████████████████] ...◥⊙▲⊙▲⊙▲⊙▲⊙'(='.'=)' ⊙
Jack Weber Posted March 7, 2011 Report Posted March 7, 2011 (edited) Oil prices are rising because the US dollar that is used to buy oil is being devalued as a result of programs such as QE2. Libya has little to do with the rise in oil prices. Oil prices were rising prior to Libya's protests along with other commodity prices. If that's the case,I wonder how long OPEC will use the US dollar to price its oil globally? Edited March 7, 2011 by Jack Weber Quote The beatings will continue until morale improves!!!
GWiz Posted March 8, 2011 Report Posted March 8, 2011 If that's the case,I wonder how long OPEC will use the US dollar to price its oil globally? Hmmm, I wonder, could Oil SPECULATORS be the reason for the cost rises related to not only the price at the pump but a substantial RISE in almost anything you'd care to mention? You know all those 1% ers, AND their "puppet" Governments that have most of the money to be able to manipulate just about anything they want to manipulate... All in the name of FREEDOM (for themselves) of course... Quote There are none so blind, deaf and dumb as those that fail to recognize, understand, and promote TRUTH...- GWiz
SF/PF Posted March 8, 2011 Report Posted March 8, 2011 If that's the case,I wonder how long OPEC will use the US dollar to price its oil globally? It really depends on how many producers have a stake in keeping the US economy solvent, I suppose. The only thing the US has going for it, frankly, is that the US dollar is still the global financial currency. Quote Your political compass Economic Left/Right: -4.88 Social Libertarian/Authoritarian: -6.15
GostHacked Posted March 8, 2011 Report Posted March 8, 2011 Oil prices are rising because the US dollar that is used to buy oil is being devalued as a result of programs such as QE2. Libya has little to do with the rise in oil prices. Oil prices were rising prior to Libya's protests along with other commodity prices. That is indeed part of it. Quote
GostHacked Posted March 8, 2011 Report Posted March 8, 2011 If that's the case,I wonder how long OPEC will use the US dollar to price its oil globally? Until the greenback crashes. Or until there is a global currency (kind of like the Euro for the European Union). Quote
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