PIK Posted February 2, 2015 Report Share Posted February 2, 2015 10 yrs to get credit for medak. What a joke that was. 50 canadians stake on 2500 croats with armour and kick their ass. But the liberals were to ashamed to say anything. There is a good show all about that. Where the soldiers would not say anything about it, because people thought they were full of sh** ,because even the MSM would not report it. But anyways what is trudeau going to do, show some guts and stick with what he believes and that is no military help for anyone or going to agree with harper just to get votes? We always have known what harper wants to do, because he does what he say he will, but trudeau, we will see. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted February 3, 2015 Report Share Posted February 3, 2015 I'll hold you to that. Only to see if you're wrong and if you'll admit it. By all means: Crude oil prices continued their rally Tuesday, with West Texas Intermediate moving above $50 per barrel on signs of more cuts in corporate spending. Quote Link to comment Share on other sites More sharing options...
Bonam Posted February 4, 2015 Report Share Posted February 4, 2015 Not only $50-60 per barrel but I bet within the year oil will be back up to $80+. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted February 4, 2015 Report Share Posted February 4, 2015 Not only $50-60 per barrel but I bet within the year oil will be back up to $80+. The Saudis are in control. Dont hold your breath waiting for anything above 45. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted February 4, 2015 Report Share Posted February 4, 2015 (edited) The Saudis are in control. Dont hold your breath waiting for anything above 45. It closed over $50 today......... Edited February 4, 2015 by Derek 2.0 Quote Link to comment Share on other sites More sharing options...
Bonam Posted February 4, 2015 Report Share Posted February 4, 2015 The Saudis are in control. The Saudis do have considerable influence over oil prices, yes. And they benefit more than anyone from them being high. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted February 4, 2015 Report Share Posted February 4, 2015 Not only $50-60 per barrel but I bet within the year oil will be back up to $80+. I'm predicting $80 by Summer.... Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted February 4, 2015 Report Share Posted February 4, 2015 The Saudis do have considerable influence over oil prices, yes. And they benefit more than anyone from them being high. Of course they do, because their costs are so low comparatively. They will keep prices low to maintain marketshare. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted February 4, 2015 Report Share Posted February 4, 2015 Of course they do, because their costs are so low comparatively. They will keep prices low to maintain marketshare. Ahhh no, if prices stay too low (which they aren't) the Kingdom will go bankrupt........ Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted February 4, 2015 Report Share Posted February 4, 2015 Ahhh no, if prices stay too low (which they aren't) the Kingdom will go bankrupt........ Ever checked into the kingdoms reserves. They wont go bankrupt for many many years. The new king just handed out 50 billion as a bit of a greeting to the folks upon taking the throne, and thats chump change for him. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted February 4, 2015 Report Share Posted February 4, 2015 Ever checked into the kingdoms reserves. They wont go bankrupt for many many years. The new king just handed out 50 billion as a bit of a greeting to the folks upon taking the throne, and thats chump change for him. Have You? While Saudi Arabia has been the staunchest advocate of not scaling back oil production within OPEC, the kingdom needs a high oil prices to fund public sector employees’ salaries and public programs. The International Money Fundestimates Saudi Arabia needs oil to sell for $106 per barrel in 2015. While the low price has cost the economy $178 billion, Saudi Arabia has enough cash reserves to sit on low oil prices for a while, and can outlast other, smaller nations. Some have speculated that the Saudis are purposefully producing excess oil at a loss to thin the competition. Saudi Arabia and the other OPEC Petro-Nations (Including the Russians) can't survive on low prices....... Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted February 4, 2015 Report Share Posted February 4, 2015 Have You? Saudi Arabia and the other OPEC Petro-Nations (Including the Russians) can't survive on low prices....... Saudi has about 750 billion in reserve. And their costs are down around 40 a barell, and they can cut the payments to the public whenever they want or need. Yep, they can last quite a while. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted February 4, 2015 Report Share Posted February 4, 2015 You are right though, Russia will suffer big time, more than us in the west, but in any case we cannot let Saudi go down. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted February 4, 2015 Report Share Posted February 4, 2015 Saudi has about 750 billion in reserve. And their costs are down around 40 a barell, and they can cut the payments to the public whenever they want or need. Yep, they can last quite a while. The Kingdom has $750 Billion in foreign currency reserves…….what do you think happens to the value of those reserves when said currency goes in the crapper? Also, the Saudi’s might be able to extract and refine oil cheaply, but (as mentioned in the link I posted) the Kingdom will require a per bbl price of over $100 to stay out of deficit……..and no, the Kingdom can’t cut their welfare state whenever they like, for if they did, the Saudi Royal family would be the next group on Youtube wearing orange jumpers getting their heads lopped off…….. The Saudis can’t sustain themselves for “quite a while”, they’re gambling they can sustain themselves longer than other Petro nations………which of course is moot, with the per bbl price rebounding ~20% in four business days……..your prediction of oil sticking at $45/bbl has already come and gone, likewise your opinions (regurgitated media “analysis” by the same minds that suggested the price of oil would further decline or stay in the low $40/bbl range for “quite a while”) of Saudi Arabia’s ability to sustain “cheap oil”...... Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted February 4, 2015 Report Share Posted February 4, 2015 You are right though, Russia will suffer big time, more than us in the west, but in any case we cannot let Saudi go down. Russia also has foreign currency reserves, and nuclear weapons and a working relationship with a bunch Shia Muslims that don't like the Kingdom or the other Arab OPEC nations........ Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted February 4, 2015 Report Share Posted February 4, 2015 Russia also has foreign currency reserves, and nuclear weapons and a working relationship with a bunch Shia Muslims that don't like the Kingdom or the other Arab OPEC nations........ Just who do you think is controlli the price of oil just now, it aint us and it sure as hell isnt the Russians. Who does that leave. Saudi has that money as in the bank as can be. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted February 4, 2015 Report Share Posted February 4, 2015 Just who do you think is controlli the price of oil just now, it aint us and it sure as hell isnt the Russians. Who does that leave. Saudi has that money as in the bank as can be. The free market........and that is why the price is rising, despite the Saudi's attempt to flood it. Quote Link to comment Share on other sites More sharing options...
Bonam Posted February 4, 2015 Report Share Posted February 4, 2015 (edited) Just who do you think is controlli the price of oil just now See there's this thing called supply and demand. And on top of that, there's a layer of speculation in the oil futures markets. Supply is contributed to by a bunch of countries: http://en.wikipedia.org/wiki/List_of_countries_by_oil_production No single country controls more than 14% of oil supply, and Saudi Arabia isn't even #1. In fact, their contribution to world oil supply is roughly equal to that of the US. Demand is the total demand from all countries in the world, and the US has the greatest influence there, followed by China: http://en.wikipedia.org/wiki/List_of_countries_by_oil_consumption And speculation primarily happens in the world's largest financial markets / futures exchanges... including the US, the UK, China, Japan, Germany, etc. Varying levels of "control" over oil prices can be exerted by manipulating any of these three factors: supply, demand, and speculation. Given that the US is within a few % of being the #1 oil producer, is the #1 source of oil demand, and is home to the highest volume oil futures exchanges, I would conclude that, as nations go, the greatest influence over the price of oil is exerted by the US. Edited February 4, 2015 by Bonam Quote Link to comment Share on other sites More sharing options...
PIK Posted February 5, 2015 Report Share Posted February 5, 2015 It seems now trudeau has upset more liberals. It seems that a lot of supporters wanted him to go with fighting terrorist and not go for the new bill. I guess he got it back wards. But it was nice to see him do his Obama impression by reading off of the teleprompter, no more speaking off the cuff. lol Quote Link to comment Share on other sites More sharing options...
jbg Posted February 6, 2015 Report Share Posted February 6, 2015 It seems now trudeau has upset more liberals. It seems that a lot of supporters wanted him to go with fighting terrorist and not go for the new bill. I guess he got it back wards. But it was nice to see him do his Obama impression by reading off of the teleprompter, no more speaking off the cuff. lolPretty boy can't think for himself? Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted February 6, 2015 Report Share Posted February 6, 2015 It seems now trudeau has upset more liberals. It seems that a lot of supporters wanted him to go with fighting terrorist and not go for the new bill. I guess he got it back wards. But it was nice to see him do his Obama impression by reading off of the teleprompter, no more speaking off the cuff. lol Without a teleprompter or a list of talking points, Harper would be lost. Ive been very clear Mr Speaker, wah wah wah wah wah. Mind numbing. Quote Link to comment Share on other sites More sharing options...
Keepitsimple Posted February 6, 2015 Author Report Share Posted February 6, 2015 Without a teleprompter or a list of talking points, Harper would be lost. Ive been very clear Mr Speaker, wah wah wah wah wah. Mind numbing. You're delusional. Have you ever seen the wide-ranging discussions that Harper has with American business? Have a look at this hour-long, free-ranging discussion with the Council on Foreign Relations and see if you can find a teleprompter anywhere or following "mind numbing" talking points. Now.....imagine Justin Trudeau trying to field the same questions. Really - try and imagine it.....scary thought, isn't it? Link: Quote Link to comment Share on other sites More sharing options...
GostHacked Posted February 6, 2015 Report Share Posted February 6, 2015 The free market........and that is why the price is rising, despite the Saudi's attempt to flood it. Why is the price rising? What factors of this free market are allowing that to happen? See there's this thing called supply and demand. And on top of that, there's a layer of speculation in the oil futures markets. But the current supply is way more than the demand. If anything the price should be going lower. I smell collusion behind the scenes. Both the US and Canada were worried about low oil prices and the slow down in the oil extraction in North America. They could not afford to take it out of the ground for that low price. So guess what happens now. It should go up a lot higher than what we saw before. My stupid prediction is 1.50/L when the summer hits. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted February 6, 2015 Report Share Posted February 6, 2015 You're delusional. Have you ever seen the wide-ranging discussions that Harper has with American business? Have a look at this hour-long, free-ranging discussion with the Council on Foreign Relations and see if you can find a teleprompter anywhere or following "mind numbing" talking points. Now.....imagine Justin Trudeau trying to field the same questions. Really - try and imagine it.....scary thought, isn't it? Link: Not scary at all. I have heard interviews with JT on various radio shows and hes quite articulate. Ever listen to Harper in QP. Mind numbing talking points. Quote Link to comment Share on other sites More sharing options...
PIK Posted February 6, 2015 Report Share Posted February 6, 2015 And we have heard trudeau many times make no sense at all, which is most of the time. Quote Link to comment Share on other sites More sharing options...
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