On Guard for Thee Posted September 28, 2015 Report Posted September 28, 2015 Right now? $50-$60 oil is here to stay. What is Harper's plan to adjust to this probability?According to various forecasts, including Goldman Sachs, the 50/60 dollar level may be wishful thinking. Quote
cybercoma Posted September 28, 2015 Report Posted September 28, 2015 According to various forecasts, including Goldman Sachs, the 50/60 dollar level may be wishful thinking. GS is forecasting $20/barrel by the end of the year. Quote
msj Posted September 29, 2015 Report Posted September 29, 2015 It's funny how people can say these kinds of things with a straight face. Up until the day oil started plummeting, everyone was saying that "$100 oil is here to stay". Right before the real estate bubble burst, people were saying housing prices can only go up. Etc. Anyone who thinks they know what the future will bring is fooling only themselves. This. Not understanding this, or, rather, understanding just how limited we are, is so important in life. 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
angrypenguin Posted September 30, 2015 Report Posted September 30, 2015 Right now? $50-$60 oil is here to stay. What is Harper's plan to adjust to this probability?I can't stand how some people don't understand the facts. Go look up the amount of revenue oil brings into this country versus other industries. http://www.nrcan.gc.ca/publications/key-facts/16013 Sometimes I wish people would research before spewing out party lines. Quote My views are my own and not those of my employer.
ReeferMadness Posted September 30, 2015 Report Posted September 30, 2015 I can't stand how some people don't understand the facts. Go look up the amount of revenue oil brings into this country versus other industries. http://www.nrcan.gc.ca/publications/key-facts/16013 Sometimes I wish people would research before spewing out party lines. You have a point? Quote Unlimited economic growth has the marvelous quality of stilling discontent while preserving privilege, a fact that has not gone unnoticed among liberal economists. - Noam Chomsky It is difficult to get a man to understand something, when his salary depends on his not understanding it. - Upton Sinclair
angrypenguin Posted September 30, 2015 Report Posted September 30, 2015 You have a point? Yeah, that people who keep on saying things like..."Harper put all his eggs in the oil industry" are incorrect. Because, well, no, he didn't. Quote My views are my own and not those of my employer.
ReeferMadness Posted September 30, 2015 Report Posted September 30, 2015 Yeah, that people who keep on saying things like..."Harper put all his eggs in the oil industry" are incorrect. Because, well, no, he didn't. And you think those people meant that Harper went around and personally shut down all the other industries? Quote Unlimited economic growth has the marvelous quality of stilling discontent while preserving privilege, a fact that has not gone unnoticed among liberal economists. - Noam Chomsky It is difficult to get a man to understand something, when his salary depends on his not understanding it. - Upton Sinclair
angrypenguin Posted September 30, 2015 Report Posted September 30, 2015 And you think those people meant that Harper went around and personally shut down all the other industries? Huh? Quote My views are my own and not those of my employer.
ToadBrother Posted September 30, 2015 Author Report Posted September 30, 2015 Yeah, that people who keep on saying things like..."Harper put all his eggs in the oil industry" are incorrect. Because, well, no, he didn't. No, but he did chain the Tories' political fortunes in no small part to oil, and Keystone XL and crashing oil prices are now a weight around the Tories. Quote
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