nerve Posted October 4, 2015 Report Share Posted October 4, 2015 Goldman Sachs has come out and said 20$ oil is a sane possibility and that tanked oil is very sane future. http://www.cbc.ca/news/business/goldman-sachs-oil-1.3223993 Does this effect who Canadians should vote for? Quote Link to comment Share on other sites More sharing options...
angrypenguin Posted October 4, 2015 Report Share Posted October 4, 2015 Goldman Sachs has come out and said 20$ oil is a sane possibility and that tanked oil is very sane future. http://www.cbc.ca/news/business/goldman-sachs-oil-1.3223993 Does this effect who Canadians should vote for? No Quote Link to comment Share on other sites More sharing options...
nerve Posted October 4, 2015 Author Report Share Posted October 4, 2015 No Why? Quote Link to comment Share on other sites More sharing options...
waldo Posted October 4, 2015 Report Share Posted October 4, 2015 Does this effect who Canadians should vote for? Harper suggests "no worries" over his 'allInOneBasket' strategy... even though the CanadianPesoPetroDollar continues it's precipitous decline, Harper is steadfast in claiming 80% of the Canadian economy is chuggin' along just fine... he repeated exactly that at the recent TVA leaders debate. Unfortunately for Harper, the Canadian Press baloney meter registers over that repeated Harper claim: A lot depends on how data is analyzed, and over what time period, said Stephen Tapp, the research director at the Institute for Research on Public Policy. Using monthly GDP data for 20 major industries from December to May, Tapp found that 11 industries grew while nine contracted. Excluding the energy sector, the GDP is down 0.4 per cent from December to May, he added. “So, based on our current data, despite the fact that the downturn in Canada’s economy has largely been a negative shock to the energy sector, other sectors have also contracted,” Tapp said. . . Statistics Canada’s GDP analysis shows unequivocally that there is hardship in the industrial and manufacturing sectors – above and beyond the contraction of the energy sector. For these reasons, Harper’s statement – that “80 per cent of the economy is actually growing” – contains “a lot of baloney.” Quote Link to comment Share on other sites More sharing options...
angrypenguin Posted October 4, 2015 Report Share Posted October 4, 2015 Why? The percentage of GDP the energy sector is worth is tiny relative to others. Quote Link to comment Share on other sites More sharing options...
Topaz Posted October 4, 2015 Report Share Posted October 4, 2015 What happen to the 80% in an unknown times when any sector can fall, what would Harper do? 70% of the workforce is in service and job come and go in that sector. Quote Link to comment Share on other sites More sharing options...
ReeferMadness Posted October 4, 2015 Report Share Posted October 4, 2015 Harper suggests "no worries" over his 'allInOneBasket' strategy... even though the CanadianPesoPetroDollar continues it's precipitous decline, Harper is steadfast in claiming 80% of the Canadian economy is chuggin' along just fine... he repeated exactly that at the recent TVA leaders debate. Unfortunately for Harper, the Canadian Press baloney meter registers This is why Harper is talking about niqabs and "barbaric cultural practises" instead of the economy. As per Lynton Crosby's instructions. Quote Link to comment Share on other sites More sharing options...
angrypenguin Posted October 4, 2015 Report Share Posted October 4, 2015 This is why Harper is talking about niqabs and "barbaric cultural practises" instead of the economy. As per Lynton Crosby's instructions. This is a baseless accusation. If Lynton was running the campaign, he'd be in Canada. Lynton and the Conservatives go back 9 years, but he has never formally ran Harper's campaign. The only public knowledge of this is that the Conservatives have been working with him, but the only thing that we know is that the Conservatives and Lynton have phone calls on occasion to discuss polls, that's about it. Quote Link to comment Share on other sites More sharing options...
Smallc Posted October 4, 2015 Report Share Posted October 4, 2015 In the last two months reported, the Canadian economy grew back everything it lost in the first 5 months of the year. Quote Link to comment Share on other sites More sharing options...
msj Posted October 4, 2015 Report Share Posted October 4, 2015 In the last two months reported, the Canadian economy grew back everything it lost in the first 5 months of the year. Since this was a "technical recession" then let's point out that technically this is wrong. In chained 2007 dollars dec 2014 GDP was $1,657 versus Jul 2015 of $1,656. Quote Link to comment Share on other sites More sharing options...
ReeferMadness Posted October 4, 2015 Report Share Posted October 4, 2015 This is a baseless accusation. If Lynton was running the campaign, he'd be in Canada. Lynton and the Conservatives go back 9 years, but he has never formally ran Harper's campaign. The only public knowledge of this is that the Conservatives have been working with him, but the only thing that we know is that the Conservatives and Lynton have phone calls on occasion to discuss polls, that's about it. You seem offended that I'm attributing the Conservatives current focus on race-baiting, dog whistle politics to Crosby. Maybe you think someone in Canada deserves the credit. Do you work for the Conservative Party? Quote Link to comment Share on other sites More sharing options...
waldo Posted October 4, 2015 Report Share Posted October 4, 2015 This is a baseless accusation. If Lynton was running the campaign, he'd be in Canada. Lynton and the Conservatives go back 9 years, but he has never formally ran Harper's campaign. The only public knowledge of this is that the Conservatives have been working with him, but the only thing that we know is that the Conservatives and Lynton have phone calls on occasion to discuss polls, that's about it. hey now! Weren't you the guy who just put forward that video showcasing the guy? Make up your mind! Quote Link to comment Share on other sites More sharing options...
Smallc Posted October 4, 2015 Report Share Posted October 4, 2015 Since this was a "technical recession" then let's point out that technically this is wrong. In chained 2007 dollars dec 2014 GDP was $1,657 versus Jul 2015 of $1,656. technically, you're correct. Quote Link to comment Share on other sites More sharing options...
angrypenguin Posted October 4, 2015 Report Share Posted October 4, 2015 hey now! Weren't you the guy who just put forward that video showcasing the guy? Make up your mind! It's called looking more deeply into the relationship. Quote Link to comment Share on other sites More sharing options...
waldo Posted October 4, 2015 Report Share Posted October 4, 2015 It's called looking more deeply into the relationship. notwithstanding you referred to the guy by his first name 'Lynton' 3 times in that post... you said, "the only thing that we know is that the Conservatives and Lynton have phone calls on occasion to discuss polls, that's about it." Citation request! And here I thought the floundering Conservative campaign necessitated calling for the Wiz - see here and here: Quote Link to comment Share on other sites More sharing options...
angrypenguin Posted October 5, 2015 Report Share Posted October 5, 2015 notwithstanding you referred to the guy by his first name 'Lynton' 3 times in that post... you said, "the only thing that we know is that the Conservatives and Lynton have phone calls on occasion to discuss polls, that's about it." Citation request! And here I thought the floundering Conservative campaign necessitated calling for the Wiz - see here and here: Read: http://www.huffingtonpost.ca/2015/09/10/controversial-australian-campaign-wizard-helping-harper-conservatives_n_8119574.html Campaign spokesperson Kory Teneycke refused to discuss campaign "staffing decisions" but confirmed Thursday that Crosby has been advising the party for a long time and is continuing to do so. He denied suggestions that Crosby has taken over the campaign or was recruited in a bid to turn around the party's sliding fortunes at the mid-point of the race to the Oct. 19 vote. It was unclear whether Crosby is working from Canada or abroad. Quote Link to comment Share on other sites More sharing options...
Wilber Posted October 5, 2015 Report Share Posted October 5, 2015 (edited) In 2013, oil and gas exports brought in 118 billion or about 25% of our domestic product exports so while it might not be a huge part of our GDP, it has a huge effect on our trade balance. I don't know how that affects who you vote for. Edited October 5, 2015 by Wilber Quote Link to comment Share on other sites More sharing options...
angrypenguin Posted October 5, 2015 Report Share Posted October 5, 2015 In 2013, oil and gas exports brought in 118 billion or about 25% of our domestic product exports so while it might not be a huge part of our GDP, it has a huge effect on our trade balance. I don't know how that affects who you vote for. Source? "Oil and gas activity accounts for less than 10 per cent of the economy" http://www.theglobeandmail.com/report-on-business/economy/rebranding-the-canadian-economy-in-the-wake-of-the-oil-slump/article26340860/ Quote Link to comment Share on other sites More sharing options...
Wilber Posted October 5, 2015 Report Share Posted October 5, 2015 Source? "Oil and gas activity accounts for less than 10 per cent of the economy" http://www.theglobeandmail.com/report-on-business/economy/rebranding-the-canadian-economy-in-the-wake-of-the-oil-slump/article26340860/ I'm talking about trade balance, not the total economy. Read the post. Quote Link to comment Share on other sites More sharing options...
Vancouver King Posted October 5, 2015 Report Share Posted October 5, 2015 The glut of oil will only get worse as Iranian production will soon be back on stream with the lifting of sanctions. The Saudi gov't stated months ago it's decision to cut the price drastically was to protect the Kingdom's market share and to increase the cost differential between oil and alternative sun and wind energy sources. With a $15 per barrel cost of production the Saudis are well equipped to fight such a battle. Canada's oil patch will have to adjust to $50 oil, Quote Link to comment Share on other sites More sharing options...
TimG Posted October 5, 2015 Report Share Posted October 5, 2015 (edited) the Kingdom's market share and to increase the cost differential between oil and alternative sun and wind energy sources.A rather ridiculous statement that was likely fabricated by a renewable energy advocate. The Saudis were worried about US fracking plus the possibility that the technique would spread around the world. The Saudis have nothing to fear from the currently available renewables. Edited October 5, 2015 by TimG Quote Link to comment Share on other sites More sharing options...
TimG Posted October 5, 2015 Report Share Posted October 5, 2015 (edited) "Oil and gas activity accounts for less than 10 per cent of the economy"Oil and gas make up a large part of what the world wants to buy from us. This means this sector, although small compared to other sectors, is extremely important to maintaining the standard of living of Canadians because without those exports we could not afford to pay for most of the goods that stock the shops in the country. The left is quite delusional when it complains about Harper investing too much in resources because they assume there is another sector of similar size where Canada has a strong competitive advantage. It doesn't - in almost every other major sector other countries can do the same for cheaper. Edited October 5, 2015 by TimG Quote Link to comment Share on other sites More sharing options...
angrypenguin Posted October 5, 2015 Report Share Posted October 5, 2015 Oil and gas make up a large part of what the world wants to buy from us. This means this sector, although small compared to other sectors, is extremely important to maintaining the standard of living of Canadians because without those exports we could not afford to pay for most of the goods that stock the shops in the country. The left is quite delusional when it complains about Harper investing too much on this sector because they assume there is another sector where Canada has a strong competitive advantage. It doesn't - in almost every other sector other countries can do the same for cheaper. Precisely. Then again the NDP and their rhetoric about Harper with his eggs in one basket and then him dropping the basket....my reply is that Mulcair dropped the NDP basket all together! Karma is a beautiful thing. Quote Link to comment Share on other sites More sharing options...
Biz Liz Posted October 5, 2015 Report Share Posted October 5, 2015 Oil prices will never see $40 a barrel again. Not just because of all the shale oil down South but Lockeheed has recently developed Tesla's technology of endless energy and it will only be 3-5 years before it is in commercial form. Also Google "Thorium Plasma Battery Technology". Oil consumption will be cut in half within th enext five years and may only be used for lubricants and plastics production. I predict $10 a barrel within 5-6 years. Quote Link to comment Share on other sites More sharing options...
TimG Posted October 5, 2015 Report Share Posted October 5, 2015 (edited) Not just because of all the shale oil down South but Lockeheed has recently developed Tesla's technology of endless energy and it will only be 3-5 years before it is in commercial form.This is the latest variation on psuedo-scientific scams related to energy production. This link on site that promotes the use of thorium as an energy source explains: http://energyfromthorium.com/2014/04/13/mythology-thorium-car-thorium-plasma-batteries/ Edited October 5, 2015 by TimG Quote Link to comment Share on other sites More sharing options...
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