Jump to content

Recommended Posts

Posted
2 hours ago, sweep the leg said:

 Tony Clement is out of Federal politics. I can't stand that guy. The fact he was humiliated for being outed as a dirtbag is just the icing on the cake.

So much this. This makes me wish that we could like a post more than once.

  • 2 weeks later...
Posted (edited)

Rachel Notley is expected to announce this evening that there will be a government mandated oil production output cut for Alberta oil. Presently, because there aren't enough pipelines to move the product, there is a surplus of 35 million barrels in storage.  The price differential between Western Canadian Select (WCS) & West Texas Crude (WTC) is over $40.00. There is a lot of discussion how to get this price differential down & it seems that this is the route to go.  From the oil industry to politicians. Although some in the oil industry oppose this & feel the market should set the price & not the provincial government. 

https://www.ctvnews.ca/business/will-alberta-cut-oil-production-notley-to-make-announcement-today-1.4201372

 

Edited by SpeedFlex27
Posted
17 hours ago, SpeedFlex27 said:

Rachel Notley is expected to announce this evening that there will be a government mandated oil production output cut for Alberta oil. Presently, because there aren't enough pipelines to move the product, there is a surplus of 35 million barrels in storage.  The price differential between Western Canadian Select (WCS) & West Texas Crude (WTC) is over $40.00. There is a lot of discussion how to get this price differential down & it seems that this is the route to go.  From the oil industry to politicians. Although some in the oil industry oppose this & feel the market should set the price & not the provincial government. 

https://www.ctvnews.ca/business/will-alberta-cut-oil-production-notley-to-make-announcement-today-1.4201372

 

I get why Notley is doing this and so am not totally against it.  It's not her fault that our country is so screwy we can't even build a simple pipeline.

Posted
37 minutes ago, kelownabomberfan said:

I get why Notley is doing this and so am not totally against it.  It's not her fault that our country is so screwy we can't even build a simple pipeline.

It's not addressing the real issue and I doubt it has much impact in the short term, but she basically had to do it cause not doing anything isn't the answer either. 

 

This damned country is so ******* screwed up we can't work together to do anything at all and we're all going to suffer as a result. 

Posted
3 hours ago, kelownabomberfan said:

I get why Notley is doing this and so am not totally against it.  It's not her fault that our country is so screwy we can't even build a simple pipeline.

the price of a barrel of WCS is up $10 to $32 a barrel.  So, it's had the desired effect. She really had no choice. meanwhile, our useless PM & his government just sit on their hands  Anyone who runs for the Libs in the next federal election in SK & AB will get wiped out. 

Posted
49 minutes ago, SpeedFlex27 said:

the price of a barrel of WCS is up $10 to $32 a barrel.  So, it's had the desired effect.

I have a hard time believing that it has an effect already. The whole idea is to lower the glut, which takes more than a day. 

 

Posted
17 minutes ago, rebusrankin said:

So Justin has $50 million for education overseas but no $ for our vets? Media should be all over that. Its almost as if they've been paid off. :55_frowning:

Well he wanted to impress his BFF Trevor Noah so there was that.

Posted
3 hours ago, 17to85 said:

I have a hard time believing that it has an effect already. The whole idea is to lower the glut, which takes more than a day. 

 

I don't claim to be an expert on the financials of the oil industry but I believe that  these are futures contracts.  Also, if you don't believe the numbers then google then...

Posted
37 minutes ago, SpeedFlex27 said:

I don't claim to be an expert on the financials of the oil industry but I believe that  these are futures contracts.  Also, if you don't believe the numbers then google then...

Oh no I believe the numbers, I just feel there are other reasons for a price increase, 

Posted (edited)
23 minutes ago, 17to85 said:

Oh no I believe the numbers, I just feel there are other reasons for a price increase, 

Okay, cool. It made a difference... today. 

Edited by SpeedFlex27
Posted
3 hours ago, SpeedFlex27 said:

I don't claim to be an expert on the financials of the oil industry but I believe that  these are futures contracts.  Also, if you don't believe the numbers then google then...

Can a company book oil on a futures contract - the way you can with grain? 

Posted (edited)
1 hour ago, Mark H. said:

Can a company book oil on a futures contract - the way you can with grain? 

Yes.  It is similar to purchasing grain. You agree to buy a certain number of barrels at a price on a certain date.

Edited by SpeedFlex27
  • 2 weeks later...
  • 4 weeks later...
  • 2 weeks later...
  • 3 weeks later...
Posted
9 hours ago, blue_gold_84 said:

A bit of a low brow move but that's where politics are at these days. At least it's good for a chuckle.

Although, I'm sure his comments yesterday will give his opponents a ton of fodder for their cannons now.

It's sad- the only thing worse than the Justin Trudeau Liberal government... is the conservative party of Canada. 

Guest
This topic is now closed to further replies.
×
×
  • Create New...