[Newsbot]

Title: In Alberta, 30 loonies will get you a case of beer, a bottle of whisky � and now a barrel of oil
Category: Business
Posted By: DrCaleb
Date: 2015-08-13 10:17:15
Canadian

[uwish]

Here are Cenovus the plan is around 400 - 600 employees will be shown the door by the end of Oct....

[Thanos]

Yep, it's all over now. Thanks, Arabs, you fucking evil camel-fucking subhuman scum!



Alberta's new theme song. Change and update a few lyrics here and there and the gist stays the same.

[BartSimpson]

The oil price decline, IMHO, was orchestrated to mostly screw over Russia for starting up the Cold War again. Putin was counting on the oil money to rebuild the Red forces and now he doesn't have enough money to pay the troops in the field.

If the price of peace means some lost jobs as opposed to a nuclear war...or any war...then I'm fine with it.

[Thanos]

I agree with that. Obama and Harper either didn't account that the Saudis would go into full c**ksucker mode, the way Arabs always behave eventually, and try to kill the North American industry at the same time they killed the Russian one. Or, even worse than the incompetence and lack of foresight they had for the first scenario, they just didn't care what happened in North America because they judged us to be completely sacrificial in order to help Ukraine.

BTW Bart, if it had been your home, your job, and your career that some politicians had decided were disposable in the Great Scheme Of Things, I wouldn't have been "fine with it" the way you are with what's happened to far too many others over the past year.

[BeaverFever]

Meanwhile 44 loonies could've gotten you a Wild Rose majority government.

[Freakinoldguy]

BartSimpson BartSimpson:

The oil price decline, IMHO, was orchestrated to mostly screw over Russia for starting up the Cold War again. Putin was counting on the oil money to rebuild the Red forces and now he doesn't have enough money to pay the troops in the field.

If the price of peace means some lost jobs as opposed to a nuclear war...or any war...then I'm fine with it.

That theory will work only so long as our favorite former KGB Colonel doesn't roll the dice and try another Stalin like move before his economy and ability to make war completely disappear.

[sandorski]

Beer should be a quarter of that Price.

[herbie]

Meanwhile. all around Prince George they've UPPED PRICES by 10c a litre.
There's an election on an no one talks about it...

[Khar]

herbie herbie:

Meanwhile. all around Prince George they've UPPED PRICES by 10c a litre.
There's an election on an no one talks about it...

Most of the seats impacted by this belong to the NDP or Liberals, or are being challenged by both, but it's hard to really talk about fighting higher gas prices when:

1) Both parties have talked about the value of a low dollar and the importance of the manufacturing industry. A low dollar also means that oil and gas, traded in USD, is more expensive for Canadians to buy. So it's either "support battleground Ontario's manufacturing industry" or "talk about Canadian buyers paying slightly less at the pump."
2) Both parties support some form of carbon tax and other ancillary fees from road goers to pay for public transit. In provinces like Alberta, crude already makes up much less than half the price you pay at the pump; because of a lot of the taxes and programs supported by both the Liberals and the NDP, the prices in BC are permanently higher and more static.
3) The majority of gas BC uses comes not from the rest of Canada (because pipelines are scary or something) but through the USA (way to limit consumption BC). As a result of this singular dependence, BC is in an economic satellite of Oregon and Washington, and it's gas prices (at least in the Southern mainland) will more likely follow prices there. When the refineries on the West Coast run into problems meeting demand, as they are now, we don't have the infrastructure to easily send more, or to get other refineries in the loop to handle supply limitations.
4) Cheap gas is an anti-environmental message, so both parties, which are taking stances that are strongly contingent on Harper's environmental record, are unlikely to touch anything that tarnishes it.

Harper, on the other hand, is trying to sell himself as a strong steward of the economy. Talking about economic issues that people will perceive as his fault that happened on his watch is contrary to his strategy there. At least, that's my bets.

[DrCaleb]

BeaverFever BeaverFever:

Meanwhile 44 loonies could've gotten you a Wild Rose majority government.

Hehehe. That made me laugh. Wish I could rep you for it.

[herbie]

It's when they explain on CTV how a refinery problem in the midwestern USA is causing gas prices to rise 14c a litre (I was wrong earlier) overnight here when the refinery is right there - you can walk to it FFS, and the ridings are Tories (not that that has a damn thing to do with it).
They're fucking lying to us and you know it!
The price of oil is HALF what it was last year, the price of gas is down a whole ten cents, and the dollar has not dropped 40%
The only political collusion would be that gas taxes are a percentage and that the more the oil companies gouge, the more the gov't gets, so they'll look the other way.
FFS one day we'll hear gas prices went up because Gordy Jones's mother wore brown shoes and half the population will buy the excuse!

[Brenda]

It's there, here, AB, Manitoba, I assume Saskatchewan (but haven't heard from my friends there, as opposed to my friend in Manitoba), it's everyf*ckingwhere.

[Thanos]

It's not a conspiracy, it's merely doing business. It's more logical to assume that they're keeping the price of fuel artificially high because fuel sales are now their main source of profit thanks to the crude price being so low. Also, a lot of the pricing is now done by the scunge on Wall Street and not by the old commodities boards, or the boards have been co-opted and taken over by the financial boy geniuses and fuel pricing is part of their latest locust-like scam to pillage, loot, and destroy. Either way there's not much can be done about this, not even by the governments because as the housing collapse in 2008 showed the governments have been essentially bought out and the law effectively neutralized. As they say, if there's no law against it, even if on all moral and ethical levels there absolutely should be, it's not a crime.

[DrCaleb]

Thanos Thanos:

It's more logical to assume that they're keeping the price of fuel artificially high because fuel sales are now their main source of profit thanks to the crude price being so low.

That's exactly how I heard one industry ANALyst justify the increase.

And, the speculation that one refinery out of 143 being at a lower capacity could possible lead to shortages in some markets.