short oil futuresssss

+1500%

for you speculators and consumers, oil will stay low for a while.

Nothing to see here, oil price drops, consumer spending picks up, USA recovery gets a boost, oil prices revert to the mean as a result of increased consumer spending and by summer it's back to the mean.

I can assure you most of the producers in the sands are profitable at much less than 25$/bbl, some of the small caps are not, but they are barely responsible for any production or job creation.

Though it's worth noting that as the loonie drops the netbacks for producers also drop due to the echange rate.

Saudi Arabia you so cray... Way to punish the smaller and poorer OPEC members.

USD to CAD going back up!


Win for me!!!

keep an eye out for other industries in Canada... cheap oil prices might give them the boost they need to do well... think mining... potash... rare earth metals... tungsten?! etc

that's the big thing.. Yes the price of oil is going down but with the Canadian dollar going down as well a lot of companys that export are going to be really benefiting out of it.

just paving the way for clean energy, which employs more than the oil industry now (at least in canada),

I'm not sure where you got that information from but I am fairly certain it is not correct.

Best gas = blown motor for me :okay:

1.25 for 94 octane :)

I've zero background in business, care to explain?
Directly, it's not like people have stopped driving altogether because of higher prices at the pump? Or do you mean less canadians consumers will buy cross-border US gas because of the loonie tanking?

THIS is what gas price supposed to be!

http://storage.edmontonsun.com/v1/dy...y=80&size=650x

Got my business degree in a box of cheerios but I think he is saying that people spend less on fuel so they have more to spend on direct port nitrous injection.

Don't forget the Motec exhaust.

Right when I got my first car.. frequent road trips and just driving around was so fun

Ahhh I remember those days :accepted:

Most "clean" energy isn't actually very clean.

Tanking CAD is really benefiting my work. We export our products in USD, we are making a killing vs when the loonie was about par a few years back!!

Genuinely curious - in what ways is it dirtier?

I know nuclear produces a lot of waste, but they're working on ways to be able to use that waste.

That's how much it was per gallon back in my day, and yes, we were not metric back then.


And, crossing the border was a snap. (kind of random, but was just thinking back to those days)

Solar requires heavy metals, or at least used to, and manufacturing panels can have an environmental cost. It too doesn't produce energy forever, eventually they need to be replaced.

Hydro requires dams and dislocation of inhabitants of the lands it floods.

Wind has health issues for those who live near them, and can change temperatures geographically.

Hydrogen requires lots of energy to produce, and the equipment that produces it doesn't last very long.

Solar plants that concentrate sunlight to run steam generators, fry birds that fly over them.
http://www.cbc.ca/news/technology/br...head-1.2739512

But the idea to those isn't how dirty they are, it's about being sustainable for the future of the planet. We've had oil for about 150 years, I'm not sure we can keep using oil for 1000. However, it's currently the best way we have to store energy, and that won't change until we've found a new way to store it. IMO, we won't stop using oil because it's so damn easy use and get.

Edit: Actually, we'll probably be using it for next 1000, we just won't be getting it from the ground.

Like the old saying goes, "Can't get something for nothing."


Energy cannot be created or destroyed, but the byproducts from the process of changing it from one form to another is what's a bitch.

For those who would like to learn a bit more about the relationship between the exchange rate and the price of oil;

http://www.economicinsight.ca/econom..._oilprices.pdf

Clean energy is cleaner, yes mining yellow cake and producing heavy water for nuclear does produce some degree of environmental impact, yes hydro causes problems with the local wildlife and erosion of the river bed, yes wind turbines explode bats due to pressure differential - but nothing pollutes like coal power generation :s

It's one thing to pull stats completely out of your ass.

It's another thing entirely to get it so damn wrong.

Our so called "dirty" energy keeps 541,000 people employed across Canada.

Please do tell me how many people your "clean" energy employs.

It's worthwhile to note that I am actually currently employed on a clean energy project (atleast partially), and the jobs created, and planned to be created by the project is minimal at best. The turbines come from the US, the mill sections themselves come from Denmark, etc.

Go have a look for yourself, most people don't even know anything about Meikle Wind.

this is fantastic
Bigger annual profit share wooohooooooo

Is that worse than releasing tons of carbon into the air?

What kind of health issues? Source for temperature changes? (and not from a whackjob source please) Are these issues worse than releasing tons of carbon into the air?

Is killing a bunch of birds worse than releasing tons of carbon into the air?

These are genuine questions... If these are the biggest issues people come up with, it's not a very good argument against alternative energy.