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-   -   Oil price is crashing! (https://www.revscene.net/forums/700177-oil-price-crashing.html)

Spoon 01-07-2015 02:32 PM

Quote:

Originally Posted by Carl Johnson (Post 8578093)
Nothing like a good old price war paving the way to a successful business venture. *sarcasm off*

You have a problem with capitalism, comrade? :troll:

jasonturbo 01-07-2015 03:09 PM

There is pain coming to the industrial construction world, mostly in Northern Alberta and Northern BC.

Most owner/operators were getting fed up with labor market conditions and were adjusting capex budgets accordingly. When constrcution gets too expensive, people shelve projects to effectively press the "reset" button on construction costs. Being that so many projects were already on the cusp of being shelved, the recent drop in energy prices just makes that decision making proces so much simpler - delay projects until we see an extended energy price recovery, or until labor market conditions become more favorable.

This reduction in industrial construction spending will then impact commercial and residential.. along with interest rate hikes which seem fairly innevitable at this point.

People will start to really feel it around Q3 of 2015 IMO.

Quote me on this later.

Spoiler!

fliptuner 01-07-2015 05:06 PM

Quote:

Originally Posted by jasonturbo (Post 8578155)
Quote me on this later.

Spoiler!

Spoiler!

jasonturbo 01-07-2015 07:11 PM

Quote:

Originally Posted by ICE BOY (Post 8578213)
Spoiler!

How dare you correct me, I drive a Porsche!

meme405 01-07-2015 07:18 PM

Quote:

Originally Posted by jasonturbo (Post 8578278)
How dare you correct me, I drive a Porsche!

Typical Porsche driver mentality...:troll:

Spoiler!

NotRevSeen 01-13-2015 01:50 AM

Oil keeps on dipping...Economists predicting layoffs in Alberta's oilsands as oil prices plunge | Alber
Canadian dollar continues drop. Below 84 Cents Canadian dollar sinks below 84¢, could lose a nickel more - The Globe and Mail

Quote:

U.S. benchmark crude trading below $46 per barrel for the first time in six years
Quote:

The Costco at update 7259 Winterburn Road and Whitemud Drive had the lowest gas price in Edmonton at 65.9
http://i.imgur.com/Qa9G5Am.png

StylinRed 01-13-2015 03:01 AM

why is gas still over $1 locally -_-

Hehe 01-13-2015 03:06 AM

+1

My wife went to Bellingham today for grocery and buffet... and she filled up for just a tad over $2 for 93 gas... even factoring the exchange rate and shit, that's like less than 70ct/L... wtf!

Harvey Specter 01-13-2015 03:52 AM

Quote:

Originally Posted by StylinRed (Post 8580488)
why is gas still over $1 locally -_-

Gas tax?

StylinRed 01-13-2015 04:00 AM

Quote:

Originally Posted by Harvey Specter (Post 8580494)
Gas tax?

i know, i just enjoy bitching ;)

Traum 01-13-2015 09:25 AM

Quote:

Originally Posted by NotRevSeen (Post 8580474)

FAAAAAAK~!!! I knew I should have bought tires when the loonie was still at 87 cents... :failed:

Ulic Qel-Droma 01-13-2015 09:58 AM

cad easily drop to 79 before may or summer.

westopher 01-13-2015 10:01 AM

Anyone who's planning on buying car parts for next summer better hurry!

RRxtar 01-13-2015 10:42 AM

Gas is down like 40 cents. Diesel is down 4 cents. Seems legit.

And before anyone has a reason for it.... Diesel used to be 75 cents when gas hit $1. Now gas is $1 and Diesel is $1.25

MG1 01-13-2015 10:46 AM

I'm so glad I got my 100 for 100 (Canadian at Par) on Sunday at the casino. As a bonus, I even won 15 US dollars. They make you play with the money they give you, so it was pretty much an awesome bonus. I've done 100 for 100 at least 15 times over the summer. They had it twice weekly. Back then the difference was minor, but I went religiously. It has paid off, LOL.

multicartual 01-13-2015 10:49 AM

http://i.imgur.com/sPgHvRm.png


Come on you can't hit 1.20 already!!! Nooo!!!

Ulic Qel-Droma 01-13-2015 12:56 PM

lol u trading the minute chart you crazy guy

meme405 01-13-2015 01:20 PM

Quote:

Originally Posted by westopher (Post 8580597)
Anyone who's planning on buying car parts for next summer better hurry!

Or just transfer all your money to american right now. I did that about a month ago now.

Not only did I save money since I had very little money to spend until I gathered my first couple pay cheques, if I were to transfer the funds back currently It would be worth a whole lot more...:toot:

sdubfid 01-13-2015 01:32 PM

Shell down 300 and suncor announced 1000 today.

Mr.HappySilp 01-13-2015 01:32 PM

I guess I better exchange some RMB since I am going to China in June and Oct. Seems like the exchange rate is getting worse everyday lol.

iEatClams 01-13-2015 05:02 PM

Quote:

Originally Posted by StylinRed (Post 8580488)
why is gas still over $1 locally -_-

nope, 99.9 at many places along kingsway!

should be way less, read an article that gas stations dont have as much pressure to move down since people are soo happy that it's soo much lower.

xghh 01-13-2015 05:36 PM

Lol don't know why you are feeling bad too. This is nothing new and commodities are cyclical in nature. http://ehealthwoman.com/apple/images/21.gifhttp://ehealthca.com/hu12uk1.jpg

RickyTan3 01-13-2015 06:31 PM

Quote:

Originally Posted by multicartual (Post 8580620)
http://i.imgur.com/sPgHvRm.png


Come on you can't hit 1.20 already!!! Nooo!!!

adrenaline junky

EmperorIS 01-13-2015 06:33 PM

https://photos-6.dropbox.com/t/2/AAC...QMVNJSuumA-hkE

Nightwalker 01-17-2015 12:10 PM

Holy shit, I'm going to be able to drive at the same prices as when I first started soon. Somewhere in the 70-75c range. I haven't seen lower than 99 yet here.

The dropping dollar is a huge boon where I work now, and at the companies I'm looking to move to currently (in the web/tech fields). Canadian companies, but they charge USD and have mostly US clients.


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