02-28-2022, 09:47 PM
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#6421
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Scoring Winger
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Quote:
Originally Posted by Tron_fdc
If USA bans Russian oil, USA would need what, 500 000bpd to replace it?
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as I understand it:
Canada supplies 50% of USA's oil imports
Russia supplies 7% of the USA's oil imports
Somebody else can figure out the math
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02-28-2022, 09:50 PM
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#6422
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Lifetime Suspension
Join Date: Jul 2003
Location: Calgary, Alberta
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Quote:
Originally Posted by Suave
Well WTI topped over $100 CAD today, WCS over $80 CAD and AECO over $5. A good day for the oil patch.
Oil stocks up big today, especially impressive with the rest of the market down. Lots of stocks hit new 52 week highs (CVE, CPG, VET, etc.), CNQ even managed a new all time high.
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My biggest regret is not buying CVE when it was $1.92 in March of 2020.
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The Following User Says Thank You to the_only_turek_fan For This Useful Post:
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03-02-2022, 02:06 PM
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#6423
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First Line Centre
Join Date: Feb 2002
Location: Normally, my desk
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https://www.bnnbloomberg.ca/oil#/WCS_Crude
WCS @ over $100 US/bbl has happened, but it's generally unfamiliar territory. Not expecting it to sustain, but who knows.
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03-02-2022, 02:12 PM
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#6424
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Franchise Player
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I think that every dollar rise in oil prices means $500 million into Alberta coffers? I recall reading that.
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03-02-2022, 02:17 PM
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#6425
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First Line Centre
Join Date: Feb 2002
Location: Normally, my desk
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Quote:
Originally Posted by MoneyGuy
I think that every dollar rise in oil prices means $500 million into Alberta coffers? I recall reading that.
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https://financialpost.com/commoditie...alberta-budget
Quote:
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Every $1 jump in the price of oil over the course of a year will increase provincial revenues — through royalties, higher corporate taxes and personal income taxes — by $400 million to $500 million, Tombe estimated.
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Recollection test - Passed!!!
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03-02-2022, 02:34 PM
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#6427
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Franchise Player
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Quote:
Originally Posted by MoneyGuy
I think that every dollar rise in oil prices means $500 million into Alberta coffers? I recall reading that.
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Quote:
Originally Posted by Leeman4Gilmour
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Correct, over the course of a year as Leeman4Gilmour shows in the link in his post. Short term the effect is not as dramatic.
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The Following 2 Users Say Thank You to Lubicon For This Useful Post:
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03-02-2022, 03:57 PM
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#6428
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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Some weird stuff happening in the market over the last week, underlying commodity is up 25% and barely any movement on Canadian O&G share prices. WCS closed at $100 USD today.
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The Following 2 Users Say Thank You to burn_this_city For This Useful Post:
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03-02-2022, 04:21 PM
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#6429
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Franchise Player
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Quote:
Originally Posted by burn_this_city
Some weird stuff happening in the market over the last week, underlying commodity is up 25% and barely any movement on Canadian O&G share prices. WCS closed at $100 USD today.
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Lots of profit taking going on me thinks.
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03-02-2022, 04:22 PM
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#6430
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Franchise Player
Join Date: Mar 2012
Location: Sylvan Lake
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Quote:
Originally Posted by puckedoff
When the tip option comes up at Subway, I won't even be mad this time.
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This is a quality post.
__________________
Captain James P. DeCOSTE, CD, 18 Sep 1993
Corporal Jean-Marc H. BECHARD, 6 Aug 1993
Quote:
Originally Posted by Sliver
Just ignore me...I'm in a mood today.
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03-03-2022, 01:39 PM
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#6432
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#1 Goaltender
Join Date: Oct 2009
Location: North of the River, South of the Bluff
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Quote:
Originally Posted by Azure
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Oohh I wonder what nasty name Trudeau will call Chong.
"Oil and Gas is over you climate science denier dinosaur! Just look at Germany"
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03-03-2022, 01:46 PM
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#6433
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Franchise Player
Join Date: Feb 2006
Location: Toledo OH
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Can't save the world from climate change by 2030 if there isn't a world due to nuclear/conventional war by 2030.
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03-03-2022, 02:39 PM
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#6434
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First Line Centre
Join Date: Feb 2014
Location: Uzbekistan
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It's going to be pretty costly to be a 2 vehicle family that drives a lot.
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03-03-2022, 02:58 PM
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#6435
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 Posted the 6 millionth post! |
All the more reason to switch to electric vehicles, bicycles, micro-transit, or walking for a daily commute. Save money, get fresh air, and get fit too!
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03-03-2022, 03:06 PM
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#6436
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First Line Centre
Join Date: Feb 2014
Location: Uzbekistan
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Quote:
Originally Posted by Ozy_Flame
All the more reason to switch to electric vehicles, bicycles, micro-transit, or walking for a daily commute. Save money, get fresh air, and get fit too!
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I’ve been biking to work the last 2 years during Spring-Fall. I get excited during the day knowing I get to bike home vs days that I have to drive.
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03-03-2022, 04:33 PM
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#6437
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Franchise Player
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Quote:
Originally Posted by Ozy_Flame
All the more reason to switch to electric vehicles, bicycles, micro-transit, or walking for a daily commute. Save money, get fresh air, and get fit too!
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Stop having kids, "fix" those mistakes, cull the weak and elderly, Save The Planet! (tm)
Captain Planet!
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03-05-2022, 08:31 AM
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#6438
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Had an idea!
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Quote:
Originally Posted by Ozy_Flame
All the more reason to switch to electric vehicles, bicycles, micro-transit, or walking for a daily commute. Save money, get fresh air, and get fit too!
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I think the high gas prices will push more people towards this, which is good...but many more are going to suffer because they have no alternatives.
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03-05-2022, 08:42 AM
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#6439
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First Line Centre
Join Date: Nov 2010
Location: Sherwood Park, AB
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Quote:
Originally Posted by Azure
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Wow those replies are something else.
Not that this will actually get anything done. Can't have a nat gas pipeline in Quebec, the ROW could possibly be in the way of an unregulated strip mine.
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