Calgarypuck Forums - The Unofficial Calgary Flames Fan Community
Old 10-14-2018, 08:59 PM   #21
OMG!WTF!
Franchise Player
 
Join Date: Oct 2014
Exp:
Default

Quote:
Originally Posted by AltaGuy View Post
The Saudis have - I think - almost a trillion bucks parked on Wall Street, that plays a massive role in funding the US Treasury. Unfortunately, no US politician is going to want to rock that apple cart too much.

Sadly, if you dig into Canada’s financial sector you’re going to find we’re also very vulnerable to the capital SA has at its disposal to weaponize.

This new three-way alliance between the US, Israel, and the Saudis has really emboldened the nutbars over there. Murdering a high-profile journalist on the soil of another country (embassy grounds, but whatever) is a very big deal.

MOD EDIT.

I thought they were into the treasury market for about 10% of total US debt...like 180 billion. They also have their own stock market which is getting killed now. But I'm wondering if the biggest loss might be Aramco deciding to list somewhere other than the NYSE. That would break Trump's heart.



It is a garbage country. Too bad this will just disappear and arms deals and oil deals will go on.

Last edited by Iowa_Flames_Fan; 10-16-2018 at 10:58 PM.
OMG!WTF! is offline   Reply With Quote
Old 10-14-2018, 09:02 PM   #22
Snuffleupagus
Franchise Player
 
Snuffleupagus's Avatar
 
Join Date: Sep 2016
Exp:
Default

Quote:
Originally Posted by Mr.Coffee View Post
Energy East is an export pipeline. It was not intended to supply East Canada with oil as far as I know?
It should be, upgrade a couple of the 5 eastern refineries to handle WCS and watch Alberta explode. Not only would Canada not need Saudi oil, western Europe wouldn't either.

Only an idiot Country would give $10 million per day to the Saudi's for Oil when we have the third most oil reserves in the world.
Snuffleupagus is offline   Reply With Quote
Old 10-15-2018, 09:04 AM   #23
Envitro
First Line Centre
 
Envitro's Avatar
 
Join Date: Mar 2003
Location: Saddledome, Calgary
Exp:
Default

Quote:
Originally Posted by Snuffleupagus View Post
It should be, upgrade a couple of the 5 eastern refineries to handle WCS and watch Alberta explode. Not only would Canada not need Saudi oil, western Europe wouldn't either.

Only an idiot Country would give $10 million per day to the Saudi's for Oil when we have the third most oil reserves in the world.
Quoted for the absolute truth, in every way possible...
Envitro is offline   Reply With Quote
Old 10-15-2018, 09:07 AM   #24
Senator Clay Davis
Franchise Player
 
Senator Clay Davis's Avatar
 
Join Date: Apr 2012
Location: Maryland State House, Annapolis
Exp:
Default

To be fair, I guess he deserves credit for not blaming Hillary or Obama (yet...).

https://twitter.com/user/status/1051825703623233538
__________________
"Think I'm gonna be the scapegoat for the whole damn machine? Sheeee......."
Senator Clay Davis is offline   Reply With Quote
Old 10-15-2018, 09:29 AM   #25
DuffMan
Franchise Player
 
DuffMan's Avatar
 
Join Date: Apr 2004
Location: 127.0.0.1
Exp:
Default

rogue killers? or ninjas maybe
__________________
Pass the bacon.
DuffMan is offline   Reply With Quote
Old 10-15-2018, 10:00 AM   #26
Shazam
Franchise Player
 
Shazam's Avatar
 
Join Date: Aug 2005
Location: Memento Mori
Exp:
Default

Quote:
Originally Posted by Snuffleupagus View Post
It should be, upgrade a couple of the 5 eastern refineries to handle WCS and watch Alberta explode. Not only would Canada not need Saudi oil, western Europe wouldn't either.

Only an idiot Country would give $10 million per day to the Saudi's for Oil when we have the third most oil reserves in the world.
Why make money when you can just dance. This is what happens when you have a trust fund kid leading the nation.

__________________
If you don't pass this sig to ten of your friends, you will become an Oilers fan.
Shazam is offline   Reply With Quote
The Following 2 Users Say Thank You to Shazam For This Useful Post:
Old 10-15-2018, 10:21 AM   #27
FlamesAddiction
Franchise Player
 
FlamesAddiction's Avatar
 
Join Date: Oct 2001
Location: Vancouver
Exp:
Default

Quote:
Originally Posted by Snuffleupagus View Post
It should be, upgrade a couple of the 5 eastern refineries to handle WCS and watch Alberta explode. Not only would Canada not need Saudi oil, western Europe wouldn't either.

Only an idiot Country would give $10 million per day to the Saudi's for Oil when we have the third most oil reserves in the world.
Buying Saudi oil has always been more about buying influence. Think of it more as bribe to keep other countries out and to keep supply lines in the event of international conflict.
__________________
"A pessimist thinks things can't get any worse. An optimist knows they can."
FlamesAddiction is online now   Reply With Quote
Old 10-15-2018, 10:30 AM   #28
Red Potato Standing By
Scoring Winger
 
Join Date: Oct 2008
Exp:
Default

Quote:
Originally Posted by Shazam View Post
Why make money when you can just dance. This is what happens when you have a trust fund kid leading the nation.

You do realize Stephen Harper appeared on a dance show in India when he was PM while he was on a political trip right? I don’t recollect people whining about that trust fund kid. Or is there a double standard?
Red Potato Standing By is offline   Reply With Quote
The Following 4 Users Say Thank You to Red Potato Standing By For This Useful Post:
Old 10-15-2018, 10:36 AM   #29
Shazam
Franchise Player
 
Shazam's Avatar
 
Join Date: Aug 2005
Location: Memento Mori
Exp:
Default

Yeah look at him "dancing". Must be the stick up his butt, right?



And Harper was a trust fund kid? Wow, accountants at Imperial Oil sure made a lot.
__________________
If you don't pass this sig to ten of your friends, you will become an Oilers fan.
Shazam is offline   Reply With Quote
Old 10-15-2018, 10:42 AM   #30
8 Ball
Powerplay Quarterback
 
Join Date: Mar 2004
Exp:
Default

This is in Montreal I believe.
8 Ball is offline   Reply With Quote
Old 10-15-2018, 10:45 AM   #31
DuffMan
Franchise Player
 
DuffMan's Avatar
 
Join Date: Apr 2004
Location: 127.0.0.1
Exp:
Default

Quote:
Originally Posted by GGG View Post
Canada is still selling weapons to Saudi Arabia. Freelance and the liberals are hypocrites
Quote:
Originally Posted by Shazam View Post
Why make money when you can just dance. This is what happens when you have a trust fund kid leading the nation.
lol,
__________________
Pass the bacon.
DuffMan is offline   Reply With Quote
Old 10-15-2018, 10:55 AM   #32
Johnny Makarov
Franchise Player
 
Johnny Makarov's Avatar
 
Join Date: Jan 2017
Exp:
Default

Quote:
Originally Posted by DuffMan View Post
lol,
Nice hair though...
__________________
Peter12 "I'm no Trump fan but he is smarter than most if not everyone in this thread. ”
Johnny Makarov is offline   Reply With Quote
The Following User Says Thank You to Johnny Makarov For This Useful Post:
Old 10-15-2018, 11:06 AM   #33
2Stonedbirds
First Line Centre
 
Join Date: Jul 2015
Exp:
Default

Just not ready, unless its Halloween or some embarrassing form of cultural appropriation called dancing.
2Stonedbirds is offline   Reply With Quote
Old 10-15-2018, 11:14 AM   #34
redforever
Franchise Player
 
redforever's Avatar
 
Join Date: Feb 2006
Exp:
Default

Quote:
Originally Posted by Shazam View Post
Yeah look at him "dancing". Must be the stick up his butt, right?



And Harper was a trust fund kid? Wow, accountants at Imperial Oil sure made a lot.
I wouldn't call that dancing by Harper. He just stood there.
redforever is offline   Reply With Quote
Old 10-15-2018, 11:16 AM   #35
belsarius
First Line Centre
 
belsarius's Avatar
 
Join Date: Feb 2003
Location: Edmonton
Exp:
Default

What I am hearing is that the Canadian government should intervene in the free market in order to stop the flow of Saudi Oil purchased by a private company and impose a mandate to build refinery capacity so that they can be forced to purchase more expensive Alberta heavy oil for the sake of Canada as a society even if it impedes their profitability. And most of the argument against Saudi oil is that their government and environmental standards are so low as to not provide the social liscense required by the average Canadian citizen.

How very socialist of this thread.
__________________
@PR_NHL
The @NHLFlames are the first team to feature four players each with 50+ points within their first 45 games of a season since the Penguins in 1995-96 (Ron Francis, Mario Lemieux, Jaromir Jagr, Tomas Sandstrom).
belsarius is offline   Reply With Quote
The Following User Says Thank You to belsarius For This Useful Post:
Old 10-15-2018, 11:25 AM   #36
DiracSpike
First Line Centre
 
DiracSpike's Avatar
 
Join Date: Feb 2013
Location: BELTLINE
Exp:
Default

Quote:
Originally Posted by belsarius View Post
What I am hearing is that the Canadian government should intervene in the free market in order to stop the flow of Saudi Oil purchased by a private company and impose a mandate to build refinery capacity so that they can be forced to purchase more expensive Alberta heavy oil for the sake of Canada as a society even if it impedes their profitability. And most of the argument against Saudi oil is that their government and environmental standards are so low as to not provide the social liscense required by the average Canadian citizen.

How very socialist of this thread.
Saudi Oil sells for $80 right now and Canadian oil sells for $20. So right off the bat you're on shaky ground here.

And not sure what the point of the social license argument is but I'd say the fact that easterners are fine buying oil from Algeria Saudi and Venezuela over ours means that it doesn't exist. Or they're jsut incredibly stupid.

Last edited by DiracSpike; 10-15-2018 at 11:28 AM.
DiracSpike is offline   Reply With Quote
Old 10-15-2018, 11:57 AM   #37
belsarius
First Line Centre
 
belsarius's Avatar
 
Join Date: Feb 2003
Location: Edmonton
Exp:
Default

Quote:
Originally Posted by DiracSpike View Post
Saudi Oil sells for $80 right now and Canadian oil sells for $20. So right off the bat you're on shaky ground here.

And not sure what the point of the social license argument is but I'd say the fact that easterners are fine buying oil from Algeria Saudi and Venezuela over ours means that it doesn't exist. Or they're jsut incredibly stupid.
How much added cost is the refining process? How much capilization cost is required to build the upgrading process? What is the incremental increase in profits based on the export terminal vs upgrading and reselling a lower quality oil. Would they even have a suffiecient market?

Sure it has a huge differential right now, but that didn't exist even 6 months ago. Will that differential last? If they start purchasing what affect will that have on price longer term?

My point is that it is a much more complex decision to make than, Saudi sucks and we should buy Alberta Oil. The last Trudeau tried to force the country to support itself in regards to Oil "in the interest of Canada", and that didn't turn out so well.

As for the social liscense it is just pointing out that the argument against Saudi Oil is based on their lack of social standards, you know, their social liscense. And yet the same group of people decry Notely using the term or that it doesn't exist.

As for "easterners" being fine with Saudi oil, that is just more divisive East vs West bullcrap. We live in a market society where profit drives almost every decision. This isn't Joe Blow New Brunswicker making the decision to buy Saudi Oil, it is Irving. The average consumer is only concerned about price. Their decision might change now based on the differential, but EE was never going to be a made in Canada solution, it was going to make them loads of money with their export terminal.
__________________
@PR_NHL
The @NHLFlames are the first team to feature four players each with 50+ points within their first 45 games of a season since the Penguins in 1995-96 (Ron Francis, Mario Lemieux, Jaromir Jagr, Tomas Sandstrom).
belsarius is offline   Reply With Quote
Old 10-15-2018, 12:05 PM   #38
Leondros
Powerplay Quarterback
 
Join Date: Mar 2011
Exp:
Default

Quote:
Originally Posted by belsarius View Post
How much added cost is the refining process? How much capilization cost is required to build the upgrading process? What is the incremental increase in profits based on the export terminal vs upgrading and reselling a lower quality oil. Would they even have a suffiecient market?

Sure it has a huge differential right now, but that didn't exist even 6 months ago. Will that differential last? If they start purchasing what affect will that have on price longer term?

My point is that it is a much more complex decision to make than, Saudi sucks and we should buy Alberta Oil. The last Trudeau tried to force the country to support itself in regards to Oil "in the interest of Canada", and that didn't turn out so well.

As for the social liscense it is just pointing out that the argument against Saudi Oil is based on their lack of social standards, you know, their social liscense. And yet the same group of people decry Notely using the term or that it doesn't exist.

As for "easterners" being fine with Saudi oil, that is just more divisive East vs West bullcrap. We live in a market society where profit drives almost every decision. This isn't Joe Blow New Brunswicker making the decision to buy Saudi Oil, it is Irving. The average consumer is only concerned about price. Their decision might change now based on the differential, but EE was never going to be a made in Canada solution, it was going to make them loads of money with their export terminal.
Except regulatory red tape and politics (ie. East vs West "bullcrap") seem to be driving almost every decision that impacts Canadian oil as of late.
Leondros is offline   Reply With Quote
Old 10-15-2018, 12:06 PM   #39
Red Potato Standing By
Scoring Winger
 
Join Date: Oct 2008
Exp:
Default

Quote:
Originally Posted by Shazam View Post
Yeah look at him "dancing". Must be the stick up his butt, right?



And Harper was a trust fund kid? Wow, accountants at Imperial Oil sure made a lot.
So if JT would of been just standing it would of been ok? My point is both parties do that kind of PR so why hang one but not the other? As for the trust fund thing it was more tongue in cheek.
Red Potato Standing By is offline   Reply With Quote
Old 10-15-2018, 12:14 PM   #40
Minnie
Franchise Player
 
Minnie's Avatar
 
Join Date: Dec 2012
Location: On your last nerve...:D
Exp:
Default

Quote:
Originally Posted by you&me View Post
Like a petulant child having a tantrum...
This is why they get along with Trump so well

He won't do squat about this, beyond bluster a bit. Doubtful any other US pres would have either.
Minnie is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 11:54 AM.

Calgary Flames
2023-24




Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright Calgarypuck 2021