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Post by Toronthab on Sept 11, 2005 12:20:59 GMT -5
Sep. 11, 2005. 08:42 AM From the Toronto Star While I cannot of course vouch for the arguments made within, this strikes me as one of the best written and informative pieces I've read on Oil Prices, ever. (That probably just proves I should read more...) So for all you Oilers fans... Why oil prices will drop DAVID OLIVE Is Alberta's current oil boom — the third in the relatively brief history of the Canadian oilpatch — a sustainable and unalloyed good-news story for the nation's second-richest province? The issue has hardly been raised, amid debate across the country about the implications for the entire country of Alberta's good fortune, touching on everything from reformed revenue-sharing agreements among governments to nascent separatism in Wild Rose Country. The discussion tends to ignore more basic issues of considerable import. Financed largely by offshore players, the current boom is gradually reversing the success of the late-1970s boom in reversing Alberta's status as a colony of Big Oil decision-makers in Houston and London. tinyurl.com/at5bf |
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Post by franko on Jul 8, 2006 10:06:42 GMT -5
Still waiting for the drop.
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Post by Skilly on Jul 8, 2006 10:53:35 GMT -5
While I can't stand paying 114.9 for a litre of gas ..... Newfoundland does have the third highest production of oil per captia in the world .... it is a conundrum.
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Post by franko on Jul 8, 2006 12:24:52 GMT -5
While I can't stand paying 114.9 for a litre of gas ..... Newfoundland does have the third highest production of oil per captia in the world .... it is a conundrum. How do you think they like the price in Alberta: Friday: 0.979/L; Toronto 1.019/L; Ottawa 1.019/L; Calgary |
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Post by Habs_fan_in_LA on Jul 8, 2006 17:21:49 GMT -5
While I can't stand paying 114.9 for a litre of gas ..... Newfoundland does have the third highest production of oil per captia in the world .... it is a conundrum. Does that include Cod-Liver Oil? |
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Post by PTH on Jul 8, 2006 17:26:23 GMT -5
While I can't stand paying 114.9 for a litre of gas ..... Newfoundland does have the third highest production of oil per captia in the world .... it is a conundrum. Probably because you don't have any refineries? Just a wild guess..... I'm guessing the closest refineries are in Lévis (south shore of Quebec City), Montreal and maybe Boston. So gas on the Rock will always be more expensive than in Montreal, for example, because in Montreal it's refined and sold, whereas for the Rock it has to be shipped out again before being sold. I know that Australian wine is much more expensive in Australia than here. Capitalism can lead to some very weird results. |
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Post by Skilly on Jul 8, 2006 20:17:49 GMT -5
While I can't stand paying 114.9 for a litre of gas ..... Newfoundland does have the third highest production of oil per captia in the world .... it is a conundrum. Probably because you don't have any refineries? Just a wild guess..... I'm guessing the closest refineries are in Lévis (south shore of Quebec City), Montreal and maybe Boston. So gas on the Rock will always be more expensive than in Montreal, for example, because in Montreal it's refined and sold, whereas for the Rock it has to be shipped out again before being sold. I know that Australian wine is much more expensive in Australia than here. Capitalism can lead to some very weird results. You are almost right ...  .... Newfoundland actually has one refinery. It is the Come-By-Chance oil refinery. The problem is that the refinery can not "refine" the type of oil being produce from the offshore. Our premier is currently trying to get another refinery on the island. Sir Richard Branson (that Virgin records guy) considered building one here .... but I think he wants to build one closer to England. The future is looking bright for Newfoundland. |
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Post by Skilly on Jul 8, 2006 20:37:39 GMT -5
While I can't stand paying 114.9 for a litre of gas ..... Newfoundland does have the third highest production of oil per captia in the world .... it is a conundrum. Does that include Cod-Liver Oil? Nope. Crude. Newfoundland accounts for 0.4 per cent of the world's daily oil production. But I made a mistake .... on a per-capita basis our production is fourth behind United Arab Emirates (370 barrels of oil produced per 1000 people), Kuwait (360) and Norway (250). Newfoundland produces 230 barrels of oil per 1000 people approximately. By comparison the rest of Canada produces slightly under 50 barrels a day per 1000 people, and the US produces about 10 barrels a day per 1000 people. |
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Post by Cranky on Jul 9, 2006 0:21:48 GMT -5
Newfoundland produces 230 barrels of oil per 1000 people approximately. With all those petrodollars, Newfoundland no longer has any use for this lame, useless country called Canada. Didn't someone say...."Ask not what the people can do for their country, but how the country serves the regional demands'. |
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Post by franko on Jul 9, 2006 7:14:42 GMT -5
Newfoundland produces 230 barrels of oil per 1000 people approximately. With all those petrodollars, Newfoundland no longer has any use for this lame, useless country called Canada. Didn't someone say...."Ask not what the people can do for their country, but how the country serves the regional demands'. Watch it, Cranky: Newfoundland may have new found oil and a new found petro agreement witht he Feds, but they are still a "have-not" province, needed high equalization payments. Them and Ontario. Now Saskatchewan I get. When I moved in the 70's the slogan was "last one out turn the lights off". For a while the trend stopped, but it's happening again. If I had a couple of dollars . . . man what I could do with it. Whole towns are being sold (houses for $5,000 -- no kidding!). Anyone want to move to frankoville and invest? $5,000.00 home  $50.00 home  |
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Post by Skilly on Jul 9, 2006 8:47:24 GMT -5
Newfoundland produces 230 barrels of oil per 1000 people approximately. With all those petrodollars, Newfoundland no longer has any use for this lame, useless country called Canada. No, thats not it at all. While I admit I often wonder why Newfoundland gave up thier nationhood when at the time we were actually operating on a surplus and had a good economic relationship with Canada and the US, the petrodaollars are not a reason for us to seperate. The deal with the feds (2 billion - which incidentally is already spent - over 8 years) is constantly being looked at by the feds. If they found away to take it back, they would. No one in Harper's government has said yet that the offshore deal will not be taken into account in the new equalization structuring. Under the old equalization formula Newfoundland was paying Canada approxiamtley $1.10 for every $1.00 in oil generated??? What the PC government spews forth now is "The new equalization formula will look at all facets of the Canadian economy and we will do what is best for canada as a whole" To Newfoundland that means .... you have too few people for us to worry about pissing off. Newfoundland's "have-not" status will be no more in about 2 years if the current prices stay high and we can finally be a contributer to this Canadian federation.... and if they stay high (by high I mean over $50 a barrel) Newfoundland can start paying down its $11 billion dollar debt that we have accumulated since joining Confederation. |
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Post by Skilly on Jul 9, 2006 8:59:07 GMT -5
With all those petrodollars, Newfoundland no longer has any use for this lame, useless country called Canada. Didn't someone say...."Ask not what the people can do for their country, but how the country serves the regional demands'. Watch it, Cranky: Newfoundland may have new found oil and a new found petro agreement witht he Feds, but they are still a "have-not" province, needed high equalization payments. Them and Ontario. Now Saskatchewan I get. When I moved in the 70's the slogan was "last one out turn the lights off". For a while the trend stopped, but it's happening again. If I had a couple of dollars . . . man what I could do with it. Whole towns are being sold (houses for $5,000 -- no kidding!). Anyone want to move to frankoville and invest? $5,000.00 home $50.00 home This is a "residence" built next to my house. It was built by an American electrical engineer at an expected cost of 5 million. The home (yes it is this guy's "summer home") it rumoured to have gone over budget and will eventually cost 7 million dollars. His yearly property taxes alone will be more than the total value of my house. And I can just imagine how my property taxes are going to be affected ....   You should see the houses you can get in Newfoundland for about $300,000!! |
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Post by Cranky on Jul 9, 2006 10:09:23 GMT -5
You should see the houses you can get in Newfoundland for about $300,000!! Poor guy, he must have a really small penis so I can see the need to build a fotress to protect it. Back in the HA boom years, I had such a huge labour shortage and so many Newfounlanders worked for me, that the thought of a plant in Newfoundland almost made sense. So I had a real estate broker send me some pictures. I could not believe that I could afford the "most expensive" there for what amounts to a "upper middle class" here. Ocean front for the same money as getting a postage stampo here. I even had enough NF's talent on the payroll to actualy build my own penis protecting fortress. Then I seriously looked at transportation costs........and POOOOF! Just for the record, it cost just as much to bring a truck from NF to Ontario as it cost to bring a container from most parts of the world. Maybe even more now. One day, Mrs. Cranky and I need to explore Canada....starting from the rock. |
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Post by Cranky on Jul 9, 2006 10:18:33 GMT -5
With all those petrodollars, Newfoundland no longer has any use for this lame, useless country called Canada. No, thats not it at all. While I admit I often wonder why Newfoundland gave up thier nationhood when at the time we were actually operating on a surplus and had a good economic relationship with Canada and the US, the petrodaollars are not a reason for us to seperate. The deal with the feds (2 billion - which incidentally is already spent - over 8 years) is constantly being looked at by the feds. If they found away to take it back, they would. No one in Harper's government has said yet that the offshore deal will not be taken into account in the new equalization structuring. Under the old equalization formula Newfoundland was paying Canada approxiamtley $1.10 for every $1.00 in oil generated??? What the PC government spews forth now is "The new equalization formula will look at all facets of the Canadian economy and we will do what is best for canada as a whole" To Newfoundland that means .... you have too few people for us to worry about pissing off. Newfoundland's "have-not" status will be no more in about 2 years if the current prices stay high and we can finally be a contributer to this Canadian federation.... and if they stay high (by high I mean over $50 a barrel) Newfoundland can start paying down its $11 billion dollar debt that we have accumulated since joining Confederation. Eleven billion? Pfft....the Liberal's can pocket and spend that it in twenty minutes. Don't worry, soon and I mean REAL SOON, the US economy is going to tank and we will all move Alberta and NF. Me, I'll go for the fish and potatoes province......I'll bring the plates. |
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Post by franko on Dec 26, 2006 18:01:11 GMT -5
Still waiting for the drop. Still waiting . . .  |
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Post by princelh on Dec 26, 2006 22:33:32 GMT -5
Still waiting too!
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Post by Skilly on Dec 27, 2006 13:32:34 GMT -5
103.6 .... rises in the winter because the cold, rises in the summer because everyone goes out of town on vacation ... any excuse will do it seems.
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Post by franko on Mar 11, 2007 15:52:48 GMT -5
Still waiting . . . you promised!
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