Petroleum's prices are low
Iran's oil is starting to flow
A barrel is cheap
The Saudis all weep
And lower expect it to go!
http://reut.rs/1JNu0cg
Subscribe to:
Post Comments (Atom)
-
LEGO Americana Roadshow: Building Across America I just checked out this traveling exhibition from LEGO and was quite impressed. The scale ... -
Merry Christmas, everyone!
-
When we let politics trump science, people are needlessly put in harm's way. http://arstechnica.com/science/2017/01/self-censoring-fears...
This is for Steve S
ReplyDeleteCraig Froehle I will end you.
ReplyDeleteTime to invade someone to disrupt the flow and drive the prices up.
ReplyDeleteIt's creating havoc in every country that's dependent on oil exports.
ReplyDeleteThe Canadian dollar and oil both hit new 13-year lows Friday, while North American stock markets staged major sell-offs.
http://www.cbc.ca/news/business/markets-dollar-oil-1.3405067
Jim Douglas Suggestion: Be less dependent upon oil exports.
ReplyDeleteSteve S On it. Step 1: Fire the Conservative government that spent their decade in office doubling down on a resource-based economy.
ReplyDeleteStep 2:
KITCHENER, Ont. - Shifting away from reliance on oil and other commodities is key to Canada's economic recovery and future growth, an upbeat Prime Minister Justin Trudeau said on Thursday.
Speaking at the opening of Google's new Canadian headquarters, Trudeau acknowledged the pain many people are feeling amid an unprecedented slump in oil prices.
http://www.montrealgazette.com/business/justin+trudeau+optimistic+about+ability+diversify+economy/11652085/story.html
Saudis don't weep yet. Middle East and Russia oil has a production cost pretty low, around 10-20$/bbls.
ReplyDeleteThose weeping are the rest of the world but more importantly UK, Norway, Nigeria, Indonesia, Brazil, USA, Angola, Canada and even Mexico...
Olivier Malinur Yup. Alberta oil producers are currently losing money on every barrel they pump.
ReplyDeletehttp://business.financialpost.com/news/energy/at-22-three-quarters-of-oilsands-producers-are-underwater-and-losing-3-on-every-barrel