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Saudi Arabia declares oil price war on fellow OPEC (and non OPEC)members.


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5 hours ago, Ryan Strome said:

So far I can agree. Are you going to force private companies to sell at a discount?

Depends on the formula used.

 

When oil prices are up...then it'll be a loss for Private companies.   When oil prices are down (like now)...then it'll be like a gain.  Win some, lose some.  Not attractive but it'll be steady revenue. 

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1 hour ago, BPA said:

Depends on the formula used.

 

When oil prices are up...then it'll be a loss for Private companies.   When oil prices are down (like now)...then it'll be like a gain.  Win some, lose some.  Not attractive but it'll be steady revenue. 

Actually I think that is the most important hurdle to overcome. So like I suggested before to you what if selling at a discount to Canadians is recouped via Ottawa returning it's royalties back to companies?

No company is going to sell their product at a discount, they will just close up shop. So how do we compensate the loss for Canadian sales? Again imo best case scenario is Ottawa gives up it's royalties. Let's be real, the consumer still wins, Alberta likely ends up transferring more money through equalization so in reality would it even hurt Ottawa that much? Canadian consumers win and Albertans win.

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AIMco just lost over $4 billion dollars.

 

For those wondering, that's the Alberta Investment Management Corp.

 

Here is what they maintain and manage.

 

https://www.investopedia.com/terms/a/alberta-investment-management-corporation-aimco.asp

 

This is just starting to get ugly and tomorrow doesn't look to be better as some announcements regarding storage capacity are expected to hit the markets

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20 hours ago, Ryan Strome said:

I simply told someone they might enjoy a specific post. I think your Trump thread misses you. Bye, yankee.

I don’t know why you’re wasting your time arguing with someone who works at the pine centre mall, piercing ears for a living. Clearly he’s an expert in all things industry, everywhere. Ever.

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3 hours ago, Standing_Tall#37 said:

I don’t know why you’re wasting your time arguing with someone who works at the pine centre mall, piercing ears for a living. Clearly he’s an expert in all things industry, everywhere. Ever.

Your ability to analyze who people are based on their posts is WAY WAY off.  Don't work at Pine Centre Mall.  Don't pierce ears for a living.  Never claim to be an expert on anything.  Looks like it may be a waste of time arguing with you since you can be so wrong about people.

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15 hours ago, Ryan Strome said:

This is why so many in Alberta were pizzed our government gave medical supplies to the likes of you.

I've never once heard you say "thanks" to people outside of Alberta making high wages and all they "gave" to Canada. Nows your chance. 

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4 minutes ago, Jimmy McGill said:

I've never once heard you say "thanks" to people outside of Alberta making high wages and all they "gave" to Canada. Nows your chance. 

And you never will.

 

Notice how every post is Alberta centric.  There is literally no clue about how things work outside of their borders.

 

How many times have we literally screamed how equalization payments are derived?  Only to hear immediately after "educate yourself" or "Alberta does more than everyone else" or one of my favourites "if we could get back $20 billion, $650 billion" 

 

You'll never hear a thanks because the cognitive dissonance is strong it's deafening.  Like living in a one man echo chamber

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5 minutes ago, Warhippy said:

And you never will.

 

Notice how every post is Alberta centric.  There is literally no clue about how things work outside of their borders.

 

How many times have we literally screamed how equalization payments are derived?  Only to hear immediately after "educate yourself" or "Alberta does more than everyone else" or one of my favourites "if we could get back $20 billion, $650 billion" 

 

You'll never hear a thanks because the cognitive dissonance is strong it's deafening.  Like living in a one man echo chamber

its the result of generational bull $&!# being spread. I think he even blamed the NEP a few pages back for not being Norway :lol:

 

 

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22 minutes ago, Jimmy McGill said:

its the result of generational bull $&!# being spread. I think he even blamed the NEP a few pages back for not being Norway :lol:

 

 

He did, after spending years saying "don't compare us to Norway"

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41 minutes ago, Jimmy McGill said:

its the result of generational bull $&!# being spread. I think he even blamed the NEP a few pages back for not being Norway :lol:

 

 

 

19 minutes ago, Warhippy said:

He did, after spending years saying "don't compare us to Norway"

Actually you're both incorrect but today ends in y so no surprise. 

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1 hour ago, Jimmy McGill said:

I've never once heard you say "thanks" to people outside of Alberta making high wages and all they "gave" to Canada. Nows your chance. 

 

1 hour ago, Warhippy said:

And you never will.

 

18 minutes ago, Ryan Strome said:

Sure was nice of Alberta to allow them to make big money.

I mean....I'm not wrong

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8 minutes ago, Jimmy McGill said:

so what do you blame for not being Norway? 

Trudeau Sr.  The libs.  Quebec.  The NEP.  Chretien.  Quebec.  Trudeau Jr.  BC.  Quebec.  Trudeau Jr.

 

 

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4 minutes ago, Jimmy McGill said:

we've officially crossed the line to having way too much time on our hands :lol:

It's good to be creative though. 

 

Researching more on AIMco.  There's some scary things going on tying that particular investment group to resource

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Quote

Why WTI Crude Oil traded at minus -$37

Imagine the following...you pay $500 today and commit to receiving an escort at your house in 15 days. Cos your wife is traveling. This is called a futures contract. 

Unfortunately, lockdown came and your wife will be home for the next 60 days. 

You do not want this woman to show up at your house at all and try to pass this futures contract to someone else. 

Only you cannot sell this commitment because nobody can receive the escort at home anymore. Everyone is in full storage (their balls) with wife. 

To make matters worse, not even the pimp (Chicago Mercantile exchange) has more room to receive girls because his house is crowded with girls.

So you will pay anyone just to take the girl off your hands. 

Do you now understand why oil has a negative price when the contract is delivered?

 

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3 hours ago, thedestroyerofworlds said:

Your ability to analyze who people are based on their posts is WAY WAY off.  Don't work at Pine Centre Mall.  Don't pierce ears for a living.  Never claim to be an expert on anything.  Looks like it may be a waste of time arguing with you since you can be so wrong about people.

Okay. Spruceland shopping Center.  I may have been so wrong about which mall you work at.

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