Shows how stupid it is to base your economy on oil

[riders2010]

Should have dropped the domestic price long ago and promoted ourselves as a place to develop other industries using cheap oil. But since oil has been so high we were all giddy about those high prices and just those high paying jobs in oil when we should have focused on having an advantage business wise with oil as a cheap ingredient.
With Iran and Saudis pumping out more and more this could be a very long run. Shouldn't have had our country run by oil puppets.

[ColevilleH2S]

Replace the word oil, with wheat, then report back.

[Ache4Acres]

We can't out compete the rest of the world on the production of any commodity. We are burdened with regulation and environment constraints that the rest of the world doesn't have to bother with.

In the past it was the quality of Canadian grains that commanded value in the world trade, now the world is at record inventories of nearly all commodites due to overproduction and quality is An afterthought.

Low interest rates are the cause of low oil prices.

[riders2010]

Have to open up the mind and admit what he situation is. The reason people can't pay for our products off the farm is one the middlemen are screwing us and two because everyone paying so much for oil can't afford to pay for food. When oil
Prices went up a few cents every item went up, has it home down now? No and why not?

[cottonpicken]

It's the whole value chain. The welder needs a wage to pay for everything under him like insurance on a vehicle and the person selling the insurance needs a wage and so on and so on its not the proper term but I haven't found another it's cost push inflation-the bad kind

[hobbyfrmr]

My Dad had a grade 8 education. He was never judgemental about anyone, or anything really. It was either good or bad. The end.
His only insight about business, work, and farming was, "its not what you earn, its what you keep, and how you manage it".
I have seen commodity (grain/cattle hogs) prices absurdly low, long enough and often enough to induce lifestyle changes and/ abandonments. The fabric of western Canadian farms and towns have become threadbare as society has chosen to embrace all things oil, right down to the ****ing totally, totally useless plastic trinkets in a Happy Meal(TM). That small town fundamental raising is what made us who we are. That shit is "old school". There is going to be some discomfort.
Life is not supposed to be comfortable. Thats why we are all fat!
I am getting some general questions from laid off oilfield workers about doing some tractor work in the spring. i am conflicted. Keep the old guy who is on pension and provides exceptional value, or take on a younger person who needs the money but doesnt understand discomfort and lower wages?

[fjlip]

BNN stated Norway cost for producing a barrel of oil is $6 USD, Alberta $30USD. Currently heavy crude selling for $8 USD.

Industry going down the drain. Pus Iran will dump more oil soon. Never listen to anyone saying we are running out of any commodity!

The pain here ...http://www.victoriabuzz.com/2016/01/one-mans-letter-to-trudeau-strikes-a-chord-with-struggling-oilpatch-workers/

[furrowtickler]

Would be interesting to see how OH&S has influenced that $30 cost - my guess at least $10

[tmyrfield]

Pretty simplistic to think that anything can be done in
canada without oil. Economy is tough with expensive oil but horrible with cheap oil and expensive energy, somehow we have come to that. Historians will study this in future years. If you are under the belief that it would be good for the oil industry be nationalized and turned into a public utility when oil was $100 it should be a nobrainer at $30. Cheap energy for all. Venezuela tried that...not working so good. Show me 3 instances where government ran the economy and everyone prospered, just kidding show me one!

[FarmRanger]

Shows how stupid it is to base your economy on the whims of government.

[URL=http://victimsofcommunism.org/quiz/donate-pdf.php]This is what total government control leads to...[/URL]

Oil is just one of many things that can bring wealth to an economy, it just happens to be a valuable energy resource at this time in world history. Wanting to shut down the development of any area of the economy reeks of central planning. Taxing the crap out of oil prduction isn't much better. Throughout history, central planner's picking of winners has only ever led to misery to a nation's citizens.

[TOM4CWB]

Riders2010,

What virus has infected you... to write 'Shows how stupid it is to base your economy on oil'

We in western Canada [actually in all of Canada] have been blessed with enough energy to provide for our people... and many in the USA as well.

The people of Canada... are the Gov... not the reverse. Saying that we should have feathered your nest... with cheap energy.... has been tried globally... multiple times... including here with the Trudeau Energy debacle in the 70-80's. This made eastern Canada depend on Gov steroids... instead of productive output. Economic QE and money supply are important... but the lack of productive output of a nations economy... weather caused by war... or a lazy state of mind... drags down the civilization... into caos.

Your comment... is the latter... we must work for our daily needs... especially in a cold northern climate where added energy keeps us alive. Hence the infrastructure... to provide for the need to stay fed and warm.

Computers have not given us an edge in economic prosperity in the last 10-15 years... just the ability to see what is going on anywhere... any time.

Nothing has actually changed. Good will and a humble sharing attitude is required to provide for the needs of our community whether local or global.

Cheers, I hope you get over your virus soon!

[riders2010]

Need to get over the brain wash and look out for the good of everyone not just those that have oil wells on their land or drive a truck for 500 a day which drives up the cost for everything for all the rest of us.

When oil was high there was Zero benefit to my farm. The rest of the world doesn't want our oil and quite frankly doesn't need it. But because we re supplying this cheap oil to other countries those countries are going to develop industries based on this cheap oil. Yet here we re paying way too high price for a resource right here. So remember hat trade deal???? Well guess who is getting cheaper oil our own oil cheaper and therefore going to outcompete all industries here in canada
How stupid!!!!