Crude

[LEP]

**** me forage, we have crop insurance for production issues, agrastability for revenue issues and agar invest for anything in between.

Don't see anything like that in the patch.

[LEP]

I am not here advocating for govt money to go into the oil patch, just don't pile on when things are bleak.

You said the price is low so quit producing ... Perhaps you are saying they should exit and head to another industry, so...

Anybody on here remember the rallies in Saskatoon asking for deficiency payments or BSE? Maybe you should have change to another industry.

[iceman]

Forage you can be my wingman any day.

Lease hands stop asking if I want fries with that

[foragefarmer]

Lep

And what is exactly is left of Aginvest and Stability, nothing. As for Crop Insurance I have never collected it. Besides I don't recall wheat being $20 a bushel a couple of years ago. Are you telling me big oil hasn't never caught a break from government on occasion.

Big oil made billions and they were all aware that oil runs in cycles, I'm sure they will survive!!!

[LEP]

Hope you enjoy .60 cent calves.

[foragefarmer]

Cattle farmers are finally making a little money after ten prior years of crappy prices and managed to survive, and if prices drop they'll still make it work. Big oil had 6-7 great years of great prices and now your saying the government should make policies to help them compete in the world market. Very confusing!!!!

[furrowtickler]

Rumour is that a Husky just canned a huge chunk of projects and jobs two days ago . This is the second round I believe .
I still believe that a major housing crash is here in western Canada. This screams of the 2008 housing collapse in the U.S.

[LEP]

Forage don't misstate what I posted very clearly.

I said no new money, and don't pile on new royalties and carbon taxes.

[perfecho]

We have been here before.....

From Wikipedia, the free encyclopedia

The 1980s oil glut was a serious surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil, which had peaked in 1980 at over US$35 per barrel ($101 per barrel today), fell in 1986 from $27 to below $10 ($58 to $22 today).[2][3] The glut began in the early 1980s as a result of slowed economic activity in industrial countries (due to the crises of the 1970s, especially in 1973 and 1979) and the energy conservation spurred by high fuel prices.[4] The inflation-adjusted real 2004 dollar value of oil fell from an average of $78.2 in 1981 to an average of $26.8 per barrel.