Saudi Oil Minister

[Hamloc]

Saudi Arabia's oil minister said on Tuesday that he would prefer higher priced oil but that they can withstand 20 dollar oil until the high cost producers are driven out. The Saudi's want oil sands in Alberta shut down. Eastern Canada keeps buying Saudi oil. I think job prospects for young Albertan's just took another hit. I know few people feel sorry for Albertan's but what tax will our governments raise or create to continue to finance their big spending? Governments only care about their own survival so bigger deficits and higher taxes are coming!

[15444]

Sunshine and happy days.

[15444]

Sunshine and happy days.

[riders2010]

Maybe should deal with the reality of all of it. Selfie is on his path and Saudis are on theirs. Have to start being realistic about oil future also. Start looking at other opportunities with a low oil price.

[ajl]

Trudopistan will suffer the same fate as Greece. When will westerners wake up and cut the east loose? As far as other opportunities, their isn't anything. Canada's manufacturing is not going to compete with the Chinese who will be selling there exports cheaper and cheaper. We all need to pray that India's monsoon will be weak again so that the price of peas is higher than $6 this fall.

[perfecho]

Do you think things would have been different if we hadn't told the east to "Go freeze in the dark!" Maybe we should have done some sort of NEP? It was easy selling the oil the last decade or two, but now, things are different...
The Chinese bought a good portion of the oil sands, I thought for their own oil security, but I guess at this time oil is plentiful and cheap...so why worry.....so wonder if they prefer it to stay in the ground for later....thus no pressure for pipelines from them....

[Oliver88]

Meanwhile Eastern Canada imports Islamic terrorist oil from Saudi Arabia while rejecting a oil pipeline from the People's Republic of Alberta.

Sunni Days in Liberal voting Eastern Canada.

PM Selfie says let's take a surplus and create a $30billion deficit since its 2016?!

[binthere]

well if it was good enough for harper it must be good enough for trudeau

[farmaholic]

Who needs who more? It should be forced. ...just like the transfer payments. What could we possibly impose sanctions on from there? Cheese? Asbestos?

[perfecho]

Memories are short....We told Trudeau to go f himself when he tried to put in a national energy program...told them to go freeze...etc....Told them we didn't need them...so are you saying we were wrong?

[Oliver88]

Who needs who more? It should be forced. ...just like the transfer payments. What could we possibly impose sanctions on from there? Cheese? Asbestos?

Hold back transfer payments to Quebec.....than action would happen.

[farmaholic]

There's my point. Who needs who more? The oil economy will recover with or without their "blessing" on the pipeline but slowly turn the tap off the money pipeline and attitudes might change.

[boarderbloke]

Those job loses in Alberta and Saskatchewan are not just Albertans, they are also bluenosers, and New Brunswickers, Newfies and Ontarians. PM Selfie is too partisan realize this.

[Hamloc]

It was Peter Lougheed who turn the taps off on the oil sands to get a slightly better deal before signing the NEP back in 1980. It was Brian Mulroney who got rid of the last vestiges of the NEP 7 years later after oil prices had collapsed.

[grassfarmer]

Lots of mis-directed anger towards Eastern Canada, Trudeau and Notley over oil prices. Would have been no different with PC Government in AB and federally. We are high cost oil producers in the global playing field so naturally are suffering the most in a global turndown. Even if pipelines were built tomorrow we would still be among the highest cost oil producers selling into a depressed world market.