Crude Oil up close to 10% today

[errolanderson]

I hear your frustration and agree that the immense fat (during the good times) across global and Cdn energy industry makes it difficult for sympathy.

But energy is the key driver of western Cdn jobs and economy. Fed spending is totally out of control. And Alberta energy is now not there to help pull up the boot straps of these excesses. A true mess and a wake-up call in the making.

Our economy and family jobs desperately need western Cdn select oil prices to rise . . . and soon.

The global economic slowdown is apt to worsen into 2017. And the Trump rally (IMO) is now built on promises, not reality.

Yesterday's huge 10% rally in crude oil just shows how low energy prices are in real terms.

[furrowtickler]

Agreeded Oil prices probably low in real terms , but fuel prices sure were not.
Kinda like grain prices overall , especially wheat - very low in real terms . But we are told the same thing over and over - world is awash in wheat , as is oil, so suck it up.
We have to make due, or change our practices.

[bucket]

Trump is getting some big hitters on board.....these are not stupid people.....watching an interview with Wilbur Ross saying trump doesn't blink during negotiations. ...if an 80 year old businessman is ready as he said ....to leave his day job to support trump....there is something changing.

[tweety]

But energy is the key driver of western Cdn jobs and economy. Fed spending is totally out of control. And Alberta energy is now not there to help pull up the boot straps of these excesses. A true mess and a wake-up call in the making.

Energy can also be the key driver in an unrealistic, unsustainable, and overblown out of touch segment of the population that screws up every other industry. what AB isn't used to is living normal like the rest of us. Business still goes on in AB, a select noisy few miss the outrageous profits of the past decade, and that is what gets sensationalized as "out of work oil workers"

[oneoff]

Right on furrow et al (including parts of errol)

We need crude oil and natural gas and coal; until assets are sufficiently depreciated. T otherwise is to waste resources in attempting to switch over to alternatives that have their own liabilities; are not yet "ready"; are unproven and never will be the complete panacea that "environmentalists" are crusading for.

If oil is priced below cost of production (and inevitable reclamation and even a decent profit); then its more than just the industry that will suffer in the long run.

And just maybe the consolidation back into only major players isn't at all healthy. Some "junior" companies have been shown to be good for Sask in the past. They didn't all go bankrupt as some may believe. Some serious money was captured from the majors who seem to have an appetite and access to investor money that exceeds their capability to manage their exponential growth.

The old adage about 5 cents of wheat in a loaf of bread has a lot of truth in more than just farming.

[Partners]

Diesel going up 4 cents a liter at coop tomorrow.
Filling out tank with summer fuel before the increase.