Thirsty Thursday it’s almost Friday!

[jazz]

dml, funny how all of harpers spending still stayed on Canadian soil while he actively nurtured trade and resource development. Do you have a rationale for the liberal govt spending 20B of our money overseas and another 5 billion to bring in the unskilled dependent immigrants who will be using govt funds forever. Now count the resource projects cancelled at another 100B and the investment that has left Canada at another $100. Haven't even counted the losses expected from the resigned nafta.

The liberals have put Canada more than 250B in the hole in 3 yrs. Your hypocrisy and lack of economic knowledge is stunning and frankly alarming. Sure you are a farmer?

[foragefarmer]

Jazz

Put these numbers over the chart you have provided and have your answer to why foreign investment has declined in Canada. It's the price of a BARREL of OIL. In fact foreign investment started to to head south 2013-2015 during Harpos reign as PM. The funny thing was the foreign investment already started to decline in 2013 when oil was at $98.17 year end.

As for you questioning DLM as to being a farmer, is of no merit at all to the thread. Isn't that type of behavior that happens on Facebook



Crude Oil Prices - Historical Annual Data
Year Average
Closing Price Year Open Year High Year Low Year Close Annual
% Change
2019 $52.08 $46.54 $55.26 $46.54 $52.72 16.10%
2018 $64.90 $60.37 $76.41 $42.53 $45.41 -24.84%
2017 $50.84 $52.33 $60.42 $42.53 $60.42 12.47%
2016 $43.58 $36.76 $54.06 $26.21 $53.72 45.03%
2015 $48.72 $52.72 $61.43 $34.73 $37.04 -30.70%
2014 $93.17 $95.14 $107.95 $53.45 $53.45 -45.55%
2013 $97.98 $93.14 $110.62 $86.65 $98.17 6.90%
2012 $94.05 $102.96 $109.39 $77.72 $91.83 -7.08%
2011 $94.88 $91.59 $113.39 $75.40 $98.83 8.15%
2010 $79.48 $81.52 $91.48 $64.78 $91.38 15.10%
2009 $61.95 $46.17 $81.03 $34.03 $79.39 78.00%

[jazz]

FF, do you know anything about the oil business? I worked in the patch for 10 yrs. Companies do not spend 100s of millions of dollars building facilities if they cant weather a few yrs of bad prices. Companies use many strategies to carry through those times.

What they cant weather is a hostile govt who blocks their resource at every turn which is what happened under Trudeau with Obama in the mix. That's why they left and are leaving. $100B cancelled projects along with $100B in lost investment adds up to a lot of wealth gone. Add in another 80B debt and we are fd. You gonna really tell me this was harpers fault. Good god.

[Horse]

Jazz wow 10 yr in the patch and you are am expert,makes me feel good knowing how smart i must be with over 50 yr farming experience.

[jazz]

Jazz wow 10 yr in the patch and you are am expert,makes me feel good knowing how smart i must be with over 50 yr farming experience.

Buddy I worked right in the core as an engineer. I costed, designed and built oil field facilities including work on the Keystone pipeline. I know that business and I know for a fact if the regulations weren't tilted against these companies like Trudeau has done they wouldn't be moving out of there. You don't spend billions on facilities just to sell them a few yrs later and get out of dodge.

[SASKFARMER3]

Blah blah blah is all I here from you critics. Now I’m not working because I’m gone in the winter wow. I don’t drink American beer.

How about work hard and try for a better life and have a plan and follow and enjoy life.

Trudeau is destroying canada with useless regulations that are Ment to crush oil and gas and wait he’s coming after agriculture in canada next.

Liberals are amazing at blaming others for their brain dead ideas.

But it’s all harpers fault.

[dmlfarmer]

dml, funny how all of harpers spending still stayed on Canadian soil while he actively nurtured trade and resource development. Do you have a rationale for the liberal govt spending 20B of our money overseas and another 5 billion to bring in the unskilled dependent immigrants who will be using govt funds forever. Now count the resource projects cancelled at another 100B and the investment that has left Canada at another $100. Haven't even counted the losses expected from the resigned nafta.

The liberals have put Canada more than 250B in the hole in 3 yrs. Your hypocrisy and lack of economic knowledge is stunning and frankly alarming. Sure you are a farmer?

1. Foreign aid has not gone up significantly under Trudeau and as a percentage of GNI in Canada was actually higher under Harper than Trudeau. And in constant dollars, the highest Canadian foreign aid ever was actually in 2011-12. http://aidwatchcanada.ca/wp-content/uploads/2017/05/May-2017-Table-of-Canadian-ODA-1980-2017.pdf http://aidwatchcanada.ca/wp-content/uploads/2017/05/May-2017-Table-of-Canadian-ODA-1980-2017.pdf
And to answer you question, my rational is likely the same as Trudeaus and Harpers: a moral responsibility, living up to global agreements made with regard to foreign aid, foreign aid tends to be much cheaper than war, future trade benefits with countries we help, and by assisting someone to be able to live in their home country makes it much less likely they will either seek refuge status in Canada which is more costly, or develop such hatred for our better lifestyle they are prepared to attack our lifestyle.

2. Show me where you get the 5 billion more for unskilled immigrants who will be on funding funding forever because I think that is simply anti immigrant rhetoric. Sounds like a Fraser Institute study that found immigrants are costing Canada 23 billion a year. However, I would like to point out this study was published in 2011 long before Trudeau. Humm who was the government of the day then?. https://nationalpost.com/news/canada/immigrants-cost-23b-a-year-fraser-institute-report https://nationalpost.com/news/canada/immigrants-cost-23b-a-year-fraser-institute-report

3. Oilprice.com reported $380 billion worth of resource development projects were cancelled world wide in 2014 and 2015 and blames it on the fall in energy prices. Given this time period was before impact of Trudeau energy policies and the fact the cancellation was world wide, not sure how you find all the cancellations in Canada were Trudeaus fault and not as a result of the drop in energy prices that caused cancellations everywhere else in the world. https://oilprice.com/Energy/Crude-Oil/27-Billion-Barrels-Worth-Of-Oil-Projects-Now-Cancelled.html https://oilprice.com/Energy/Crude-Oil/27-Billion-Barrels-Worth-Of-Oil-Projects-Now-Cancelled.html

4. And the new NAFTA which was forced on Canada and Mexico by Trump, may be signed but it has not been ratified or put into law into any of the 3 countries so not sure how you can blame Trudeau for costs which may not even happen.

Finally, I am a farmer, with an economics background, who is extremely interested in knowing what I have posted which is hypocritical. Please enlighten me!