Oil war

[Integrity_Farmer]

Trudeau buys a pipeline Brent Crude today is $31.00 a barrel. For tar sands bitumen to be economically viable oil prices need to rise $85.00 to $95.00 a barrel. What a cruel joke this all is for the taxpayers.

[helmsdale]

Wow... if oil maintains this 30% down...

$500mil in assets literally gets vaporized!

[AlbertaFarmer5]

Trudeau buys a pipeline Brent Crude today is $31.00 a barrel. For tar sands bitumen to be economically viable oil prices need to rise $85.00 to $95.00 a barrel. What a cruel joke this all is for the taxpayers.

You might want to check your numbers, perhaps ask someone in the industry.

[sk_wheatking]

I wonder what bullshit excuses will come out for the price of fuel to stay where it is? Gas at the pumps should be 40 cents a liter by 8 am, if the price of oil went up 30% overnight they would be slamming ladders up against signs immediately to jump prices.

[Integrity_Farmer]

You might want to check your numbers, perhaps ask someone in the industry.

From oil sands magazine Factoring in blending and transportation, WTI equivalent costs increase to US$60.52 for SAGD and US$75.73 for a stand-alone mine. Those numbers are down 25% and 16%, respectively. The big jump in SAGD breakeven costs reflect the high price of diluent required to blend the bitumen product. Diluent (typically condensate) trades almost at par with WTI.

Those prices convert to $82.53 to $103.00 a barrel in Canadian dollars

[macdon02]

If 27.50 let's go here, i think the 1998 low is a possibility

[Robertbarlage]

$1.92 a gallon for diesel in US today in places think that's around 52cents a liter

[jazz]

. What a cruel joke this all is for the taxpayers.

You need to learn a lot more about this industry before you are qualified to make that judgement.

These companies often use capital from other operations to subsidize the operation to knock down the initial infrastructure costs. Once those are in line the break even price falls in half.

an oil sands mine has a 40 yr life it's profits multiply in the latter half.

Any one operating up there for more than 20yrs and went thru the price surge 10yrs ago is already in that zone. Suncor and Syncrude have been operating since the 70s.

You honestly think they are losing $30 a bbl and just keep doing it for fun?

[GALAXIE500]

I wonder what bullshit excuses will come out for the price of fuel to stay where it is? Gas at the pumps should be 40 cents a liter by 8 am, if the price of oil went up 30% overnight they would be slamming ladders up against signs immediately to jump prices.

I was thinking the same as you were SK Wheatking. However in this country, where we seem to pay triple to live here, the prices don't come down very fast , like they do south of the border . It really is too bad that our leader is so completely pathetic in every aspect of his leadership. The borders should be shut down. Just my opinion.

[wmoebis]

I wonder what bullshit excuses will come out for the price of fuel to stay where it is? Gas at the pumps should be 40 cents a liter by 8 am, if the price of oil went up 30% overnight they would be slamming ladders up against signs immediately to jump prices.

But Harper clamped down on price fixing and over charging. Way back in 2008.

https://www.ctvnews.ca/harper-wants-to-crack-down-on-gas-price-fixing-1.326220

[bucket]

I wonder what bullshit excuses will come out for the price of fuel to stay where it is? Gas at the pumps should be 40 cents a liter by 8 am, if the price of oil went up 30% overnight they would be slamming ladders up against signs immediately to jump prices.

If fuel prices don't drop.....just imagine the price when it gets back to 50 bucks a barrel...gouging and collusion....used to be illegal...

Federated co-op has made a billion dollar profit in each of the last 2 years...which is enough to balance the budget in Saskatchewan...and yet no one questions where that money disappears to....it is not coming back to the people that support them and it's not going into local facilities...poof gone...

[TASFarms]

If fuel prices don't drop.....just imagine the price when it gets back to 50 bucks a barrel...gouging and collusion....used to be illegal...

Federated co-op has made a billion dollar profit in each of the last 2 years...which is enough to balance the budget in Saskatchewan...and yet no one questions where that money disappears to....it is not coming back to the people that support them and it's not going into local facilities...poof gone...

I thought Federated gave $750 million back to the coop branches

[Integrity_Farmer]

You need to learn a lot more about this industry before you are qualified to make that judgement.

These companies often use capital from other operations to subsidize the operation to knock down the initial infrastructure costs. Once those are in line the break even price falls in half.

an oil sands mine has a 40 yr life it's profits multiply in the latter half.

Any one operating up there for more than 20yrs and went thru the price surge 10yrs ago is already in that zone. Suncor and Syncrude have been operating since the 70s.

You honestly think they are losing $30 a bbl and just keep doing it for fun?

Husky Imperial oil and Suncore all refine. I was speaking specifically about the Trudeau taxpayer paid Trans Mountain Pipeline to Burnaby. This pipeline was never economically viable and never will be. Why was it sold to the Trudeau government? Should the taxpayers fund this dog?

[Taiga]

Why was the pipeline ‘not economically viable’ according to you?
Do you believe the same regarding the existing line, of which they are simply twinning?
You realize the pipeline companies simply charge a fee for transmission through their pipelines, to which oil producers had over subscribed to be put on a waiting list to use the pipeline? Contracts signed for 20+ years.
The pipeline company gets paid irregardless of oil prices.
What are you even talking about? It is one of the most basic business models, simple to comprehend. You liberals are so brain dead it isn’t even funny.

[Oliver88]

Husky Imperial oil and Suncore all refine. I was speaking specifically about the Trudeau taxpayer paid Trans Mountain Pipeline to Burnaby. This pipeline was never economically viable and never will be. Why was it sold to the Trudeau government? Should the taxpayers fund this dog?

It was viable....this is why a private company planned to pay 100% of the cost!!!

Trudeau should of stayed the hell out of the way and the private sector would of paid for the pipeline.
He bought the pipeline for virtue signalling his carbon tax and gaining lefty environmentalists voters.

The pipeline is a huge benefit for the Canadian economy and every grain farmer will benefit with oil pipelines by not having the railways plugged up with oil.