Oil war

[blackpowder]

An unsettling reminder that those without democracies call the shots.
Undemocratic nations that don't give a flying fig about public perception regarding anything about carbon other than burn baby burn.
It will hide our carbon tax nicely and make Eastern Canadian oil cheaper.
All the should we shouldn't wes' about resources are moot when nobody wants them. Try to raise yourself economically now. Develop that new economy paid for with rainbows and debt.
We are smug naive fools. Reap what you sow.

[blackpowder]

And to think all the old oil money that is pampering and supporting the muzzle on our economy. From Trudeau's trust fund to the Rockefellers. Oh the irony.

And don't give me any crap about no money in $20 oil. They want it shut in at any price. Build a New Economy now you idiots.

[Guest]

On the contrary. Just because its cheaper doesn't mean I will use more. I am committed to reducing use as much as possible. Lower priced inputs mean higher profits for the farmer. Are you in favour of higher fuel prices and giving more of your profit to the oil companies?

Please, Give me a fu cking break

[Oliver88]

I am not, but the way you talk, you shouldn't be using any carbon based energy in the first place. You are a major hypocrite if you do.

The lefty environmentalists don’t seem to bother Saudi, Russian, Nigerian or Venezuelan oil companies only an easy target like Western Canada.

Hypocritical climate alarmists will be ordering extra fuel tanks is diesel goes down to 60 cents again.

[Oliver88]

Kaboom......crude oil futures down 20%+ in overnight trading.

Saudi Arabia and Russia will keep prices down for a while.

[bucket]

Federated will keep stealing western Canadian's money...

They have the lowest feedstock cost... and some of the highest fuel prices...

[Crestliner]

Oil down 30% now......lots of money to be made in the chaos...

[Oliver88]

Federated will keep stealing western Canadian's money...

They have the lowest feedstock cost... and some of the highest fuel prices...

Assuming Unifor doesn’t break the law and start blocking truckers again, diesel fuel will be back in the 70’s shortly.

Big margins though, hopefully decent dividends.

[Hamloc]

Ok, just looked at the markets, Brent crude trading at $35.90 for May in overnight trade. I would say this looks very bad for opening trade tomorrow.

[macdon02]

Where is the Canadian dollar going to end up with oil going down?

.63 initially. If we are not at war in 48 hours, it will be because the President of the US has decided not to. I suspect he's getting absolutely hammered with reasons right now. Say a little prayer tonight, if it was anyone else, the missles would be in the air right now. This is an absolute prime environment for war breaking out. They need a distraction and someone WILL default this week. Commerz, Deutsche, they are done.

[biglentil]

Down 10.65 a barrel now about to see the twenties wti. Crazy

[biglentil]

Just WOW wheels coming right off boyz.

[AlbertaFarmer5]

Wasn't long ago that low oil prices were considered good for the world and US economy, must have been before the shale revolution.

Is there any reason why the US can't isolate themselves from this, and let the rest of the world battle it out to be the lowest cost producer? They spent decades having an export ban to protect domestic supplies, any reason they won't institute an import ban (or at least a minimum price, below which imports aren't permitted). Not a good outcome from a Canadian perspective, but seems like a probable outcome. We would then have no choice but to join the US.

This may finally be the point where low prices cure low prices(eventually).

[macdon02]

[helmsdale]

We just grabbed a 2 handle...