Bushel of grain worth more than a barrel of oil In Canada now?
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As usual policy makes a natural disaster and the collateral damage many times worse.
An oil glut/price war at the same time as consumption is going to dive. Nice
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Originally posted by agstar77 View PostThe U.S. could end the Saudis fun by cutting off military supplies. That won't happen because they own Trump.
What did Trudeau say about those armed vehicles again ? Oh ya , it’s a go
But no barley sales there , but that’s ok 👎Last edited by furrowtickler; Mar 19, 2020, 11:28.
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A barrel of Western Cdn Select (WCS) oil hit a low of $7.84 per barrel U.S. within the last 24 hours . . . the cost of two (2) Chia teas (complete with a stopper).
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Originally posted by errolanderson View PostA barrel of Western Cdn Select (WCS) oil hit a low of $7.84 per barrel U.S. within the last 24 hours . . . the cost of two (2) Chia teas (complete with a stopper).
1. Oil prices will rebound
2. Tea prices are going to implode or tea will disappear from the market altogether.
3. A black market for tea and oil will rise up with barter the means of exchange.
Meanwhile the USD put in a 3 year high today. As long as tea drinkers have USD they'll be fine
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Originally posted by furrowtickler View PostGood ðŸ‘
We should worry about keeping our own house in order here in Canada . The whole Trump derangement syndrome getting old lol .
CDN $ has lost close to a dime in last month. Very interesting how reliant our $ is on the energy sector and ironic that lefties HATE the energy industry.
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Alberta bitumen prices may go to zero (0), even negative is possible . . . .
With no sign of the global oil price war subsiding, supertanker rates have exploded as floating ocean storage with no port to head to. Apparently, 10 million barrel surplus daily is flooding into global markets. Super tanker storage capacity is said to be 1.8 billion barrels with about 800 tankers in-operation.
Texas and Suffield natural gas spot prices went negative over the past five 5) years, in other words, the market pays you to haul it away. This situation may force Western Cdn Select (WCS) into a similar situation without any abatement in the Russia/ Saudi war.
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