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We need to pray for wisdom and encourage our leaders... not throw rocks at them... they have the toughest job of anyone except/next to health care workers in ICU and hauling out the dead bodies...or dairy farmers dumping milk down the drain.
Try stopping milking cows and see how well that goes when we need milk in a month...
Easter Blessings! We pray for wisdom for our MP'S and MLA'S...PM and PREMIERS. Many blessings, safety, health, and good seeding weather!
Tom, in the states today, they basically have stopped milking the cows. Milk is being poured down the drain everyday because there is no market for it. Cheaper for the farmer themselves to pour it down the drain then to pay someone to haul it away.
We need to pray for wisdom and encourage our leaders... not throw rocks at them... they have the toughest job of anyone except/next to health care workers in ICU and hauling out the dead bodies...or dairy farmers dumping milk down the drain.
Try stopping milking cows and see how well that goes when we need milk in a month...
Easter Blessings! We pray for wisdom for our MP'S and MLA'S...PM and PREMIERS. Many blessings, safety, health, and good seeding weather!
So where is God in this? Hasn't shown up for work healing anyone or performing any miracles, must not be an essential service. Is he in isolation too?
tell me, how do you recoup costs if you get paid nothing for what you produce and in fact have to pay someone to take it.
in your farm example, you would have less expenses to leave the crop in the field than if you had to actually pay someone to take the crop (note in negative pricing you do not get paid anything for what you are selling and in fact your costs increase because you are paying someone to buy your asset)
So when the price of canola was $9 earlier this year did any farmers sell at this or did they wait to sell? It doesn't matter because at that point in time the price was $9.
The same as when the price goes negative on oil. Does that mean there will still be oil flowing on anything except that which for a whole host of reasons can't be stopped that quick? It doesn't matter because that is still the price offered that day.
Kenney's prediction of 25% unemployment looks grim.
Albertans are going to be dependent on the rest of Canada for support until the demand for oil returns to more normal levels.
Kenney is spending taxpayers dollars on pipelines. And considering asking for import tariffs and production cuts that don't really fit with the Conservative playbook. Desperate times call for government intervention even in Alberta.
Upon reflection, the only way to make a comparison would be to spend the money putting seed , fert and spray into your crop and then tell the farmer to just leave it in the field, dont harvest it. Would you do that? No. Because even if grain prices tanked like oil has, you would still want to recoup some of your costs while not incurring more costs trying to make fields seedable next year
In most of Agriculture the marginal land gets seeded back to grass or not used when prices of grains drops enough. The low price of oil needs to idle the oil production in the marginal areas. The low prices of oil for the last 5 years has caused a large loss of jobs in Alberta and now the spin off industries like car sales, bars, etc are going to really feel the long tail of pain. I don't see oil ever coming back to its former glory. Going the way of Agriculture.
So what is Alberta going to do to employ all these previous oil patch workers? I have no idea. Hopefully technology jobs can expand.
Canada is also in trouble as the big transfer payments to support much of Canada from this oil money is going to dry up.
Lots of changes coming in the next 10 years. If you have modest amounts of money be prepared for the governments to pick your pockets hard. If you have lots of money, you have already left the country and moved your cash to safer places.
Alberta doesn't make transfer payments to the rest of Canada.
They do however pay a lot of federal tax because of high incomes and a high per capita GDP.
This downturn is going to hurt every Canadian. But Alberta will suffer more because they are so dependent on the oil industry.
Is this the the time for Alberta to get serious about diversifying its economy?
If Kenney wants to pick winners and losers with taxpayers money why doesn't he invest in more food processing and help build agriculture and food related jobs?
Why invest only in the tar sands that are not going to be a good long term investment?
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