Rex Murphy: That sound you hear could be the country fragmenting

[blackpowder]

I'm sorry, I was under the impression that The Ontario Teacher's Pension Fund was one of the larger investors in the country with $221B in the markets.
I'm involving myself with a Community Foundation that through it's peers has billions in the markets in trusts for charitable works with the returns.
Most arenas large or small carry a corporate donor name.
Oil company or Drug company, what's the difference? Aha, that's what I thought.
May I suggest a World Book Encyclopedia article from the 60s explaining how our economies work and how we all participate knowingly or otherwise?
It's not very woke as it is laced with a civic responsibility to educate and participate with pride.
My old set is gone but they are on Kijiji.

[chuckChuck]

So BP you don't mind if the oil companies take excessive profits off the backs of ordinary Canadians who can't afford it and dont have a pension plan or investments? Its a massive transfer of wealth to the oil elites in Canada and other shining examples like Saudia Arabia and Russia But that's okay?

Boris Johnson a good Conservative didn't think so.

[Hamloc]

So BP you don't mind if the oil companies take excessive profits off the backs of ordinary Canadians who can't afford it and dont have a pension plan or investments? Its a massive transfer of wealth to the oil elites in Canada and other shining examples like Saudia Arabia and Russia But that's okay?

Boris Johnson a good Conservative didn't think so.

Chuck2 why do you think we are in a situation where we are somewhat short of oil and natural gas? For me it is obvious. Government policy. Look in the EU. Forcing the transition to wind and solar generation. Disincentivizing their own fossil fuel production. Shuttering nuclear plants. Basing their natural gas needs on Russia. That was all before they shut the world down over Covid which then greatly lowered oil prices. For almost 2 years many oil companies spent very little on new exploration or went broke. Then governments opened the world back up and now expect more oil to come out of thin air but at the same time through policy and taxation are trying to get oil companies to reduce production. The brain dead governments now blame the greedy oil companies. Wow talk about hypocrisy and stupidity!!!!

[Hamloc]

Chuck2 when you were selling your wheat for $15 a bushel and your canola for $25 a bushel did you feel the government should charge you a windfall tax or did you refuse the higher prices and tell the elevators I only want $8 for my wheat and $12 for my canola?!

[blueversi]

A large percentage of Canadians live paycheck to paycheck at low or moderate wages and don't have savings or much of a pension.

So let us know when and how they they get to share in the windfall profits from the oil companies? The money is flowing from low income Canadians to the oil companies not the other way around.

Simple. Get a job in the oil and gas sector.

[blackpowder]

This isn't really a discussion forum. It's more pissing in the wind than exchange.
Collusion, price fixing, gouging, monopolies all against the law and should be. If they are caught of course.
I wish success for everyone in a system that allows me the same.
You can't consistently vilify core sections of your economy without repercussions.
You focus on the poor.
Okay. CPP and OAS rely on investing.
Tax income relies on a healthy economy.
The working poor are hurt by recession and inflation.
Everyone is participating in the market every time they purchase anything. Re-read that last, it is the key, and few grasp it.

Purchase wisely, be aware, and if you can't beat em, join em.
Here's hoping you forward sold and hedged most of 2022 crop using the market and it's tools to capture record income. You will need it.
And when your industry becomes a target, I will defend it's right to profits as well.

[blackpowder]

And regarding use of the catchy word "elite".
Gates, Soros, Bezos, Trudeau aren't???
How about Cargill, Weston, Walton???
And why would you not support Canadian resources while using Saudi/Russian???
Hope you like your fert bill this fall. 50% over last year. Maybe a Canadian Fertilizer Board is the answer.

[blackpowder]

Or maybe nationalize the oil, gas, and fertilizer. You know like Mexico, Venezuela, and Russia. Their poor are getting all the profits.
Trading one elite for another doesn't help I guess. Govts can't seem to generate wealth either.
Darn, well, the only thing we're left with is an open outcry marketplace with fair and legal checks and balances with occasional resets.
Caveat, you do need wise lawmakers though.

[jazz]

Anyone struggling and voting Liberal or NDP should learn to code. Zero sympathy.

[WiltonRanch]

Common thought has been of the rural urban divide creating calamity against our resource based industries and that is true to an extent. However, there are those who live among us for whatever reasons will vilify them even though their own survival depends on them. It is a cognitive dissonance cultured from personal held beliefs and living in their own echo chamber. Seen enough of this over the years with certain farmers not allowing oil exploration on their land. Not saying the oil companies were infallible neither but even when every other farm would have wells for years there’d be that one who’d not allow it and sometimes mess it up for everyone else to have some wells or even seismic. At the same time these people would have family members working in the patch. There’s a word for these people I can’t write on here. Typically most of them were card carrying ndp’s. Funny when they were out of the picture their successors let the oil in. It was their land and they had some rights to prevent some exploration but really selfish for neighbours who wanted it.