Despite its shortcomings, Canada is not an economic basket case​

[chuckChuck]

You guys can't bear the thought that the oil sands and oil industry are dragging down our productivity?

The oil industry, although important to our overall economy, is like a vacuum that sucks up large amounts of capital that could be invested in other sectors that would generate higher productivity.

Instead the petro premiers keep giving large incentives and subsidies to their oil company supporters which turns into excess profits for the petro elite.

Of course PP stands up for the little guy and will never speak against the generous subsidies to the oil industry and his petro buddies and their lobbyists that he never speaks too!

And the conservatives fall for PP's man of the little guy crap everytime!

[furrowtickler]

Lol, you must be smoking some good stuff every morning

[jazz]

Speaking of basket cases

Name an industry more productive than the O&G. The industry literally backstops our currency.

200,000 people working O&G contribute $290B to the economy. And the product output is 100:1 human labour. There is nothing on this planet as productive as O&G. Thank god we have it and cant wait for Dani to double it.

[chuckChuck]

Thats all you got Furrow? A lame response with no susbtance?

So the oil sands got a very low royalty rate untill all the capital costs were paid off. It was a generous subsidy to get the petro elite to invest their capital in what is a sector with low productivity.

[kANOLA]

Thats all you got Furrow? A lame response with no susbtance?

So the oil sands got a very low royalty rate untill all the capital costs were paid off. It was a generous subsidy to get the petro elite to invest their capital in what is a sector with low productivity.

Quit your whining about profits and invest. But you would probably rather complain. By the way they are not going away any time soon, oil demand is still on the rise and will be for decades.0

[AlbertaFarmer5]

ulLarge amounts of capital that could be invested in other sectors that would generate higher productivity.

Such as? Can you provide some examples of industries in which you would invest your Capital which would generate higher productivity?

[chuckChuck]

Ask Peter Philips. Because he says are productivity is about the same as the US once the oil industry is taken out of the calculation. So that would indicate that many sectors have higher productivity than the oil patch.

Despite its shortcomings, Canada is not an economic basket case

Jun 6, 2024, 06:36

"Let’s start with productivity. Oliver Loertscher and Pau Pujolas, professors at McMaster University, have done a deep dive into productivity growth and concluded that its observed stagnation in Canada in the past 20 years is almost entirely because of the oil industry. When they netted out the oil components of the economy and looked at productivity in the rest of the economy, they found it rose at about the same rate as in the past and compared with the U.S."
?

Peter W.B. Phillips
Special to The Globe and Mail
Published Yesterday

Peter W.B. Phillips is distinguished university professor emeritus at the University of Saskatchewan’s Johnson Shoyama Graduate School of Public Policy.

[furrowtickler]

Thats all you got Furrow? A lame response with no susbtance?

So the oil sands got a very low royalty rate untill all the capital costs were paid off. It was a generous subsidy to get the petro elite to invest their capital in what is a sector with low productivity.

What’s lame is 98% of what you post on here

[jazz]

Canada only has 4 industries chuck. O&G/Mining, Ag, Forestry & fisheries and housing/RE speculation.

Where do you suggest we put extra capital. Sorry EV unicorns and renewables are a fairy tale. Nobody is going to buy an EV from Canada when the chinese are pumping out those disposable toys like candy.

The Trudeau govt has ensured that Canada will be capital starved while they run off trying to build 4m more houses for our runaway immigration system.

[AlbertaFarmer5]

So that would indicate that many sectors have higher productivity than the oil patch.

Such as?
Can you provide some concrete examples?

[foragefarmer]

Canada only has 4 industries chuck. O&G/Mining, Ag, Forestry & fisheries and housing/RE speculation.

Where do you suggest we put extra capital. Sorry EV unicorns and renewables are a fairy tale. Nobody is going to buy an EV from Canada when the chinese are pumping out those disposable toys like candy.

The Trudeau govt has ensured that Canada will be capital starved while they run off trying to build 4m more houses for our runaway immigration system.

Housing (and what investment isn't speculative) what a return on investment the past 20 years.

Didn't you post something about unloading condos a while back?

But, you and the other guy on Agriville keep holding on to that 2030-2035 commodity supercycle dream while the present housing investment opportunity just steams along.

[AlbertaFarmer5]

Thank you for posting this forage. You're not alone in confusing inflation with return on investment.

[shtferbrains]

while the present housing investment opportunity just steams along.

Are you talking rentals or are you flipping rebuilds???

How do you cash it without buying back in?

I know a few people that are in that game.

[TSIPP]

What’s lame is 98% of what you post on here

Your numbers are way low.

[foragefarmer]

Are you talking rentals or are you flipping rebuilds???

How do you cash it without buying back in?

I know a few people that are in that game.

The people you know are in the right game.

Based on your post's on Agriville, I've always question the handle you've chosen. I mean that in a good way

It's good to be humble.