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

[Hamloc]

You gotta laugh about all the complaining about measuring productivity in the economy. That measure shows the oil sector has low productivity and that other sectors are increasing productivity.

Not only that, the oil sector takes a lot of excess profit from consumers but doesn't invest much in cleaning up the mess of abandoned facilities and leases they leave behind. It's irresponsible mismanagement of a one time resource!

"In 2022, oil and gas extraction companies made $270 billion in total revenue and $63 billion in profits in Canada, according to Statistics Canada."

23% profit! While Canadians were struggling to pay their bills?

Its a massive wealth transfer to the petro elite.

But you can bet PP and the petro premiers will never talk about the high cost of oil company profits!

Chuck2, when canola was approaching $25 a bushel what percentage was your profit? Did you consider it offensive? When the price of oil went down during Covid and oil companies were losing money did you consider that offensive? Do you believe government should dictate levels of profit for business?

[jazz]

In Alaska, every citizen gets $1000 month royalty cheque from oil. In Saudi, most of the country have no jobs, thye get cash from oil. In Canada we dont get a cheque, we get the luxury of supporting a whiny bunch of a-holes from Quebec.

Tell me chuck, what other part of the economy could do that. Uber drivers. Oil is the most intense resource and economic driver this country has got. Nothing in Canada has ever come close to it, nor will it ever. 1 barrel of oil is worth one mans life time of labour. The productivity from that resource is off the charts.

Chuck would have you believe we can replace oil with 7-11s or some sh*t. This is the mind of an economic literate. No way he put a 40 quarter farm together himself.

[sumdumguy]

While US advances we accelerate into the toilet. Our dollar hasn’t fully shown this disastrous regime. Americans will buy us out at 50 cents to the dollar. The world marches on laughing at the gong show that Canada has become.

[foragefarmer]

In Alaska, every citizen gets $1000 month royalty cheque from oil. In Saudi, most of the country have no jobs, thye get cash from oil. In Canada we dont get a cheque, we get the luxury of supporting a whiny bunch of a-holes from Quebec.

Tell me chuck, what other part of the economy could do that. Uber drivers. Oil is the most intense resource and economic driver this country has got. Nothing in Canada has ever come close to it, nor will it ever. 1 barrel of oil is worth one mans life time of labour. The productivity from that resource is off the charts.

Chuck would have you believe we can replace oil with 7-11s or some sh*t. This is the mind of an economic literate. No way he put a 40 quarter farm together himself.

Jazz, just making a comment regarding payouts to Canadian citizen regarding oil royalty cheques, shouldn't it have happen when Harper was PM and oil was $150.00/barrel and the Canadian dollar was $.05 above the USA dollar?

[WiltonRanch]

Jazz, just making a comment regarding payouts to Canadian citizen regarding oil royalty cheques, shouldn't it have happen when Harper was PM and oil was $150.00/barrel and the Canadian dollar was $.05 above the USA dollar?

You forget at that time eastern Canada was flat as piss on a plate from the fallout of 2008. The country was living on oil revenues.

[sumdumguy]

There is no way Canada should be a basket case. With the resources we have been endowed with, productive land, abundant forests and our location between US and Europe, we should be one of the richest countries on earth. Its a crying shame that we are held hostage by the Laurentian elites and their Quebec buddies.

[blackpowder]

Jazz, just making a comment regarding payouts to Canadian citizen regarding oil royalty cheques, shouldn't it have happen when Harper was PM and oil was $150.00/barrel and the Canadian dollar was $.05 above the USA dollar?

It happened under Ralph.

[shtferbrains]

While US advances we accelerate into the toilet. Our dollar hasn’t fully shown this disastrous regime. Americans will buy us out at 50 cents to the dollar. The world marches on laughing at the gong show that Canada has become.

What could go wrong?

[foragefarmer]

You forget at that time eastern Canada was flat as piss on a plate from the fallout of 2008. The country was living on oil revenues.

year---- avg-- ---open---------high--------low------close--- % change.

?

2014	$93.17	$95.14	$107.95	$53.45	$53.45	-45.55%
2013	$97.98	$93.14	$110.62	$86.65	$98.17	6.90%
2012	$94.05	$102.96	$109.39	$77.72	$91.83	-7.08%
2011	$94.88	$91.59	$113.39	$75.40	$98.83	8.15%
2010	$79.48	$81.52	$91.48	$64.78	$91.38	15.10%
2009	$61.95	$46.17	$81.03	$34.03	$79.39	78.00%
2008	$99.67	$99.64	$145.31	$30.28	$44.60	-53.52

?

Some mighty good yearly averages 2011-2014. Can't blame a hangover after the second day, so to speak.

Not sure we'll see a string of years like this till the 2030-2035 commodity supercycle that a few on Agriville are wagering the farms on.

Maybe we all should be demanding the PM of Canada have a bit of foresite when we cast our votes, and not someone for the sake of change.

Just saying.

[cropgrower]

What could go wrong?

the 4 of them shud be looking out trough the bars of a jail cell

[jazz]

Saudi is able to have a royalty for its citizens for several reasons;

1. Smaller domestic population, zero immigration
2. Larger oil production
3. Been investing oil profits in US markets for 75 yrs.

Canada totally missed the boat fighting language wars and tin pot ottawa tyrants still wed to the hinterland idea.

[furrowtickler]

An entire country 1/3 the size of western Canada, that fully utilized its natural resources to pay for public services, not the absolute idiocy in reverse

Norway figured this out a long time ago as well
don’t kill wealth creation, work with it
wealth creation pays for social services , not the other way around like the dum asses in Canada . Sad so many completely have no clue .
More government jobs create a burden, not wealth creation … idiots

[furrowtickler]

You get what you pay for

[chuckChuck]

And what real world job experience does little PP bring to the job?

He's been a politician living off of taxpayers almost his entire adult life.

That's probably why he said crypto currency would solve inflation! He has no clue nor solutions but he is good at yapping!

[AlbertaFarmer5]

And what real world job experience does little PP bring to the job?

He's been a politician living off of taxpayers almost his entire adult life.

Agreed. But given the current crop of candidates, who would you suggest is more qualified?