82 replies to this topic

[Bingo]

I was hoping to have some funny reply, but I got nothing.

 

We come into the world with nothing...and we leave with nothing, not even a card...unless you are going to hell in a handbasket and then it would be a cart.

[Mixed365]

The homeless lady that now demands a quarters, demands two quarters. 

Edited by Mixed365, 23 December 2014 - 11:51 PM.

[Mike K.]

Only wild one I can think of offhand for 2015:

-Canadian Dollar touches 1.30 USDCAD

Yes please.

[Nparker]

Yes please.

NO! I am going to Hawaii in the fall. Need the dollar as close to par as possible at that time.

[Mike K.]

The only direction the fed rate can go is up. And when it does you'll be wishing you were vacationing in Coombs

My prediction is Isitt runs for MLA and wins, leaving us alone from his wacky economic theories. As much as I respect him for sticking to his guns and being a genuinely nice person, I'm not a fan of his love affair with all things Soviet.

[Nparker]

My prediction is Isitt runs for MLA and wins, leaving us alone from his wacky economic theories...

Who do you predict will set aside their seat so that Ben can run provincially?

[Rob Randall]

My prediction is Isitt runs for MLA and wins, leaving us alone from his wacky economic theories. 

 

 Under what party? The Greens and NDP are trying to broaden their support and I don't know how they feel about his policies despite his popularity here.

[Sparky]

"Odd Job" is resurrected to become a Jimmy Pattison clone.....and we will all work for him.

[Mike K.]

Who do you predict will set aside their seat so that Ben can run provincially?

 

With the support he has just in the City of Victoria something tells me he'd do well provincially.

 

 Under what party? The Greens and NDP are trying to broaden their support and I don't know how they feel about his policies despite his popularity here.

 

He's chummy with the NDP folk, isn't he? The young NDP I mean, not the older generations.

[concorde]

Oil will dip below $40

[Sparky]

Oil will dip below $40

 

If that happens Alberta will be hanging out the "Gone Fishin" sign. The graph is certainly headed that way.

[Bingo]

If that happens Alberta will be hanging out the "Gone Fishin" sign. The graph is certainly headed that way.

 

They will have to sell their boats, so no goin' fishin' anymore. 

[LJ]

I am always amazed at how fast dire predictions for Alberta come when oil slides down, we have seen it before, we all know it will go back up again.

Most of the loss is attributed to speculators anyhow, and the financial wizards are suggesting this is a good time to re-invest in oil. The Bakken oil fields in North Dakota need oil at $65 minimum to meet their costs so I would expect the slow down to occur there, reducing output and increasing the price.

[pherthyl]

I am always amazed at how fast dire predictions for Alberta come when oil slides down, we have seen it before, we all know it will go back up again.

Most of the loss is attributed to speculators anyhow, and the financial wizards are suggesting this is a good time to re-invest in oil. The Bakken oil fields in North Dakota need oil at $65 minimum to meet their costs so I would expect the slow down to occur there, reducing output and increasing the price.

 

The loss is due to OPEC cranking production, not speculators.

[LJ]

pherthyl, on 24 Dec 2014 - 8:17 PM, said:

The loss is due to OPEC cranking production, not speculators.

OPEC has not increased production they just refused to lower production. Their reasoning is that it would benefit Iran and Russia the most if they decreased production and they hate both those countries.

 

From Fortune Magazine....

For most of the 21st century, Saudi Arabia has been willing to be the swing producer for the globe, helping to support oil prices. However, much of the rhetoric coming out of Riyadh indicates that the nation is not inclined to cut production or call for an early meeting, said Tom Kloza, chief oil analyst for GasBuddy.com.

“The Saudis are the Michael Jordan’s of OPEC and they don’t appear ready to take one for the team right now and cut unilaterally,” he said.

All of these factors will add up to a “very sloppy oil market,” said Kloza. “Speculation drives prices higher and is now probably driving prices lower.”

 

[pherthyl]

Oh right, US production was up and OPEC didn't cut to compensate. Either way a supply demand imbalance not speculators.

[concorde]

I am always amazed at how fast dire predictions for Alberta come when oil slides down, we have seen it before, we all know it will go back up again.

Most of the loss is attributed to speculators anyhow, and the financial wizards are suggesting this is a good time to re-invest in oil. The Bakken oil fields in North Dakota need oil at $65 minimum to meet their costs so I would expect the slow down to occur there, reducing output and increasing the price.

I guess you don't remember the late 80s very well.  Also no one is re-investing in oil, its a wait and see pattern.  It will only go back up when OPEC wants it to

 

Nothing to do with speculators either, but since its already been answered correctly by others I won't bother repeating it

[LJ]

Quote

^{Also no one is re-investing in oil,}

 

 

^{I am, as are others.}

 

 

^{http://www.iii.co.uk...oil-stocks-2009}

 

^{http://www.theglobea...rticle21821454/}

Edited by LJ, 28 December 2014 - 06:28 PM.

[Bingo]

^{I am, as are others.}

 

 

^{http://www.iii.co.uk...oil-stocks-2009}

 

^{http://www.theglobea...rticle21821454/}

 This is 8 point and is a bit too small.

This is10 point and is bigger than 8 point.

This is 12 point and is not  as small as 10 point.

This is 14 point and is good for the average viewer.

This is 18 point BOLD and sorta grabs your attention.

 

This is bigger than 8 point    

 

[concorde]

^{I am, as are others.}

 

 

^{http://www.iii.co.uk...oil-stocks-2009}

 

^{http://www.theglobea...rticle21821454/}

Good for you, I'll buy it when its below 40