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Article Description: ] by Don Sagrott, founder@sospep.com - the price of oil(tpoo) - a look at the price of oil and how it affects you as a Canadian and the overall Canadian economy.

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Content: use HTML Edit Content <h1 style="text-align: center;">the price of oil(tPoO)</h1> <h2>[WHAT]</h2> <ol> <li>] by Don Sagrott, founder@sospep.com - &nbsp;- a look at <strong>the price of oil(tPoo)</strong> and how it affects you as a Canadian and the overall Canadian economy.</li> </ol> <h2>[WHY - PRO's - low oil prices]</h2> <ol> <li>] lower prices for gasoline, heating oil,&nbsp;</li> <li>] lower prices for transportation(airlines,buses,ferries),&nbsp;</li> <li>] lower prices for shipping costs(no more "fuel surchages" right?),&nbsp;</li> <li>] environmental 'benefits' from &lt; industry production,&nbsp;</li> <li>] canadian $ value sinks, + IF exporting goods +/or services</li> <li>] ...&nbsp;</li> </ol> <div> <h2>[WHY NOT - CON's - low oil prices]</h2> <ol> <li>] industry employment declines,&nbsp;</li> <li>] spin off benefits decline,&nbsp;</li> <li>] profits for developing companies decline,&nbsp;</li> <li>] royalty revenues for producing provincial .gov declines,&nbsp;</li> <li>] gov.federal royalty revenues decline -&gt; provinces federal transfers decline ??,&nbsp;</li> <li>] canadian $ value sinks - IF importing goods +/or services</li> </ol></div> <h2>[WHERE]</h2> <ol> <li><strong>] READ THE FULL ARTICLE</strong></li> <ol> <li>]&nbsp;</li> </ol></ol> <h2>[WHEN]</h2> <ol> <li>] 2016-02-22</li> </ol> <h2>[EXAMPLE]</h2> <ol> <li>] low prices 2015 - over supply - caused by new production, new technology, new supplies coming online (Iran), no OPEC limitations</li> </ol> <h2>[HOW-TO]</h2> <ol> <li>]&nbsp;</li> </ol> <h2>[REFERENCE]</h2> <ol> <li>]&nbsp;</li> </ol> <h2>[RELATED - tpoo, alberta, oil, energy, pipeline]</h2> <div><ol> <li>] # 4974 - <a href="/view/article?id=4974" target="_blank">Another oil crisis is coming, superior electric vehicles on the way&nbsp;</a></li> <li>] # # -&nbsp;<a tabindex="1" href="https://www.reddit.com/r/geopolitics/comments/3wrnqz/refuting_a_common_misconception_is_saudi_arabia/" target="_blank">Refuting a common misconception - Is Saudi Arabia trying to 'drive out' North American shale?</a>&nbsp;- good analysis on the Saudis, their relationship with OPEC and why they will continue to pump oil until</li> <li>] # # -&nbsp;<a tabindex="1" href="http://www.cbc.ca/news/business/saudi-oil-minister-in-houston-1.3459539">Saudi oil minister's message for high cost crude producers : "get out" of market</a>, src=r/canada - <a href="https://www.reddit.com/r/canada/comments/47892v/saudi_oil_ministers_message_for_high_cost_crude/" target="_blank">comments</a></li> <li>] # 4934 -&nbsp;<a href="/view/article?id=4934" target="_blank">alberta-oil-patch-worker-asks-trudeau-for-help-with-albertans</a>,</li> <li>] # 4935 - <a href="/view/article?id=4935" target="_blank">re:alberta-oil-patch-worker-asks-trudeau-for-help-with-albertans</a>, - response re lack of empathy by Canadians to Albertans re: economic hardship</li> <li>] # 4904 -&nbsp;<a href="/view/article?id=4904" target="_blank">death of the alberta dream</a>&nbsp;** comments</li> <li>] # 4936 -&nbsp;<a href="/view/article?id=4936" target="_blank">ideas for rebuilding - albertas oil based economy</a></li> <li>] # 4904 - <a href="/view/article?id=4904" target="_blank">alberta-VS-norway-oil-money</a>,</li> <li>]&nbsp;ENERGY-alberta-oil-sands-aka-the-tarsands,</li> <li>***</li> <li>] # 2356 - alberta's oil sands&nbsp;</li> <li>t] # 5827 - unemployable ( ft mac house prices )</li> <li>] # 537 - ENERGY-PIPELINE-northern-gateway</li> <li>] # 901 - ENERGY-PIPELINE-transmountain</li> <li>] # + - ENERGY-PIPELINE-energy-east</li> <li>+] canadians interview PM -&gt; whats a PM to do?</li> <li>+] oil VS gas - how the price at the pump relates to the price of a barrel</li> </ol> <div><hr /></div> </div> <div> <div> <h1 style="text-align: center;">re: death of the alberta dream</h1> <h1 style="text-align: center;">fu&nbsp;</h1> <div><strong>- ] can we PLEASE stop the blame game?</strong></div> <p>-- does it matter who's fault it was?( i REALLY don't want you to answer that .. because ...) &nbsp;it doesnt change the reality of today. Let's get to work on creating solutions instead of assigning blame.&nbsp;</p> <p><strong>- ] its time for reality check &nbsp;</strong></p> <div>-- line by line, expenditures&nbsp;</div> <p><strong>- ] looking ahead</strong></p> <div>-- 1 of 2 things is going to happen to tpoo</div> <div>-- 1] price returns to profitable(for AB) levels(timeframe)</div> <div>-- 2] it doesnt</div> <p><strong>- ] 10 things we can do today</strong></p> <div><ol> <li>] I've put together a&nbsp;<a href="/view/article?id=4935" target="_blank">LIST of ideas</a>&nbsp;- &nbsp;] from building new pipelines, ] new/expanded infrastructure programs,</li> </ol></div> <p>&nbsp;</p> <hr /> <p>] ART http://calgaryherald.com/opinion/columnists/milke-alberta-already-tried-to-diversify-the-economy-and-failed&nbsp;</p> <div>- details previous gov.ab attempts at diversification that have failed,&nbsp;</div> <div>- details successfull texas example of diversification - austin+... ( tech, mfg, banking, )&nbsp;</div> </div> <div> <p><span style="text-decoration: underline;">Ben Mohat &middot; Vaucluse, New South Wales, Australia</span></p> <div>Quick question, what will Calgary, Alberta, Western Canada and Canada as a whole do once oil and gas are largely obsolete? Oil and gas is a product like other products subject to ups and downs and competition. Sorry to tell you but there's this thing called renewable energy available in many many forms the world over and it's nipping at the heels of oil, gas and coal.&nbsp;</div> <div>It's going to be a fairly predictable downward trend for fossil fuels from here on in. What this means at times like this for economies that continue to choose to rely on them so heavily for revenue and employment is they'll be very susceptible to the lows at times like this. What it means for Alberta in the long term doesn't paint a pretty picture.</div> <div>The fossil fuel industry in Western Canada is a protected species at the expense of other species. Alberta is nearly a one species town - anything that is in direct competition to that is squashed out by government. There really is no renewable energy sector in Alberta from what I can see.&nbsp;</div> <div>Doesn't that seem odd considering the clock is ticking on fossil fuels, where is the leadership here? Alberta has been lucky enough from a financial perspective for the past 100 years to be located on top of a pile of decaying matter but the fact is usable energy but the fact is we've now found ways to extract usable energy above ground ie. Wind, sun, water - this boat is sailing and Alberta's corporate heads and political leaders choose to promote the one species at the expense of all others. Self interest mixed with a complete lack of vision, this is what is guiding our economy down a very narrow and ultimately dead end road.</div> </div> <div> <p><span style="text-decoration: underline;">Laurent Jeff Dubois &middot; University of Alberta</span></p> <div>The Tories used public funds and called it diversification when it was blatant patronage. They enriched themselves and croneys like Pocklington. During their reign, the Tories have diverted an unprecedented amount of public assets into private coffers. The gullible see that as failure of diversification, some see it for what it really is.</div> </div> </div> <div> <p><span style="text-decoration: underline;">Michelle Stirling &middot; Author at My Tar Sands Tipping Point with CBC</span></p> <div>Alberta is actually quite diversified - but there is a limit to what you can do with only about 3+ million people.There aren't either enough experts, skilled techs and labourers to fill all necessary categories in the further development of value added products in widely diverse industries - but we have some world-leading knowledge based pockets - biosciences, nanotech, geomatics/space sciences, agricultural tech/reclamation/ag tech...and agriculture itself is continuing global market with lentils and chickpeas from Alberta and Sask being sold world-wide now (among other diversified crops). Michael Porter's 1980s book "The Competitiveness of Nations" still holds true I think - the most vibrant markets are those like Silicon Valley where there are 'clusters' of certain industries that cross-pollinate each other. We are a very spread out country and province...low population and limited numbers of experts in any area (simply due to demographics and population) - so there is a limit to what we can reasonably expect to do. i think we've done great, actually.</div> </div> <div><hr /></div> <div> <div>] ft mac</div> <div>Oil go up -&nbsp;</div> <div>- Fort McMurray sees spike of nearly $450,00 in average home price with more gain to come&nbsp;</div> <div>Oil go down -&nbsp;</div> <div>-&nbsp;<a href="http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com//news/economy/fort-mcmurray-sees-plunge-of-nearly-125000-in-average-home-price-with-more-pain-to-come" target="_blank">Fort McMurray sees plunge of nearly $125,000 in average home price with more pain to come</a>&nbsp;</div> <div>Oil go up</div> <div>-&nbsp;</div> <div>Oil go down&nbsp;</div> <div>-&nbsp;</div> <div>I am not an expert on predicting the price of oil(tPoo), but i would hazard an uneducated guess that the price of that there "black gold" is either going to "go up" or its &nbsp;going to "go down"&nbsp;</div> <div>I have to admit that there is 1 other mind boggling possiblity, tPoo could potentially stay the same&nbsp;</div> <div>Anyways, heres how i see it, &nbsp;</div> <div>- own a house, bought before CMV, and you have a job - KEEP the HOUSE&nbsp;</div> <div>- own a house, bought before CMV, and you lost your job - SELL the HOUSE, asap&nbsp;</div> <div>- own a house, bought after CMV, and you have a job -&nbsp;</div> <div>- own a house, bought after CMV, and you lost your job -&nbsp;</div> <div>Apologies in advance for being of no help what-so-ever&nbsp;</div> <div>Well given the value of the canadian peso I am not suprised.</div> </div>