Some say even $30. This will put some brakes on Harper and Conservatives waste and oil looting. If this lasts 3 years Alberta is going on food stamps and the rest of Canada will subsidize all the nonsense contracts backed by Harpers government. Globe & Mail: Burdened with one of the highest cost structures anywhere in the world, Alberta’s oil patch is especially vulnerable to the current market dynamics. Indeed, high-cost producers everywhere now face the same dilemma. The very triple-digit oil prices that made their operations profitable in recent years are the same prices that also stunt economic growth and, in turn, staunch the demand for expensive oil. Not long ago the idea of a “super cycle” was popular in the commodities world, but you don’t hear much about it anymore. Rather than a “super cycle,” the oil market looks instead to be going through a series of outsized gyrations in price.
Posted on: Mon, 19 Jan 2015 21:33:38 +0000
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