The Free fall continues - Oil dips bellow $32 lowest since 04
- Thread starter Vanillalite
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perfectchaos007
Member
Would be insane if it ever dips below $30. It seems plausible now.
Frustrated_me
Member
It really hurts trying to purchase anything with the CAD dollar outside Canada. It's super expensive now.
Shuggananas
Banned
Good !
TurtleSnatcher
Member
smh....
This is wrecking the world economy.
DeadlyParasite
Member
The joy of spending $100 or more for one brand new console game is upon us Canadians.
RIP dollar.
RIP dollar.
Not good for anyone.
If your argument is fuck oil and gas industry, great, 10 of thousands of people are without jobs.
If your argument is fuck oil, great, no one will put money into other fuel research when price of the barrel is so low.
If your argument is low gas prices, that seems a bit short sighted.
TheRealTalker
Banned
it has the good sides though like destroying the devastating refracting endeavours and Artic drilling
Also India is rising due to low energy costs...
but yes they're negatives here like the Canadian Economy
Tal Shiar Agent
Banned
How is it wrecking the US economy? The US is heavily reliant on gasoline. Shouldn't lower prices mean more money to spend elsewhere?
It seems insane to me that a country as large as Canada is so dependent on one industry. I know Harper fucked you guys up good, but Christ.
Hopefully your new PM will be able to diversify things a bit so that you're guarded against these kinds of plunges better.
Frustrated_me
Member
He said world, you said US.
Shell had their opportunity before the free fall and decided not to explore artic because of the financial impact of environmental issues and wells didn't hit very well.
http://www.usatoday.com/story/money...ell-alaska-offshore-arctic-drilling/72959378/
ugh probably not but what does it say about the world economy that it can be wrecked when the price of oil changes
perfectchaos007
Member
Fracking and drilling investments is big buissiness. On top of this it'd hurting green industries.
Somewhat offset by transportation costs being lower, but thats a stimulus and short lived.
Tal Shiar Agent
Banned
The World includes the US. It's also a very vague statement.
Isn't part of what's driving the price down the fact that alternative energy sources are beginning to pick up?
Note that I'm not saying it's the primary reason, just a contributing factor.
Resident_UA
Member
No it isn't.
EDIT: Who in their right mind can look at past year and think that this is wrecking anything?
(kinda sucks for Canada, but even there economy is doing OK)
OPEC is really in charge?
shira
Member
Winter Steam sale wasn't that bad. Are you joking about the $100 games or is that reality
Frustrated_me
Member
OPEC no longer is the authority in this field, it really is the gulf states, especially KSA.
Tal Shiar Agent
Banned
How much though is it a part of the US economy? Will the oil investments cause a slowdown of the US economy overall? What about natural gas fracking and drilling? Do oil prices really affect that as well?
Took this picture a week or so ago.
I see that you are taking it from the passenger side, has the price dropped so low you can now afford a driver?
Small, but on a world wide scale the majority of energy production is still like 90% based on fossils fuels.
The majority reason is two fold; Saudia Arabia is trying to punish Iran just as Iranian oil is coming back into the global markets, while also trying to stop US/Canadian shale from being dug.
Then you have Venezuela and Russia who's economies depend on oil exports, who can't cut production either way. Their problem is they need to export as much as the stuff as possible, but also need to keep supply low and the price high.
It's a worldwide market experiment in game theory.
Tal Shiar Agent
Banned
This whole thing reminds me of mercantilism.
I'm aware of that. I think I just misunderstood what your comment meant.
I thought you were referring to the ecological impact, you meant the economic impact.
I don't dispute the economic impact at all.
Regardless, the current economies tanking were going to take this hit at some point. Oil is not an infinite resource.
teruterubozu
Member
Most cars use synthetic oil these days.
DarkHeartedKill
Member
We're paying $80 for new games currently. We used to pay $60, then it became $70 now $80 it sucks
Errr...our dollar is worth like 70cents USD. That's pretty terribad D:
It's such horse shit. Cheapest gas you can find in San Jose is like $2.37
LumpOfCole
Member
Aren't oil changes super cheap as well as infrequent these days? It's telling the car wash guy / mechanic "no, I'm good on my air filter" which is the tricky part.
Resident_UA
Member
perfectchaos007
Member
nope I took it from the drivers side, but I extended my arm
Hehe, every single time.
We're paying $80 for new games currently. We used to pay $60, then it became $70 now $80 it sucks
Errr...our dollar is worth like 70cents USD. That's pretty terribad D:
A country with a weak currency vs the usd doesn't automatically mean that its economy is doing "pretty terribad lol"
richardhawk
Member
Just pumped at 3.40 in Los Angeles. Must be nice that this is lowering it in every other fucking city in the US but here.
Give it time,
XenogearsX
Banned
Took this picture a week or so ago.
damn and i thought my $1.84 was low
too bad i have to buy premium gas
I think it's going to $10.
thelatestmodel
Junior, please.
Yup. Just as I'm getting the itch to build a kickass Amiga 1200, and literally all the parts I need are in Europe.
Oh well, can't put it off for too long or I won't even be able to buy a machine, period.
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