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Liberals to form Coalition with NDP (pg. 20)
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| exstasie |
| quote: | Originally posted by malek
OPEC has no control on oil when its over 30-35$. |
They can't announce that they will cut production?
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| malek |
| quote: | Originally posted by exstasie
They can't announce that they will cut production?
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they have been doing this for the last year since price have fallen and it didn't slow down the free fall.
It's basic economy 101, OPEC can only control prices when it becomes too expensive to produce for the non-OPEC members.
OPEC members are countries where it's very cheap to produce oil, dig a hole and extract.
Wheras other countries, it cost over 30 to extract (off shore, tar sands, etc).
So when OPEC cuts its production when it's over 30, other countries take over and supply demand, when it's under 30, no one can supply without picking up losses. |
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| MarkT |
| quote: | Originally posted by Skipper
Cdn dollar took a major nosedive yesterday after the news. Today doesn't look any better.
What a circus! |
the plummeting price of oil will probably keep it down too, since the two tend to have a high positive correlation, do they not? good news for manufacturing...sucks for anyone travelling this winter (and for me paying UMass tuition with Cdn $$$...!)
the predictions of $20/barrel seem a *bit* paranoid...but who knows, lol. crazier has happened in the past year or so :D |
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| Skipper |
| quote: | Originally posted by MarkT
the plummeting price of oil will probably keep it down too, since the two tend to have a high positive correlation, do they not? |
Yes...lower demand for oil = lower demand for cdn dollar. |
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| daves |
| quote: | Originally posted by malek
calgary will look like a ghost town in a few months... with the barrel going as low as 20$..........
Ontario lost 66000 jobs in November. |
Now they are saying 71,000 jobs for November... worst in 26 years!
LINK
Are they padding numbers at this point...?
(same is being said elsewhere than just the G&M) |
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| English Rachel |
Remember though, this is also a good time for companies to get rid of 'dead wood' - there is definitely a case of capitalizing on the current circumstances in a lot of companies (ie hiding behind the big guys).
When recruits for replacement staff have been taking over 3 months, that tells me the organization is overstaffed. Becoming more lean, whilst heartbreaking for those losing their jobs, increases company agility to *hopefully* create stability longer term. |
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| Skipper |
| quote: | Originally posted by ChemEnhanced
don't worry....our economy is doing great...remember we have a positive GDP |
*golf clap* |
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| malek |
| quote: | Originally posted by daves
Now they are saying 71,000 jobs for November... worst in 26 years!
LINK
Are they padding numbers at this point...?
(same is being said elsewhere than just the G&M) |
euh
Ontario = 66000
Canada = 71000
Ontario = Canada after all for you guys :p |
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| daves |
| quote: | Originally posted by malek
euh
Ontario = 66000
Canada = 71000
Ontario = Canada after all for you guys :p |
lol... oops |
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| Skipper |
| quote: | Originally posted by MarkT
the predictions of $20/barrel seem a *bit* paranoid...but who knows, lol. crazier has happened in the past year or so :D |
Do they seem as far off as calling for $200 oil only 6 months ago?
I just cant believe how far and how fast it's fallen...tho this whole market is behavioral finance at it's best - investors are so extreme and so overreactive now - the polar opposite of how things were only last year when we were riding the commodity boom with no end in sight. |
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| MarkT |
| quote: | Originally posted by Skipper
Do they seem as far off as calling for $200 oil only 6 months ago?
I just cant believe how far and how fast it's fallen...tho this whole market is behavioral finance at it's best - investors are so extreme and so overreactive now - the polar opposite of how things were only last year when we were riding the commodity boom with no end in sight. |
IIRC, it was Jeff Rubin from CIBC who first publicly predicted $200/barrel...april-ish? I think he was one of the early people predicting the energy boom?
I think you're exactly right...there seems to remain a serious lack of logic in the market and the overblown reactions certainly can't be helping to stabilize it. When you add in unknowns like potential bankruptcies, bailout or other gov't interventions, mergers, etc...how does one begin to predict what will happen in certain sectors?
I wish I understood better how everything ties in, and am self-educating a bit in that regard, because the disparity in predictions and results boggles my mind. like the article predicting oil going below $20 or $25...IF the recession hits China. Well, if China has/will have 8% GDP growth according to some, how likely is that to happen?
anyway...whatever happens with this coalition vs. the gov't, I hope that we don't see massive spending on bull. bailing out the auto industry strikes me as compassion over logic and a mistake for the long-term, to name one item.
it's funny, I listened to the head of the CAW's speech and agreed with much of what he had to say about the CPC...but he took it too far, praising the coalition. the extremes on each side of the argument are a bit ridiculous. |
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