>Oil market is already flooded
>Obama releases sanctions in Iran flooding more oil into the market
>America is trying to kill Canada
Nothing against Canada but USA shouldn't be the only country taking hits from economically rekting the living shit out of those aggressive Ruskies. Its """allies""" should pull their weight for once.
>Germany is ded
>Southern Europe is ded
Cheap oil is fucking good for us. We are going to grow 0.5% more this year for the effect of cheap oil alone.
>Japan is ded
>China is ded
Just shifting focus from exports to internal demand. If anything, the Chinese are living better than ever.
>Latin America is ded
Mostly Brazil and specially Venezuela. The rest are just ok
>the barrel to hold the oil costs more than the oil itself
make it stop, please
wtf are you on about
obama hated harper. this is well known. there's a reason that pipelines were always delayed, cancelled, or vetoes, and trade deals always fucked us. you'd have to be a special kind of stupid not to see that obama wanted to see harper publicly humiliated.
2bh, I am more worried about Europe than here 2bh. Sure Southern Europe is somewhat isolated from the rest of Europe, but you guys are probably going to feel the shock sooner than us. Germany importing syrians like there is no tomorrow is probably gonna hit Europe hard as fuck, when the Germans finally feel what they are really up to. Latin America is really culturally homogenous despite its size, it's mostly thanks to you guys giving us a strong latin culture and also because we kinda are isolated from the rest of the world. Economy sure brings up some problems, but money is something you can resolve sooner or later, cultural problems is something you can't, because it is something with little to no change. And since Germany and other EU countries are trying to erase what means being German, people are probably going to get insane when they see what makes their lives enjoyable slowly fading away
Your mom blew me, no rake involved. pic related your mom
>Australian shitposting has gone so far they can no longer differentiate memes from reality
I recall just a year and a half ago, pseudo-Americans living in Alberta boasting without a sliver of self-awareness that they're going to retire by the age of 45 here.
>Western Canadians will NEVER EVER stop being assblasted at Ontario
Some oil companies need to pay traders to take their oil away. Literally selling at a loss. You've never seen things this bad before.
Depends on US growth rate and inflation. If they are low say bye bye to dollar appreciation and the bottom in the oil market.
I'd buy them now. Tickets are cheaper the earlier you buy them as well.
Oil bottomed today.
Problem is, I need to confirm some friends can come, and I'm also waiting on my paycheck the end of this week (I like to keep my accounts above a certain amount of money). So I'll just have to cross my fingers and hope it's still good by Friday.
You won, Quebec.
You wanted to see Alberta burn, well it's burning.
I love it. Maybe you fuckboys will stop bragging about your shitty socialist policies when dem natural resources aint keeping your economy afloat anymore. Oh and there's also the added bonus that I can drive as much as I want without breaking the bank :^) Only ones I feel bad for are Albertans, because they're kinda like the Texas of Canada.
>oil will fall below $20
>Saudi's didn't anticipate the dropping of oil sanctions on Iran so fast so they weren't able to counter fall to levels even they don't want
>OPEC has lost almost all it's political power in the space of 12 months and won't recover it for many years
>A bunch of shitty countries like Russia and Venezuela are getting BTFO in the process
Thank you based shale.
>Implying in that dystopian future we won't be invaded by the US
>Implying we wouldn't dump all our uranium into the water dooming everyone
The Chinese is a ticking economic time bomb.they keep Applying band aids each time a leak pop ups in their economy . But it's really only a matter of time before they run out of band aids and sink along markets they have pumped into like Australia and canada
is canada's oil industry big? south korea's economic growth rate is still higher in the oecd. but our main trade partner countries don't buy our shit these days. cause their economy is falling.
>OPEC has gone through this 5 times now and survived, and they still have the same control because of their market share
>Russia and Venezuela are now likelier to do crazy shit
>that same fracking is getting ABSOLUTELY FUCKED by low oil
I must say, I'm no fan of Obama, and I'm not sure how much credit he rightfully deserves, but he's managed to make our economy pretty solid while everyone else seems to be in JUST mode right now. Feels good.
Your growth is based upon your trade partners senpai.
They decided to stop buying your shit and instead buy their own.
Also SK refines a lot of oil and therefore it has been hit really hard by oil's crash.
Obama had less to do with it than Congress, you know, the people who make the spending bills and design our economy.
They were Republican the last 6 years.
It depends on what you mean by JUST mode.
Europe is doing better than usual at 1.6% growth.
Japan is Japan at .2% growth.
China just grew 6.9% in 2015.
America grew 2.2%.