Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: MikMaq on December 08, 2014, 09:54:05 AM
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http://www.cbc.ca/news/business/tsx-loses-300-points-as-oil-slumps-to-new-multiyear-lows-1.2864101
Alright I'm jacked the canadian dollar is dropping faster than the rupel
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Welcome to the interesting world of deflation.
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The Arabs are feeling the squeeze, Kuwait's GDP is 94% oil revenues.
I hope to live long enough to see these oil rich nations go bankrupt and wipe that smug smile of their Bedouin faces.
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The Arabs are feeling the squeeze, Kuwait's GDP is 94% oil revenues.
I hope to live long enough to see these oil rich nations go bankrupt and wipe that smug smile of their Bedouin faces.
They'll be fine, they made so much fucking money over the last 10 years it is ridiculous
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The Arabs are feeling the squeeze, Kuwait's GDP is 94% oil revenues.
I hope to live long enough to see these oil rich nations go bankrupt and wipe that smug smile of their Bedouin faces.
Yeah, OPEC had the great idea of lowering the price until shale-oil is no longer profitable and that will drive the Americans and the Canadians out of the market.
One problem is that the Americans have gotten so efficient, so fast with shale-oil extraction that the profit point is $40/bbl. The Kuwaitis have the most efficient and profitable oil extraction machine in the Gulf and their profit point is $54/bbl.
Ooops. Unless OPEC is going to drop it to $30/bbl and HEMORRHAGE money over time hoping to drive North America out of the market (which could take years), they can't pull this off. That said, they also have statisticians, so they may be in for the long haul, which means that $1.29/gallon gas is on the horizon!
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Yeah, OPEC had the great idea of lowering the price until shale-oil is no longer profitable and that will drive the Americans and the Canadians out of the market.
One problem is that the Americans have gotten so efficient, so fast with shale-oil extraction that the profit point is $40/bbl. The Kuwaitis have the most efficient and profitable oil extraction machine in the Gulf and their profit point is $54/bbl.
Ooops. Unless OPEC is going to drop it to $30/bbl and HEMORRHAGE money over time hoping to drive North America out of the market (which could take years), they can't pull this off. That said, they also have statisticians, so they may be in for the long haul, which means that $1.29/gallon gas is on the horizon!
Agreed prices are gonna jump back up rather fast.
It's total bullshit, that these folks aregetting on with.
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Biceps are predicted to peak 1.14 inches taller at the 2015 Arnold Classic.
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Biceps are predicted to peak 1.14 inches taller at the 2015 Arnold Classic.
I am aiming to keep pace with that projection.
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Oil prices are dropping on purpose, to bankrupt any OPEC competition.
Look behind the obvious.
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Oil prices are dropping on purpose, to bankrupt any OPEC competition.
Look behind the obvious.
And Russia too.
The commodity traders are the ones who run up the oil/gas prices. They should all be hanged.
The sheeple have been brainwashed into believing sub $3 gasoline is "cheap". The price of gas should be around $1.50-1.75/gal.
Saving $20 per tank full is not going to do anything for the economy. People will take that money to pay bills and/or buy necessities, not spend it on plastic Chinese junk.
The MSM propaganda on this stuff is thick as tar.
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about 10 years ago some Saudis were ranked as the richest in the world with some estimates of $100 billion or more in net worth, then oil boomed for 10 years, these guys raked in the fucking cash, probably have individuals with net worth of $500 billion or more now but they won't disclose it.
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When all the oil is gone Romania will be the new superpower of transportation - donkeys and carrots will succeed where modern cars have failed.
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Took my truck out yesterday for the first time in months...under $100 to fill the tank.
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Took my truck out yesterday for the first time in months...under $100 to fill the tank.
:o
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If oil stays on this trend I can't wait for the elections in 2 years to see who tries to take responsibility for lowering gas prices. The dems or donks
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If oil stays on this trend I can't wait for the elections in 2 years to see who tries to take responsibility for lowering gas prices. The dems or donks
Dem dems is da donks.
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http://www.cbc.ca/news/business/tsx-loses-300-points-as-oil-slumps-to-new-multiyear-lows-1.2864101
Alright I'm jacked the canadian dollar is dropping faster than the rupel
First, it's ruble. Second, why would you be "jacked" about the drop in the Canadian dollar? Do you enjoy higher consumer prices and less disposable income?
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First, it's ruble. Second, why would you be "jacked" about the drop in the Canadian dollar? Do you enjoy higher consumer prices and less disposable income?
Depends on the business you're in...80% of my income is in US dollars.
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Depends on the business you're in...80% of my income is in US dollars.
He's Canadian and I suspect that's not the case with him.
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First, it's ruble. Second, why would you be "jacked" about the drop in the Canadian dollar? Do you enjoy higher consumer prices and less disposable income?
Because fuck canada. No really it sucks for Canadians. Nut really what do they produce up there that they should have currency parity with the United States?
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Because fuck canada. No really it sucks for Canadians. Nut really what do they produce up there that they should have currency parity with the United States?
How about oil and gas??? Are you really that dumb?
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He's Canadian and I suspect that's not the case with him.
As am I .
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How about oil and gas??? Are you really that dumb?
He is.
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As am I .
I can't say for sure, but as I said, I'd be surprised if his income is in U.S dollars. Irrespective of that, a drastic drop in the value of the Canadian dollar still represents higher consumer prices for Canadians. Not a good thing.
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I can't say for sure, but as I said, I'd be surprised if his income is in U.S dollars. Irrespective of that, a drastic drop in the value of the Canadian dollar still represents higher consumer prices for Canadians. Not a good thing.
True but it also makes our exports that much more appealing. It has been estimated that our economy works well when our dollar is between .85 -.90 American.
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True but it also makes our exports that much more appealing. It has been estimated that our economy works well when our dollar is between .85 -.90 American.
Agreed. I just get tired of the mainstream propaganda that glorifies the debasement of currencies as if constantly increasing inflation is always an unqualified positive.
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All UG gear is predicted to have 18% less actually hormone per vial in 2015.
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I can't say for sure, but as I said, I'd be surprised if his income is in U.S dollars. Irrespective of that, a drastic drop in the value of the Canadian dollar still represents higher consumer prices for Canadians. Not a good thing.
I don't really give a shit about money in direct terms. I'm fucking digusted by consumerism in canada, its just fucking shameful.
It's not so much that I think its awsome its moreso canada's economy is so fucking out of wack its about time it's gotta put in its place. Commodities have turned our economy into a pseudo gulf state. Half the country revolves around retard oil work, the other a chink inflated real estate bubble.
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I don't really give a shit about money in direct terms. I'm fucking digusted by consumerism in canada, its just fucking shameful.
It's not so much that I think its awsome its moreso canada's economy is so fucking out of wack its about time it's gotta put in its place. Commodities have turned our economy into a pseudo gulf state. Half the country revolves around retard oil work, the other a chink inflated real estate bubble.
You don't care if you have less disposable income? That is nonsensical. Experiencing a substantive drop in the price of commodities we export isn't necessarily advantageous, especially if production costs remain constant, or increase. Nor is it a function to correct any perceived imbalances in our economy. For that, we need to increase our productive capacity and become more diversified. As far as the housing bubble, I'd suggest the long-term suppression of interest rates as the primary contributor to the inflated asset prices, being the bubble has been blown up nationwide. Chinese purchases would be a partial driver more so in larger markets like Vancouver and Toronto.
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WERE ALLL GONNA DIE DEFALTTION DEFLATIONDEALFSDAFGSDKGJ SDLgjksdLG
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Oil Tumbles Nearly 5 Percent To New Lows; Analysts Warn Of $20s
Source: Reuters
A brutal new year selloff in oil markets deepened on Monday, with prices plunging as much as 5 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude into the $20s.
On Monday, China's blue-chip stocks fell by another 5 percent and overnight interest rates for the yuan outside of China soared to nearly 40 percent, their highest since the launch of the offshore market.
Morgan Stanley warned that a further devaluation of the yuan could send oil prices spiraling lower still, extending the year's nearly 15 percent slide.
While China's ructions are spooking traders over the outlook for demand from the world's No. 2 consumer, drillers in the United States say they are focused are keeping their wells running as long as possible, despite the slump, executives told a Goldman Sachs conference last week.
Read more: http://www.reuters.com/article/us-global-oil-idUSKCN0UP01P20160111
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Who gives a shit what the price of a barrel of oil is when theres such a disconnect between that price and what you're paying at the pump and the extra you pay for everything related to to that..
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Economic war with Russia as well as a convenient cover for decreased global manufacturing demand.
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The Arabs are feeling the squeeze, Kuwait's GDP is 94% oil revenues.
I hope to live long enough to see these oil rich nations go bankrupt and wipe that smug smile of their Bedouin faces.
Be careful what you wish for. Their self sufficiency is the biggest protection we have against them, the Muslims are already pissed now and some of them are cashed up, imagine the fallout if the major middle eastern oil producing countries went bankrupt.
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Be careful what you wish for. Their self sufficiency is the biggest protection we have against them, the Muslims are already pissed now and some of them are cashed up, imagine the fallout if the major middle eastern oil producing countries went bankrupt.
Maybe some upheaval will unseat our pussified liberal leaders? I sense a change in governments in many European countries soon.
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Maybe some upheaval will unseat our pussified liberal leaders? I sense a change in governments in many European countries soon.
I hate to say it, by I agree with you. It seems the only thing that will shake the West out of it's apathy is some good old fashioned chaos.
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Funny how oil dropped. The USA finally overturned their export law and now oil is going back up. Corruption and manipulation.
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I'm thinking we're gonna pay for the low oil/gas prices in other ways.
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Oil is down, but prices for food, airfare, merchandise that all went up due to high prices are not coming down and are still going up. Oil the best excuse to raise prices but never lower.