The sky is falling the end of oil is fuck nigh. Oil at 60 bucks a barrel!!!!

[Mr.1derful]

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. 

[The Abdominal Snoman]

All UG gear is predicted to have 18% less actually hormone per vial in 2015.

[MikMaq]

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.

[Mr.1derful]

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.

[MikMaq]

WERE ALLL GONNA DIE DEFALTTION DEFLATIONDEALFSDAFGSDKGJ SDLgjksdLG

[240 is Back]

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

[Bindare_Dundat]

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..

[SOMEPARTS]

Economic war with Russia as well as a convenient cover for decreased global manufacturing demand.

[Radical Plato]

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.

[Hypo]

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.

[Radical Plato]

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.

[El Diablo Blanco]

Funny how oil dropped. The USA finally overturned their export law and now oil is going back up.  Corruption and manipulation. 

[Purge_WTF]

 I'm thinking we're gonna pay for the low oil/gas prices in other ways.

[El Diablo Blanco]

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.