The price of oil

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Message 1616312 - Posted: 19 Dec 2014, 16:02:45 UTC - in response to Message 1616302.  

no clyde i don't think it's bad neither does the rest of the country and why Abbot and his crony's are now stabbing each other in the back as there so far behind in the polls if a election is held now they would lose so bad they would be lucky to even win 10% of the seats they need to win

And it's so funny to watch them back stab each other i'm loving it . One term Tony is coming true . One of his nicknames he got within 2 months of coming to power

or was you talking about the oil and your debt , Cos i don't think it will be bad for our economy's just bad for the oil company's . It should give the economy's a boost as pople will have more money to spend and some thing may actually be cheaper .

how's that for economic's 101

just means you can't expand the tar sands without it costing you a heap of cash witch you don't realy have at the moment . It will be a problem if it goes on for to long and economy's expand as once the oil price goes back up then your going to possibly have a problem because you will not only have expand it quickly but untill the poduction meets demand it will cause a downturn as prices go up and fuel becomes hard to get for a short while .Short term no problem and is good for the world longer term then , things start to get messy once the price goes back up.
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Message 1616315 - Posted: 19 Dec 2014, 16:05:28 UTC - in response to Message 1616309.  

yeh no prob but first i must ask you guys what interest rate you gona charge us ? hehe
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Message 1616320 - Posted: 19 Dec 2014, 16:14:28 UTC - in response to Message 1616315.  

what interest rate


Well, it depends on how interested you are in all of this.
Really we can't just charge interest on a loan to a friend.
I think we will think of it as a gift, you can gift back later
if you like.



(We would like dibs on Tasmania, or maybe Perth.)
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Message 1616324 - Posted: 19 Dec 2014, 16:30:57 UTC - in response to Message 1616320.  

Cal you work in a bank or something . Me not likeing that deal maybe you will want more than you gave us and we won't be able to say no even if we can't aford it i'd rather just keep it as a buiness deal you loan us the money and we will pay you a interest rate favors usually end up costing more then we could afford . But thank you for that consideration .
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Message 1616345 - Posted: 19 Dec 2014, 17:36:27 UTC - in response to Message 1616324.  

My good friend Glenn, I will invest in your country any
time, any where, to the full amount that I can afford!




My big sister says to say hello!

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Message 1616353 - Posted: 19 Dec 2014, 17:46:02 UTC - in response to Message 1616291.  


So your not realy in any better position then the Russians when it come to paying your debts


If your debts are small - managing debts is your problem. But when debts are really huge, it's problem of your creditors instead ;)

So, Japan's and China's in this particular case...
AFAIK Russia external debt falls in first category with great margin :) Mostly we do to forgive external debts to us(not sure it's too wise though, but...), not being inable to pay ours.
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Message 1616356 - Posted: 19 Dec 2014, 17:49:28 UTC - in response to Message 1616353.  

How provincial, we don't
allow debt in this country.


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Message 1616359 - Posted: 19 Dec 2014, 17:53:53 UTC - in response to Message 1616356.  

How provincial, we don't
allow debt in this country.



OMG... please don't say that trash... google a little before posting.
Canada is 14'th place on external debt ladder...

http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
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Message 1616361 - Posted: 19 Dec 2014, 17:58:37 UTC - in response to Message 1616359.  

Canada is 14'th place on external debt ladder...


Sounds good, and I think you believe that as well.

I was just doing up our books last week,
and I say we are 3 billion in the black!

(Of course that's in USD!)


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Message 1616363 - Posted: 19 Dec 2014, 18:00:19 UTC
Last modified: 19 Dec 2014, 18:04:16 UTC

Little aside of oil prices but nice article: who owns USA's debt?

http://finance.yahoo.com/news/pf_article_112189.html

As I said before first are Japan and China indeed. But Canada is 8th and Russia is 10th. Funny ... :D

End of that article:
Let's hope Russian president Dmitry Medvedev doesn't come to collect.

Lol, outdated paper a little, but don't think current ladder seems too different.
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Message 1616364 - Posted: 19 Dec 2014, 18:01:48 UTC - in response to Message 1616361.  
Last modified: 19 Dec 2014, 18:05:13 UTC

Canada is 14'th place on external debt ladder...


Sounds good, and I think you believe that as well.

Well, not as good as Russia though being 20's on that ladder ;)
But of course if you don't try to be as USA and make own debt to be the headache of your creditors, not you :)
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Message 1616368 - Posted: 19 Dec 2014, 18:06:37 UTC - in response to Message 1616363.  

Canada is 8th



No Mate you got it wrong. Canada is number #1!



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Message 1616370 - Posted: 19 Dec 2014, 18:09:30 UTC - in response to Message 1616368.  

Canada is 8th



No Mate you got it wrong. Canada is number #1!




LoL, perhaps so, your mountains are highest and your mountain trolls are fattest indeed. Fully agree ;)

But of course there are some other things exists where Canada is number one, I have no doubts in that. But USA still own more to Japan and China :)
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Message 1616431 - Posted: 19 Dec 2014, 20:56:43 UTC - in response to Message 1616370.  

:):)


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Message 1616589 - Posted: 20 Dec 2014, 9:16:39 UTC - in response to Message 1616202.  

I disagree. I belive it is to punish Russia. Make mideast oil cheaper than Russian oil


James it's got nothing to do with Russia after all they cam produce it just as cheap as the Arab's . Don't cost much to drill a hole and just pump it out but Canada's oil tar sands well that is totally different .
And to think your spending heaps on a pipeline to bring the oil down to the gulf , mmmmmmmm one big white expencive white elephant . And it's going to cost poor Canada and you guys heaps of cash if you keep extracting it from the tar sand s . minimum to break even on that is $65 per barrel.

And to think the terrorist get a lot of cash from them back stabbing Sudia's

It has everything to do with Russia. What do you think Putin is ranting about? the Ruble is falling. Why would anyone buy oil from Russia when Mideast oil is cheaper? Opec stated that they will maintain current production of oil. Why? You can be sure its not out of the goodeness of their hearts.
[/quote]

Old James
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Message 1616623 - Posted: 20 Dec 2014, 13:55:16 UTC - in response to Message 1616589.  
Last modified: 20 Dec 2014, 13:59:21 UTC

James so opec got together and said let's stuff up Russia .....Or did Obama ask them to stuff up Russia and they said no problem well do that and lower the price .

Who has been there biggest customer ? ok it hasn't been the U.S then.

Who's been trying to sell more and more other than Russia ...umm ok it's not Canada or America o.k got it .

And it cost's Russia more to pump it out of the ground than it cost's the Arabs mm ok if you say so .

The Ruble has fallen as a consequence of the low price which is normal just like the iron ore price has caused the ozzie to go down but that is not what opec is trying to do destroy Russia's economy

I spose your going to tell me that the contracts to pay for the oil are done in rubles and not dollars and Euro .

If the ruble goes down then it cost Russia less to get the stuff outa the ground as the contracts are done in Dollars and Euro so they will get more Rubles for the same dollar and still pay there workers the same amount of rubles so it is in fact very stupid for the Arabs to try and Stuff Russia's economy and force the ruble down .

If the price had stay'd at where it was whom would be the ones expanding there oil production the quickest and would have the reserves to do that ??

I believe there is said to be more oil in the tar sands than even the Arabs have . I think it's something like double what they have and what the Russian have .The list does not show all the oil in Canada only what can be gotten without it costing to much so you can double what it says in the list

you mite wish to look at this list to see whom has the reserves to take the customers away from the Arab's . Funny how Russia is 8th so who is in front of them ?


Summary of Proven Reserve Data as of 2012[2]
— Country Reserves top[18]

1 Venezuela Venezuela 296.5 47.14 2.1 330 387
2 Saudi Arabia Saudi Arabia 265.4 42.20 8.9 1,410 81
3 Canada Canada 175 27.8 2.7 430 178
4 Iran Iran 151.2 24.04 4.1 650 101
5 Iraq Iraq 143.1 22.75 2.4 380 163
6 Kuwait Kuwait 101.5 16.14 2.3 370 121
7 United Arab Emirates United Arab Emirates 97.8 15.55 2.4 380 156
8 Russia Russia 80 13 10 1,600 22
9 Libya Libya 47 7.5 1.7 270 76
10 Nigeria Nigeria 37 5.9 2.5 400 41
11 Kazakhstan Kazakhstan 30 4.8 1.5 240 55
12 Qatar Qatar 25.41 4.040 1.1 170 63
13 China China 25.4 4.04 4.1 650 15
14 United States United States 25 4.0 7 1,100 10
15 Angola Angola 13.5 2.15 1.9 300 19
16 Algeria Algeria 13.42 2.134 1.7 270 22
17 Brazil Brazil 13.2


Yep the Arab's are really worried about Russia they got so much oil it's not funny .
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Message 1616629 - Posted: 20 Dec 2014, 14:21:35 UTC - in response to Message 1616624.  

clyde then why is the U.S only 14th on the list if there is more oil in California than Canada and the Arab's ???

I've herd that b/s before if you got so much there why build the pipline from Canada or why would you even buy it from them ?

Me think's that is all bull

The only country to really threaten the Arab's is Canada as you lot won't buy your oil from the Socialist country Venezuela and they don't have the money to expand there oil as quick as the Canadian's would be able too
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Message 1616634 - Posted: 20 Dec 2014, 14:45:04 UTC - in response to Message 1616630.  

Umm then explain to me why you had the oil crisis in the 70's then . Or why you pay way more than what it would cost to produce it yourself .

especially when you owe so much money

If there is one thing you American are and that is greedy when it comes to money , i just can't see you letting the Arabs rip you off for so long now when you can produce it cheaper yourself .

Your government would never admit you ran outa oil that would just not fit your national security plans . It would lead to you paying even more for your oil and why i do believe it's all bull

the only reason they don't count all of Canada's oil the the tar sands is because it is to deep in the ground and there not even shore they can get to it or extract it . They are not really shore how much is there as well which is different to knowing it's there and only needing a change in legislation to get to it .
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Message 1616637 - Posted: 20 Dec 2014, 14:58:28 UTC - in response to Message 1616636.  

Oil lines ended, and prices dropped, almost immediately, when he was removed from Office.


And so why are you still paying to much for your oil seeing as the Liberal/Left Democrat President.is no longer there . I spose then you never reached peak oil in 2000 ??? some 30 years later .
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Message 1616640 - Posted: 20 Dec 2014, 15:21:01 UTC - in response to Message 1616638.  

Attacking one, does not mean accepting the other, except for Ideologues.


please explain


You said it was because of a liberal/Dem president and the oil lines stopped when he was kicked out .

And now you what me you believe all the presidents since then have let you all be ripped off while you get father in dept . Seeing Global warming wasn't much of a issue before 2000 i find that very hard to believe .

And why has every document that i have looked at about when the oil will run out say we only got oil till 2050 if that ,if you got so much it would not run out till 2075 or later . You don't have that much oil mate or you are naive and i thought you are a bit smarter that that . You only got 25 billion barrel like the list i put up says and not 1 barrel more it's all crap your government does not whant the rest of the world to know you haven't got that much left as that may cause you a problem in terms of national security.
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