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#8044069 - 01/13/15 03:41 PM I miss paying $1.199/L for Regular
TheRealCSnapper Moderator Offline
Post Master Supreme


Registered: 12/05/02
Posts: 31955
Loc: Toronto, Canada
while i enjoy saving $10 a week filling up my car, the beating oil prices took over the past months is getting too real.

company just announced a dial back in $1B of capital spend, and $6-800M of operating expenses.

fuck this shit!

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#8044116 - 01/13/15 04:08 PM Re: I miss paying $1.199/L for Regular [Re: TheRealCSnapper]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
party is over pizza boy
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#8044117 - 01/13/15 04:09 PM Re: I miss paying $1.199/L for Regular [Re: TheRealCSnapper]
Risky Business Offline
Provides a Great Work Environment. he/him
Post Master Supreme


Registered: 05/17/10
Posts: 44797
It's a blessing in disguise imo (I am not talking about saving at the pumps - ain't nobody got time for that). Canada has always been a resource based economy and it will continue to be one for the foreseeable future, we’ve relied for far too long on resources to drive our economy with little to no innovation or organic growth happening here. On the positive we’ve built a solid financial sector, but that’s about it, we lag in tech, healthcare, manufacturing, etc. The other issue I have with these lower gas prices we are going to encourage wasteful behavior, in the long run where will the Teslas of the world go if running an F150 is not a cash burden.

I am certain this is temporary anyway.

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#8044119 - 01/13/15 04:11 PM Re: I miss paying $1.199/L for Regular [Re: Risky Business]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
 Originally Posted By: Risky Business


I am certain this is temporary anyway.
wow such warren buffet.

dat historically boom bust cycle wow nostradamus
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#8044154 - 01/13/15 04:30 PM Re: I miss paying $1.199/L for Regular [Re: Euphoricuck]
Lost^
Unregistered



Peeps are getting laid off out here, DANGER WILL ROBINSON DANGER!
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#8044213 - 01/13/15 05:27 PM Re: I miss paying $1.199/L for Regular [Re: ]
robbbby Offline
master electrician
Post Master Supreme


Registered: 01/23/02
Posts: 15428
Loc: Canada
My sister took a job with an oil and gas company out there in Alberta like 3 weeks before this started to happen. At least her resume is up to date lol.
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#8044253 - 01/13/15 06:11 PM Re: I miss paying $1.199/L for Regular [Re: ]
TheRealCSnapper Moderator Offline
Post Master Supreme


Registered: 12/05/02
Posts: 31955
Loc: Toronto, Canada
 Originally Posted By: Lost^
Peeps are getting laid off out here, DANGER WILL ROBINSON DANGER!
I'm guessing it's mostly the guys out in the field or no??

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#8044274 - 01/13/15 06:31 PM Re: I miss paying $1.199/L for Regular [Re: TheRealCSnapper]
Lost^
Unregistered



 Originally Posted By: c_snapper
 Originally Posted By: Lost^
Peeps are getting laid off out here, DANGER WILL ROBINSON DANGER!
I'm guessing it's mostly the guys out in the field or no??

yeah mainly field guys, lots of jobs are being cancelled. pretty shitty time but not the worst yet.

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#8044305 - 01/13/15 06:53 PM Re: I miss paying $1.199/L for Regular [Re: ]
Risky Business Offline
Provides a Great Work Environment. he/him
Post Master Supreme


Registered: 05/17/10
Posts: 44797
My buddy's company (well established oil and gas) out of Calgary is packaging people out in the field and head office. I just bought a ton of their stock over the summer \:\/
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#8044571 - 01/14/15 04:44 AM Re: I miss paying $1.199/L for Regular [Re: Risky Business]
xza8 Offline
Sr Member


Registered: 12/18/09
Posts: 1065
 Originally Posted By: Risky Business
It's a blessing in disguise imo (I am not talking about saving at the pumps - ain't nobody got time for that). Canada has always been a resource based economy and it will continue to be one for the foreseeable future, we’ve relied for far too long on resources to drive our economy with little to no innovation or organic growth happening here. On the positive we’ve built a solid financial sector, but that’s about it, we lag in tech, healthcare, manufacturing, etc. The other issue I have with these lower gas prices we are going to encourage wasteful behavior, in the long run where will the Teslas of the world go if running an F150 is not a cash burden.

I am certain this is temporary anyway.


Wasteful behaviour indeed... it's a good time to be driving a gas guzzling, 20+L/100KM AMG. However, the government can easily encourage plug-in hybrids by offering free city perks like they do in Cali (HOV access on all roads, instead of just the 400 series).

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#8044720 - 01/14/15 09:01 AM Re: I miss paying $1.199/L for Regular [Re: xza8]
Simon_the_Pieman Offline
Post Master Sr


Registered: 08/13/01
Posts: 9465
Loc: The A
is it coming?
are the housing prices next to drop?
z0mg i better sell nao!
_________________________
"I'd love it if we did it... but I guess I'm a big skeptic on Canadians because so many are retarded as fuck." - 355-Si, 2020

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#8044818 - 01/14/15 10:02 AM Re: I miss paying $1.199/L for Regular [Re: Simon_the_Pieman]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 106985
Loc: Barrie, Ont,
I guess it's time to buy that RS7 I've been eyeing.
_________________________
-Bill
The GN would OWN you, your children and your children's children.
'09 E90 335d

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