Crude oil impact on Canada

[bucket]

So this has really nothing to do with supply demand it's political.

Canada would be just collateral damage.

Meanwhile .......

[errolanderson]

OPEC is swimming in oil right now as the U.S. approaches becoming the #1 producer in the world (exceeding Saudi Arabia).

Middle East is in trouble (IMO) and their warring now has little impact on global prices.

[furrowtickler]

The U.S. has been setting this thing up for 4 years.

[riders2010]

The reason they killed khadafi wasn t because he was a brutal inhumane person, he gave gasoline to everyone for pennies, because of this their economy was going to boom, could you imagine if we had the cheapest fuel in the world here every industry would want to invest here.

[bucket]

Those countries are booming because they have to keep rebuilding what they blow up.

Been going on for 1000s of years. Don't understand why there is any benefit for canada to get involved.

[fjlip]

Crude oil up, higher fuel prices, crude oil down higher fuel prices, loonie down higher fuel prices, loonie higher, higher fuel prices. Lots of crude not enough refining, so fuel shortage. What IF demand slows? Oh they just slow down the inadequate refining capacity to keep screwing us with the prices.

On the food prices our products are such an insignificant part of the price in the store that it makes NO diff even if it tripled. But still makes the news when grains went up to justify prices increases by the rest of the chain. What a sickening situation.

[cottonpicken]

khadafi wanted to establish the united states of africa and gold backed dinar,he was actually well love and won several important awards,there is also the banking thing but ill let who ever is interested look that up,we also killed his wife and kids many years back.

[Oilking]

On a bright note, my local retailer says canola seed has only gone up 2 and a half per cent from last years price. Even though the furures have dropped about 150 bucks/t in the same time period.

[cottonpicken]

should note he was still a tyrant

[errolanderson]

Energy price fallout is now taking a toll on the TSX. Toronto index now off about 7% from recent highs. Venture markets one of the hardest hit off more than 10% which is considered a correction phase.

Have central bankers finally met their match?