crisis management

[bucket]

Bucket, how does dumping more oil into a flooded market help? That's the same farming logic, price is bad so lets grow more.

A flooded market...What is the two main products from oil???? I don't know but my guess is gas and diesel ....a flooded market hasn't sent any relief at the pumps..has it?

What happens if you send 3 times the oil to the west coast or to the Irvings on the East Coast...it may increase the price......

I do know there is a world of hurt coming in grain transportation ....roughly 3 million tonnes waiting for grain at the west coast and at the current rate of movement it will take until May to clear the backlog...that is if the the uncontracted vessels (laugh here) keep showing up...

[grassfarmer]

A flooded market...What is the two main products from oil???? I don't know but my guess is gas and diesel ....a flooded market hasn't sent any relief at the pumps..has it?

What happens if you send 3 times the oil to the west coast or to the Irvings on the East Coast...it may increase the price......

Your first observation is correct. The second indicates you didn't learn the lesson from your first.
Start building a pipeline tomorrow and expect to get substantially higher prices? - yeah, that's like the guys that claimed after the CWB was gone you'd be getting US prices for your grain picked up in your yard in mid point Sask. How's that working out?

[Guest]

A flooded market...What is the two main products from oil???? I don't know but my guess is gas and diesel ....a flooded market hasn't sent any relief at the pumps..has it?

What happens if you send 3 times the oil to the west coast or to the Irvings on the East Coast...it may increase the price......

I do know there is a world of hurt coming in grain transportation ....roughly 3 million tonnes waiting for grain at the west coast and at the current rate of movement it will take until May to clear the backlog...that is if the the uncontracted vessels (laugh here) keep showing up...

surprised here , but grain has really. moved good

[TASFarms]

What’s the price at the coast and what’s the price here. The only product that’s different is potash. It’s way cheaper in Vancouver

[wd9]

Why would Alberta citizens want to give away oil at these prices even if there were pipelines galore? Hold onto it till its worth something.

[Oliver88]

Why would Alberta citizens want to give away oil at these prices even if there were pipelines galore? Hold onto it till its worth something.

The oil companies don’t want to sell oil for $13 USD/barrel on the prairies.
They want to sell oil for $50-100/barrel on the pacific coast, Atlantic coast or Gulf of Mexico.

The less oil Canada sells on the world market the more Saudi Arabia, Iran, Nigeria and other terrorist funding regimes sell.

[grassfarmer]

Why would Alberta citizens want to give away oil at these prices even if there were pipelines galore? Hold onto it till its worth something.

I always thought that was the smart strategy too but I think the game has changed. Concerns over peak oil and when it'll run out have diminished with the growth of renewables and alternative energy sources. Peak oil use is maybe behind us.

[farming101]

In reality peak oil is still in the future.
Forecasts are for record use this year.
https://www.iea.org/oilmarketreport/omrpublic/ https://www.iea.org/oilmarketreport/omrpublic/

[shtferbrains]

Why would Alberta citizens want to give away oil at these prices even if there were pipelines galore? Hold onto it till its worth something.

We held our oil and about everything else here in sask for generations.

We did better at exporting our people.

That didn't work out well.

[GDR]

I always thought that was the smart strategy too but I think the game has changed. Concerns over peak oil and when it'll run out have diminished with the growth of renewables and alternative energy sources. Peak oil use is maybe behind us.

Just watched an investment show yesterday and the guy's opinion there was peak oil is still 20yrs away. I would have to agree, even the so called green initiatives all take oil to build or maintain. Gonna be here for a while.