Crude Oil

[beaverdam]

The next step down in equities will be when governments start asking their citizens for another 14-21 days of self quarantine and closed shops.

[errolanderson]

I don’t think oil will recover that fast.

We are all in for a total structural reset of financial markets and value of commodities. But first, markets have to land-on-their-head-for the wake-up call. This train-wreck has been years in the making.

Equity markets were so grossly overvalued, they can go a hell-of-a-lot-lower yet (IMO). Days of ‘nothin-to-it’ record bank profits are long gone.

This will be a generational change in-attitude which will likely occur over the next decade. No instant fix and instant gratification.

[beaverdam]

Asphalt should be cheaper than shit, highways everywhere should be resurfaced !

Believe me, I won't be a complainer,,, like the citizens of Regina were last summer. Bitching about streets being repaved.

[Taiga]

Going to be extremely hard to justify the supposed green energy projects with $5 oil.

[sumdumguy]

Oil was over $100/barrel for quite a while. Maybe tables have turned and wheat will goto $100 a bushel? Dreamer, but crazy things happen in a crazy world - Vive la Prairie!

[hobbyfrmr]

Never in my lifetime did I think that canadian crude oil would be as worthless as wheat.

[TASFarms]

I don’t think oil will recover that fast.

[canolacrazy]

oil getting shut-in at record clip.
fearless prediction by year-end...

wti oil-$75/bbl
durum-$11/bus
canola-$13/bus
hrsw-$10/bus
red lentils-35c/lb.

[Sodbuster]

If our government’s were smart they should be putting money into more refineries and pipelines so we could be at least self sufficient. Would create jobs and use some of that $4.50 oil up so oil companies could survive.

[errolanderson]

Western Cdn Select now $4.56 per barrel . . . We are heading for negative . . . .