You can all spout all the Xenophobic crap from both sides. It doesn't change any facts about the price of oil.
The Real Culprit For Rising Oil Prices.???..and theres plenty of oil......
by chrisjoel 79 Replies latest jw friends
-
-
Satanus
To get you started, http://en.wikipedia.org/wiki/CF-105_Arrow
S
Ps, not xenophobia, history. -
bluesapphire
...reallly we don't need you but you need us lets just be glad
Zero, looks like Canada is keeping you employed.
-
freydi
What I would like to know, and that the media darlings don't care to discuss,
is the relationship between record high oil prices and record high oil company profits.
As for Mr T Boone Pickens, back in the early 80's he speculated that the then
price of $50 a barrel wouldn't hold, so he sold futures contracts and bought them back
at around $7, making $100 million <br>on one trade and leaving his oil in the ground
until the price went back up. -
BurnTheShips
is the relationship between record high oil prices and record high oil company profits.
It doesn't take a genius to see the connections. A business model that predicated an acceptable profit at say, $25 Bbl, will be hugely profitable at $100. The Saudis must be screaming with joy, I've read their oil is so easy to pull out of the ground it only costs a couple of bucks. We are running low on easy oil over here. We have to go out to see with rigs and etc. Our existing non-opec sources are petering out:
-
BurnTheShips
The Avro Arrow was a long time ago. And the cost of front-line technology has gone way up since those days. Most of the newest designs are done by multinational consortiums. The new F-35, for example, is a multinational craft.
BTS
-
BurnTheShips
More info:
-
Hope4Others
Everyone knows the Canadians are far superior to the US just look at their world renouned state of the art health care system, their economy that is almost 100% dependent on the US their number one trading partner I might add, the fact they don't need a viable military because we've got them covered...
Looks like I've been missing all the fun..... ....but we sure in hell have a lot of US owned businesses in Canada, its actually a scary thought. We believe in making love not war.....lol
Canada-U.S. Trade Relationship
The Canada-U.S. trade relationship is the largest ever to exist between two nations. Two-way trade in goods and services between Canada and the United States during 2000 was estimated at approximately C$700 billion, or almost C$2.0 billion per day. Of Canada's 2000 imports, 74 percent came from the U.S., while 86 percent of Canada's total exports were shipped to the United States. The volume of Canada-U.S. trade last year was far greater than the total amount of Canada's trade with all of its other trading partners combined.
Canada and the United States have long been very active trading partners. In historical terms, Canada has been the leading foreign export market for U.S. goods since 1946, while the United States has been the number one destination for Canadian exports since 1942.
The implementation in 1965 of the Auto Pact, which established free trade in automobiles between Canada and the United States, served to promote the already strong economic ties between the two countries. The historic signing in 1989 of the U.S.-Canada Free Trade Agreement (FTA), which established tariff-free trade on a multi-sectoral basis, set the stage for an enormous increase in the amount of bilateral commerce between Canada and the United States. In 1994, the fundamental principles of trade liberalization established by the FTA were further expanded, both in terms of scope and coverage, under the North American Free Trade Agreement, which added Mexico to the regime. These trade agreements have helped fuel unparalleled economic growth, with bilateral trade between Canada and the United States nearly tripling during the past twelve years.
In addition to the FTA and NAFTA, various other factors have contributed to the remarkable expansion of bilateral commerce between Canada and the United States. Geographic proximity, congruent time zones, a common language, and cultural and historical ties have played a key role in the huge increases in
two-way trade, as have the similarities in the business environments of Canada and the United States. Canada is the ideal export and investment destination for American companies looking for a marketplace most similar to their own, and, conversely, the US is the perfect market for Canadian exporters.Economic Impact
It is difficult to overstate the impact of international trade on the economies of Canada and the United States. In 2000, 43 percent of Canada's gross domestic product was comprised of exports and over 30 percent of total employment in the country was supported by exports. With 86 percent of all Canadian exports last year destined for the US, it is clear that trade with the United States creates an enormous number of jobs for Canadians.Though the United States is not as export-oriented as is Canada, international trade does contribute significantly to the US economy. Last year, U.S. exports of goods and services comprised roughly 12 percent of the United States' GDP. (Exports to Canada accounted for roughly 20 percent of all US exports.) It has been estimated that nearly two million jobs in the United States are supported by US exports to Canada.
Linkshttp://www.buyusa.gov/canada/en/traderelationsusacanada.html
-
hamsterbait
maybe I just don't understand economics.
But if you own a shop, and find that the brand of mustard is in heavy demand, you don't say "oh, demand is up, so the price has to go up."
McDonalds sells very well yet they keep the price low. Why don't the people selling oil at source keep the price loww?
Somebody somewhere has decided to put the higher price tag on a barrel of oil. It didn't happen all by itself.
HB
-
BurnTheShips
Oil is sold like an auction. The highest bidder gets it.
If Mcdonalds jacked up the price, people would go to BK instead. The market sets the price.
If you can sell your mustard a $4, instead of at $2, wouldn't you?
BTS
