Quantcast
O&G is doomed, sky is falling, blame stelmach, etc - Beyond.ca - Car Forums
Page 1 of 4 1 2 ... LastLast
Results 1 to 20 of 70

Thread: O&G is doomed, sky is falling, blame stelmach, etc

  1. #1
    Join Date
    Jun 2003
    Location
    Seattle, WA
    Posts
    2,021
    Rep Power
    19

    Default O&G is doomed, sky is falling, blame stelmach, etc

    Canada's oilpatch to see 18 per cent boost in profits in '08 ...
    The Canadian Press - 4 hours ago
    CALGARY - Canada's oilpatch is in for another gusher of a year with profits rising by 18 per cent to nearly $23 billion, according to the Conference Board ...
    Canadian oil industry poised for gusher year
    Toronto Star, Canada - 6 hours ago
    The Canadian oil industry is poised for another gusher of a year with 2008 profits rising 18 per cent to nearly $23 billion, the Conference Board of Canada ...
    Record profits expected for Canadian oil industry
    Calgary Herald, Canada - 3 hours ago
    CALGARY - Surging production, particularly from expanding oilsands facilities, along with record-level prices are expected to push Canada's oil industry to ...
    Oilsands to drive Canada's energy production
    Financial Post, Canada - 4 hours ago
    Bruce Edwards/Canwest News ServiceA heavy truck works in the oilsands near Fort McMurray. OTTAWA -- Canada's oilsands are taking over where conventional oil ...

    Oil profits to jump by 18% this year: Conference Board
    Ottawa Business Journal, Canada - 8 hours ago
    By Ottawa Business Journal Staff Canada's oil extraction industry is forecasted to see profits jump by almost 18 per cent in 2008 as a result of strong ...

    Oilpatch profits to hit $23B this year: report
    CBC Nova Scotia, Canada - 7 hours ago
    Record high oil prices and rising production from the oilsands should see profits in Canada's oilpatch hitting almost $23 billion this year, the Conference ...
    Canada's oil extraction industry to enjoy another year of record ...
    Canada NewsWire (press release), Canada - 9 hours ago
    OTTAWA, Feb. 14 /CNW Telbec/ - Thanks to increasing oil sands production and record high oil prices, profits in Canada's oil extraction industry are ...
    oh no!


  2. #2
    Join Date
    Nov 2002
    Location
    Calgary
    My Ride
    One from Affalterbach and Louisville
    Posts
    8,960
    Rep Power
    25

    Default

    Haha, wait for the next two years...

    I know EnCana is not investing very much money in Alberta this year or the next. I am sure most other oil companies are doing the same.

    Sask is apparently welcoming them with open arms.

  3. #3
    Join Date
    Feb 2008
    Location
    calgary
    Posts
    35
    Rep Power
    0

    Default

    and in 2 years is this when the big crash is coming? the one where we are all going to lose are jobs and our houses will be worth nothing?

  4. #4
    Join Date
    Feb 2005
    Location
    Calgary
    My Ride
    '07 Mustang/'05 R6 Raven
    Posts
    199
    Rep Power
    0

    Default

    Originally posted by scortracer
    and in 2 years is this when the big crash is coming? the one where we are all going to lose are jobs and our houses will be worth nothing?
    Let's hope the housing market crashes cause that's when I'll be looking to buy!
    Epicoque Racing
    Powered by: Peniston Lubricants

  5. #5
    Join Date
    Nov 2002
    Location
    Calgary
    My Ride
    One from Affalterbach and Louisville
    Posts
    8,960
    Rep Power
    25

    Default

    Originally posted by scortracer
    and in 2 years is this when the big crash is coming? the one where we are all going to lose are jobs and our houses will be worth nothing?
    Glad the ignorant are out to play.

    Simply, no, it isn't going to crash. Things will be a lot slower than they are now. No new investments and no new jobs. You might have to go back to your job at Tim Hortons.

  6. #6
    Join Date
    Jul 2002
    Location
    calgary, alberta, canada
    My Ride
    Lezbox
    Posts
    5,436
    Rep Power
    23

    Default

    rediculars
    sig deleted by moderator, because they are useless

  7. #7
    Join Date
    Jun 2003
    Location
    Seattle, WA
    Posts
    2,021
    Rep Power
    19

    Default

    I will have to go back to campus robbieries

  8. #8
    Join Date
    Apr 2007
    Location
    calgary
    My Ride
    SC 03 eclipse, 06 TJ,Shadow1100, HD FXSTC, Chopper
    Posts
    280
    Rep Power
    0

    Default

    Originally posted by benyl

    You might have to go back to your job at Tim Hortons.
    No i think even Tim Hortons needs their staff to know the difference between OUR and ARE.
    Member since 2003.

  9. #9
    Join Date
    May 2007
    Location
    Winnipeg/Saint John
    My Ride
    MS & Q5
    Posts
    2,222
    Rep Power
    15

    Default

    Originally posted by googe
    I will have to go back to campus robbieries
    you can't do it alone... let me know if you need a partner

  10. #10
    Join Date
    Feb 2005
    Location
    Chesterslew
    My Ride
    obnoxious bikess.
    Posts
    1,111
    Rep Power
    0

    Default

    Originally posted by googe
    I will have to go back to campus robbieries
    haha yes.

    fuck it, im moving to perth, they stronger then ever over there.

  11. #11
    Join Date
    May 2005
    Location
    Mountains/Calgary
    My Ride
    Das Fahrenheit
    Posts
    2,129
    Rep Power
    17

    Default

    Nat. Gas and Oil have been on a TEAR the last couple days. Encana and other Nat. Gas producers will see much better profits this year if prices stay elevated. I'm long Nat. Gas right now...
    Originally posted by 89coupe
    I do get great service there, especially when I mention my name, haha.

  12. #12
    Join Date
    Aug 2005
    Location
    Calgary
    My Ride
    Acura Integra
    Posts
    263
    Rep Power
    0

    Default

    The record profits are coming from projects that were set in motion 5 - 10 years ago. With the slowdown this year and last we you probably won't see an effect for a while yet.

  13. #13
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    2016 MB C450
    Posts
    8,085
    Rep Power
    25

    Default

    Spending in oil sand will continue. And oil sand related upgrade will also continue.

    I just saw Superstore's advertised hourly rate dropped a few bucks. So I guess people are losing jobs already.

  14. #14
    Join Date
    Sep 2002
    Location
    Vagabond Backpacker
    My Ride
    Boeing, Airbus
    Posts
    1,170
    Rep Power
    18

    Default

    Originally posted by snowboard

    fuck it, im moving to perth, they stronger then ever over there.
    I've been thinking that myself! Wicked city. Unfortunately, the housing prices there are even more ridiculars than in Calgary.

  15. #15
    Join Date
    Aug 2007
    Location
    C
    Posts
    46
    Rep Power
    0

    Default

    Oh great. I'm selling.

  16. #16
    Join Date
    Nov 2005
    Location
    Calgary
    Posts
    268
    Rep Power
    0

    Default

    2 years? Sweet HAHA!...that's how long it will take me too lol...plus I wanna see how the real estate market will be back in Van after the Olymplics before I decide to spend the rest of my life in Cowtown...

  17. #17
    Join Date
    Nov 2002
    Location
    Calgary
    My Ride
    One from Affalterbach and Louisville
    Posts
    8,960
    Rep Power
    25

    Default

    Originally posted by Xtrema
    Spending in oil sand will continue. And oil sand related upgrade will also continue.

    I just saw Superstore's advertised hourly rate dropped a few bucks. So I guess people are losing jobs already.
    I know that EnCana said that they would cancel $1 billion in projects in Alberta if Stelmach implemented the Royalty regime.

    They have oil in Sask too...

  18. #18
    Join Date
    Mar 2003
    Location
    Calgary
    Posts
    5,368
    Rep Power
    22

    Default

    Originally posted by Xtrema
    Spending in oil sand will continue. And oil sand related upgrade will also continue.
    If the US goes into recession and oil price drops, that's not for sure. And if the US stops buying "dirty oil" and the new royalties and carbon taxes kick in, it'll make it even harder. Some interesting things that most people don't know.

    -On average, 1 million bbl/day of bitumen consumes 1 bcf/day of natural gas
    -For oil sands mining operations (Athabasca Oilsands), it takes 50-120 gallons of fresh water to produce 1 barrel of bitumen
    -For SAGD and CSS oil sands operations, it takes 130-175 gallons of fresh water to produce 1 barrel of bitumen
    -The equivalent amount of ALL of the diluent produced in Western Canada is needed to mix with the bitumen to get it to flow down the pipelines to refineries
    -When the current projects are completed, threre will be 1,000,000 bbls/day of mining production. That's about 10 million gallons of fresh, clean water PER DAY that's being drawn from the Athabasca river.
    -Break even point to refine it to WTI crude standard is approaching $70/bbl


    Keep in mind, the above is just to produce a barrel of bitumen. A lot more refining is needed to upgrade it to lighter useable oil.

  19. #19
    Join Date
    Jul 2002
    Location
    calgary, alberta, canada
    My Ride
    Lezbox
    Posts
    5,436
    Rep Power
    23

    Default

    Originally posted by jay42w8
    I wanna see how the real estate market will be back in Van after the Olymplics before I decide to spend the rest of my life in Cowtown...
    sig deleted by moderator, because they are useless

  20. #20
    Join Date
    Jun 2006
    Location
    Calgary
    My Ride
    2010 XFR, 2015 F-350
    Posts
    69
    Rep Power
    0

    Default

    Originally posted by richardchan2002


    If the US goes into recession and oil price drops, that's not for sure. And if the US stops buying "dirty oil" and the new royalties and carbon taxes kick in, it'll make it even harder. Some interesting things that most people don't know.

    -On average, 1 million bbl/day of bitumen consumes 1 bcf/day of natural gas
    -For oil sands mining operations (Athabasca Oilsands), it takes 50-120 gallons of fresh water to produce 1 barrel of bitumen
    -For SAGD and CSS oil sands operations, it takes 130-175 gallons of fresh water to produce 1 barrel of bitumen
    -The equivalent amount of ALL of the diluent produced in Western Canada is needed to mix with the bitumen to get it to flow down the pipelines to refineries
    -When the current projects are completed, threre will be 1,000,000 bbls/day of mining production. That's about 10 million gallons of fresh, clean water PER DAY that's being drawn from the Athabasca river.
    -Break even point to refine it to WTI crude standard is approaching $70/bbl


    Keep in mind, the above is just to produce a barrel of bitumen. A lot more refining is needed to upgrade it to lighter useable oil.
    I guess you don't quite know your facts very well. Many of the SAGD projects recycle the water once it has been brought back up to surface. Maybe you should become an informed citizen rather than being like all of the other useless assholes spouting of "facts".

Page 1 of 4 1 2 ... LastLast

Similar Threads

  1. wtf stelmach

    By Sorath in forum Society / Law / Current Events / Politics
    Replies: 7
    Latest Threads: 03-03-2008, 09:50 AM
  2. Stelmach Royalty Increase Live WebCast 3pm TODAY 2007.Oct.25

    By 89coupe in forum Society / Law / Current Events / Politics
    Replies: 182
    Latest Threads: 10-28-2007, 04:31 PM
  3. Goji/Zango/Vemma....etc, etc, etc!!!

    By Kimchee in forum Health and Fitness
    Replies: 2
    Latest Threads: 09-27-2006, 07:51 PM
  4. FS: 92-95 civic si misc. parts and black interior etc.etc.etc

    By HB Infamous in forum Automotive Parts
    Replies: 50
    Latest Threads: 02-20-2005, 03:36 AM
  5. The Pee Blame

    By Chester in forum General
    Replies: 8
    Latest Threads: 11-03-2004, 06:41 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •