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On an unrelated, hilarious note... a family in Nova Scotia currently faces allegations of tax fraud because a CRA auditor flagged some of the claimed expenses as fictitious, they were paid to a "Vandelee Industries". This is the same name as the fictitious company setup by George Costanza in an episode of Seinfeld.

https://www.cbc.ca/news/canada/nova-scotia/cape-breton-cra-fraud-case-1.5032725

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Well whut daya know....it turns out AB. can set the price of their oil and refineries will pay it and still make billions. 

Alberta's OPEC-style oil cut puts a stop to easy money for American refineries

https://www.cbc.ca/news/business/curtailment-refining-crack-spread-1.5039115

 

Albertans will still blame Notley and Trudeau for all of their woes regardless.

 

 

Edited by Throw Long Bannatyne

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On ‎2019‎-‎03‎-‎02 at 9:33 AM, Throw Long Bannatyne said:

Well whut daya know....it turns out AB. can set the price of their oil and refineries will pay it and still make billions. 

Alberta's OPEC-style oil cut puts a stop to easy money for American refineries

https://www.cbc.ca/news/business/curtailment-refining-crack-spread-1.5039115

 

Albertans will still blame Notley and Trudeau for all of their woes regardless.

 

 

Whoa, not so fast. You should  know that Syncrude & Husky Oil are complaining bitterly that the price for Alberta oil is now too expensive to be shipped by rail & both are threatening to curtail shipments of  AB oil to market.  For the past 2 months, the AB govt has raised production levels of Western Canada Select to keep them at least $10 a barrel lower than West Texas Intermediate. The only way to get full value for WCS is to ship it by pipeline. How can you give Trudeau any credit for any of this is beyond me.

Edited by SpeedFlex27

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51 minutes ago, SpeedFlex27 said:

Whoa, not so fast. You should  know that Syncrude & Husky Oil are complaining bitterly that the price for Alberta oil is now too expensive to be shipped by rail & both are threatening to curtail shipments of  AB oil to market.  For the past 2 months, the AB govt has raised production levels of Western Canada Select to keep them at least $10 a barrel lower than West Texas Intermediate. The only way to get full value for WCS is to ship it by pipeline. 

Whoa - not so fast.  Those companies are complaining because they also own refineries - thus they were still turning a handsome profit in spite of the low crude prices.

According to this article, it looks like the markets will eventually adjust and stabilize. 

https://www.cbc.ca/news/business/husky-energy-alberta-secondary-market-1.5034121

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Syncrude & Husky were sure whining. And still are. They liked it at $10 a barrel as they were buying back the refined product at a huge discount & then selling it at world price. Meanwhile, producers were still suffering & job losses were everywhere.

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ALLENTOWN, Pa (WFLA Newsradio) A Florida man was allowed to fly but lost his grenade launcher after trying to bring it through security at Lehigh Valley Airport Monday (March 4th).

The Transportation Security Administration says TSA officers opened the St. Augustine resident's bag and found unassembled parts of the launcher and grenade, including the barrel, trigger and sights.

TSA says the man told police he thought the launcher parts were allowed in checked luggage

😂

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18 minutes ago, nate007 said:

So you'd rather that in get light at 4 am and dark at 8 or 9 pm in the summer? I'd prefer if we stayed on DST year-round so it's not dark by 5 pm in the winter..

I should clarify. I'm for either or but I despise the time change. Stick to one and be done with it already.

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On 2019-03-02 at 10:33 AM, Throw Long Bannatyne said:

Alberta's OPEC-style oil cut puts a stop to easy money for American refineries

You would think Canadians would be capable of building and operating refineries.  Apparently this is beyond us.

 

 

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Sept 2018 Mexican President.

“The commitment is to produce gasoline in Mexico,” Lopez Obrador said on Tuesday. “We want to produce gasoline because we have the raw material, we have crude oil.”

(duh)

He added the project launch will happen “in the first days” of his government. He takes office in December.

Mexico produces about 1.84 million bpd of crude, more than 60 percent of which is exported, while it imports over 1 million bpd of refined products, including gasoline and diesel, according to U.S. and Mexican government data."

 

 

Edited by Mark F

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A Malaysian man was sentenced to 10 years in prison for insulting Islam and the Prophet Mohammed on his Facebook page, police said.

The 22-year-old Facebook user, identified as "Ayea Yea," pleaded guilty to 10 charges in a Kuala Lumpur court.

The Royal Malaysia Police filed charges against three other social media account owners for insulting Islam and the Prophet Mohammed, according to a statement published on Bernama, the nation's state media news agency.

 

cnn

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