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Author Topic: No llores por mí Alberta  (Read 34848 times)

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Offline wilber

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Re: No llores por mí Alberta
« Reply #690 on: March 29, 2020, 07:38:17 pm »
Quote from: John Mark Taylor on March 29, 2020, 07:22:53 pm
You keep talking about unrelated things.
Unrelated to what? The financial condition of Alberta has a big bearing on the financial condition of Canada.
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Offline JMT

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Re: No llores por mí Alberta
« Reply #691 on: March 29, 2020, 07:39:33 pm »
Quote from: wilber on March 29, 2020, 07:38:17 pm
Unrelated to what? The financial condition of Alberta has a big bearing on the financial condition of Canada.

Maybe, maybe not.  We'll adapt to the new reality, and we'll be fine.
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Offline wilber

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Re: No llores por mí Alberta
« Reply #692 on: March 29, 2020, 08:10:38 pm »
Quote from: John Mark Taylor on March 29, 2020, 07:39:33 pm
Maybe, maybe not.  We'll adapt to the new reality, and we'll be fine.

Sure, but there definitely will be a new reality.
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Offline JMT

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Re: No llores por mí Alberta
« Reply #693 on: March 29, 2020, 10:15:25 pm »
Quote from: wilber on March 29, 2020, 08:10:38 pm
Sure, but there definitely will be a new reality.

For everyone in the world.  Not because of oil, but because of the pandemic.
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Offline wilber

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Re: No llores por mí Alberta
« Reply #694 on: March 29, 2020, 10:29:26 pm »
Quote from: John Mark Taylor on March 29, 2020, 10:15:25 pm
For everyone in the world.  Not because of oil, but because of the pandemic.

Both
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Offline cybercoma

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Re: No llores por mí Alberta
« Reply #695 on: March 30, 2020, 07:51:56 am »
Remember when Alberta said, "let those bastards in the East freeze"?

Now they want those bastards in the East to bail them out. **** Alberta and their stubborn insistence on a dying commodity.
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Offline wilber

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Re: No llores por mí Alberta
« Reply #696 on: March 30, 2020, 10:10:39 am »
Quote from: cybercoma on March 30, 2020, 07:51:56 am
Remember when Alberta said, "let those bastards in the East freeze"?

Now they want those bastards in the East to bail them out. **** Alberta and their stubborn insistence on a dying commodity.
No worries cyber, there will be little left to bail them or anyone else out. It’s like going down on the Titanic cursing the people who put up the money to build it.
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Offline Queefer Sutherland

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Re: No llores por mí Alberta
« Reply #697 on: March 30, 2020, 11:51:25 am »
Quote from: cybercoma on March 30, 2020, 07:51:56 am
Remember when Alberta said, "let those bastards in the East freeze"?

Now they want those bastards in the East to bail them out. **** Alberta and their stubborn insistence on a dying commodity.

Reductions in burning of oil will come from a lowering of demand, not supply.
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Offline Squidward von Squidderson

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Re: No llores por mí Alberta
« Reply #698 on: March 30, 2020, 12:45:27 pm »
Quote from: Spectre of Graham on March 30, 2020, 11:51:25 am
Reductions in burning of oil will come from a lowering of demand, not supply.

No sh!t....   why do you think there will be lower demand?  How does that refute anything Cyber said?
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Offline wilber

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Re: No llores por mí Alberta
« Reply #699 on: March 30, 2020, 12:56:39 pm »
Quote from: the_squid on March 30, 2020, 12:45:27 pm
No sh!t....   why do you think there will be lower demand?  How does that refute anything Cyber said?
So where will the money come from to bail anyone out? Just print it?
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Offline Granny

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Re: No llores por mí Alberta
« Reply #700 on: March 30, 2020, 01:01:24 pm »
Quote from: Spectre of Graham on March 30, 2020, 11:51:25 am
Reductions in burning of oil will come from a lowering of demand, not supply.

Reductions in burning of fossil fuels can come from a requirement to purchase all available renewable energy first, to fuel the electricity grid.  Like China is doing.

And also from a reduction in fossil fuel subsidies, to tip profitability to renewable energy so the energy market is not so distorted and constrained.
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Offline Squidward von Squidderson

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Re: No llores por mí Alberta
« Reply #701 on: March 30, 2020, 05:06:12 pm »
Quote from: wilber on March 30, 2020, 12:56:39 pm
So where will the money come from to bail anyone out? Just print it?

Obviously, it’s going to come from future revenues.  Borrowing, bonds, and however the government currently funds the budget in a deficit. 
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Offline wilber

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Re: No llores por mí Alberta
« Reply #702 on: March 30, 2020, 05:23:52 pm »
Quote from: the_squid on March 30, 2020, 05:06:12 pm
Obviously, it’s going to come from future revenues.  Borrowing, bonds, and however the government currently funds the budget in a deficit.

Obviously? What revenues, the economy is going in the tank? The biggest single source of net revenues has been Alberta. We were carrying a $700+ billion monkey on our back before this started. By the time this is over it will be closer to a trillion. Finding money just to pay the interest on that will be challenging, never mind investing in other stuff. The world's economy is going in the tank and there will be huge competition for fewer investment dollars to finance deficits around the world.
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Offline Squidward von Squidderson

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Re: No llores por mí Alberta
« Reply #703 on: March 30, 2020, 05:25:07 pm »
Quote from: wilber on March 30, 2020, 05:23:52 pm
Obviously? What revenues, the economy is going in the tank? The biggest single source of net revenues has been Alberta. We were carrying a $700+ billion monkey on our back before this started. By the time this is over it will be closer to a trillion. Finding money just to pay the interest on that will be challenging, never mind investing in other stuff. The world's economy is going in the tank and there will be huge competition for fewer investment dollars to finance deficits around the world.

OK.  If the revenues aren’t going to be there, then service cuts and tax increases will be necessary (Obviously).
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Offline wilber

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Re: No llores por mí Alberta
« Reply #704 on: March 30, 2020, 05:27:19 pm »
Quote from: the_squid on March 30, 2020, 05:25:07 pm
OK.  If the revenues aren’t going to be there, then service cuts and tax increases will be necessary (Obviously).

If there is nothing generating revenues, what are you going to tax?
« Last Edit: March 30, 2020, 05:43:34 pm by wilber »
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