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Oil is plunging again.
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# ? Aug 19, 2015 16:03 |
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# ? May 27, 2024 01:09 |
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Cultural Imperial posted:Oil is plunging again. Is there any telling how far things could possibly drop when all is said and done? Surely it can't keep falling and falling
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# ? Aug 19, 2015 16:04 |
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As oil demand is largely linked to economic growth, it's likely to stay flatish/stagnant for a while (or take a dive, if something destabilizing such a china crash happens). Supply will continue being high as petrostates compensate lower prices with more production. In short, this will be the new normal unless things get shaken up by world events.
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# ? Aug 19, 2015 16:25 |
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triplexpac posted:Is there any telling how far things could possibly drop when all is said and done? Surely it can't keep falling and falling I have seen predictions of $15-20 USD a barrel if Iran enters the global market again within the next 12 months. This seems like a fanciful idea though, Iran isn't as easy to smooth over as Cuba was.
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# ? Aug 19, 2015 16:27 |
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Rime posted:I have seen predictions of $15-20 USD a barrel if Iran enters the global market again within the next 12 months. This seems like a fanciful idea though, Iran isn't as easy to smooth over as Cuba was. http://money.cnn.com/2015/08/18/investing/oil-prices-15-kotok/ One of the important takeaways is that Western Canadian Crude is already at $20 because it's such a lovely oil.
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# ? Aug 19, 2015 16:32 |
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Twerk from Home posted:http://money.cnn.com/2015/08/18/investing/oil-prices-15-kotok/ Last Year posted:Assuming an average price of $70 per barrel next year, the bank estimates that Canadian governments will lose out on between $10 billion and $13 billion worth of revenue next year.
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# ? Aug 19, 2015 16:57 |
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We're standing on the edge of a cliff that'll make the 90's look like nirvana, aren't we?
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# ? Aug 19, 2015 17:03 |
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Rime posted:
I'm not sure, but I better buy a house now before I'm priced out of the market
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# ? Aug 19, 2015 17:04 |
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Good news. You can all work for free at hootsuite.
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# ? Aug 19, 2015 17:20 |
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Calgary is the 5th most liveable city?
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# ? Aug 19, 2015 18:10 |
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Oil drops like a rock, gas prices still high.
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# ? Aug 19, 2015 18:14 |
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anybody who thinks gas prices are tied to supply is delusional. they're still 30 cents cheaper in Point Roberts though!
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# ? Aug 19, 2015 18:20 |
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Part of the reason gas hasn't dropped much is because the loonie has dropped so much, I think. I'm laughing since I do less than 500km of non-vacation driving per year.
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# ? Aug 19, 2015 18:21 |
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Reminds me why I walk to work.
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# ? Aug 19, 2015 18:31 |
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El Scotch posted:Oil drops like a rock, gas prices still high. Thank heavens we closed all our domestic refineries decades ago and now have to import our fuel at a horrible exchange rate, eh? 'cause srsly, $0.25 of that price is coming from how little the CAD is worth right now.
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# ? Aug 19, 2015 19:28 |
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Alberta refineries here we come
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# ? Aug 19, 2015 19:36 |
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Rime posted:Thank heavens we closed all our domestic refineries decades ago and now have to import our fuel at a horrible exchange rate, eh? Even if we had more domestic refineries we'd still be paying the same price for gas. The wholesale price is set in USD, same as oil, so we'd still be hosed.
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# ? Aug 19, 2015 19:55 |
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THC posted:Rent is too high for mom-and-pops, and there's not enough customers for American Apparel. So they sit vacant. There is an American Apparel exactly one block north! This place: https://goo.gl/maps/5U7BB Has been vacant for FOUR YEARS. Not only has it been vacant, but they haven't cleaned out any of the poo poo from the previous owners who from the looks of it fled in the middle of the night. The old Scotia McLeod building on the corner of Douglas/Yates has been vacant for a similar amount of time. IDGI at all.
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# ? Aug 19, 2015 20:09 |
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Yeah, oil and gas are global resources, so they have global prices in USD. Any local differences are just in taxes. Which always killed me when americans were all excited that invading iraq or opening up Alaskan parks would lower their gas prices, domestically, personally. Canadians have the same idea that if we had local refineries we'd have cheaper gas. I mean sure if everything was nationalized and the price set by the government.
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# ? Aug 19, 2015 20:10 |
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Baronjutter posted:Yeah, oil and gas are global resources, so they have global prices in USD. Any local differences are just in taxes. NEP, we hardly knew ye.
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# ? Aug 19, 2015 20:12 |
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Not exactly housing bubble but since this thread is now basically all things Canadian economy. A Financial Post writer laments that Amazon's horrible Randian hellscape would never work in Canada:quote:http://business.financialpost.com/executive/management-hr/the-ruthless-jeff-bezos-amazon-culture-would-never-fly-in-canada-and-thats-a-shame labor laws
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# ? Aug 19, 2015 20:17 |
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Do Amazon employees not make salary or something? I don't know anyone on salary who sticks to 40 hours a week, or gets overtime or anything like that.
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# ? Aug 19, 2015 20:22 |
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rrrrrrrrrrrt posted:Not exactly housing bubble but since this thread is now basically all things Canadian economy. A Financial Post writer laments that Amazon's horrible Randian hellscape would never work in Canada: Good thing tech companies don't have to pay overtime, at least in BC, the dream of bezos is still alive!
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# ? Aug 19, 2015 20:24 |
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Yes yes it turns out that you can be extremely competitive as a capitalist enterprise if you ruthlessly abuse your workers, but if you think that's a good thing maybe your place is inside an active volcano
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# ? Aug 19, 2015 20:26 |
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Thank goodness we have a progressive government in Ontario protecting us.
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# ? Aug 19, 2015 20:30 |
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Ikantski posted:Thank goodness we have a progressive government in Ontario protecting us. Please don't remind me that this exists
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# ? Aug 19, 2015 20:33 |
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What's the justification for such a weird exception from basic labour rights? Did a bunch of high school jocks write it to get back at those pimply nerds? Are pimply nerds just so meek and or libertarian that they're just fine not having rights?
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# ? Aug 19, 2015 20:39 |
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Well it's not like what we do is work...
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# ? Aug 19, 2015 20:41 |
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I really love the phrase "Information technology professionals are not entitled to an eating period."
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# ? Aug 19, 2015 20:53 |
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Most of them should cut down on the eating periods anyway
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# ? Aug 19, 2015 20:54 |
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THC posted:Well it's not like what we do is work... Debatable, I work in the knowledge economy
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# ? Aug 19, 2015 20:58 |
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Baronjutter posted:What's the justification for such a weird exception from basic labour rights? Did a bunch of high school jocks write it to get back at those pimply nerds? Are pimply nerds just so meek and or libertarian that they're just fine not having rights? BC has the same exemptions, thanks BCNDP you fucks. Yes, you read that right. The BC NDP passed a law exempting an entire industry from labour standards. Basically they were passed because the industry convinced the government that they would not be competitive with American firms that were ignoring their own labour laws. Presumably California has similar exemptions for exactly the same reason now.
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# ? Aug 19, 2015 21:04 |
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When I was working in the UK, I used rack up mad overtime. gently caress this loving country and the bcndp
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# ? Aug 19, 2015 21:22 |
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I never work OT and I get plenty of lunches and breaks and I get a month of vacation and nearly all my friends in IT have the same or better
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# ? Aug 19, 2015 21:37 |
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ocrumsprug posted:BC has the same exemptions, thanks BCNDP you fucks. Yes, you read that right. The BC NDP passed a law exempting an entire industry from labour standards. We gotta race to the bottom before someone else gets there first! Thanks global capitalism.
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# ? Aug 19, 2015 21:38 |
Gas here in New Zealand was $2.14 a liter when I arrived in late July. It was $2.04 for ages, and is $1.97 now. Luckily the Corolla we rented has basically the same fuel economy as my Prius (though it's smaller) but it's still weird spending $100 to fill up a tiny car. But yeah, an over $0.15 drop in just under a month.
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# ? Aug 19, 2015 21:55 |
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Squibbles posted:Good thing tech companies don't have to pay overtime, at least in BC, the dream of bezos is still alive! Amazon already has a huge office in Vancouver. I think Amazon can work in Canada.
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# ? Aug 19, 2015 22:18 |
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It's interesting how the news about Amazon's toxic white collar culture seems to get a lot more play than last year's stories about their brutally exploitive fulfilment centres. It's business as usual when you do it to unskilled blue collars, but if a techie or manager is overworked or driven to tears suddenly it's a Big Deal. Whatever.
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# ? Aug 19, 2015 22:20 |
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You can blame the libertarian IT fuckheads who made bank back in the 90s for all the exemptions. In remember these people asking for those exceptions back when raw salaries for anyone in IT were super high and the expectation was that the exceptions would lead to even higher salaries based on merit. Fuckers had the foresight of a turnip and just couldn't see a world where people who could install a sound card or write something lovely in Java would be a dime a dozen and desperate for work.
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# ? Aug 19, 2015 22:44 |
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# ? May 27, 2024 01:09 |
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Yeah, bursts of tons of unpaid overtime are standard in tech in Canada. Sure we have fairer firing practices but lol at the idea of tech companies paying overtime. I've certainly never seen anything more than maybe an informal extra day off after a bunch of overtime. But the gall of a labour lawyer arguing other people should work *more* free overtime when he probably wouldn't wipe his own rear end if he wasn't billable is rage inducing. Everyone I know who's worked at Amazon has said similar poo poo to that article, put up with it for a year to get the name on the resume, then moved on to greener pastures at companies like Microsoft that have some semblance of work life balance. It's all for naught anyway since everything tech is getting slowly shipped overseas regardless where there's tons of devs and engineers at a quarter of the price.
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# ? Aug 19, 2015 22:48 |