Is Canada ready for a world awash in $0 oil? - GoFuckYourself.com

ITraffic · 06-04-2016, 04:07 PM

Is Canada ready for a world awash in $0 oil? - The Globe and Mail

A draft federal-government study leaked to the CBC this week, prepared by the government trend-forecasting office Policy Horizons Canada, starkly makes the case that oil may be on the verge of becoming almost worthless.

The researchers analyzed worldwide pricing and technology and policy trends that are driving the price of non-fossil electricity sources downward at a far faster pace than expected ? along with surprisingly rapid technology-driven decreases in the price of grid-level energy storage and alternative-energy vehicles, manufacturing and heating. They found that we could be much closer than we think to an era when renewable and alternative-energy sources become significantly cheaper than fossil fuels.

As a result, it concludes, ?a new electricity-based industrial ecosystem could emerge at a much faster rate than expected, significantly disrupting fossil-fuel markets.? Within a generation, global petroleum demand could ?decline further and faster than expected with significant impacts on high-cost producers,? such as Canada.

PornWorx · 06-04-2016, 04:36 PM

Changes are coming. Some will suffer. Some will prosper. Life goes on.

Hannes · 06-04-2016, 06:51 PM

looks like there gonna be a few changes, if were strong we will survive, if not well then were screwed.

GFED · 06-04-2016, 07:08 PM

this guy sounds like a bunch of bullshit

Brian mike · 06-04-2016, 07:29 PM

Quote:

Originally Posted by PornWorx

Changes are coming. Some will suffer. Some will prosper. Life goes on.

+1

2MuchMark · 06-04-2016, 09:22 PM

You're welcome!

Rochard · 06-04-2016, 10:01 PM

What is really amazing is we thought oil production had peaked and was on a downward trend. Seems the opposite is happening - we (meaning everyone) can now pull more oil out of the ground using new methods, and now we can tap into a lot more oil.

Paul Markham · 06-04-2016, 10:38 PM

Oil is used for more than fuel. Research what we use it for.

However, a drop in price will decrease the money going to terrorists.

GFED · 06-04-2016, 10:40 PM

Quote:

Originally Posted by Paul Markham

Oil is used for more than fuel. Research what we use it for.

However, a drop in price will decrease the money going to terrorists.

Yes, it's used for a LOT more than fuel, and the biggest terrorist is our own government.

Spunky · 06-04-2016, 10:44 PM

There goes the neighborhood,we're fucked now

incredibleworkethic · 06-05-2016, 12:38 AM

I know with Canada's shift to electricity coming up and the fact there are cheaper places to produce oil, it'll be a game changer. I'm no economist though, but it's common sense that something will change.

pimpmaster9000 · 06-05-2016, 02:42 AM

Quote:

Originally Posted by Paul Markham

However, a drop in price will decrease the money going to terrorists.

the US """""""""""""defense""""""""""""" budget relies little on oil prices...if anything the cheap oil will make it easier for them to transport the food stamp mercenaries across the world to spread the "lesser of 2 evils" US presidents corporate agenda...

2MuchMark · 06-05-2016, 07:38 AM

Wow

Institutions worth $2.6 trillion have now pulled investments out of fossil fuels | Environment | The Guardian

Norway confirms $900bn sovereign wealth fund's major coal divestment | Environment | The Guardian

California passes bill forcing biggest pension funds to divest from coal | Environment | The Guardian

Very cool.

crockett · 06-05-2016, 07:57 AM

If oil is worthless, how come it takes weeks for the price of gas to drop .20 cents and 2 days to raise .20 cents.

crockett · 06-05-2016, 07:59 AM

Quote:

Originally Posted by crucifissio

the US """""""""""""defense""""""""""""" budget relies little on oil prices...if anything the cheap oil will make it easier for them to transport the food stamp mercenaries across the world to spread the "lesser of 2 evils" US presidents corporate agenda...

Hey smarty pants.. where do you think Russia's defense money comes from? All that tax money collected from vodka?

Brian mike · 06-05-2016, 06:50 PM

Quote:

Originally Posted by crockett

Hey smarty pants.. where do you think Russia's defense money comes from? All that tax money collected from vodka?

KGB

?

Barry-xlovecam · 06-05-2016, 07:38 PM

Chile is generating so much solar power that it's giving it away for free | Inhabitat - Green Design, Innovation, Architecture, Green Building

This will lower the demand for natural gas if this happens in North America further affecting general oil and gas exploration and production

Electric cars are no longer a novelty. What if the solar generated electricity to recharge an EMV was very low cost?

Oil will never be worth nothing. Oil is a basic commodity for use in chemicals, plastics and lubricants. However, with little (or lessened ) demand for oil's use as a fuel source -- the price will plummet.

Paul Markham · 06-06-2016, 12:16 AM

Quote:

Originally Posted by GFED

Yes, it's used for a LOT more than fuel, and the biggest terrorist is our own government.

Bush, Obama, Clinton, Rubio and more all have an answer.

Bomb the fuck out of them and they will go away.

Definition of madness, doing the same thing over and over again and expecting a different result.

06-04-2016, 04:07 PM	#1
ITraffic Confirmed User Industry Role: Join Date: Jul 2013 Posts: 2,726	Is Canada ready for a world awash in $0 oil? Is Canada ready for a world awash in $0 oil? - The Globe and Mail A draft federal-government study leaked to the CBC this week, prepared by the government trend-forecasting office Policy Horizons Canada, starkly makes the case that oil may be on the verge of becoming almost worthless. The researchers analyzed worldwide pricing and technology and policy trends that are driving the price of non-fossil electricity sources downward at a far faster pace than expected ? along with surprisingly rapid technology-driven decreases in the price of grid-level energy storage and alternative-energy vehicles, manufacturing and heating. They found that we could be much closer than we think to an era when renewable and alternative-energy sources become significantly cheaper than fossil fuels. As a result, it concludes, ?a new electricity-based industrial ecosystem could emerge at a much faster rate than expected, significantly disrupting fossil-fuel markets.? Within a generation, global petroleum demand could ?decline further and faster than expected with significant impacts on high-cost producers,? such as Canada.

06-04-2016, 09:22 PM	#6
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,584	You're welcome! __________________ Custom Software \| Server Management \| Integration and Technology Solutions https://www.2much.net

06-04-2016, 10:01 PM	#7
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 73,000	What is really amazing is we thought oil production had peaked and was on a downward trend. Seems the opposite is happening - we (meaning everyone) can now pull more oil out of the ground using new methods, and now we can tap into a lot more oil. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

06-04-2016, 10:38 PM	#8
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Oil is used for more than fuel. Research what we use it for. However, a drop in price will decrease the money going to terrorists. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

06-04-2016, 10:44 PM	#10
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,928	There goes the neighborhood,we're fucked now __________________ *YOUR INFORMATION HERE*

06-04-2016, 04:36 PM	#2
PornWorx Confirmed User Industry Role: Join Date: Apr 2015 Posts: 235	Changes are coming. Some will suffer. Some will prosper. Life goes on.

06-04-2016, 06:51 PM	#3
Hannes Confirmed User Industry Role: Join Date: May 2016 Posts: 1,594	looks like there gonna be a few changes, if were strong we will survive, if not well then were screwed.

06-04-2016, 07:08 PM	#4
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	this guy sounds like a bunch of bullshit

06-05-2016, 12:38 AM	#11
incredibleworkethic Confirmed User Industry Role: Join Date: Sep 2009 Posts: 2,302	I know with Canada's shift to electricity coming up and the fact there are cheaper places to produce oil, it'll be a game changer. I'm no economist though, but it's common sense that something will change.

06-05-2016, 07:38 AM	#13
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,584	Wow Institutions worth $2.6 trillion have now pulled investments out of fossil fuels \| Environment \| The Guardian Norway confirms $900bn sovereign wealth fund's major coal divestment \| Environment \| The Guardian California passes bill forcing biggest pension funds to divest from coal \| Environment \| The Guardian Very cool. __________________ Custom Software \| Server Management \| Integration and Technology Solutions https://www.2much.net

06-05-2016, 07:57 AM	#14
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	If oil is worthless, how come it takes weeks for the price of gas to drop .20 cents and 2 days to raise .20 cents.

06-05-2016, 07:38 PM	#17
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Chile is generating so much solar power that it's giving it away for free \| Inhabitat - Green Design, Innovation, Architecture, Green Building This will lower the demand for natural gas if this happens in North America further affecting general oil and gas exploration and production Electric cars are no longer a novelty. What if the solar generated electricity to recharge an EMV was very low cost? Oil will never be worth nothing. Oil is a basic commodity for use in chemicals, plastics and lubricants. However, with little (or lessened ) demand for oil's use as a fuel source -- the price will plummet.