Doesn't look like loonie is gonna lose steam anytime soon.. - GoFuckYourself.com

LadyMischief · 12-30-2005, 10:56 AM

Sometimes it sucks to have our economy linked to oil. Wonder how long before Bush invades?

"Canada's oil production will rise to at least 3.3 million barrels a day by 2010, according to CAPP estimates, from 2.6 million now coming out of the ground. Production from the oilsands is expected to double to two million barrels, while conventional production is seen to stay flat at one million barrels from Western Canada and decline to about 250,000 from Newfoundland's offshore.

The jump will lift Canada from the ninth largest oil producer in the world to seventh, after Saudi Arabia, Russia, the United States, Iran, China and Mexico, and ahead of Norway and Venezuela. Five years after that, in 2015, Canada is expected to rise further to fourth spot, moving ahead of Iran, China and Mexico, as oilsands volumes expand to an estimated three million barrels a day.

On the natural gas front, Canadian production is expected to rise as much as 20% to 20 billion cubic feet a day over the same period, from the current 17 billion cubic feet, firming up Canada's rank as the world's No. 3 natural gas producer after Russia and the United States, according to industry estimates. Most of the new production is expected to come from coalbed methane and the Arctic, assuming the Mackenzie gas pipeline has been completed."

http://www.canada.com/nationalpost/f...d876e8&k=21603

AdPatron · 12-30-2005, 10:58 AM

Huh? Who is loonie?

LadyMischief · 12-30-2005, 11:29 AM

Quote:

Originally Posted by JoesTraffic

Huh? Who is loonie?

Canadian dollar?

StuartD · 12-30-2005, 11:31 AM

It won't be long before I'm getting $0.90CAD for every $1US.

8 Characters · 12-30-2005, 11:32 AM

Oil Wars are sooo cool.

WiredGuy · 12-30-2005, 11:36 AM

Invade is such a bad word, Bush would refer to it as liberating us

WG

fris · 12-30-2005, 11:37 AM

i remember the day when 1$ was 1.578 i was profiting from my checks. now my sponsors might as well pay me in candian funds. cause usd is the same as candian almost.

StuartD · 12-30-2005, 11:37 AM

Quote:

Originally Posted by WiredGuy

Invade is such a bad word, Bush would refer to it as liberating us

WG

So true!

LadyMischief · 12-30-2005, 11:59 AM

Quote:

Originally Posted by NichePay - StuartD

It won't be long before I'm getting $0.90CAD for every $1US.

I know it licks balls bigtime

LadyMischief · 12-30-2005, 12:00 PM

Quote:

Originally Posted by fris

i remember the day when 1$ was 1.578 i was profiting from my checks. now my sponsors might as well pay me in candian funds. cause usd is the same as candian almost.

Yep..when the loonie took off (aka the US dollar tanked) we lost something like 28% off our bottom line in a few months.. it's ridiculous

pornguy · 12-30-2005, 12:01 PM

The march is already on to liberate you. thats why we are sending all the guns there.

WiredGuy · 12-30-2005, 12:02 PM

Quote:

Originally Posted by fris

i remember the day when 1$ was 1.578 i was profiting from my checks. now my sponsors might as well pay me in candian funds. cause usd is the same as candian almost.

Time to start looking for sponsors who pay in euros, lol.
WG

JimmiDean · 12-30-2005, 12:04 PM

The Economist says the Canadian dollar will hit 94 cents U.S. in 2006

fris · 12-30-2005, 12:04 PM

$5000 usd is $5818 can

use to be $7890 can

big diff

WiredGuy · 12-30-2005, 12:07 PM

Quote:

Originally Posted by fris

$5000 usd is $5818 can

use to be $7890 can

big diff

You're telling me, this is the quote I got from my forex guy this morning:

At this moment the rate would have been $ 1.1600 = $ 68,965.52 USD to receive $80,000.00 CAD.

This is the worst rate I have seen since I can remember.
WG

Elli · 12-30-2005, 12:09 PM

Quote:

Originally Posted by LadyMischief

Yep..when the loonie took off (aka the US dollar tanked) we lost something like 28% off our bottom line in a few months.. it's ridiculous

Hear, hear!

Ah those good old days. My last cheque got converted at 1.13 and the teller girl couldn't figure out why my eyes nearly popped out.

AZNNC · 12-30-2005, 12:14 PM

IT sucks big time. If it were 1.5X still id be a rich man.

Trixxxia · 12-30-2005, 12:19 PM

Having friends working in banks, I always had good rates. I remember the peak of it at over 1.60 Alas those days are gone.

Interestingly -
Feb 25/2005 the exchange rate for me was at 1.22435
Apr 28/2005 had looked like it was going to start climbing again: 1.2300
Dec 28/2005 the exchange rate for me was at 1.1499500

I hope 2006 will 'help' us a bit eheheh

NoCarrier · 12-30-2005, 12:22 PM

Soon we will be able to buy the United States.

And sell it to North Korea for 5 dolla.

12-30-2005, 10:56 AM	#1
LadyMischief Orgasms N Such! Industry Role: Join Date: Sep 2002 Location: Oakville, Ontario Posts: 18,135	Doesn't look like loonie is gonna lose steam anytime soon.. Sometimes it sucks to have our economy linked to oil. Wonder how long before Bush invades? "Canada's oil production will rise to at least 3.3 million barrels a day by 2010, according to CAPP estimates, from 2.6 million now coming out of the ground. Production from the oilsands is expected to double to two million barrels, while conventional production is seen to stay flat at one million barrels from Western Canada and decline to about 250,000 from Newfoundland's offshore. The jump will lift Canada from the ninth largest oil producer in the world to seventh, after Saudi Arabia, Russia, the United States, Iran, China and Mexico, and ahead of Norway and Venezuela. Five years after that, in 2015, Canada is expected to rise further to fourth spot, moving ahead of Iran, China and Mexico, as oilsands volumes expand to an estimated three million barrels a day. On the natural gas front, Canadian production is expected to rise as much as 20% to 20 billion cubic feet a day over the same period, from the current 17 billion cubic feet, firming up Canada's rank as the world's No. 3 natural gas producer after Russia and the United States, according to industry estimates. Most of the new production is expected to come from coalbed methane and the Arctic, assuming the Mackenzie gas pipeline has been completed." http://www.canada.com/nationalpost/f...d876e8&k=21603 __________________ ICQ 3522039 Content Manager - orgasm.com [email protected]

12-30-2005, 11:31 AM	#4
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	It won't be long before I'm getting $0.90CAD for every $1US. __________________ This is me on facebook This is me on twitter

12-30-2005, 11:36 AM	#6
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,482	Invade is such a bad word, Bush would refer to it as liberating us WG __________________ I play with Google.

12-30-2005, 11:37 AM	#7
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,372	i remember the day when 1$ was 1.578 i was profiting from my checks. now my sponsors might as well pay me in candian funds. cause usd is the same as candian almost. __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

12-30-2005, 12:01 PM	#11
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	The march is already on to liberate you. thats why we are sending all the guns there. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

12-30-2005, 10:58 AM	#2
AdPatron No commissions, no fees. Industry Role: Join Date: Apr 2003 Location: USA Posts: 17,706	Huh? Who is loonie?

12-30-2005, 11:32 AM	#5
8 Characters So Fucking Banned Join Date: Jan 2005 Location: This month's character: Dirty Franck Posts: 2,336	Oil Wars are sooo cool.

12-30-2005, 12:04 PM	#13
JimmiDean Confirmed User Join Date: Nov 2004 Location: Margarittaville Posts: 3,433	The Economist says the Canadian dollar will hit 94 cents U.S. in 2006 __________________ My God there's Porn on here! Still on the Beach !!!

12-30-2005, 12:14 PM	#17
AZNNC Confirmed User Join Date: Jan 2005 Posts: 592	IT sucks big time. If it were 1.5X still id be a rich man.

12-30-2005, 12:19 PM	#18
Trixxxia Confirmed User Industry Role: Join Date: Aug 2004 Location: Montreal, Canada Posts: 5,600	Having friends working in banks, I always had good rates. I remember the peak of it at over 1.60 Alas those days are gone. Interestingly - Feb 25/2005 the exchange rate for me was at 1.22435 Apr 28/2005 had looked like it was going to start climbing again: 1.2300 Dec 28/2005 the exchange rate for me was at 1.1499500 I hope 2006 will 'help' us a bit eheheh

12-30-2005, 12:22 PM	#19
NoCarrier We need more free porn Join Date: Mar 2002 Location: Montreal Posts: 16,356	Soon we will be able to buy the United States. And sell it to North Korea for 5 dolla. __________________