Posts Tagged ‘oil’

Popular opinion suggests any slowdown in resource demand from China, which is becoming more desperate in its attempts to revive its flagging economy, will be especially bad for a commodity-dependent economy such as Canada’s. That may well be the case, but it does overlook at least one key silver lining. Sharply lower commodity prices are [...]

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Oil’s slide below $50 (U.S.) a barrel is the latest turn for a bear market that looks to be settling in for an extended stay. In the oil patch, hope springs eternal that prices will rebound and the cyclical industry can begin a long and profitable march up the curve of another upswing. A glance [...]

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How deep is the hole the oil industry is currently stuck inside? To figure that out, you only need to look as far back as last week, which saw another two trainloads full of oil derail and storage numbers that put U.S. crude stocks at record highs Every new pipeline leak or train derailment puts [...]

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It’s a few weeks into a brand new year and so far Canadians are discomfited by watching our dollar rank among the world’s worst-performing currencies. The oft-cited reasons include high consumer debt levels, the potential for a housing bubble, and worries that Canada’s economy is on a divergent path from the US. Really, though, it’s [...]

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Tick, tick, tick. The countdown to another rail accident is already on. A 90-car derailment last week in Alabama is only the latest in a series of train wrecks unfolding across North America. The next one, as promised by a dangerous combination of lax regulations and booming traffic, is just around the bend. Fracking may [...]

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