Recession just around the corner?

[TylerG]

exactly....don't fawk up my after hours Edmonton last minute parts getting contact lol. lots more twisted tea where those last ones came from my friend

We need to do another "I'm going to a rally tomorrow and I need these parts right now" run?

 

[teeroy]

We need to do another "I'm going to a rally tomorrow and I need these parts right now" run?

I sure hope not....but good to have options heh heh

 

[LUCKY 7]

Tyler G you must be in parts?

We need to do another "I'm going to a rally tomorrow and I need these parts right now" run?

 

[PowderStew]

Some analysts calling oil bottomed and settling this week

Not likely. One factor that kept it at $50 is buyers picking up oil cheap and putting in storeage with the hope of makeing money when sold in a few month or year. A large amount of oil has been going into this storage for last couple of months. All the storeage depots in around the world are now full. Bays and inlets in different parts of the world are now filling with supertankers filled with this spec oil. Once this oil stops going to storage, the demand is going to drop and prices with it. Yesterday, Friday the 13th, oil was down to under $45, several commentators commented it was becasue of decrease demand as there is no more storage capacity anywhere in the world. $25 oil in on the way.

 

[rzrgade]

Two words why oil will come back, always has, always will...
As oil prices drop ,demand will increase due to low price margins. This will empt supply and thus increase demand. In all likly hood pushing oil higher than it ever has been....I am old enough to remember .03 cent a litre farm diesel....lol

Supply & demand .

For those that think oil will stay at this price , remember that when we see 1.60 $ a litre gas when it turns ....

 

[teeroy]

no one is saying it won't come back up, it's just a matter of when. the longer it takes, the worse things will get for some.

 

[pfi572]

Pfffft
1.60 L
It will be over a dollar shortly with $45 dollar oil.

 

[moyiesledhead]

Pfffft
1.60 L
It will be over a dollar shortly with $45 dollar oil.

It's $1.09 here right now!

 

[LennyR]

It's a certainty by May long weekend in Alberta the price will be way up .

 

[fredw]

Sounds like a few shops cleaning up on bad staff, just like any business in a slow down..

had a semi load of diesel brought up from us.. 70 cents a liter laid in or 209/us gallon.. Look around

 

[Joholio]

Sounds like a few shops cleaning up on bad staff, just like any business in a slow down..

had a semi load of diesel brought up from us.. 70 cents a liter laid in or 209/us gallon.. Look around

Details please lol

 

[HeavyD111]

Good friend in Med Hat was laid off, first time since 1995 for him. Is/was a fracker, has 4 kids wife etc..tough times. He wasnt bad with money , never bought a new car or truck so hes ok for a while, but said hes not sure when things might pick up again.

Funny thing is He always needled me about being in school at a later age, but i think it was worth it. I may not have much, but I know my job isnt going anywhere.

 

[Joholio]

I used help frame houses during breakup. Made me appreciate my oilpatch job I tell ya

 

[j335]

10% layoffs today at Nexen, US & Canada

 

[bingo1010]

10% layoffs today at Nexen, US & Canada

company wide or just one site?

 

[sumx54]

company wide or just one site?

Nexen reorganizes, lays off 300 in Calgary | Calgary Herald

 

[Turts]

Trican just skinnied up the staff in Medicine Hat too!
Sounds like cuts in other locations as well.
Man, this is getting serious.

 

[teeroy]

Trican just skinnied up the staff in Medicine Hat too!
Sounds like cuts in other locations as well.
Man, this is getting serious.

oil trading at under $43 right now.

 

[Mike270412]

oil trading at under $43 right now.

I don't think it's quite bottomed out yet.

 

[TylerG]

oil trading at under $43 right now.

Edmonton Journal reporting closer to $50 at close today?