Recession just around the corner?

neilsleder

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I agree but this is putting a hurting on men that have worked in the oilfield for years and have made good financial choices. They are screwing anyone in the industry.

Why should someone in the oil industry pay 30 percent down while someone in the same financial position working in forestry pay 5 percent down. DISCRIMINATION.
Will not affect home prices as rentals will be in high demand. So less homeowners, more tenants. Rich get richer.

I don't agree with not lending to an oil field worker that's not right, why punish a guy for his choice of income.


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gates559

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Ok, I have been lending for 17 years also. CMHC and GE have not made any official changes specifically for oil field workers. They have always used a two year average of o/t and bonuses etc. They are getting a little stickier which is understandable. They would not ask for 30% down as anything over 20% down is not insured anyways. I do lots of lending for oil field workers that fly in and out of F. Mac as well around here and Saskatchewan and just did two this week.

Do you work with one lender or several. Give it a few days, I'm sure you will run into it.
 

800HMX

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And yet gasoline prices just jumped 12 cents per litre here. WTF are they blaming this hike on?
The Canadian Public (government) has refused to approve any new refineries (only modest improvements to existing). What we end up with is way too much demand for the existing supply. That is why the price is high in Canada - a much better balance between demand and supply in the USA.
 

S.W.A.T.

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Both east and west could use more refineries. Think of the jobs plus spin offs that it would create. I have always been for manufacturing our own products. Why ship it away to buy it back in another form?
 

DRD

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Nothing is built here due to high labor costs, tough environmental policy and everything is stifled by retarded safety policy and unfriendly taxation.
Anyone who has worked in any major industrial sites can see it's a Shiite show. When is the last time something came in on time and on budget?
 

rzrgade

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Both east and west could use more refineries. Think of the jobs plus spin offs that it would create. I have always been for manufacturing our own products. Why ship it away to buy it back in another form?
For the tenth trillion time !!! All the bloody tree hungers in your province constantly protest everything , all the time !!!!
What the hell Good is a refinery if you can't get the product to market ?????????????

The hippies , huggers , casino builders ... Won't let anything worthwhile get built. They stall it in red tape, and it will be MUCH worse with an Alberta NDP government , not to mention the hard on JT has for miss May....

Are you seriously estranged from the real world ???? Harper tried everything to get pipelines ( let alone refineries) built only to be constantly protested by the tree screwers in BC.... So do you think JT , knothead, Clinton and miss may are on side to build more oil and gas infrastructure .....???

please try to keep up with what's really happening......!
 
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S.W.A.T.

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Ontario must have the good stuff because whatever your smoking must put you out of touch with reality. Where in any part of my post did I say it WOULD happen. All I said is it would be nice. People protest anything and everything regardless of what it is. Perhaps you should read the post before jumping down my throat like an irate lunatic. With any project comes risk and reward. I will be the first to say if it can be done responsably then yes I would be all for a refinery in the west. You stay back east and complain.
For the tenth trillion time !!! All the bloody tree hungers in your province constantly protest everything , all the time !!!!
What the hell Good is a refinery if you can't get the product to market ?????????????

The hippies , huggers , casino builders ... Won't let anything worthwhile get built. They stall it in red tape, and it will be MUCH worse with an Alberta NDP government , not to mention the hard on JT has for miss May....

Are you seriously estranged from the real world ???? Harper tried everything to get pipelines ( let alone refineries) built only to be constantly protested by the tree screwers in BC.... So do you think JT , knothead, Clinton and miss may are on side to build more oil and gas infrastructure .....???

please try to keep up with what's really happening......!
 

rzrgade

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The fact is most of the red tape comes from your province ... That is a fact !!!
Convince all your lazy pot smokin comrades in BC and we would be in business ....

If you think there is equal resistance in all provinces to oil /gas development , you are more misinformed than I originally thought.....!
 
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S.W.A.T.

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Your high bud. Need to find something better to do. Not exactly sure how BC controls the country. Go on imform me.
The fact is most of the red tape comes from your province ... That is a fact !!!
Convince all your lazy pot smokin comrades in BC and we would be in business ....

If you think there is equal resistance in all provinces to oil /gas development , you are more misinformed than I originally thought.....!
 

ABMax24

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I think anyone that thinks there is one single reason we can't build oil and gas facilities and pipelines is also out of touch with reality. Between the Unions and their cost overruns, environmentalist protesters (who are often sponsored by foreign interests), native bands that won't allow pipelines to be built on "their land", foreign oil companies that choose to refine outside our borders, governments that allow and encourage the former to happen, land-owners that fight industry use of their land, other provinces that want a substantial cut of profits that aren't theirs, uncertain royalty rates from a new government, and unpredictable behavior from an astronomically large oil Cartel. Any single one of these issues can be overcome, but the sum of them poses increasingly huge hurdles on Oil and Gas development in Alberta, so as much as I'd love to tell Christie Clark to kiss my @ss, BC is not the only problem we have by a long shot. I also think it'll be a lot harder to build a pipeline East than one West, a lot of BC is starting to see the benefits of LNG terminals on their coast, now take a look at NB, they have been protested Fracing like crazy out there, but 3/4's of them don't know a single thing about it.
 

S.W.A.T.

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I have seen people protesting a clean water drinking plant only because no one knew anything about it. My comment was that it would be nice to see more refineries especially east and west. Someone uses that as opportunity to blame the entire countries problems on something I have nothing to do with.

On a side note a huge statement to the world would be this is our oil/minerals whatever, and we are going to process it ourselves. If we are so "green" as a country let prove it. By doing so would create massive skilled labor market and jobs for Canadians east to west. I'm all for producing our goods ourselves.
 

eclipse1966

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wow just wow! Nice of you to stereotype. Love to hear your thoughts about the other provinces.


The fact is most of the red tape comes from your province ... That is a fact !!!
Convince all your lazy pot smokin comrades in BC and we would be in business ....

If you think there is equal resistance in all provinces to oil /gas development , you are more misinformed than I originally thought.....!
 

rzrgade

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Don't add words to my post ! Where did I say it was ONLY BC ? We have this problem all across Canada ! The fact remains that Alberta is pro resource and BC tries to stop it whenever possible .... Logistical wise the oil has to get to the BC coast, so yes in fact BC has done its best to prevent that... Sorry those are just facts , again.

For the record ,please don't be so arrogant as to think this was directed at any one individual . It is a culture difference as a lot of people in BC love to take , take ,take and make a living selling dope and trying shut down one Canada's best revenue streams....

if you do not fall into that category great.... Relax take a breath !
Sadly there are way to many that do though in my opinion...
I have lived in both provinces for many years and I am of the opinion , BC draws a lot more of "some one else will pay for it"type of people and mentality .....
Most people here in Alberta are to busy to attend protests ...against our life style . We have to pay for the ones who contribute nothing & yet are trying to shut down the people that pay more than their share...!
 
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LBZ

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I have seen people protesting a clean water drinking plant only because no one knew anything about it. My comment was that it would be nice to see more refineries especially east and west. Someone uses that as opportunity to blame the entire countries problems on something I have nothing to do with.

On a side note a huge statement to the world would be this is our oil/minerals whatever, and we are going to process it ourselves. If we are so "green" as a country let prove it. By doing so would create massive skilled labor market and jobs for Canadians east to west. I'm all for producing our goods ourselves.
They (the government) don't want to refine it here. The carbon footprint, ghg and whatever other dumbass unit of measure they use to say how much each country pollutes would go up substantially. Even if it was cheaper to do so the government still wouldn't allow it cuz they don't want their image hurt as an environmental leader. What's dumb is that, ok, we ship it out of country to get processed and buy it back, but the same if not more emissions still get put into the environment. Which still affects everyone on the planet so what's the sense in that?

So oil companies try to ship it out and yet again leaf lickers and natives oppose it. Can't win.

Thing that pisses me off is that these same protectors of the planet drive and use millions of different items all made in one form or another via a hydrocarbon. I don't get it. How can people be so dumb?
 
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eclipse1966

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well in your last 2 posts all I read was "BC". Didn't see Sask, Manitoba etc etc. Your comments are a typical stereotype of the people of BC and the crazy thing is that most of my group of friends and relatives are in favour of pipelines including myself provided they are built safe. Keystone had been advertising out here in BC to get public opinion in their favour BUT when they deliberately mislead the people and get caught at it it leaves a very bad taste. So, maybe the finger pointing should be made at the very company left in charge to get the job done instead of "hippies and tree huggers" like you say. You make it sound like every corner there is a drug pusher. Give is a break as I am sure the mud slinging can come right at you as well.

Don't add words to my post ! Where did I say it was ONLY BC ? We have this problem all across Canada ! The fact remains that Alberta is pro resource and BC tries to stop it whenever possible .... Logistical wise the oil has to get to the BC coast, so yes in fact BC has done its best to prevent that... Sorry those are just facts , again.

For the record ,please don't be so arrogant as to think this was directed at any one individual . It is a culture difference as a lot of people in BC love to take , take ,take and make a living selling dope and trying shut down one Canada's best revenue streams....

if you do not fall into that category great.... Relax take a breath !
Sadly there are way to many that do though in my opinion...
I have lived in both provinces for many years and I am of the opinion , BC draws a lot more of "some one else will pay for it"type of people and mentality .....
Most people here in Alberta are to busy to attend protests ...against our life style . We have to pay for the ones who contribute nothing & yet are trying to shut down the people that pay more than their share...!
 

tex78

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Don't add words to my post ! Where did I say it was ONLY BC ? We have this problem all across Canada ! The fact remains that Alberta is pro resource and BC tries to stop it whenever possible .... Logistical wise the oil has to get to the BC coast, so yes in fact BC has done its best to prevent that... Sorry those are just facts , again.

For the record ,please don't be so arrogant as to think this was directed at any one individual . It is a culture difference as a lot of people in BC love to take , take ,take and make a living selling dope and trying shut down one Canada's best revenue streams....

if you do not fall into that category great.... Relax take a breath !
Sadly there are way to many that do though in my opinion...
I have lived in both provinces for many years and I am of the opinion , BC draws a lot more of "some one else will pay for it"type of people and mentality .....
Most people here in Alberta are to busy to attend protests ...against our life style . We have to pay for the ones who contribute nothing & yet are trying to shut down the people that pay more than their share...!
Did u go off ur meds again Neville






80% of this paragraph u wrote is complete b.s, even past Larry's b.s



Do u really believe what u wrote


For the record again, I know more people living in Alberta that are left handed cigarettes smokers than here in b.c



I have also lived at both provinces, yes b.c is more laid back... It's because there's no oilfield b.s attitude here to push sh!t, make people work retarded unsafe hours, through holidays ect

But b.c has a younger population that has a work ethic that the oilfield has screwed up Alberta youth into mehhhh work was that.... Hence y there is jack sh!t for young people working at timmies ect and Phillipines working cause no young kids want to work
 
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rzrgade

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well in your last 2 posts all I read was "BC". Didn't see Sask, Manitoba etc etc. Your comments are a typical stereotype of the people of BC and the crazy thing is that most of my group of friends and relatives are in favour of pipelines including myself provided they are built safe. Keystone had been advertising out here in BC to get public opinion in their favour BUT when they deliberately mislead the people and get caught at it it leaves a very bad taste. So, maybe the finger pointing should be made at the very company left in charge to get the job done instead of "hippies and tree huggers" like you say. You make it sound like every corner there is a drug pusher. Give is a break as I am sure the mud slinging can come right at you as well.
In the southern interior my brother in law worked for BC hydro, tracking down stolen electricity..... 1 in 4 averages were grow ops or connected to it....
Again this is what BC is known for ! Every day the cops are stopping any young guys with BC plates on Hwy16 by my place.they are carrying BC bud !
wether you want to admit that or not I do not really care....,
the fact remains we in Alberta pay the most of any province to support these chit heads.

To deny this is like saying we don't have an oil and gas buisness in Alberta.
Once again: in BC you have 100s of thousands of people using tax payer funded facilities, with out paying a dime.... And more often than not they are getting payed by the taxpayer to do this..

If you disagree with this that's fine, but
sorry those are the facts..,
 
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