A replica of the Back to the Future DeLorean is shown at the Cars of the Hollywood Screen car show. Source: www.dreamstime.com © ecadphoto
The headlines say that we have seen this kind of collapse before. With the benchmark US oil price (WTI) nearing the $US 40/B floorboard, wide spread pessimism is taking root with a growing number of voices associating this downturn with the sickly era circa 1986. Read more
Source: www.dreamstime.com © Ryjkov
When a patient gets a diagnosis – such as high cholesterol – it is an early warning sign that they should take proactive measures to reduce the chances of getting a blockage. Likewise, the temporary crunch in Western Canada’s regional natural gas pipeline system is an early indicator that these energy arteries should not be ignored.
Photo: ARC Financial
Some used to call it Black Gold.
Back in the good ‘ol days of John Wayne, crude oil gushing from a well was a thing of value. These days, neither the black stuff nor gold is worth much. Both commodities have been clobbered in the market; oil down 50% from last year’s average; gold down 20% from 2014 highs. But it doesn’t end there. Other valuable natural resources like iron ore, nickel, and copper, have been thrashed by double-digit price drops too. Read more
Photo: Peter Tertzakian
Ouch. The oil price war is hitting Canada hard.
The near-term outlook looks unforgiving. Iran may be joining the fray on the supply side. Economic chaos in Greece and stock market convulsions in China are leaning on demand. It’s not clear whether we should turn to Plato or Confucius for wisdom. Read more
