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Old 01-04-2015, 07:39 PM   #21
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My county is ground zero of the sand supply needed for fracking. Neighbors are fighting neighbors and its not pretty. The current cheap plentiful oil supply might slow the sand mining demand down long enough for the local small communities to figure out how to deal with it all in a rational manner.
We camped at Perrot SP in Trempealeu County Wisconsin this fall with 4 of our grandchildren. The physical damage done by the mining of fracking sand is obvious ,the human toll is just better hidden . I hope you get a handle on the issue soon .
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Old 01-04-2015, 08:06 PM   #22
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Glad to see all of you that have under $2.00 per gallon regular; here in upstate NY with our high fuel taxes, it is still $2.69 (although that is far better than it was a couple of months ago)...
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Old 01-04-2015, 08:25 PM   #23
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My county is ground zero of the sand supply needed for fracking. Neighbors are fighting neighbors and its not pretty. The current cheap plentiful oil supply might slow the sand mining demand down long enough for the local small communities to figure out how to deal with it all in a rational manner.
Maybe you can import tar sands from Alberta? Win, win?
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Old 01-04-2015, 08:40 PM   #24
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We camped at Perrot SP in Trempealeu County Wisconsin this fall with 4 of our grandchildren. The physical damage done by the mining of fracking sand is obvious ,the human toll is just better hidden . I hope you get a handle on the issue soon .
The irony of it all is that our small area of WI, IA and MN, called the Driftless Region, had just started becoming more widely known for the beauty of our bluffs and valleys. The last 3 glaciers missed our area, leaving some very ancient geography in place, rather than being scraped flat like much of the Midwest. Tourism had just become the 2nd or 3rd largest industry at about the same time the sand boom hit, so now the tops of those bluffs are getting lopped off to get that ancient sand buried under them.
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Old 01-04-2015, 09:50 PM   #25
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May be gloomy in Alberta, but cheery elsewhere in the country.
Many Canadians own shares in the oil industry, and there is lots of production outside Alberta too. Alberta also transfers quite the bundle of money that the rest of the country benefits from, which stems from oil revenue. A major portion of the job losses in the oil sector will be to people here to work from other provinces too.
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Old 01-04-2015, 10:24 PM   #26
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Mine is just information gleaned from CBC news and panel discussions on the situation.
Job losses in the oil sector may be made up with more manufacturing jobs in Ontario ( unless they make stuff for extracting oil ).
One thing I do know about the economy is that I know nothing about economics.
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Old 01-04-2015, 10:52 PM   #27
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I don't know much about economics either, but I read those who do. Moody's Analytics estimates that the fall in gas prices will put over 100 Billion dollars in US consumer's pockets vs what they had last year, and will be a boom to the economy as a whole. Of course, if you are vested in the Oil industry, there's a hit.
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Old 01-04-2015, 11:25 PM   #28
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And that's the benefit. Booming U.S. economy plus lower Canadian dollar due to lower oil prices benefits Canadian exports.
Suspect Keystone pipeline is dead. I think my mutual fund owns some of that.
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Old 01-05-2015, 01:12 AM   #29
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And that's the benefit. Booming U.S. economy plus lower Canadian dollar due to lower oil prices benefits Canadian exports.
Suspect Keystone pipeline is dead. I think my mutual fund owns some of that.
Dunno about the pipeline. There's a HUGE push to get it passed in the Senate next week.
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Old 01-05-2015, 01:20 AM   #30
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Senate can pass it, but they can't make it a profitable venture.
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