Mike's Daily Comment

Making A Monster Bet On The Future Of Oil

The world’s biggest company, Saudi Aramco, the national oil company of Saudi Arabia just issued $12 billion US in bonds – which left $88 billion in order unfilled.  But the big story is what the offering tells us about the future price of oil.

Government Agency Forecast Another 12,500 Jobs Lost in Oil Sector

Given the Fed’s concern over the supposed 9,000 jobs losses if SNC Lavalin is criminally convicted – do you think they’re 35% more concerned with the 12,500 jobs their own agency projects?

Still Don’t Get It On The Carbon Tax on Gasoline

There’s a good reason why BC’s carbon tax on gasoline feels a heck of a lot worse for BC consumers than Alberta’s carbon tax does for its drivers.

More Climate Change BS…Does It Ever Stop

We’re told that climate change is an immediate danger but when gasoline prices rise, which discourages driving and reduces emissions – we get some climate change advocates talking about government taking action to lower prices.

Government’s are trying to solve what is primarily a supply problem by going after demand.  It’s obviously slowed market activity but that in turn discourages future building. Meanwhile the population continues to grow along with demand.