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回复 #36 Yang123 的帖子
1. OPEC is not a Social Welfare Organization, they are not working for benifit of the whole world.5 U1 d: @$ O/ e4 m% G+ V
Price will not drop because of the surplus now, they are looking for the long term return.
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2. No matter how the cost increase, for $70/Barrel, every barrel sold, there are $70 dollars . a& r7 X) B" R$ { r
collected for Alberta. Tax, labour ... Who cares how the wage for labour shootup. 4 b8 P, k0 F$ p# J9 J. ^
As long as there are tons of money push in Alberta every year. Everything in Alberta will be more expensive.
5 r9 v9 F* K' z9 z+ sReal estate's value increases 3 times as the GDP increase. (it is from statistics Canada, cannot find that
7 R+ S0 w8 o; z0 ?8 O" q; K: lsource now). Think about it, last year GDP 6.5% for Alberta, 4.2% estimated for this year and 3.9% for next year.
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How much is the interest rate now? 6.25% for the prime rate. How about 7.25% next year?
3 @5 Q/ Z! Q1 T4 sFor the variable mortgage, 1% below prime, it is 6.25%. For one of my condo, I only pay 1 k1 x+ T1 F, u, s- T
$17000/year (6.25% now) or $19700/year ( when it increase to 7.25%) for the interest. - |1 a/ ^9 y; c# v, Q" [
If you lock in the 5 years fixed, rate will be even lower. Big deal, I collect rent $18800/year now.
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. ~) K- w d7 G1 X7 T: G: ]For the same reason, the oil project will not slow down if the oil price is $35/barrel above. w9 D# k0 Q0 i
Because that is the bottom line of oil sand profit in Alberta.; K/ W/ \# j+ S
+ v4 V" ?6 r1 W- N1 ]! k8 vI don't want to argue with you guys anymore. Have a good weekend. |
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