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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.
H$ j9 c7 t% f, [, K0 [Price will not drop because of the surplus now, they are looking for the long term return." @. S Q2 t9 J# s% l0 ]
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2. No matter how the cost increase, for $70/Barrel, every barrel sold, there are $70 dollars
: s. L+ y2 {( p+ ?9 ], icollected for Alberta. Tax, labour ... Who cares how the wage for labour shootup.
; r1 b7 W: V; n4 ?8 FAs long as there are tons of money push in Alberta every year. Everything in Alberta will be more expensive.
0 X; n4 O# d) [% u, }; mReal estate's value increases 3 times as the GDP increase. (it is from statistics Canada, cannot find that : U; N f4 S+ }. h, y; W
source now). Think about it, last year GDP 6.5% for Alberta, 4.2% estimated for this year and 3.9% for next year.
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- M# ?$ O% c" T, ]% XHow much is the interest rate now? 6.25% for the prime rate. How about 7.25% next year?. C8 m! ]- r" _& d" b7 B5 ]
For the variable mortgage, 1% below prime, it is 6.25%. For one of my condo, I only pay 0 n# w6 \/ P# ^# Q9 W
$17000/year (6.25% now) or $19700/year ( when it increase to 7.25%) for the interest.
1 l. G8 m! r: y+ o; O% w* ~If you lock in the 5 years fixed, rate will be even lower. Big deal, I collect rent $18800/year now. 2 G! `8 s0 T- { W2 m+ z) B
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For the same reason, the oil project will not slow down if the oil price is $35/barrel above.
: H* i9 b8 ?7 r: l# @) f& mBecause that is the bottom line of oil sand profit in Alberta.
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I don't want to argue with you guys anymore. Have a good weekend. |
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