Canadians Panic As Food Prices Soar On Collapsing Currency

Zerohedge ^ | 1/13/16 | Tyler Durden

[Vision]

But they have Free healthcare

And endless amounts of Syrian ISIS terrorists on the way...

[mumblypeg]

Had to look up ‘poutine.’ You’re right. It’s vile.

[Smokin' Joe]

Not so much shale oil, as bitumen (heavy crude) from the Tar Sands. Most shale oil has an API gravity of 30-35 or higher (light crude) as opposed to the Tar Sands oil which generally has an API gravity under 10. What that means is that while the shale oil is liquid at room temperature, the bitumen will gel in a cup.

The takeaway from that, though is that efforts to increase pipeline capacity to export markets (US and Asia) have been thwarted, for the most part, and that those markets have imploded. If the US (Canada is our largest supplier of imported oil) isn't importing as much, the unconventional reservoir revolution (shale oil and fraccing horizontal wells in the US) has increased our domestic production, but our demand isn't screaming up despite lower product prices.

Essentially, that says our economic recovery is bogus, now that the oil patch economy is shrinking.

[Big Horn]

Yes, but they have free healthcare!

good one

[Smokin' Joe]

Just a technical note. Fraccing operations are short lived. That is the fracturing of the rock formation the oil is coming out of, down hole in the oil well. That fracturing takes a few days to set up and do.

From there, it is just another oil well, albeit one which may have some special production challenges compared to a vertical well.

While some wells may be shut in, those will be very few and will have been marginal from day one.

In order to keep the oil exploration lease, the oil company has to continue getting production from the well on that lease. Temporary shut-ins for well maintenance or production enhancement treatments are okay as long as they don't go too long. If the well is not produced, the lease can revert to the mineral rights owners.

The wells here most likely to be plugged are old wells which have reached the point where they produce so much salt water relative to oil that the oil isn't paying operating and disposal costs for the salt water.

Canada has conventional oil wells as well as the tar sands operations.

[Smokin' Joe]

Is that from a movie? If so, which one?

[Big Horn]

NORTH KOREA SAYS NUCLEAR TEST SHOWS IT COULD ‘WIPE OUT’ US
http://freerepublic.com/focus/news/3383369/posts

If we get wiped out we can’t ever pay.

[I want the USA back]

What will the liberal government, that caused this, do? probably raise taxes on the “rich”.

[Moonman62]

As Bloomberg reminds us, Canada imports around 80% of its fresh fruits and vegetables.

...

I didn’t know Canadians ate fruits and vegetables. They have beer.

[familyop]

Thanks, Smokin’ Joe.

[<1/1,000,000th%]

The US debt will be $27 trillion by the time Obama leaves office. Don’t forget about the $7 trillion in agency debt Obama has racked up but refuses to mention.

[Thank You Rush]

Time for bootlegging produce across the border.....

[Chode]

but do i still get a free spin of the wheel???

[Moonman62]

Canada has a resource based economy. No one is using those resources, no economy. Mining, petroleum, timber...

No Keystone XL cut an outlet for the oil being produced there, and with low prices, that hurts, too.

...

50 posts and someone got it right. Congrats!

[steve86]

Single Payer Health Care contributes a large portion of these costs....

And it used to when food in Canada was relatively inexpensive also. Kind of blows your argument.

[steve86]

Almost no one who works for the government (federal, provincial, metro) makes under C$100,000. Buys a lot of Corn Flakes.

[Lazamataz]

Fallout 4, a game.

[Bloody Sam Roberts]

NORTH KOREA SAYS NUCLEAR TEST SHOWS IT COULD 'WIPE OUT' US

I wonder if "North Korea" actually understands how many nuclear warheads it would take to 'wipe out' the USA.

It's likely that the pea brains in charge over in that Rhode Island size shite hole have no concept of size.

[faithhopecharity]

we have seen bologna go in one leap from 4.99 to 6.49.
eggs from 1.69 to 6.49
rotisserie chickens from $5 to $8
cookies from $5 to $6
bottle of tea from $1 to $1.79
tuna tin from around 60 cents to around a dollar
(varies day by day it seems)

and so forth.
oh yes, grain bread from 3.99 to 6.49 a loaf.
and so it goes. most of the above increases were in One Big Leap. All were over the last few months ...

so I don’t know if things cost even more in Canada but they sure ain’t getting any cheaper in the States, that’s for sure!

Costco has some good items at lower prices, and a friend says that his local WalMart is pretty good too - tho he personally shops at Costco. FYI these places might be worth checking out if they are in your area.

[familyop]

Well said! Also, much of the propaganda we've been exposed to (e.g., the movie, "The Day After") exaggerates the power and omits the limitations of nuclear weapons. Here's something fun to play with but more accurate than most of the information that we've seen.

NukeMap
http://nuclearsecrecy.com/nukemap/

Special political interests have been lying to us about the effects of nuclear weapons. Nuclear war is much more survivable than presented in their false scenarios! Have a look at the effects of one of the most powerful warheads--warheads that will not be used, because much smaller yields are much more practical (costs, delivery, concealment for mobiles, lack of extra effects with higher yields, etc.).

http://glasstone.blogspot.com/2009/11/groupthink-and-proliferation-why.html
Declassified effects of nuclear weapons and other threats: minimizing weapons effects on civilians
Can Britain and America prevail over an alliance of Russia, China, Iran and North Korea in WWIII? American sanctions on Japan in 1940 led to Pearl Harbor on 7 December 1941, so beware of the lessons of history Mr President, and get civil defense Wednesday, November 18, 2009 Evidence that inaccurate statements about weapons effects have historically caused increased threats to national security, instead of reducing them

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EFFECTS OF THE EXPLOSION OF A THERMO-NUCLEAR BOMB