MAYDAY! MAYDAY! CANADA ON FIRE!!
http://www.cbc.ca/news/canada/edmonton/wildfire-destroys-fort-mcmurray-homes-most-of-city-evacuated-1.3563977
CITY WIDE EVACUATION! SHORT CANADA! LONG OIL! THIS IS NOT A DRILL! I REPEAT, THIS IS NOT A DRILL!
dollar gonna drop to 70 cents?
>>1229667
It very much could do that. Also economy will go down. The ripple effects from the panic when it hits mainstream media will set back the the markets quite a bit. Its truly a wonderful time to be alive. Could be anything from a few percent down to black wendsday.
>>1229688
THANK GOD
https://www.youtube.com/watch?v=cqwUjA8vgKk
SUNCOR REFINERY IS BEING EVACUATED
POTENTIALLY 800,000 BARRELS A DAY OF OIL PRODUCTION WILL BE TAKEN OFFLINE
OIL PRICE WILL SKYROCKET TOMORROW
>>1229708
DO I BUY GLRI NOW????
>>1229708
This
>>1229708
A refinery going down means less crude is being consumed. Gas prices skyrocket, and unrefined crude plummets, right?
>>1229767
The refineries convert oil sands into crude
>>1229708
FUCK IS THIS GOOD OR BAD FOR MY INVESTMENTS
>>1229708
futures trading flat. Looks like Canada doesnt matter after all. What else is new
Death, Disease, Drugs, Divorce, Denial
I think this fits under death and disease. Maybe but its canada.
>>1229849
no one serious is up this late. I'm buying another TF myself, hopefully it'll go up to 1150 by the end of the week
http://boards.4chan.org/pol/thread/72906756/.
>>1229861
But I still doubt that 1% of the global crude production would sway the market that much.
>>1229878
Shit why's it on fire?
Please say the oil sands caught fire and the liberals were right all along. I'll make so much money.
http://finance.yahoo.com/news/suncor-energy-provides-operational-014139783.html
This says they are lowering production at Suncor, not stopping it.
>>1229879
Oversupply is only about a million barrels a day. 800,000 barrels is a huge deal, literally 80% of oversupply, but I'm not sure that would happen from a refinery shutdown
>>1229879
that's about how much Iran has been throwing a fit over. not saying is a hueg long-term problem, but it can get you 2% tomorrow
>>1229896
I would say the big problem is that that they expect the fire to grow, with more being evacuated and more refineries being put in danger/their camps filled with "refugees"
>>1229655
>First, Kuwaiti oil strike out of fucking nowhere.
>Now this.
Market manipulation at its finest.
>fort mac
You realize it has nothing to do with the oil sands? It's just the last town before the oil sands which are still far as fuck away. Also because of the nature of the oil sands they dont burn
>>1229880
>Shit why's it on fire?
90F up there. Just like a typical California wild fire. Nothing amazing.
Okay fire is at the southernmost point of this map of them there oil sands.
>>1229923
So not only is it a trench, but it could start a chain reaction. Star Wars fan confirmed for reenacting the Death Star explosion on May the force day.
>>1229655
Oh shit looks like the hockey playoffs will be postponed.. oh, thats right... nvm
>>1229861
/TF? Why buy Russel futures if you think oil is gonna rise? Don't get what you mean, wouldn't you just buy /CL?
>>1229970
I play Russell the most, it's been following an upward trend quite well, but the past few days have been rough. I think it's due for another breakout
>>1229880
>liberals were right all along
keep dreaming cuck
>>1229655
First of all fuck you, I know a lot of people who's lives are in danger. Second of all you're Fucking retarded and know nothing about Alberta. None of the camps are affected since they are no where near Fort Mac. In fact camps are being used for emergency refugee camps for those being evacuated. Thirdly the oil sands production is so stagnant already this will have no affect on oil indexes.
So what are the main insurance companies in alberta?
