RE:RE:There was a time...MustangMatt wrote: It's really weird, makes me nervous. The only thing I can think of is the boarder tax. What else could it be? I mean you have some good companies hitting 52 week lows like Tamarack Valley TVE, after good news (reserves) and the price is of oil is double from a year ago. Something is up, and we just don't know it yet.
The stock market aside, I am really concerned for Canada. Where I live, Alberta, has been in a nasty recession for 2 years now. A BAT tax would be another weight on us and Canada.
Our housing market is sketchy high and personal debt is through the roof. I don't like it one bit, cheers Matthew
Just imagine how the US consumer will feel if there is a border tax on oil....... that means anything and everything Canadian oil is used for in the US will be a higher price, heating, gasoline, etc.... When you put in that perspective it doesnt seem to make a lot of sense for the US govt to tax Canadian oil coming across the border.