RE:RE:RE:There was a time...Johnnysback wrote: 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.
Yeah but they theorize a border tax would boost the US$ about equal to the % of the border tax meaning net neutral impact on price of imported good for US consumers. It is indeed scary. Trump might just be arrogant enough to do it. Long run impact on world economy would be disastrous. Sell oil, buy gold (if you really believe they'll do - I'm hoping they won't - fingers crossed)