The Official Random...
 
Notifications
Clear all

The Official Random Thoughts Thread  

Page 86 / 104
  RSS

Lonz
 Lonz
(@alonzo)
Member Forum Superstar!
Joined: 3 years ago
Posts: 592
10/09/2019 11:30 am  

Man, the economic downturn in Alberta has been brutally.  I just called my favorite local shop from my days in Calgary, Royal Board Shop, to place a pre-order and found out they're closing at the end of the month.  Like so many Albertan businesses over the past few years, they just couldn't keep their head above water. 

Regardless of where one falls on the 'oil is good/oil is bad' spectrum, it's sad seeing the run-on effects hit Main Street in the way they have.   Such a bummer.


ReplyQuote
c.fuzzy
(@c-fuzzy)
Cold Chillin' Admin
Joined: 4 years ago
Posts: 1636
10/09/2019 12:27 pm  
Posted by: Lonz

Man, the economic downturn in Alberta has been brutally.  I just called my favorite local shop from my days in Calgary, Royal Board Shop, to place a pre-order and found out they're closing at the end of the month.  Like so many Albertan businesses over the past few years, they just couldn't keep their head above water. 

Regardless of where one falls on the 'oil is good/oil is bad' spectrum, it's sad seeing the run-on effects hit Main Street in the way they have.   Such a bummer.

Has there really been an big economic downturn up there?

So far, outside of the yield curves and broad purchasing orders down type data showing the impending declines, I haven't seen it here. Still 'now hiring' signs all over. It's weird.


ReplyQuote
Lalune
(@lalune)
Member Forum Superstar!
Joined: 2 years ago
Posts: 399
10/09/2019 12:52 pm  
Posted by: c.fuzzy
Posted by: Lonz

Man, the economic downturn in Alberta has been brutally.  I just called my favorite local shop from my days in Calgary, Royal Board Shop, to place a pre-order and found out they're closing at the end of the month.  Like so many Albertan businesses over the past few years, they just couldn't keep their head above water. 

Regardless of where one falls on the 'oil is good/oil is bad' spectrum, it's sad seeing the run-on effects hit Main Street in the way they have.   Such a bummer.

Has there really been an big economic downturn up there?

So far, outside of the yield curves and broad purchasing orders down type data showing the impending declines, I haven't seen it here. Still 'now hiring' signs all over. It's weird.

That's why they are called leading indicator :p


ReplyQuote
c.fuzzy
(@c-fuzzy)
Cold Chillin' Admin
Joined: 4 years ago
Posts: 1636
10/09/2019 2:53 pm  
Posted by: Lalune
Posted by: c.fuzzy
Posted by: Lonz

Man, the economic downturn in Alberta has been brutally.  I just called my favorite local shop from my days in Calgary, Royal Board Shop, to place a pre-order and found out they're closing at the end of the month.  Like so many Albertan businesses over the past few years, they just couldn't keep their head above water. 

Regardless of where one falls on the 'oil is good/oil is bad' spectrum, it's sad seeing the run-on effects hit Main Street in the way they have.   Such a bummer.

Has there really been an big economic downturn up there?

So far, outside of the yield curves and broad purchasing orders down type data showing the impending declines, I haven't seen it here. Still 'now hiring' signs all over. It's weird.

That's why they are called leading indicator :p

Right right. My point was more that idk if it's the economy (such that idk if Alberta has actually seen places being hit since we haven't. Local economies being different ) or if it might be attributed to something like... the ol' internet continuing to take sales from brick n morter. If Alberta is actually seeing recession type changes I wouldn't know.


ReplyQuote
Lonz
 Lonz
(@alonzo)
Member Forum Superstar!
Joined: 3 years ago
Posts: 592
10/09/2019 3:55 pm  

Yeah, Alberta has a pretty unique issue going on.  Its economy is very dependent on oil and gas, but it is landlocked, which makes shipping its products much harder.  It relies on pipelines and railcars (much more on the former than the latter), but capacity is limited, which makes its oil hard to get to market.  This is further compounded by the fact that, rightly or wrongly, it is extremely difficult to get new pipeline projects, or any major energy project for that matter, approved in Canada.  This essentially means that Alberta can only sell its oil into the US to be refined at American refineries.

Because Alberta can only really sell its oil into the US, and because much of it is comprised of lower-quality, bitumen-derived products, Albertan Oil sells at an enormous discount.  This means that when the global price of oil goes down, the completely margins evaporate because Albertan oil, such as 'Alberta Select,' sells at a huge discount compared to other types of oil, like 'West Texas Intermediate' and others.  As such, when oil prices dropped roughly four and half years ago, Alberta became completely fucked.  Companies laid off workers by the thousand on bothg the oilfield side and the white-collar, business side, and the bleeding hasn't stopped.  This has sucked the air out of the whole economy because its largely all built on oil.  I mean, there are other industries and stuff, but when oil goes in the shitter, Alberta goes in the shitter.

Alberta is crying out for more pipeline capacity, but it is incredibly hard to get new projects built for many reasons.  This issue is serious enough that a substantial proportion of Albertans would like to secede from Canada.  It will be at the forefront of the National election period that will be called tomorrow.

Full disclosure:  I am not an oil worker, nor have I ever been an oil worker, and the above is a gross over-simplification of a complex issue that is extremely contentious in Canada.  I'm just doing my best to give a quick overview of what I'm talking about when I refer to the economic downturn in Alberta.  


GD, nmb, c.fuzzy and 1 people liked
ReplyQuote
c.fuzzy
(@c-fuzzy)
Cold Chillin' Admin
Joined: 4 years ago
Posts: 1636
10/09/2019 4:01 pm  

Thanks Lonz. That's a pretty informative snapshot and something I wasn't aware of but I can better understand your earlier comment.


ReplyQuote
 Anonymous
Joined: 51 years ago
Posts: 0
10/09/2019 8:13 pm  

what do you think about the role of BC in the pipeline?  i live here but it's not an issue i follow all that closely or have strong opinions on.  


ReplyQuote
Lonz
 Lonz
(@alonzo)
Member Forum Superstar!
Joined: 3 years ago
Posts: 592
11/09/2019 8:35 am  
Posted by: RK

what do you think about the role of BC in the pipeline?  i live here but it's not an issue i follow all that closely or have strong opinions on.  

Personally, I'd prefer not to go down that road.  This is the best place for talking snowboarding, and i don't want to contribute to it devolving into political discussions.

My views are quite centrist, generally, though.


ReplyQuote
c.fuzzy
(@c-fuzzy)
Cold Chillin' Admin
Joined: 4 years ago
Posts: 1636
04/10/2019 9:01 am  

I don't utilize this thread enough.

Do you think pumpkin is so good that you could eat it all year round and it'll always be as awesome, or do you think that because we typically only eat it in fall and the association with the time of year is part of why it's so delicious and if eaten all year it would lose some of it's amazingness?


ReplyQuote
highme
(@highme)
Member Admin
Joined: 4 years ago
Posts: 927
04/10/2019 10:46 am  

I don't mind the flavor, but eating most squash is unpleasant because of the texture.

 

Pepitas though? Those are life.


ReplyQuote
c.fuzzy
(@c-fuzzy)
Cold Chillin' Admin
Joined: 4 years ago
Posts: 1636
04/10/2019 11:36 am  

Oh man. I eat pumpkin seeds all year. One of my favorite foods at any time. Oven baked with butter and seasalt and paprika is tops.But the Local Woodmans has Premium Orchard Pumpkin Seeds Roasted With Sea Salt and... ugh... lets just say I'm not magnesium deficient.

Squash I don't eat much at all. Though this is a favorite: Texas Beef Brisket Chili


ReplyQuote
Elektropow
(@elektropow)
Member Forum Superstar!
Joined: 3 years ago
Posts: 1043
04/10/2019 12:09 pm  
Posted by: @c-fuzzy

Oh man. I eat pumpkin seeds all year. One of my favorite foods at any time. Oven baked with butter and seasalt and paprika is tops.But the Local Woodmans has Premium Orchard Pumpkin Seeds Roasted With Sea Salt and... ugh... lets just say I'm not magnesium deficient.

Squash I don't eat much at all. Though this is a favorite: Texas Beef Brisket Chili

Holy shit, I may have to go through that recipe and convert the whole shit to metric just because... 


c.fuzzy and liked
ReplyQuote
c.fuzzy
(@c-fuzzy)
Cold Chillin' Admin
Joined: 4 years ago
Posts: 1636
04/10/2019 12:55 pm  
Posted by: @elektropow
Posted by: @c-fuzzy

Oh man. I eat pumpkin seeds all year. One of my favorite foods at any time. Oven baked with butter and seasalt and paprika is tops.But the Local Woodmans has Premium Orchard Pumpkin Seeds Roasted With Sea Salt and... ugh... lets just say I'm not magnesium deficient.

Squash I don't eat much at all. Though this is a favorite: Texas Beef Brisket Chili

Holy shit, I may have to go through that recipe and convert the whole shit to metric just because... 

I've been carrying the magazine it was first published in around for over 10 years because it's so good. Never occurred to me until recently it might be online. I asked for it to be made for my birthday this year with cornbread. IMO worth it.


ReplyQuote
Lonz
 Lonz
(@alonzo)
Member Forum Superstar!
Joined: 3 years ago
Posts: 592
04/10/2019 1:07 pm  

The missus incorporates pumpkin into various chilies and curried stews year round, and I'm into it.   It brings a richness and some nice colour.   I also really like pumpkin tempura year round.  Pumpkin-based baked goods are a seasonal thing for me, though. 


ReplyQuote
c.fuzzy
(@c-fuzzy)
Cold Chillin' Admin
Joined: 4 years ago
Posts: 1636
04/10/2019 1:30 pm  

pumpkin tempura... whoa. I'm googling this right nowwwww


coleslawed and liked
ReplyQuote
Page 86 / 104
Share: