The Economist explains: Why Oil Prices are Falling
The Conventional Wisdom on Oil is Always Wrong.
We've Been Incorrectly Predicting Peak Oil for Over a Century.
Conrad Black's Perspective.
A J.P, Morgan Economist's Thoughts.
How Cheap Oil Changes the World.
Crude Oil Prices
How the US Could Beat OPEC in an Oil Price War.
The Impact on the Railways.
I would be foolish to predict what is going to happen to the oil market. Better informed people than me are unable to agree on trends.
From a municipal perspective what do we need to consider?
- Our growth plan is based on volumes triggering actions not forecasts.
- As consumption and use grow certain targets are hit. When a target hits that means we start planning for expansion of the lagoon or the water treatment plant. If the target is not hit then expansion doesn't occur.
- A healthy community, which is also more economically diverse, means a community that has a quality of life level that attracts residents and retains residents.
- This is important but it has to be fiscally responsible.
- The provincial transfers we receive will hold for 2015 but will may have, depends on the length and depth of the oil price fall, will effect our 2016 budget.
- Provincial transfers are based on the PST and municipalities receive approximately 20% of the PST.
No comments:
Post a Comment