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Rich in Quebec

Rich in Quebec
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  • Wall Street Breakfast: Must-Know News [View article]
    BlueOkie - The money that is "saved" is available to the economy as you write. But the cheap cost of money demonstrates that it is badly distributed and much is not spent. Yes, this is economics 101. I remember seeing, decades ago, a Great Recession Betty Boop cartoon basically demonstrating the velocity of money, a concept easily understood in the 1930's with the alphabet soup of New Deal policies putting money in the hands of those in need who would quickly spend.
    Apr 5 07:40 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Buckoux - I generally agree on Sally Hemmings. Had she wanted to remain in France as a free woman, rather than return to official slave status when Jefferson returned to Virginia, she could have. I don't know how well she would have been accepted in turn of the 19th century French society, but we do know that a century later, black expatriate Americans found France a welcome change from a racist U.S.. As for the Louisiana Purchase "getting rid of the French political presence in the U.S." precisely the opposite is true. The Purchase brought "nagging Gallic issues" into the U.S. rather than having those of French ancestry being on the border of the previously smaller U.S..
    Apr 5 08:28 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    BlueOkie - If you carried an M-16 in VietNam, then you realize that the M-16 was considered a light toy by the old-timers , not a real rifle like the M-14, which I think was still being used in Europe by NATO troops.
    Apr 4 12:07 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Wyostocks - I too took the bait. I'm glad that you take it so well when one of your outlandish comments is ridiculed. Nevertheless, I have to wonder if you thought that your ''bait'' might sneak past as of real value, and worse, that you originally thought your comment was of real serious value, only to realize what it really was when ridiculed by Bob.
    Apr 4 12:00 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Wyostocks - If Obamacare dissuades people from becoming doctors, then I wonder how countries with full-fledged ''socialist'' healthcare ( just about the rest of the advanced world) will possibly continue to have a sufficient supply of doctors.
    Apr 4 11:47 AM | Likes Like |Link to Comment
  • Buy Canadian Oil Producers - Keystone XL Is Irrelevant [View article]
    ernstphall - When Buffett made his investment, it was considered a bet on Powder River coal. The shale fracking revolution has changed the equation. I do think that your story has great entertainment value particularly the "How can this escape anyone'' part.
    Apr 4 11:30 AM | 1 Like Like |Link to Comment
  • Buy Canadian Oil Producers - Keystone XL Is Irrelevant [View article]
    Devil dog - Because utopia is not a rational possibility and the actual reality has proven too costly, finding proper policy that balances a quest for money with a quest for a good lifestyle continues to be an important question here. Two days after the disaster, I drove to a spot across the lake (downtown Lac Mégantic was not accessible), where I had a nighttime view of the town, beautiful from a distance, but accompanied by the stench of burnt crude wafting across the lake.

    Electrification of transportation, if nowhere else than mass transit, will come sooner here because of this tragedy of neglect and wrong priorities.
    Apr 4 11:20 AM | Likes Like |Link to Comment
  • Buy Canadian Oil Producers - Keystone XL Is Irrelevant [View article]
    Devil dog - If you look back a few years ago, you will find that tar sands was the term that was used. Then the marketers did their work. It was and still is sables bitumineux in French.

    This is not the first time that a Canadian oil has had its name changed. A few decades ago, Canadians discovered that rapeseed made a very good cooking oil. But the name, masculine and aggressive, was not a winner - thus was born the softer and feminine CANOLA.
    Apr 4 11:01 AM | 1 Like Like |Link to Comment
  • Buy Canadian Oil Producers - Keystone XL Is Irrelevant [View article]
    Energex - You are correct that the Lac Mégantic disaster was an explosion because it was light Bakken crude. The effect in Québec has been to question any form of transport of petroleum, particularly when it is only in transit and not going to be used here anyway. Thus, opposition to pipelines has increased here and the general view is to have safer railcars running on better maintained rails. After all, we do need petroleum products.
    Apr 4 10:36 AM | Likes Like |Link to Comment
  • Buy Canadian Oil Producers - Keystone XL Is Irrelevant [View article]
    Marpy - If you are thinking short term and considering money only, then you have a winning argument. But, exploiting a diminishing resource with costs based on the boom side of a boom and bust cycle makes no sense long run, particularly when that resource is likely to go up in value.

    One problem for Albertan producers is that tar sands based petroleum is a somewhat stranded resource, thus the push for at least one pipeline feeding Asia, the U.S., or Eastern Canada. For them, rail is a costly expense. Pipelines paid by others would be so much cheaper. I think that the pipeline most likely to go through is the one that would feed the rest of Canada, if the present environmentally blind Conservative government stays in power long enough to push it through. For environmental reasons, the Northern Gateway pipeline that would feed Asia is least likely to go through. And, considering the oil coming out of North Dakota, is Canadian tar sands oil really necessary for American self sufficiency?

    I did find it interesting in our post imperial/colonial world that petroleum from a foreign country should be considered a means of American, not North American, self sufficiency. I think that you would agree that Canada is not an American colony. But, as so often happens, we are an afterthought.
    Apr 4 10:25 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Coolcat - We can agree that people distrust change. We only have the Canadian system since the 1960's because the then poor province of Saskatchewan tried it out, weathered a doctors' strike, and proved its worth. Triage and waiting lists are bad. Lack of service, American style, is worse. Of course, paying personally or by private insurance is available to both Canadians and Americans, if they have the money. No countries are going back to personal responsibility healthcare, even Americans with their new cumbersome system allowing all previous health care providers a good place at the feeding trough.
    Apr 3 09:34 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Husker - Most civilized countries have kept it simple. If you're a legal resident, you're covered. Whether your condition was caused by normal wear and tear, bad genes, bad luck or bad behavior, is irrelevant. Society pays and then taxes generally on a basis of ability to pay and not on a previous use of health service. It is considered a service as obvious as free education. Unfortunately, in the U.S. , there are still those who see no need to do either. If we were back in the 18th century, as many Americans seem to be in spirit, they would have a point on health care. It was of doubtful value, possibly even claiming George Washington as a victim by bleeding him for the flu in attempting to bring his humours back into balance.
    Apr 3 05:34 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Coolcat - I guess that you've now proven, if only to yourself, that Americans would have the world's longest life spans were it not for guns supposedly needed to keep them alive, cars that Americans seemingly destroy more than others, poor people sleeping under bridges, people "needlessly" neglecting to pay for health care because of lack of funds, etc. Were it not for all sorts of reasons, Americans, somehow coming up with the big bucks would have the world's longest lifespan. Therefore, the world should emulate the U.S.

    As I've mentioned numerous times with no contrary responses thus far, any Canadian poilitician who proposed exchanging our all so imperfect system with American pre-Obamacare health care system would be committing political suicide. Even our great oil sands promoter and world class polluter, P.M. Stephen Harper will not touch our provincially run systems except to help finance them.
    Apr 3 05:20 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Killer - You live in a society and you condemn that that society should have a say in "so much as one cent of the wealth" that you have. Be glad that conscription does not exist. Your illusions about having success with the aid of no one are only monetary - for now.
    Apr 3 02:55 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Invester (sic) Newb - You do realize that the 2nd amendment exists so that government could seize control - "A regulated militia, being necessary to the security of a free state . . . .
    Apr 3 02:38 PM | 2 Likes Like |Link to Comment
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