120,000 People Emergency Evacuation Massive Fire Engulfs Whole City (VIDEO)

[venusfly 17,885]

3 hours ago, TiphEret said:

Do we know how the fire started?

I don't believe so, but it was made much worse by the dry weather.

[Economy 52,842]

3 hours ago, Teal Ambition said:

From Sunday to Wednesday, wow 

 

Now they're saying only the weather will be able to slow down the fire. Hopefully it will rain sometime soon 

Any rain in the forecast?

[SychosSoChic 9,995]

If that fire reaches the oil

Economy, if the worst does happen, how badly will this influence the cost of oil WW?

[Economy 52,842]

1 hour ago, SychosSoChic said:

If that fire reaches the oil

Economy, if the worst does happen, how badly will this influence the cost of oil WW?

Well, the oil is on the oil sands which are several feet under the forests so the oil reserves of Canada in themselves dont get affected by forest fires

 

What can happen is fire destroying infrastructure used to move, extract or store oil. If that happens production from Canada would drop and prices would rise.

 

Canada is a bigger oil producer than some OPEC Nations

[Teal Ambition 47,805]

3 hours ago, Economy said:

Any rain in the forecast?

None at all, but at least temperatures seem to be going down towards the weekend. 

[Economy 52,842]

34 minutes ago, Teal Ambition said:

None at all, but at least temperatures seem to be going down towards the weekend. 

They said cold fronts could cause lightning and in turn possibly start new fires  

 

theres signs all over the grocery stores asking for us to Donate for Fort McMurray

[Teal Ambition 47,805]

An update:

The wildfire ripping through the Fort McMurray, Alta., area continued to set back Alberta's crude industry Friday as concerns arose that the disaster may have taken out as much as half of Canada's oilsands output.

It is difficult to say with certainty how much oilsands bitumen is offline because production levels have fluctuated throughout the week and companies have not disclosed precise figures.

But Nick Lupick, an oilsands analyst for AltaCorp Capital, said he figures based on his latest estimates that between 1.1 million and 1.25 million barrels of oil per day have been knocked out of the oilsands industry's full capacity.

http://www.ctvnews.ca/business/fears-arise-that-half-of-oilsands-output-could-be-eliminated-by-wildfire-1.2891519

This is not good for our economy  

[Economy 52,842]

3 minutes ago, Teal Ambition said:

An update:

The wildfire ripping through the Fort McMurray, Alta., area continued to set back Alberta's crude industry Friday as concerns arose that the disaster may have taken out as much as half of Canada's oilsands output.

It is difficult to say with certainty how much oilsands bitumen is offline because production levels have fluctuated throughout the week and companies have not disclosed precise figures.

But Nick Lupick, an oilsands analyst for AltaCorp Capital, said he figures based on his latest estimates that between 1.1 million and 1.25 million barrels of oil per day have been knocked out of the oilsands industry's full capacity.

http://www.ctvnews.ca/business/fears-arise-that-half-of-oilsands-output-could-be-eliminated-by-wildfire-1.2891519

This is not good for our economy  

Lol, since the beggining i been worried about the economy cuz of this

 

Our biggest export cut in half is gonna make for some pretty terrible trade numbers for May  

[Teal Ambition 47,805]

Just now, Economy said:

Lol, since the beggining i been worried about the economy cuz of this

 

Our biggest export cut in half is gonna make for some pretty terrible trade numbers for May  

Yup, and gas prices will most likely spike up too.

[Economy 52,842]

11 minutes ago, Teal Ambition said:

Yup, and gas prices will most likely spike up too.

At least in Alberta and Northern US

 

Here in Ontario our oil and refined fuels are imported from US and Middle East... Cuz... Still no pipeline to transport