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#1 2014-04-24 14:13:12

spankie
Member
Registered: 2008-01-01
Posts: 1350

The screw fest begins again.

So as usual here it is summer again and the annual screw fest of gasoline prices has begun. This time it's the sagging dollar and because we have to buy more from foreign sources. Well maybe we wouldn't have to buy so much if Mulroney hadn't sold our oil fields down the river to the Americans at a much reduced price.

Remember when gas was in the eighties just before Katrina but then even after it never went down.

So they are also talking about removing the debt retirement cost from our hydro bills while also removing the credit given to the poor to help offset the cost of hydro. So as usual the poor are paying the cost. Meanwhile any excess hydro is again sold to the Americans at a greatly reduced price but when we have to buy it back it is at a premium.

Who negotiated these deals?? The CAW or sorry it's now UNIFOR.

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#2 2014-04-26 11:43:57

Steel
Member
Registered: 2008-02-16
Posts: 2521

Re: The screw fest begins again.

Good lord you can stretch things.....Mulroney sold our oil fields to the Americans....unbeleiveable

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#3 2014-04-26 11:51:00

spankie
Member
Registered: 2008-01-01
Posts: 1350

Re: The screw fest begins again.

Steel wrote:

Good lord you can stretch things.....Mulroney sold our oil fields to the Americans....unbeleiveable

He might as well have. We are forced to sell them at least 50% of our oil supply at a greatly reduced price while at the same time having to buy it back from other countries at market value.

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#4 2014-04-26 22:27:38

Steel
Member
Registered: 2008-02-16
Posts: 2521

Re: The screw fest begins again.

No we aren't. We sell almost all our oil to the Americans because we have no infrastructure to sell it elsewhere. The reason the price of a barrel of Canadian Crude was discounted in the last year or so was due to the glut of oil sitting in Cushing....that began to clear as the southern leg of the Keystone was completed....prices have risen.

Once the Trans-Mountain twining and eventually Northern G-way are completed the situation will change further as there will be an outlet for  a major chunk of that resource. Completion of energy east pipes and reversal of line 9 will also help as the Europeans are now realizing their issues with solely relying on Russia.

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#5 2014-04-27 11:16:12

spankie
Member
Registered: 2008-01-01
Posts: 1350

Re: The screw fest begins again.

None of which helps the fact the as an oil rich country we have to pay so much for gas. Other oil countries subsidize their gas. And again why have prices not every returned to pre kathrina levels??

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#6 2014-04-27 20:24:38

rankinfile
Moderator
Registered: 2007-12-28
Posts: 843

Re: The screw fest begins again.

Why...because there is no real competition...and you are use to paying high costs....so the suppliers/producers will keep charging the high price and reaping in the profits.   Or are you in favour of your government controlling "private enterprises", setting prices, managing profit margins, etc.

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#7 2014-04-29 09:16:18

Steel
Member
Registered: 2008-02-16
Posts: 2521

Re: The screw fest begins again.

So we have shifted from Mulroney selling our oil fields to the price of gas. Gas is price fixed....legally...The oil companies that operate refineries in Ontario (only 2 effectively...the 3rd is really a boutique player) threatened to shut them down permanently when the liberals (back under Peterson I believe) was going to try to regulate some aspect of their business.

The trade off was the jobs could stay in Ontario if the refiners could block market the products. This is why tomorrows gas price today can accurately tell us the price will go up or down at midnight.

When Shell proposed a massive refinery project in the Sarnia area all the Nimby's came out of the wood work and effectively killed it and of course the government of the day helped that along as it was good optics at the time. Good government no...

Rank is very correct....there is a huge lack of refining competition in Canada and especially in Ontario

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#8 2014-04-29 17:24:22

spankie
Member
Registered: 2008-01-01
Posts: 1350

Re: The screw fest begins again.

rankinfile wrote:

Why...because there is no real competition...and you are use to paying high costs....so the suppliers/producers will keep charging the high price and reaping in the profits.   Or are you in favour of your government controlling "private enterprises", setting prices, managing profit margins, etc.

Yes I am in favor of the federal government putting a cap on gasoline prices but it will never happen as they get more tax dollars the higher the price gets. And since their is no real consumer protection agency anymore we have no recourse. Petro Canada was suppose to be the reasonably priced station but ever since the government sold it they are the leader of the price gouging. If you want to know what gas prices are going to be just watch a Petro Canada station for the next price hike.

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