Author Topic: Even oil companies executives admit we're getting screwed (Read 16987 times)

moxie · « **Reply #40 on:** June 04, 2008, 05:27:34 PM »

I was down in the US for the week and it cost me $60 to fill the tank of my VW Golf before leaving Ottawa... I filled up down there and it only cost me $45. It is also a little known fact but US gas gets better mileage in low compression vehicles than Canadian gas does. It is not a significant difference but it is definitely noticeable, especially on a motorcycle.

thirstymoose_2000 · « **Reply #41 on:** June 04, 2008, 11:45:02 PM »

Quote from: PuckFancy on May 25, 2008, 10:49:25 PM

http://video.google.com/videoplay?docid=-8668319287834598272&q=&hl=en

"Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis. After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis. For info on what we can do to put a stop to what the global elites are doing, please check out the Kick Them All Out Project http://www.KickThemAllOut.com"

This is something all of you interested in the big oil debate should take some time out to watch and listen. The man may sound like a conspiracy theorist but what he has to say is incredibly interesting and probably truthful.

Scary stuff on the video. I had heard about the rumoured oil for debt deal before. Like metal said, if even half of this is true ...

Metalhawk · « **Reply #42 on:** June 05, 2008, 12:49:19 AM »

It's about time we see a decent drop in prices, although the price at the pumps is still too high for the current oil prices. A drop of 3 cents this time. Not bad, but it needs to drop another 3 or 4 cents to be at a reasonable price for the current price of oil.

PuckFancy · « **Reply #43 on:** June 05, 2008, 03:34:32 AM »

Quote from: Metalhawk on June 05, 2008, 12:49:19 AM

It's about time we see a decent drop in prices, although the price at the pumps is still too high for the current oil prices. A drop of 3 cents this time. Not bad, but it needs to drop another 3 or 4 cents to be at a reasonable price for the current price of oil.

Well, that's only in this region. I just got back from Montreal this evening and the gas was at $1.45! It went up 12 cents from how much it was when I got there on friday.

Try figuring that one out.

Metalhawk · « **Reply #44 on:** June 05, 2008, 04:43:46 AM »

Quote from: PuckFancy on June 05, 2008, 03:34:32 AM

Try figuring that one out.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Broken Bones · « **Reply #45 on:** June 05, 2008, 07:27:58 AM »

PF, it is that extra cost to get it across the Ontario/Quebec borders.

PuckFancy · « **Reply #46 on:** June 05, 2008, 08:58:38 PM »

I didn't see it for myself, but some Montreal stations were selling gas at $1.49/llitre yesterday! It made the front page of "Le Journal de Montréal".

Yikes.

Metalhawk · « **Reply #47 on:** June 06, 2008, 01:14:31 AM »

I saw that front page. I couldn't believe it...

PuckFancy · « **Reply #48 on:** June 10, 2008, 01:55:12 AM »

Current gas prices:

Gatineau: $1.42/liter

Ottawa: $1.27-1.34/liter

Montreal: $1.51/liter (Has apparently dropped slightly under that now)

Looks like Petro-Canada was leading the way yesterday, being the first stations to jump 15 cents to $1.42 in the Gatineau region, with other stations following shortly after. Wouldn't be a bad idea for people to finally put the much talked about Petro-Canada boycott into motion soon. Seems like they always lead the way when gas prices soar.

BlindDruid · « **Reply #49 on:** June 10, 2008, 07:38:18 AM »

Even the Saudis are making statements that the high gas prices are not justified and they are calling a summit to discuss it. At some point the bubble will burst and prices will tumble.

classmate · « **Reply #50 on:** June 10, 2008, 04:05:54 PM »

I sure as heck hope so. The price of gas is affecting everything right down to the groceries you buy. Unbelievable!

rose · « **Reply #51 on:** June 11, 2008, 01:27:09 AM »

Quote from: classmate on June 10, 2008, 04:05:54 PM

I sure as heck hope so. The price of gas is affecting everything right down to the groceries you buy. Unbelievable!

So I can assume that you returned from your trip intact!! Hope you had a good time!!!!

Back to topic: I was on my way home from a meeting, and I paid the lowest I have for a little while now.....$1.27.9/litre. Not great, I know, but much better than the $1.39.9 I paid on the way home from Southern Ontario on the weekend!!

classmate · « **Reply #52 on:** June 11, 2008, 12:58:55 PM »

We had a very nice time Rose. Thanks for asking. But like most vacations, it ended all too soon. I would recommend a cruise to anyone interested. My 21 year old daughter had one of the best times ever, according to her.

Back on topic: I don't see any end in site to the high gas prices, anytime soon.

Metalhawk · « **Reply #53 on:** June 11, 2008, 01:21:48 PM »

Like the tech bubble, those inflated prices can last for years. However, I still predict a rough ride for a lot of investors once that bubble finally bursts. You'll have a lot of people losing their entire family fortune.

classmate · « **Reply #54 on:** June 11, 2008, 01:23:21 PM »

Quote from: Metalhawk on June 11, 2008, 01:21:48 PM

Like the tech bubble, those inflated prices can last for years. However, I still predict a rough ride for a lot of investors once that bubble finally bursts. You'll have a lot of people losing their entire family fortune.

Good thing I don't have a family fortune.

In all seriousness, our retirement investments are looking a little bleak.

Metalhawk · « **Reply #55 on:** June 11, 2008, 01:26:19 PM »

Those investments will still look good compared to some people who put it all in commodities.

Broken Bones · « **Reply #56 on:** June 11, 2008, 01:38:40 PM »

CFRA is currently talking to a gas station owner on the East Coast who has a gas station in a rural area. His supplier will no longer deliver gas to his station as they will essentially be loosing money on the delivery of the gas.

Metalhawk · « **Reply #57 on:** June 11, 2008, 02:00:30 PM »

What's gonna start happening, especially in rural areas, is that you'll have only a handful of stations still operating, and they will jack up the prices much higher. Right now, you have stations saying that even with the higher prices they don't make more money, but stations that have literally a monopoly for 20, 30 miles around will start raising the prices so that their net profit isn't 5-6 cents per litre anymore but 10, 15, 20 cents per litres and local residents won't have a bloody choice.

Broken Bones · « **Reply #58 on:** June 11, 2008, 02:15:30 PM »

Problem with the situation CFRA was discussing is that the gas station owner is located in Nova Scotia, the provincial government placed a cap on the price of gas prices within that province, and as a result the supplier is simply refusing to supply that owner with gas for his station. He is in a rural area, so I would imagine that his station may be in an area that serves several people that simply do not have any alternative for gas.

Either what you say will happen will come true, or simply put those in rural areas will not have access to gas without having to spend use a half tank worth just to simply fill up. I mean, could you imagine running out of gas on your way to fill up because there is no other gas station that can serve you?

Metalhawk · « **Reply #59 on:** June 11, 2008, 02:20:05 PM »

But I don't understand why the supplier refuses to deliver. I thought the supplier is paid a pre-determined amount by the station owner, whose responsibility it is to then sell the gas. And with the cap, he wouldn't be able to sell high enough to make-up the price he had to pay for the delivery.