Ask yourself if you will, why isn't Canada self sufficient in oil production and refining? Why is gas so expensive in Canada? Did you know the US imports more crude oil from Canada than from any other oil producing countries including the Saudi Arabia? If Canada has that much oil to ship most of it to the US then what is really going on? The answer is the oil companies sell to the highest bidder regardless of nationality.
When the oil companies wanted to build the Alaskan Pipeline in the 60s the arguments were the same as today with Anwar. We need the oil to be self sufficient vs the environment of the North Slope . However as soon as the pipeline was eventually finished in Alaska, the oil companies couldn't wait to sell it to the Japanese!
Peace,
Bill
10 comments:
Hi Did anyone see the news from Mtl. about the lady who pumped in $5.05 instead of $5.00 and being a nickel short and wanting to put on her card..she ended up getting the cops called on her...they told her to leave and reemed the Shell clerk instead.. Shell gave her $250.00 gas card for the humiliation.Seems she is a regular at this station. lad
Tempers are getting to a dangerous levels at the gas pump with people feeling the pinch in the pocket book.
Bill
hard pressed workers must sacrifice their living standards but the people haven't really accepted the bad news yet.
Btw: Nice pics Metalman , We appreciate the time & effort to take those shots & share them here............. HF&RV
I see on the news they are rioting in Europe and the Philippines. Wait till the long haul truckers begin jamming up traffic in Ottawa too.
Bill (Second Avenue)
oil today is 144.41 a barrel, silver 19.02 a ounce, gold 973.62 a ounce posted that oil would go over 100 dollars, metals will skyrocket, those that took the risk are happy, then there's the crowd that just read the local paper watch the news. everyone in the usa knows that they are in a coming depression except the there, goverment. the usa dollar is tanking, its hurting the entire world, investors, central banks are feared, those that have investments for retirement know how there returns are last year?? truckers, service buiness, contractors, just put the extra cost on to ther customers its the persom going to get groceries thats paying for the cost of transport my bro yesterday telling me that the price of pom bread is over 3dollars a loaf, even cat food was 52 cents a can, now its 72 cents, cornation milk in a can is over 2 dollars?? the killer is inflation peroid, yes inflation thats what the problem is, thanks for the easy credit, next is credit cards the gas that people are buying with credit cards to get to work and back. canada is blessed with the oil sands, 2/3 of oil in the usa is from the oil sands of alberta, most oil companies have given billions and billions of investments to create jobs jobs, lots of verduners live in alberta thanks to the oil companies other wise they be unemployed on welfare in a verdun flat. the canadian goverment gets the taxed money from payrollls, business etc they give tax breaks to oil compaines so they in return hire more employees the employees get taxed etc. the cost of labour in alberta is no joke, just a truck driver in the oil sands makes over 120k a year, trades make more. myself i was offered a job with ledcor construction as a super offering me 450k a year plus, i've been there in the late 70's its dam a hard life to work in i refused. thats were the costs are expensive, plus our gst put in the gas pumps. most important we have health care in canada, a blessing that we must protect that along is worth paying extra for gas to have in your back pocket the problem with the average joe six pack is just doesn't know whats really going on. take some of your savings and invest yourself, the knowledge you will learn you will have a better understanding whats really going on. oil will hit the 200 dollar mark, gold 2600, silver 125, steel, copper notice nickels are rare?? the smart ones are saving and keeping the 5 cent nickels, thats next nickel wil skyrocket. this post is only for the very very few interested on the world markets and the future to watch out for. soon after october this year housing you will need in canada a 5 percent down payment on your home buying.
here's a site on oil, http://www.theoildrum.com/
Informative site. Canada is oil ready today. If the economy gets bad enough Canada could nationalize all the oil production in Canada and be the only western country totally self sufficient in oil. First the government would have to take over from the oil companies and then sell the oil products without the profit incentives. In the oil rich nations in the mid east gasoline is about 10 cents a gallon for their own population.
Bill
people forgot about petro canada?? when oil hit 10 dollars a barrel in the late 90's everyone bailed out on petro canada shares today the major share holders are asians. all lands around fort macmurry are owned by the asians, the smart fellow bought land at 1000 a acre then when to asia and sold at 50k a acre. asians plan ahead. the goverment gets lots of money from the oil business they don't want to fear the investors, every employee gets taxed on they pay day, taxes at the oil pump. goverment is gimme gimme, brazil is the smartest they learned from the 70's in rich oil nations for sure the gas is cheap, the employees get paid a bag of rice and some cigarate money. it cost the investor over 40 dollars a barrel in the oil sands, if oil drops at 60 dollars for example, alberta will collapse just like they did in the 80's. a example just one tire to replace on those trucks costs over 90k, that if they can get a tire, lots of trucks are just sitting that need tires. the western world needs the tires big time, 2 years ago that tire cost 40k shortage of them giant tires, the labour and shortage of skilled labour the unions are just killing the investors. oil rich nations just turn the tap on, alberta oil sands is very expensive again 40 dollars a barrel just to get the oil in the drum.
here's another good site, to learn and understand, did you know iran has there own oil exchange also no american petro dollar for there oil. http://www.oil-price.net/index.php
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