Canada's economy is a disaster from low oil prices

[Nutes and Nugs]

Not a lie, a real phenomenon; summer gas needs to have lower vapor pressure, this makes it more expensive.

Sometimes it seems like they are just giving excuses.

"The price of gas went up because the cost of a barrel came down" or some non-sense.

 

[ttystikk]

Sometimes it seems like they are just giving excuses.

"The price of gas went up because the cost of a barrel came down" or some non-sense.

Most of the explanations about market moves ARE bullshit. They're just guessing.

 

[torontoke]

When the cost per barrel goes up the price is increased immediately, yet when the cost goes down they wait a few days to a week for it to average out before readjusting it.
Its scummy and unfortunately only one of the reasons our economy has turned to shit.
The government has been feeding people "just the tip" for so long that no one realizes just how deep they are now getting it.

 

[c ray]

I'm still recovering from the introduction of mid-grade

 

[Red1966]

Our government is to blame fully. Relying on dirty oil, fear mongering about terrorists, and participating in un sanctioned wars. Next thing you know Canadians will be fighting in Ukraine. Harper needs to go, don't you agree Red?

Itsme.

I thought this was about the oil prices dropping, but you seem to have some other agenda.

 

[Red1966]

Our government is to blame fully. Relying on dirty oil, fear mongering about terrorists, and participating in un sanctioned wars. Next thing you know Canadians will be fighting in Ukraine. Harper needs to go, don't you agree Red?

Itsme.

I thought this was about the oil prices dropping, but you seem to have some other agenda.

 

[Red1966]

The question I have to ask myself is "Is that really the cost?" The oil companies probably said that. But that's beside the point. I think the whole idea is to keep inventory high and the price low to put as big of a squeeze on Putin as possible. Oil production is a massive portion of their GDP.

If there was any way to bet on higher crude prices at some far off time in the future other than filling my pool with it you better believe I'd be making that bet. They will rise when it benefits the right people or market conditions change. Until that day $50-60 crude is here to stay.

You can buy futures in oil if you want to bet on higher crude prices at some far off time. It's the Saudis that are putting the squeese on, both Russia and North America. They don't like Putin and they hope to bankrupt the companies that have found the technology to make us independant of their oil.

 

[Red1966]

Try $4.80 for that same gallon here in Canada. Funny how oil prices have dropped From $100 a barrel to $50 and I still pay the same at the pump.

Itsme.

How much of that $4.80 is tax?

 

[VIANARCHRIS]

Not a lie, a real phenomenon; summer gas needs to have lower vapor pressure, this makes it more expensive.

Not true. While refineries adjust their additives for the climate, it cost no more to produce gasoline for summer use than it does for winter.

 

[cannadan]

if you only had 5 gallons of gas to use each year you know for each man woman and child......I bet our priorities would change quite quickly on
when and how we use our fuel allotment.

 

[ttystikk]

if you only had 5 gallons of gas to use each year you know for each man woman and child......I bet our priorities would change quite quickly on
when and how we use our fuel allotment.

I think we should tax fossil fuels based on their carbon content and the excess used in its production, thus taxing coal more heavily than gas, natural gas and propane much less- and production sites like the Alberta Tar Sands which use 15-25 bbl per barrel of finished saleable product would be totally unsustainable.

 

[gb123]

I think we should tax fossil fuels based on their carbon content and the excess used in its production, thus taxing coal more heavily than gas, natural gas and propane much less- and production sites like the Alberta Tar Sands which use 15-25 bbl per barrel of finished saleable product would be totally unsustainable.

better yet... just don't use the trash...

 

[itsmehigh]

I thought this was about the oil prices dropping, but you seem to have some other agenda.

My only agenda is to over throw our corrupt government. Harper didn't have the foresight to divesify and put all Canadians eggs in one basket against our wishes. He is supposed to be working for us, we're the boss not him.

You Canadian Red?

Itsme.

 

[ttystikk]

better yet... just don't use the trash...

I'm working on it. Meanwhile, less is still better. Who here is carbon free- or even neutral- and still grows with artificial lighting?

I believe the bridge from here to there can be built with natural gas and fuel cell technology. Solar panels and wind can certainly help but you can't build a fully stable, around the clock grid with them.

 

[gb123]

I believe oil will be/is obsolete in regards to energy but.... hey.... what do I know.

 

[doingdishes]

I believe oil will be/is obsolete in regards to energy but.... hey.... what do I know.

let's hope!

 

[Red1966]

My only agenda is to over throw our corrupt government. Harper didn't have the foresight to divesify and put all Canadians eggs in one basket against our wishes. He is supposed to be working for us, we're the boss not him.

You Canadian Red?

Itsme.

As I thought. So you shut down all your other businesses and everybody worked for the oil companies, and now they're out of work? Yes that was dastardly of him.No, I'm Matel Red. AKA Matty Matel.

 

[gb123]

there's not much in the way of "regular employment" all across this lovely country.
Not matter what the blue balls says!!!

 

[cannadan]

Its no longer just the price at the pump anymore.....
its the price that... each and every barrel.... we and others produce,
will subjugate us.... environmentally the monetary aspect will expand exponentially,
until....we break under the stress and are not even globally able to throw enough money at things,,,to make
a difference.
and if you still believe the TV commercials.....about fuel efficient enough vehicles to save the world....
then there is not much help left for you....
I sometimes find myself in a panic....over what kind of future there is for my kids....but I also
hold out hope ...because I also know, its my kid,,, who is one of those people left with responsibility to try and fix things....
and she is the smartest person I know

 

[itsmehigh]

Its no longer just the price at the pump anymore.....
its the price that... each and every barrel.... we and others produce,
will subjugate us.... environmentally the monetary aspect will expand exponentially,
until....we break under the stress and are not even globally able to throw enough money at things,,,to make
a difference.
and if you still believe the TV commercials.....about fuel efficient enough vehicles to save the world....
then there is not much help left for you....
I sometimes find myself in a panic....over what kind of future there is for my kids....but I also
hold out hope ...because I also know, its my kid,,, who is one of those people left with responsibility to try and fix things....
and she is the smartest person I know

Ya it's too late for our generation, we need to teach our kids. They will be the ones who can really make a difference. It's up to their parents to educate them. We need to break our reliance on fossil non renewable fuels.

Itsme.