Omnibus : Gas prices, Oil prices, Embargos

[petros]

​

Why doesn't the federal government regulate gasoline prices?​

In Canada, only provinces and territories have the authority to regulate the prices of products such as gasoline and heating oil prices. The Government of Canada has no jurisdiction over regulating prices except in national emergencies. The federal government's goal is to promote and maintain fair competition by strengthening existing legislation such as the Competition Act and to inform Canadians with the best possible information.
The federal government also encourages fuel efficiency and the increased use of alternative transportation fuels, through consumer information programs, fuel efficiency agreements with the automotive industry and research, development and demonstration of new vehicle technologies.

Should our gasoline prices be regulated?​

Most evidence suggests that regulation, while keeping prices more stable, does not lead to lower prices for consumers. Five provinces, Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick and Quebec, currently regulate gasoline prices.
Consumers in those provinces see fewer changes in prices but they are not paying less for gasoline on average than other Canadians.
Need more information? See Why Canada Doesn’t Regulate Oil and Fuel Prices.

Regulating gasoline prices

Why doesn't the federal government regulate gasoline prices?

www.nrcan.gc.ca

 

[Nick Danger]

Messing with the free market is a bit of a sacred cow to be sure, but what do you do when the corporate sector is taking undue advantage of the situation ? Especially with something like gasoline where the alternatives a limited for a lot of people.

 

[petros]

Is the Corporate sector grinding its working class owners (stockmarket is 85% own by pensions and ETFs) to stuff bigger earnings into public pensions?

 

[pgs]

Messing with the free market is a bit of a sacred cow to be sure, but what do you do when the corporate sector is taking undue advantage of the situation ? Especially with something like gasoline where the alternatives a limited for a lot of people.

Because liberal and left leaning governments need the revenue from higher prices to fuel their pie in the sky agenda .

 

[Tecumsehsbones]

Messing with the free market is a bit of a sacred cow to be sure, but what do you do when the corporate sector is taking undue advantage of the situation ? Especially with something like gasoline where the alternatives a limited for a lot of people.

That's what the courts are for. Unless you're a commuservative. Then you want the government to leave the people in FREEDUMB until it costs you a couple bucks. At that point, it's full-on socialism, government control of resources, prices, and private property.

 

[pgs]

That's what the courts are for. Unless you're a commuservative. Then you want the government to leave the people in FREEDUMB until it costs you a couple bucks. At that point, it's full-on socialism, government control of resources, prices, and private property.

Politicalized courts are an affront to democracy and will once again destroy its host .

 

[Ron in Regina]

Yep, the hatred for free-market capitalism runs deep in American and Canadian commuservatives. You can tell by the fact that all their flags are made in China.

Sort of free-market capitalism with the trade agreements between the two neighbouring countries in this case.

We, Canadians, can’t sell our oil domestically, for less than we sell it to our American cousins to the south. A “Made in Canada for our domestic needs price” would include all exports to American in that pricing where that would have to be the same or less than what it’s sold to ourselves at….unless both parties (Canada & the USA) agree to toss out that agreement….& I’m kinda doubting that would be in America’s best interests, so doubtful they’d agree to that. Just say’n.

 

[Ron in Regina]

Oh yeah, for anyone who things this is BS, and needs a link. It’s NAFTA & GATT and then Article 605.

NAFTA - Chapter 6

www.sice.oas.org

(We also can’t arbitrarily reduce our volume of export of these commodities to our neighbour without reducing our own domestic consumption proportionally, but that’s a different story)

 

[Tecumsehsbones]

Sort of free-market capitalism with the trade agreements between the two neighbouring countries in this case.

We, Canadians, can’t sell our oil domestically, for less than we sell it to our American cousins to the south. A “Made in Canada for our domestic needs price” would include all exports to American in that pricing where that would have to be the same or less than what it’s sold to ourselves at….unless both parties (Canada & the USA) agree to toss out that agreement….& I’m kinda doubting that would be in America’s best interests, so doubtful they’d agree to that. Just say’n.

Boss, you and I, and apparently nobody else on this board, have some notion of the complexity and interlocking nature of energy, particularly oil, in this troubled old world. And I give you full and enthusiastic credit for your solution.

The other gum-beaters don't understand. All they care about is the price, and whether it comes down by market forces or government action is all the same to them. They have no principles. Typical damn spoiled Westerners.

 

[Nick Danger]

That's what the courts are for. Unless you're a commuservative. Then you want the government to leave the people in FREEDUMB until it costs you a couple bucks. At that point, it's full-on socialism, government control of resources, prices, and private property.

Does it have to be "full-on socialism" ? Can't we somehow just do with a little less capitalism ? We've been watching the middle class wither away for fifty years now, while those few at the top of the food chain amass more wealth than they could ever possibily need. And lets not fool ourselves by falling into that right/left argument again, it is the rich and powerful that call the shots. It just seems to me that some "rebalancing" might be in order. How many corporations have chalked up record profits during the pandemic ?

 

[petros]

How many corporations have chalked up record profits during the pandemic ?

You are bent on some conspiracy theory that Corporations have far more control on pricing and government policy than they really do.

Shake that off and everything will start making sense.

Why aren't you rich? Is it because you were too afraid to make a sacrifice when an incredible opportunity came along?

 

[Tecumsehsbones]

Does it have to be "full-on socialism" ? Can't we somehow just do with a little less capitalism ? We've been watching the middle class wither away for fifty years now, while those few at the top of the food chain amass more wealth than they could ever possibily need. And lets not fool ourselves by falling into that right/left argument again, it is the rich and powerful that call the shots. It just seems to me that some "rebalancing" might be in order. How many corporations have chalked up record profits during the pandemic ?

I'm completely with you. I don't give a rap about the left/right false dichotomy. I just get annoyed when people start shrieking that any given measure or proposal is a devastating blow to "Freedom!" or "Justice!" or "Democracy!" or some other undefined term.

 

[petros]

I'm completely with you. I don't give a rap about the left/right false dichotomy. I just get annoyed when people start shrieking that any given measure or proposal is a devastating blow to "Freedom!" or "Justice!" or "Democracy!" or some other undefined term.

Or that Corporations control and run the planet.

Jeepers H Crackers, it's not Corporate, it's the Rothchilds.

 

[Nick Danger]

Oh yeah, for anyone who things this is BS, and needs a link. It’s NAFTA & GATT and then Article 605.
View attachment 12525

NAFTA - Chapter 6

www.sice.oas.org

(We also can’t arbitrarily reduce our volume of export of these commodities to our neighbour without reducing our own domestic consumption proportionally, but that’s a different story)

I get this, a little protectionism going on on both sides of the border, but aren't these regs more geared towards bulk trade at the import/export level, they don't appear to apply at the retail level or we would be seeing similar price increases on both sides of the border. Biden is promising to protect US consumers from price increases, would that not be an infraction under the regulations above?

 

[petros]

I get this, a little protectionism going on on both sides of thee border, but this is more geared towards bulk trade at the import/export level, and doesn't appear to apply at the retail level or we would be seeing similar price increases on both sides of the border. Biden is promising to protect US consumers from price increases, would that not be an infraction under the regulations above?

You are in PADD5 and you pay the same as everyone else in PADD5, If there are variations look to local and provincial taxes, delivery and labour costs to reflect your local pricing.

There is no conspiracy theory.

PADD 5 Gasoline and Diesel Retail Prices

www.eia.gov

 

[Nick Danger]

I'm completely with you. I don't give a rap about the left/right false dichotomy. I just get annoyed when people start shrieking that any given measure or proposal is a devastating blow to "Freedom!" or "Justice!" or "Democracy!" or some other undefined term.

I hear that. Especially when it becomes obvious that those shrieking have a limited knowledge of just what they are demanding. I live at the southern tip of a ninety mile long lake in a narrow valley that has a string of towns large and small from end to end, a length that extends well beyond the ends of the lake. The "Timbit Taliban" is still making weekly convoys the length of our area, waving flags and honking horns and generally getting in peoples' faces for what is essentially an effort to circumvent the democratic process. They are hurting their cause more than helping it.

 

[petros]

I hear that. Especially when it becomes obvious that those shrieking have a limited knowledge of just what they are demanding.

Cough

 

[Tecumsehsbones]

I hear that. Especially when it becomes obvious that those shrieking have a limited knowledge of just what they are demanding. I live at the southern tip of a ninety mile long lake in a narrow valley that has a string of towns large and small from end to end, a length that extends well beyond the ends of the lake. The "Timbit Taliban" is still making weekly convoys the length of our area, waving flags and honking horns and generally getting in peoples' faces for what is essentially an effort to circumvent the democratic process. They are hurting their cause more than helping it.

Ah. . . a "wee hame i' the glen." I envy you.

Sadly, we are suffering through what I hope will be a temporary period of the inflation of every damn thing to. . .

 

[petros]

Ah. . . a "wee hame i' the glen." I envy you.

Sadly, we are suffering through what I hope will be a temporary period of the inflation of every damn thing to. . .

I hate to ruin your day but this is permanent.

 

[petros]

For Nick

Regional gasoline price differences - U.S. Energy Information Administration (EIA)

Why there are regional differences in gasoline prices in the United States.

www.eia.gov