Omnibus : Gas prices, Oil prices, Embargos

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
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Vancouver Island
Ain't it though ? One might almost think we're living in an economy run by a select few to benefit only a select few. Brings out the lefty in me.
Has me seriously thinking about the need for removing fuels from the commodities market. A Made in Canada price for domestic needs, based on cost of production and distribution, with our needs being met before any product can be exported at whatever price the market will bare.
 

Nick Danger

Council Member
Jul 21, 2013
1,801
465
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Penticton, BC
Check your math and numbers bub.

11% of $1.80 is 19.8 cents 1.80+0.198 =$1.99
Your math is correct, your logic is off. From $1.50 to $1.85 is an increase of 35 cents, which is 23 percent of $1.5. From $1.50 to $2.00 is an increase of one third, or 33%. You're using $1.80 as the starting point, when it's actually $1.50.
 

pgs

Hall of Fame Member
Nov 29, 2008
27,712
7,539
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B.C.
Yeah, that's about it....because they can. Of course, government is in on it, be it lib, conservative or NDP....they don't give a shit about the consumer.
Every rise in gas prices has a coresponding rise in GST and PST . Politicians will cry crocodile tears and do nothing , they want and need high prices . Same thing with the housing market , outrageous prices make governments money .
 

petros

The Central Scrutinizer
Nov 21, 2008
113,333
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Low Earth Orbit
Your math is correct, your logic is off. From $1.50 to $1.85 is an increase of 35 cents, which is 23 percent of $1.5. From $1.50 to $2.00 is an increase of one third, or 33%. You're using $1.80 as the starting point, when it's actually $1.50.
When I left Vancouver 2 weeks ago it was a $1.80 and there wasn't a war. Now it's $2.

That too logical for ya.
 

Nick Danger

Council Member
Jul 21, 2013
1,801
465
83
Penticton, BC
When I left Vancouver 2 weeks ago it was a $1.80 and there wasn't a war. Now it's $2.
Still a significant increase, and other parts of the province have certainly not fared as well. My question remains, what is the justification for domestic price increases when domestic supply and demand are unchanged ?
 

gerryh

Time Out
Nov 21, 2004
25,756
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Has me seriously thinking about the need for removing fuels from the commodities market. A Made in Canada price for domestic needs, based on cost of production and distribution, with our needs being met before any product can be exported at whatever price the market will bare.
So, nationalizing the oil and gas industry? I knew you weren't a real conservative.
 
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petros

The Central Scrutinizer
Nov 21, 2008
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Still a significant increase, and other parts of the province have certainly not fared as well. My question remains, what is the justification for domestic price increases when domestic supply and demand are unchanged ?
Are you sure demand hasnt changed? There is no "domestic" BTW.
 

taxslave

Hall of Fame Member
Nov 25, 2008
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Vancouver Island
So, nationalizing the oil and gas industry? I knew you weren't a real conservative.
Common sense is way over your head. It is not nationalizing, it is looking out for Canada first.
For those of you that are too simple minded to figure it out for yourselves, it isn't the producers that are raking in the money, it is the parasites that own nothing but a cell phone and a laptop playing with the markets. What happens overseas or even in the US has no bearing on the cost of production in Canada. All this just plays into turdOWE's hand when he pushes electric vehicles with huge taxpayer financed incentives.
 
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petros

The Central Scrutinizer
Nov 21, 2008
113,333
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Why would it? Pretty much business as usual in Canada.
The gasoline commodity markets we're in are massive. 3 or 4 cover North America and even the fringes of Europe and Asia.

Get a map of the markets and an agriculture maps

It's spring, demand for diesel has skyrocketed thanks to farming season kicking off.

In South America and Australia it's harvest.

Shit is on the move.
 
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gerryh

Time Out
Nov 21, 2004
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Common sense is way over your head. It is not nationalizing, it is looking out for Canada first.
For those of you that are too simple minded to figure it out for yourselves, it isn't the producers that are raking in the money, it is the parasites that own nothing but a cell phone and a laptop playing with the markets. What happens overseas or even in the US has no bearing on the cost of production in Canada. All this just plays into turdOWE's hand when he pushes electric vehicles with huge taxpayer financed incentives.
You are suggesting the government tell the different companies along the supply chain what to charge. By any other name that is nationalization, simpleton.
 
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