Gas is supposed to drop 20 cents/litre by Monday night (tonight).
I'm a capitalist, but the situation with the oil companies in this country has nothing to do with capitalism. I think the first candidate who promises to regulate the oil companies will gain 20% in the polls.
There's a chance that a hurricane might graze an oil platform in the Gulf of Mexico and prices take off days in advance. Then, the storm does relatively little damage... but the price doesn't drop for days.
Gas cost $1.50 / litre when oil was going for $150/barrel. But now, oil is going for just over $90 a barrel... and we're still paying $1.40 / litre.
How much proof of gouging do the politicians need when every company marches in lockstep with their price moves, which are supposedly set by a competitive market?
This should be a huge issue in the election.
Posts
10 comments:
They're ALL the same....Promise you everything you want to hear till they get elected then make some lame excuse as to why they have to break their promise. Let's face it, NO government will step in to regulate the oil companies as long as they're making billions on the taxes they levy at the pump! Time to start using veggie oil! They're all crooks!
there truly laughing at us all the big oil tycoons there probably sayimg oh don't worry about the consumer they will stil buy even if we raise it to 2.00 a litre-boy what a absulute joke this is where the hell is the government as if they really care pockiting all that extra tax revenue.-something has to be done here its getting out of hand already.
Gasoline needs to be set to a fixed price, clearly the current "open market" situation we have now only helps to insulate the oil companies and refineries. There is a reason why they make profits measured in the billions of dollars.
Cap the price of gasoline to $1.00. Government takes $0.30 of that. No fluctuations absorbed by the consumer and oil companies can make as much or as little as they want, depending on how efficiently they operate their business.
Not that I'm against this argument, but most people think nothing of driving 15kms (1 litre's worth) to buy a $4 cup of Starbucks, yet bitch about the cost of gas.
Personally, I don't drink the stuff, so I'll just complain about the unreasonably high price of gas.
Just got back this Monday. This is crazy.
I'd even vote Green Party, if they promised to do something about this issue.
But then again the "Feds" won't lift a finger, because of the taxes they get for every increase in price/litre.
--Bastards, all of them--
Wish I worked in the post office, so that I'd have a good excuse to go "Postal".
15 kms to find a Starbucks? What part of the Yukon do you live in where they're so spread out?
Toronto has three Starbucks on every corner.
Do you think my car would run on Morning Blend?
I usually vote Conservative but there is no way Steven Harper is going to do anything about gas prices. Not if he gets a majority. When the Liberals are in power, they do nothing about it. They can promise all they want during the campaign. They are liars. Remember the promise to axe the GST? The Greens think high gas prices are good because consumption decreases. The NDP says it will create a body to set gas prices. It probably would. I have already lived through one incompetent NDP government in Ontario. Not a good thing. Plus, Jack Layton is an ass. How come such a great country has such lousy politcians? They only way we can end the gas pricing farce is if there is another minority government and the NDP has enough seats to pressure it into doing something. That looks unlikely, so get ready for $1.50 per litre.
we use to own 100% of petro canada
(pierre elliot trudeau rips off canada)so that we could control our gas prices ,but under the liberals it made too much money,
liberals dont like to make money just spend it and create debt,so they sold it. so blame the liberals
You need a history lesson. The bill to create Petro Canada was introduced by David Lewis and the NDP in 1973. Trudeau and his Liberal minority government made it law. Stanfied and the Tories opposed it. Petro Can was part of the Liberal plan to create a made-in-Canada gas price. It never happened. Clark and the Tories tried to sell it off in 1979 but they got tossed out. When Mulroney and the Conservatives got in in 1984 they gave up on the made-in-Canada price and tied Canadian prices to the world price. The Canada US free trade agreement cemented that. The Tories started selling off Petro Can in 1990. The process was completed under the Martin Liberals in 2004. The national deficit and debt rose as much under Mulroney as it did under Trudeau. It got knocked down when Martin was finance minister. When they are in opposition both parties say the way gas prices are set is a scandal and a rip-off. When they are in power both parties say it is OK and they do nothing about it.
so i wonder where that 3.2 billion dollars they made from selling the stock whose liberal pockets it went in to
It went to the federal government, to the receiver general. Part of the reason for selling it was to pay down the deficit. And it was sold off by both the Liberals and the Conservatives.
Post a Comment