We didnt even get a chance to bend over this time!

They never took it out!

It also didn’t help that the refinery in Blaine WA was on fire last week. Shouldn’t affect us at all, but they love any excuse to crank the price of car juice.

I would have expected a kiss first.
metalman.

A couple of reasons, the Liberals need more taxes from us. Big oil greed.

This should help much to bankrupt every one now. Remember 2008? After 147 per litre that turned out to be the tipping point. They will try to hit us with 150 this time but the way I see it the higher they put it up just means less for every one to spend on other things. So my take is just bring it on. Raise it more. Hollow out what ever is left of this place. Soon this might just be what we need to make this greed driven economy to finally crash and burn. Bring it on.

No big deal. The anti-Enbridge people tell us we don’t need oil. Just walk to work in your birkenstocks.

Excuse me? Where is the Enbridge oil going? To the refinery here in PG? To help Canadians be self sufficient in energy needs? I don’t think so. How can some people be so stupid. It has been stated by several studies that the enbridge pipeline is going to drive the price of gas up in BC by 15 to 20%.

It has been stated by several studies that the enbridge pipeline is going to drive the price of gas up in BC by 15 to 20%.
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And thats a given.This will increase demand and uop gopes the price. We are suckers for punishment.
Cheers

mattyc ,you are one hundred percent correct,only this time the downturn in the economy will be much worse and take a lot longer to recover. IMO

But paying high prices for oil makes us conserve, which is good for Mother Earth. Let the Chinese have the oil. We do not need it. Let the Chinese have a booming oil-based economy. We can weave baskets and grow “hemp” and live communally out in nature like the natives have for 10 trillion years. We have all the berries and salmon we need.

“No big deal. The anti-Enbridge people tell us we don’t need oil. Just walk to work in your birkenstocks”

Actually that statement is a crock of you know what and is other wise ridiculous!
If this pipeline goes through, the oil it carries isn’t for the people of this country.

Don’t forget the 5.5 cent carbon tax, based on a corrupted science. What is double funny on this is the fiberals selling all the coal , oil and natural gas they can and then charging us a carbon tax, bend over folks.

Gasoline prices reflect crude oil prices, so let’s use West Texas Intermediate (WTI) crude oil to illustrate this crucial point.

As this is written, West Texas Intermediate crude oil (WTI) is trading at $105.88/bbl. All this means is that the market value of a barrel of WTI is 105.88 times the market value of “the dollar”. It is also true that WTI is trading at €79.95/bbl, ¥8,439.69/barrel, and £67.13/bbl. In all of these cases, the market value of WTI is the same. What is different in each case is the value of the monetary unit (euros, yen, and British pounds, respectively) being used to calculate the ratio that expresses the price.

When the dollar decreases in value the price of crude oil goes up numerically in terms of the dollar.

I love how it’s labelled “uncertainty” in the market that’s driving the price up. Do we have a real shortage? No. Are there any real disruptions? No. It’s all speculated, and this “uncertainty” is just another excuse to pad the profits of the oil companies.

There’s only uncertainty, not disruptions or shortages at this point, so why is the price going up? Nothing has changed. It blows my mind that a “threat” of disruption causes the prices to go up as much as an actual disruption.

“…the fiberals selling all the coal , oil and natural gas they can…”

A fairy tale, of course! None of the many companies which extract coal, oil and natural gas and export and sell these are government owned! None of them are owned by the fiberals, of course!

We get some puny royalties, that’s all! A pittance, compared to the value of the non-renewables!

….huh? I remember being told by the oil/gas companies something in the lines of: “the oil is bought in advance and we buy ahead of time – 2-6 months in advance” Then the price of fuel should be going up later not now.

Gas last year at this time was 115.9 with the barrel at $97.00 The barrel today is $109.00. $12.00 more causes a 14 cent a liter increase?

Yep, just like a $12.00 less causes a $.01 drop in the price of gas. Hell, they even resorted to dropping gas in the half penny margins when crude was dropping on a regular basis this winter.

Posted by: ervboy on February 24 2012 10:25 AM

mattyc ,you are one hundred percent correct,only this time the downturn in the economy will be much worse and take a lot longer to recover.

Next time there might not be a recovery. It never recovered after the last time. GREED has been the order of the day since summer 2008 and this time they are gonna put the screws to us like you aint never seen before. So hope everyone enjoys it. One good thing is if they keep taking ALL of every family’s income that means no money left to buy more made in china garbage from any of these stores here any more. That means more people get fired from these Mcjobs that employ so many, selling this junk to us. Also is going to very quickly push up the rate of 150 owed for every dollar made soon should be up to 160 then 170 until everyone is bankrupt. So how can there be another recovery from this? My grade 8 math tells me that it will not recover now or after the next crash which is coming very very soon IMHO.

They should put TV screens on the gas pumps tune into a porn channel. That way we could be watching someone getting f….. at the same time we are.

Princegeorge the fiberals promote the sale big time. Promoting the expansion of the coal ports and pushing the building of LNG plants, and then charge us carbon tax for a corrupted science.

Gas in Phoenix right now rising very quickly also. Already at $3.69 a US gallon or 0.976 cents a liter. Not bad for a country who imports oil of which Canada is the largest supplier.

After reading the story this am about eye glasses and the massively huge markups on lenses and frames it is no wonder there is cross border shopping and online shopping. The Canadian consumer gets screwed by the gov’t and the retailers.

Sell coal, the dirties fuel on planet earth and then charge carbon tax to the consumers in BC. Hypocrites.

Seamutt, promoting it and selling it are two different things! The argument was made that they are selling it. That of course, is not the case! By the way, the only thing which keeps Canada’s economy from tanking is the selling of our natural resources! Therefore, don’t think for one minute that any other B.C. government would NOT be promoting the sale of our gas, coal and oil! Even the Green Party would have to face the cruel facts of reality! And, the same goes for the NDP.

“Sell coal, the dirties fuel on planet earth and then charge carbon tax to the consumers in BC. Hypocrites.”

Heard this morning on the radio that the B.C. Government is reviewing the carbon tax as B.C. is the only province in Canada which has a carbon tax. The carbon tax puts B.C. at a disadvantage so bet on it that this latest increase was the last one. The tax will almost surely be scrapped.

When the output of coal power plants is scrubbed, no issue. Best power supply is updated nuclear. China and India building them as fast as possible.

Europe closing thiers just as fast.

In Germany their power system and that of their neighbors is strained to the limit because of that. http://www.eike-klima-energie.eu/news-cache/germanys-green-energy-supply-transformation-has-already-failed/