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Time For A Real Investigation Into The Price Of Gas

By Ben Meisner

Monday, September 15, 2008 03:47 AM

You may notice that our Columnist Peter Ewart has written about the price of gas as well, I haven’t read his column on purpose so that I might make some comments about what most Canadians consider to be the biggest rip off in the history of our country with no one prepared to step forward and tackle the issue.

How can you say that the storm in the southern USA has resulted in residents of Prince George finding ourselves short of gasoline when one; the pipe line comes right into the city and two; the refinery that we get most of our fuel from is operating just as it was before the price of crude dropped from $150 a barrel to right around $100.

That should have resulted in the price of fuel dropping about 40 to 50% but it didn’t.  Why?  Well the argument you get from the gas companies is that the storms in the southern USA have resulted in the price increases.

Well that might be an argument in the Southern USA but we export into the US about 25% of their requirements for fuel and unless I have been asleep at the switch there hasn’t been a shortage here.  Of course keeping in mind the Petro Can folks who had a refinery go down and used that as a lame excuse as to why they had to shut down some of their stations. I guess they have never heard about buying some of the product that they needed from say Husky in Prince George whose refinery was operating up to par thank you very much.

So let’s do away with the excuses for once and for all and say it like it should be said, we are being gouged big time and its time that governmen,t namely the federal government, steps in and drops the hammer.  Now the fesds are saying that the last time they had an inquiry they found out that there was no price fixing. Let’s see, when the price goes to exactly $147.9 at all of our stations no matter who owns them that's just a coincidence? No price fixing there, they are just physic.

Now I’d like to add the matter of why the price went up on the long weekend just passed when the price of crude in the world was dropping. The argument we got the last time was, well the storage is full of $140 dollars a barrel oil. No fooling, then it must hold true that now that theye are full of $100 crude it should be priced at about a buck a liter. But it isn’t why, you ask? nothing more than gouging of the public.

This should be an election issue and instead of resting on the hind ends it’s about time some of these political heavy weights started representing the Canadian people.

I’m Meisner and that’s one man’s opinion.


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Comments

Amen to that Ben!
I find it truly amazing that it has NOT become a major election issue!
I also wonder just how many gas stations raised their prices BEFORE they even had another delivery,meaning they raised their prices on the fuel already in the ground?
It stinks,and the rhetoric we are being fed just doesn't hold water anymore,if in fact it ever did!
There IS something very wrong, and those over paid and underworked politicians we elect have an obligation to get to the bottom of it or face the wrath of canadians at the ballot box.
Every damn one of them!
Carole James made it her statement that she'd eliminate gas taxes. But that won't solve the problem and it wouldn't even happen. All that might happen is they hide that tax elsewhere. No quick fix will happen, I sincerely hope that someone weeds through the whooy we are being fed and holds the gas companies accountable.
Why are we all for high prices when it comes to lumber, osb, pulp etc but get our shorts in a knot when a commodity like gas goes up?
Jack Layton has raised the issue and said he would deal with the gouging emphatically, but the issue hasn't been picked up by others. The issue should be raised at every candidates meeting, everywhere.
When it goes up, more GST and PST so why would they like to see it go lower, just more lies why it cost so much.
Intelligent voters know that politicians (including Mr. Layton) will promise anything in order to get votes. After the election is over all those brave statements will just be blowing in the wind...and often they not only break their promises by not doing anything at all, but they often do just the opposite.

Take on the (foreign owned) oil companies or *force* the Canadian automakers to employ more people? Do some people still fall for that kind of stuff?

Leoleo, I like your comment!

"cut gas taxes", "deal with the gouging emphatically" - sounds great - but these people are just spouting words. I'd love to see and hear a plan of action to make this happen rather than just words being spat out there - telling people what they want to hear. Give us something concrete to base our votes on.
Yes, it is time for an investigation. The investigation will no doubt find out we're being gouged. And then what? More empty words and promises from people who have no power to do anything about it.

We've been listening to this kind of talk since gas was 80 cents a litre. I remember a local group protested in front of one of the gas stations. Obviously, big oil doesn't care how we come up with the money for our cars and toys, just buck up and pay it. Maybe we need to run one less boat, atv or sled.
The first thing we could do is ban speculation by the bankers with their futures contracts driving prices.

I think market prices should be based on physical supply and demand and not the futures options paid for with pennies on the dollars for full value profit taking when they manipulate the commodity price in a casino world market based on computer programs and fear media.

After that we could regulate more to control energy industry profit taking to industry averages, rather then international speculative 'markets'. Put a windfall tax on excessive profits could be one possibility. Ideally it could be an industry that provides stable reliable 'average' returns for investors....
Lets see now,they did an investigation when they thought there was collusion at the pumps,what did that do NADA.GW [albertan]Harper will not do anything he's in bed with big oil.The last thing we need to do is give him a majority,HE's dangerous..wait and see what raises he has in store,make campbell look like a petty thief.
The cpac TV channel had a federal review comittee asking questions of the oil industry why things are the way they are.In fact the oil industry wasn't there and a retired consultant was there to explain the world oil business. Another person from the refineries association and a person representing independent retailers made up the third expert who would help explain how this all works.
Several inept MPs from all the federal parties attempted to question these experts to no avail.

I have never witnessed more bs in my entire life. Ridiculously stupid questions and the most irrelavent and unbelievable answers filled the room, one after the other.

One thing was confirmed to me by all this; Our federal government-- no matter what party-- is not interested in taking on the oil industry and the industry knows this. Boy do they know this.
We all know we are being gouged - especially in Prince George. The Friday, Sept. 12th 5:00 pm news on CTV reported that we were lucky here that gas prices here in BC didn't increase dramatically Huh! we know where they live and obviously think the only place that matters in BC is the lower mainland - isn't that typical. We faced an 11 cent increase in one day, because a hurricane was heading to Texas, how rediculous!!

Meanwhile I hear Prince Goerge was the only place in BC that took this big increase- once again we get hosed!

Shouldn't our mayor be complaining to federal government.
I will be writing my MP to complain.
I have also complained to CTV about ther poor reporting.

There is no reasonable explanation for gas prices and it is time we all flooded our government representatives with complaint letters and we should do it daily until they step up and take action.

gouged again



I hear gas did go up in Vancouver - 2 days later - I guess they just gouge us in Prince George quicker that in Vancouver@@$%@#^@##

we need some action - if anyone has any reasonable suggestions I'd be happy to jump in??
C-99 lets target a gas station like ESSO,even though they are independently owned I'm sure they all will get the picture, if not lets move on to the next!!by the way gas is $1.28 in Toronto!!cool EH!the thieving %*^$%$%#$&^
Why cant Canadians keep a supply of OUR oil for Canadians?? Put the surplus on the world market after Canadian needs are met. Why in God's name is the government not doing something about this. Protect you're people from this kind of bull!!!! Finally the price/barrel goes down and OUR PRINCE GEORGE GAS STATIONS TAKE OVER IN THE RIP OFF GAME by keeping the gas/litre at a rediculous high. Shame on you!!! I say boycot Shell for a month...then on to the next money pig. Cant even count on our own people to treat us fairly. Shame on all gas station owners!!!!
Leoleo...you refer to a comparison between oil and lumber, pulp etc as simply being commodoties which are subject to world markets. This of course is true in a simple context.
Obviously the big picture of this is not so simple and there is a point when oil companies, refinery groups and retailers can manipulate supply, pricing and practically hold the world hostage at any rate they wish.
My belief is that they will price this product just below the point of breaking the world's economy. Big oil knows that it is in the drivers seat until either the economy is destroyed or they are evicted from their source countries and no longer control the entire supply chain.
What is different about the current dependancy on oil is that there is currently very little option to this form of energy of which the entire world depends. Like water is to life, oil is to the economy and everything that involves food, heating and transporting virtually everything we consume or produce...so its not like lumber or pulp as there are readily available alternatives to these products.
The only good thing when we are gouged by high gas prices is that it will stimulate the reduction of consumption and eventually lead to alternative fuels.
This takes time to properly adapt.

Very unlikely that these alternatives will be as cheap as what oil now is and drastic changes worldwide are inevitable.
The real question in all this is how much does big oil profit from holding the world hostage while this worldwide transition and adaptation occurs?

Will big oil destroy the economic ability of the world to actually fund the necesary costs of adapting?

Will we be able to buy an electric car that costs double when we have no jobs? Will the cost of the electric car double again because of the rising energy costs to produce it? If the claim that it takes more energy to produce a new car than the car consumes during its life is correct...what exactly are we gaining towards reducing consumption or emissions if we prematurely scrap all our existing cars? How do people reinsulate their homes if their broke?--buy energy efficent appliances which cost double because the energy which it takes to make these things?

The trick here is to hold big oil at bay to allow the world to properly adapt to what is a truly sustainable level. How this could be done is a question for someone much smarter than me.