Any reason gas is going down?
Fear of a lackluster global economy and growth means less demand. Commodities/oil have been dropping, knock on wood. knowing the stock market speculation, they will probably read this and raise prices haha!
Yet I don't understand how we (our lovely goverent leaders) can still let oil companies rake in billions upon billions in profits.
Yet I don't understand how we (our lovely goverent leaders) can still let oil companies rake in billions upon billions in profits.
Member
Joined: 03-13-11
Posts: 329
Likes: 0
From: Lethbridge, Canada
$80/barrel to keep new projects going. It was $40-50/barrel when the dollar was around $0.49/0.60. OPEC sets the oil price, at least over there. The WSTI is actually artificially low because all the crude sitting in tanks from the original pipeline. Ooooh, you didn't know there was an existing pipeline? The new pipeline is a mixed blessing. When the oil was up 9 upgraders were planned. Now there is only one for sure. Btw an upgrader essentially mixes the oil with chemicals so it will flow better. Now it is cheaper to give the US the jobs by getting them to refine it. The XL pipeline is worth billions to Alberta, but all the permanent positions will be in Texas
I'm impressed, a real, truthful answer... 
wow, I'm shocked... not only a second insightful post on CSS today - but in the same thread...
wow!? - I think that's a milestone!
granted the higher hte oil prices, the better my province, err, state does...
I hope it keeps going down - but stays above $54/barrel;
iirc that's the break even point for processing the oil sands in Northern Alberta
to rip-off Sox-fan's joke ~ that's because you sir live in the people's socialist republic of British Columbia;
Your provincial government charges you an extra ten cents per liter in excess fuel tax;
but you voted them in, and apparently people on the other side of the rockies like the socialist system...
Seriously dude, expect to remain the most expensive place in North America to fuel up for now till that law is overturned.
wow, I'm shocked... not only a second insightful post on CSS today - but in the same thread...
wow!? - I think that's a milestone!
granted the higher hte oil prices, the better my province, err, state does...
I hope it keeps going down - but stays above $54/barrel;
iirc that's the break even point for processing the oil sands in Northern Alberta
to rip-off Sox-fan's joke ~ that's because you sir live in the people's socialist republic of British Columbia;
Your provincial government charges you an extra ten cents per liter in excess fuel tax;
but you voted them in, and apparently people on the other side of the rockies like the socialist system...
Seriously dude, expect to remain the most expensive place in North America to fuel up for now till that law is overturned.
Thread
Thread Starter
Forum
Replies
Last Post
Jesse
Problems/Service/Maintenance
2
Sep 28, 2015 12:51 PM