2164 replies to this topic

[FogPub]

Yet the price of crude is down significantly from earlier this summer.

 

Someone is making a lot of money out of us.

[Nparker]

...Someone is making a lot of money out of us.

Someone always is.

[Mike K.]

It’s a BC problem. We can’t refine enough fuel, and pay a premium for what we do receive.

Gas is $1.30 in Edmonton. $1.45 in Ottawa. $2.15 in Victoria. Pipelines do matter, it turns out.

[Victoria Watcher]

Don’t worry. David Black must be near completion of his refinery by now.

[Mike K.]

The Commonwealth Games refinery?

[LJ]

Where? Per this https://www.globalpe...asoline_prices/ and other Europe countries is around $2 CAD/ltr in France, $2.64 in the Netherlands, $2.55 in Germany etc etc.

$1.50 in euros, I didn't have a euro sign. Ranged from a $1.50 to $1.72 Italy, France and Spain.

[Victoria Watcher]

Metro Vancouver gas prices hit record high $2.339 per litre

 

Price nearly a dollar per litre more expensive than Calgary, Toronto

 

https://www.vicnews....-339-per-litre/

[Mike K.]

Who’d have thought, eh?

I overheard a group of young people yesterday, on a road trip to our region, talking about how they weren’t prepared for such high gas prices. Their plate was from Alberta.

Yeah, no kidding. You arrive from the land of $1.50 gas and suddenly you’re paying 40% more for something you can’t get by without. That’ll sting.

I’m sure they also think our food prices are very, very high, as are lodging prices (drive up to any old motel nowadays and it’s just under $200/night. If you’re lucky you might be able to find something in the $175 range.

[Mike K.]

We did it, Victoria! We've just hit a record high for 87 octane, $2.299 per litre.

 

The Trudeau government's take from every litre of gasoline at this price is 11 cents, or $8.80 for an 80 litre fill-up. And that's just the tax on top of the other taxes, and the actual cost of gasoline.

[Mike K.]

And you know what's crazy? The price of crude is plummeting. It's sitting well below $80 for WTI, and there's no sign of it re-emerging.

 

Our prices are squarely a supply and demand problem. Far, far too much demand for gasoline, with no local refining capacity and limited pipelines to send refined product to the coast.

[FogPub]

^Yet they're trying to build pipelines to the coast so as to export crude to other countries, rather than send refined product here for our own use.

 

If the pipelines were for refined product not intended to leave the country, I wouldn't be opposed to them.

[Mike K.]

The pipelines are for everything, including exports.

One of the big benefits for southwest BC was more desperately needed refined product.

But we squandered it, and are lining the pockets of other jurisdictions to refine our products after falling for their anti-Canadian petroleum activism. The activism was a murky web of foreign funded agents, tethered back to foreign Big Oil that quite likes $2.3 gasoline in southwest BC.

[Mike K.]

Get a load of the corrections required in this news piece. It was literally re-written ten days after it was published, and gives a good glimpse into how misinformed the press, and by extension the public, are on this issue:

CORRECTION: June 27 — In a Five Things item June 17 about the Trans Mountain expansion, The Canadian Press described diluted bitumen — a chemically modified form of the primary resource from Alberta’s oilsands — as being more expensive to produce than conventional crude oil. It also said bitumen must be mined, rather than pumped out of oil wells, and that Asia lacks refineries that are capable of handling bitumen.

The piece should have noted that oilsands proponents argue production costs have declined in recent years, and that so-called “in-situ” production — using steam injected underground to allow the product to be pumped to the surface — now generates more than half of the output. It also should have acknowledged that a number of refiners in Asia have new facilities designed to handle heavy and sour grades of crude oil, which is how diluted bitumen is classified.

The item also described the expansion as being capable of carrying 590,000 barrels per day of bitumen; in fact, the additional capacity is 540,000 barrels per day, which is expected to create 50,000 barrels of additional capacity on the original line.

- https://globalnews.c...trans-mountain/

[Mike K.]

Anyone who’s ventured outside will see gas stations pricing fuel at a record breaking $2.399.

Who would have imagined, that strangling the supply of gasoline would lead to such high energy costs.

[Mike K.]

OPEC, which includes Russia as a member, have voted to cut supplies by two million barrels a day.

Oh oh.

[Victoria Watcher]

OPEC, which includes Russia as a member, have voted to cut supplies by two million barrels a day.

Oh oh.

 

OPEC members can rarely stick to their own goals though.   Lots of fudging goes on.

Edited by Victoria Watcher, 05 October 2022 - 09:41 AM.

[Mike K.]

Biden has peeved off Saudi Arabia, who historically were aligned with US interests and now are voting alongside Russia. If that’s not a message, I don’t know what is.

Canada is tethered to Saudi oil as well. The entire east is thirsty for it and can’t get enough.

[LJ]

Pierre to the rescue

 

 

 

https://twitter.com/...257Ctwcon255Es1

Edited by LJ, 05 October 2022 - 07:48 PM.

[dasmo]

He is a pretty good speaker. A tad car salesman is his weakness. I think he would destroy Trudeau in a debate. It’s going to be a crazy election judging from how ugly this little municipal one is getting.

[Mike K.]

You can see why international interests are so determined to undermine Canadian energy production and exports.