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Re: Gas [message #369896 is a reply to message #369895]

Wed, 08 June 2022 10:20

blur911

Messages: 166
Registered: December 2020
Location: Kingston, Ontario

Karma:

Senior Member

Tom Katzenberger wrote on Wed, 08 June 2022 10:01

I just don't understand why Biden needs to crawl to OPEC when we were supplying so much oil less then 18 months ago?

From what I understand, oil-sands and frakking oil is only economically feasible if the price of crude is high, otherwise it's not worth getting it out of the ground. So companies keep the price high and make out like bandits at both ends.
Canada has lots of oil, but it's hard to get it to market. We still import oil to our eastern refineries because it's cheaper, plus the refineries aren't set up to refine the bitumen rich oil-sand crude.

We could certainly use a relief from some of the taxes on gasoline, but most of the rising price is just oil companies jacking up prices and profits.

Perhaps if Keystone XL had gone through it would have been a bit of a relief?

Burl Vibert
Kingston, Ontario
1976 GMC 26 foot, Sheridan reno, don't know original model but we call her Roxie

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[Message index]

		Gas By: boybach on Tue, 07 June 2022 10:41
		Re: Gas By: RF_Burns on Tue, 07 June 2022 12:23
		Re: Gas By: Matt Colie on Tue, 07 June 2022 13:16
		Re: Gas By: Tom Katzenberger on Tue, 07 June 2022 14:12
		Re: Gas By: RF_Burns on Tue, 07 June 2022 16:29
		Re: Gas By: Carl S. on Tue, 07 June 2022 18:07
		Re: Gas By: Tom Katzenberger on Tue, 07 June 2022 21:01
		Re: Gas By: blur911 on Wed, 08 June 2022 08:37
		Re: Gas By: rjw on Wed, 08 June 2022 15:45
		Re: Gas By: bdub on Sat, 11 June 2022 17:05
		Re: Gas By: bdub on Sat, 11 June 2022 17:14
		Re: Gas By: Tom Katzenberger on Wed, 08 June 2022 10:01
		Re: Gas By: blur911 on Wed, 08 June 2022 10:20
		Re: Gas By: Carl S. on Wed, 08 June 2022 13:59
		Re: Gas By: Ken Burton on Wed, 08 June 2022 14:57
		Re: Gas By: blur911 on Wed, 08 June 2022 15:19
		Re: Gas By: boybach on Wed, 08 June 2022 19:09
		Re: Gas By: mghamms on Sun, 12 June 2022 17:04
		Re: Gas By: blur911 on Sun, 12 June 2022 18:17
		Re: Gas By: mghamms on Sun, 12 June 2022 18:54
		Re: Gas By: Tom Katzenberger on Sat, 11 June 2022 18:19
		Re: Gas By: JohnL455 on Sun, 12 June 2022 12:11
		Re: Gas By: Tom Katzenberger on Sun, 12 June 2022 21:06
		Re: Gas By: mghamms on Mon, 13 June 2022 10:35
		Re: Gas By: Matt Colie on Mon, 13 June 2022 16:09
		Re: Gas By: Richard RV on Tue, 19 July 2022 17:21
		Re: Gas By: JohnL455 on Mon, 13 June 2022 20:04
		Re: Gas By: Keith V on Tue, 14 June 2022 14:47
		Re: Gas By: mghamms on Wed, 15 June 2022 11:18
		Re: Gas By: JohnL455 on Wed, 15 June 2022 11:57
		Re: Gas By: tphipps on Wed, 15 June 2022 16:58
		Re: Gas By: blur911 on Thu, 21 July 2022 19:20
		Re: Gas By: JohnL455 on Thu, 21 July 2022 21:47
		Re: Gas By: Tom Katzenberger on Fri, 22 July 2022 09:48
		Re: Gas By: Matt Colie on Sat, 23 July 2022 08:34
		Re: Gas By: rjw on Sat, 23 July 2022 10:04
		Re: Gas By: Richard RV on Sat, 23 July 2022 16:43
		Re: Gas By: JohnL455 on Sat, 23 July 2022 12:35
		Re: Gas By: boybach on Sun, 24 July 2022 00:44
		Re: Gas By: mghamms on Sun, 24 July 2022 11:48
		Re: Gas By: tphipps on Tue, 26 July 2022 16:16
		Re: Gas By: Matt Colie on Wed, 27 July 2022 08:50
		Re: Gas By: Tom Katzenberger on Wed, 27 July 2022 20:06

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