09-03-2005, 09:54 AM
Let me just add my 2 cents, for what it's worth, on what is happening here. I did a paper, oh some 15 years ago, in university on the economics of the oil industry in Canada. This isn't going to make you very happy. We currently harvest over 80% of the oil we use in this country. That number might even be more since I did the paper. Those American retailers that sell close to our borders buy their gas from canadian suppliers because it's cheaper. Then we drive over the border to get cheaper gas. How ludicrous is that.
But we also manufacture 98% of our oil into gas products here at home. So, to say this is just a gas gouge is putting it midly. The prices are rising because the demand for gas in the US is now tenfold what it was last week. And the Americans want our gas. So if we won't pay the escalated prices, they will.
Demand is sucking the hell out of supply right now and our wallets are losing.
But we also manufacture 98% of our oil into gas products here at home. So, to say this is just a gas gouge is putting it midly. The prices are rising because the demand for gas in the US is now tenfold what it was last week. And the Americans want our gas. So if we won't pay the escalated prices, they will.
Demand is sucking the hell out of supply right now and our wallets are losing.
TEAM PITA Don't settle for a wannabe, only accept the real deal.
One day I will rule the world. For now, I have to settle for this place.
One day I will rule the world. For now, I have to settle for this place.