'Surplus of oil in Canada' . . . pump prices at record high

[{~_~} Раиса]

Remember, as you read this, that Venezuela, which has bitumen oil
resources as well, sells it to their people for $.05 to .07 / per GALLON.
_____________________________________________________

Gas prices hit three-year high in parts of Canada

CTVNews.ca - Published Thursday, April 24, 2014


The cost of gas is at a three-year high in parts of the country today,
and it could go higher, meaning the pain at the pumps isn't over yet for
Canadians.

"This is as high as it goes for now," industry-watcher Dan McTeague told
CTV's Canada AM early Thursday.

Former MP Dan McTeague appears on Canada AM, Thursday, April 24, 2014.

Gas prices now hover as much as 22 cents higher than they were in April
of last year.

Toronto, Fredericton and Saint John all broke the $1.40 barrier
overnight as prices climbed across the country.

McTeague says gas prices have nothing to do with a shortage in crude
oil. "We have never seen this much oil in the system," he says. The oil
inventory in the United States is at an 83-year high, according to
McTeague, and there's no push to bring that inventory down.

While the rise is due in part to refiners' costs as they transition to
summertime gas production, as well as a weak Canadian dollar, and
overseas conflict, McTeague says "excessive speculation" in the energy
market is a key factor.

"We're seeing the geopolitical situation in the Ukraine as sort of a
catalyst for keeping these crude prices up," he says. "I suspect that if
the situation escalates, prices will go up. If it de-escalates, look for
those prices to plummet."

The price of a barrel of crude oil has gone from $93.90 on this day last
year to $112.20 today, according to tomorrowsgaspricestoday.com.

McTeague believes gas prices are nearing a peak, and anything above
where they are now will leave refiners with product no one can afford to
buy.

"We've sort of reached an impasse right now where hedgers and oil
companies and those pricing on the street are saying ‘I think we've gone
as far as we can go right now,'" he says.

Some cities are already seeing relief, however. Regina's prices dropped
5 cents overnight, Quebec City's gas went down 4 cents and Saskatoon
drivers saw a 1-cent decline.

Commuters in Montreal were paying the most for gas on Wednesday, but
after a 2-cent drop, Vancouver is now Canada's most expensive place to
fuel up.

McTeague says Vancouver and Montreal have the highest prices because of
additional gas taxes.

Winnipeg has some of the lowest prices in the country. McTeague says
that's because grocery store gas stations are putting the squeeze on
retailers by selling their gas at wholesale prices. "Retailers are
taking an absolute beating," he says. "They have no retail margin. A
couple of box stores have come in and decided they're going to sell
gasoline with no margin at all and recover that at the grocery checkout."

Here's a look at Thursday's reported gas prices across the country,
according to McTeague's tomorrowsgaspricestoday.com.

Victoria – 142.9 cents a litre
Vancouver – 151.7 cents a litre
Calgary – 128.9 cents a litre
Edmonton – 125.9 cents a litre
Regina – 128.9 cents a litre
Saskatoon – 132.9 cents a litre
Winnipeg – 127.9 cents a litre
Toronto – 140.3 cents a litre
Ottawa – 139.3 cents a litre
Montreal – 151.4 cents a litre
Quebec City – 141.4 cents a litre
Fredericton – 140.5 cents a litre
Moncton – 140.5 cents a litre
Saint John, NB – 140.5 cents a litre
Charlottetown – 139.7 cents a litre
Halifax – 143.3 cents a litre
St. John’s – 147.3 cents a litre


Read more:
http://www.ctvnews.ca/canada/gas-prices-hit-three-year-high-in-parts-of-canada-1.1790171#ixzz2zpSgWqV1

[Alan Baker]

Post by {~_~} Раиса
Remember, as you read this, that Venezuela, which has bitumen oil
resources as well, sells it to their people for $.05 to .07 / per GALLON.

Remember, as you read that, that that is the price per litre and that:

'Less than a year after the death of former dictator Hugo Chavez,
Venezuela is on the verge of an economic breakdown. Inflation is
soaring; the currency, the bolivar, is drastically losing value on the
black market; and foreign currency reserves are dwindling. Even
Venezuela's once vaunted energy sector, crippled by lack of investment,
is failing to generate enough revenue to subsidize domestic giveaways.

"There is a difference between Venezuela and the rest of Latin America,
which now has very solid macroeconomy fundamentals," Juan Pablo
Fuentes, an economist at Moody's Analytics, told CNBC. "The
macroeconomy for the last 20 years has been very mismanaged [in
Venezuela]."'
<http://www.cnbc.com/id/101219760>

So I'm not sure how cheap gas is going to help them...

...when they can't afford to buy a car.

Oh, and doubtless, one of your ilk will attempt to impugn the source of
the information, so here's a one you'll have a bit more difficulty with:
'THICK clouds of teargas hung in the air over the north gate of the
Central University (UCV) in Caracas on March 12th. A police helicopter
clattered overhead; on campus, plain-clothes gunmen on motorcycles,
some bearing the initials of the national guard, harassed student
demonstrators.
A month after the government crack-down on protesters began,
Venezuela’s crisis is deepening. This was the bloodiest single day
since three people were killed in Caracas on March 12th. Eighteen
injuries were reported at the UCV, after a previously peaceful student
march to demand the resignation of the Venezuelan government ombudsman
was halted on the orders of President Nicolás Maduro.

But it was the city of Valencia, 125km west of the capital, that bore
the brunt of the violence. Three people were shot dead there, including
a national-guard officer and two civilians. The government blamed
“snipers”; opposition sources insist the only people seen shooting
belonged to the pro-government colectivos some are now beginning to
call death-squads. The casualties in Valencia brought the month’s death
toll to well over 20.'

<http://www.economist.com/blogs/americasview/2014/03/crisis-venezuela>

So there you have it:

Karen prefers a government that keeps the prices of gasoline low...

...and kills its citizens.

Post by {~_~} Раиса
_____________________________________________________
Gas prices hit three-year high in parts of Canada
CTVNews.ca - Published Thursday, April 24, 2014
The cost of gas is at a three-year high in parts of the country today,
and it could go higher, meaning the pain at the pumps isn't over yet
for Canadians.
"This is as high as it goes for now," industry-watcher Dan McTeague
told CTV's Canada AM early Thursday.
Former MP Dan McTeague appears on Canada AM, Thursday, April 24, 2014.
Gas prices now hover as much as 22 cents higher than they were in April
of last year.
Toronto, Fredericton and Saint John all broke the $1.40 barrier
overnight as prices climbed across the country.
McTeague says gas prices have nothing to do with a shortage in crude
oil. "We have never seen this much oil in the system," he says. The oil
inventory in the United States is at an 83-year high, according to
McTeague, and there's no push to bring that inventory down.
While the rise is due in part to refiners' costs as they transition to
summertime gas production, as well as a weak Canadian dollar, and
overseas conflict, McTeague says "excessive speculation" in the energy
market is a key factor.
"We're seeing the geopolitical situation in the Ukraine as sort of a
catalyst for keeping these crude prices up," he says. "I suspect that
if the situation escalates, prices will go up. If it de-escalates, look
for those prices to plummet."
The price of a barrel of crude oil has gone from $93.90 on this day
last year to $112.20 today, according to tomorrowsgaspricestoday.com.
McTeague believes gas prices are nearing a peak, and anything above
where they are now will leave refiners with product no one can afford
to buy.
"We've sort of reached an impasse right now where hedgers and oil
companies and those pricing on the street are saying ‘I think we've
gone as far as we can go right now,'" he says.
Some cities are already seeing relief, however. Regina's prices dropped
5 cents overnight, Quebec City's gas went down 4 cents and Saskatoon
drivers saw a 1-cent decline.
Commuters in Montreal were paying the most for gas on Wednesday, but
after a 2-cent drop, Vancouver is now Canada's most expensive place to
fuel up.
McTeague says Vancouver and Montreal have the highest prices because of
additional gas taxes.
Winnipeg has some of the lowest prices in the country. McTeague says
that's because grocery store gas stations are putting the squeeze on
retailers by selling their gas at wholesale prices. "Retailers are
taking an absolute beating," he says. "They have no retail margin. A
couple of box stores have come in and decided they're going to sell
gasoline with no margin at all and recover that at the grocery
checkout."
Here's a look at Thursday's reported gas prices across the country,
according to McTeague's tomorrowsgaspricestoday.com.
Victoria – 142.9 cents a litre
Vancouver – 151.7 cents a litre
Calgary – 128.9 cents a litre
Edmonton – 125.9 cents a litre
Regina – 128.9 cents a litre
Saskatoon – 132.9 cents a litre
Winnipeg – 127.9 cents a litre
Toronto – 140.3 cents a litre
Ottawa – 139.3 cents a litre
Montreal – 151.4 cents a litre
Quebec City – 141.4 cents a litre
Fredericton – 140.5 cents a litre
Moncton – 140.5 cents a litre
Saint John, NB – 140.5 cents a litre
Charlottetown – 139.7 cents a litre
Halifax – 143.3 cents a litre
St. John’s – 147.3 cents a litre
http://www.ctvnews.ca/canada/gas-prices-hit-three-year-high-in-parts-of-canada-1.1790171#ixzz2zpSgWqV1

[{~_~} Раиса]

Post by {~_~} Раиса
Remember, as you read this, that Venezuela, which has bitumen oil
resources as well, sells it to their people for $.05 to .07 / per GALLON.

Oops . . . $0.18 / Gallon. Canada's stupidity vs. gas prices in
Venezuela, holds.

[Barry Bruyea]

Post by {~_~} Раиса
Remember, as you read this, that Venezuela, which has bitumen oil
resources as well, sells it to their people for $.05 to .07 / per GALLON.

60% inflation, large number of unemployed, country's damn near broke,
people can't buy enough food to feed their families and you're
'bragging' about the low price of gas? Who the hell do you think can
even afford a damn country in that benighted country?

Post by {~_~} Раиса
_____________________________________________________
Gas prices hit three-year high in parts of Canada
CTVNews.ca - Published Thursday, April 24, 2014
The cost of gas is at a three-year high in parts of the country today,
and it could go higher, meaning the pain at the pumps isn't over yet for
Canadians.
"This is as high as it goes for now," industry-watcher Dan McTeague told
CTV's Canada AM early Thursday.
Former MP Dan McTeague appears on Canada AM, Thursday, April 24, 2014.
Gas prices now hover as much as 22 cents higher than they were in April
of last year.
Toronto, Fredericton and Saint John all broke the $1.40 barrier
overnight as prices climbed across the country.
McTeague says gas prices have nothing to do with a shortage in crude
oil. "We have never seen this much oil in the system," he says. The oil
inventory in the United States is at an 83-year high, according to
McTeague, and there's no push to bring that inventory down.
While the rise is due in part to refiners' costs as they transition to
summertime gas production, as well as a weak Canadian dollar, and
overseas conflict, McTeague says "excessive speculation" in the energy
market is a key factor.
"We're seeing the geopolitical situation in the Ukraine as sort of a
catalyst for keeping these crude prices up," he says. "I suspect that if
the situation escalates, prices will go up. If it de-escalates, look for
those prices to plummet."
The price of a barrel of crude oil has gone from $93.90 on this day last
year to $112.20 today, according to tomorrowsgaspricestoday.com.
McTeague believes gas prices are nearing a peak, and anything above
where they are now will leave refiners with product no one can afford to
buy.
"We've sort of reached an impasse right now where hedgers and oil
companies and those pricing on the street are saying ‘I think we've gone
as far as we can go right now,'" he says.
Some cities are already seeing relief, however. Regina's prices dropped
5 cents overnight, Quebec City's gas went down 4 cents and Saskatoon
drivers saw a 1-cent decline.
Commuters in Montreal were paying the most for gas on Wednesday, but
after a 2-cent drop, Vancouver is now Canada's most expensive place to
fuel up.
McTeague says Vancouver and Montreal have the highest prices because of
additional gas taxes.
Winnipeg has some of the lowest prices in the country. McTeague says
that's because grocery store gas stations are putting the squeeze on
retailers by selling their gas at wholesale prices. "Retailers are
taking an absolute beating," he says. "They have no retail margin. A
couple of box stores have come in and decided they're going to sell
gasoline with no margin at all and recover that at the grocery checkout."
Here's a look at Thursday's reported gas prices across the country,
according to McTeague's tomorrowsgaspricestoday.com.
Victoria – 142.9 cents a litre
Vancouver – 151.7 cents a litre
Calgary – 128.9 cents a litre
Edmonton – 125.9 cents a litre
Regina – 128.9 cents a litre
Saskatoon – 132.9 cents a litre
Winnipeg – 127.9 cents a litre
Toronto – 140.3 cents a litre
Ottawa – 139.3 cents a litre
Montreal – 151.4 cents a litre
Quebec City – 141.4 cents a litre
Fredericton – 140.5 cents a litre
Moncton – 140.5 cents a litre
Saint John, NB – 140.5 cents a litre
Charlottetown – 139.7 cents a litre
Halifax – 143.3 cents a litre
St. John’s – 147.3 cents a litre
http://www.ctvnews.ca/canada/gas-prices-hit-three-year-high-in-parts-of-canada-1.1790171#ixzz2zpSgWqV1
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[{~_~} Раиса]

Post by Barry Bruyea

Post by {~_~} Раиса
Remember, as you read this, that Venezuela, which has bitumen oil
resources as well, sells it to their people for $0.18 / per GALLON.

60% inflation, large number of unemployed, country's damn near broke,
people can't buy enough food to feed their families and you're
'bragging' about the low price of gas? Who the hell do you think can
even afford a damn country in that benighted country?

And you think it's our gas prices that are keeping Canada's economy alive?
Do you have shares in the American and Norwegian and Chinese oil
companies, ya stupid rabbit?

[Alan Baker]

Post by {~_~} Раиса

Post by Barry Bruyea

Post by {~_~} Раиса
Remember, as you read this, that Venezuela, which has bitumen oil
resources as well, sells it to their people for $0.18 / per GALLON.

60% inflation, large number of unemployed, country's damn near broke,
people can't buy enough food to feed their families and you're
'bragging' about the low price of gas? Who the hell do you think can
even afford a damn country in that benighted country?

And you think it's our gas prices that are keeping Canada's economy alive?

What he thinks is that a "managed economy's" success can't be judged on
one narrow criterion?

Post by {~_~} Раиса
Do you have shares in the American and Norwegian and Chinese oil
companies, ya stupid rabbit?

Do you think that those American and Norwegian and Chinese oil
companies don't pay us for the oil, Karen?

Do you think there aren't Canadian companies in the oil patch?

Do you think...

...ever?

[{~_~} Раиса]

Post by Alan Baker

Post by {~_~} Раиса
And you think it's our gas prices that are keeping Canada's economy alive?

What he thinks is that a "managed economy's" success can't be judged on
one narrow criterion?

1. How do you know what "he thinks"?
2. "One narrow criterion" hardly describes the cost of fuel in Canada.
It is a major resource that is being exploited, abused and the cause
of major environmental damage in this country.
3. How d'ya like paying $1.50/litre for gas when the Venezuelans pay
$0.05/litre for the same commodity? Which country has considered its
own people over foreign interests and profits?

[Barry Bruyea]

Post by {~_~} Раиса

Post by Alan Baker

Post by {~_~} Раиса
And you think it's our gas prices that are keeping Canada's economy alive?

What he thinks is that a "managed economy's" success can't be judged on
one narrow criterion?

1. How do you know what "he thinks"?
2. "One narrow criterion" hardly describes the cost of fuel in Canada.
It is a major resource that is being exploited, abused and the cause
of major environmental damage in this country.
3. How d'ya like paying $1.50/litre for gas when the Venezuelans pay
$0.05/litre for the same commodity? Which country has considered its
own people over foreign interests and profits?

You truly are pathetic. Gas prices in Venezuela are a straight out
bribe, at least to those who can afford a car.

Post by {~_~} Раиса
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[Nobody]

Post by Barry Bruyea

Post by {~_~} Раиса

Post by Alan Baker

Post by {~_~} Раиса
And you think it's our gas prices that are keeping Canada's
economy alive?

What he thinks is that a "managed economy's" success can't be
judged on one narrow criterion?

1. How do you know what "he thinks"?
2. "One narrow criterion" hardly describes the cost of fuel in Canada.
It is a major resource that is being exploited, abused and the cause
of major environmental damage in this country.
3. How d'ya like paying $1.50/litre for gas when the Venezuelans
pay $0.05/litre for the same commodity? Which country has
considered its own people over foreign interests and profits?

You truly are pathetic. Gas prices in Venezuela are a straight out
bribe, at least to those who can afford a car.

Gas is heavily subsidized in Venezuela. Much like many Arab nations
and Nigeria.

Karen is too stunned to understand these things.

[{~_~} Раиса]

Post by Nobody
Gas is heavily subsidized in Venezuela. Much like many Arab nations
and Nigeria.
Karen is too stunned to understand these things.

Nothing has to be subsidized if it is a natural resource, taken only as
needed for its citizens.
And OWNED BY those citizens.

When it was owned by PetroCan - a crown corporation - our fuel prices
were reasonable. When it was privatized, our foreign-owned companies
took us all by the throats and squeezed whatever-the-hell-they-wanted
from us. Like now.

'Nobody' came by his name honestly.

[Greg Carr]

Post by {~_~} Раиса

Gas is heavily subsidized in Venezuela. Much like many Arab nations
and Nigeria.
Karen is too stunned to understand these things.

Nothing has to be subsidized if it is a natural resource, taken only as
needed for its citizens.
And OWNED BY those citizens.
When it was owned by PetroCan - a crown corporation - our fuel prices
were reasonable. When it was privatized, our foreign-owned companies
took us all by the throats and squeezed whatever-the-hell-they-wanted
from us. Like now.
'Nobody' came by his name honestly.

Petro-Can charged the same as the American oil companies at the pump.

[{~_~} Раиса]

Post by Greg Carr
Petro-Can charged the same as the American oil companies at the pump.

Cite?

[Alan Baker]

Post by {~_~} Раиса

Post by Nobody
Gas is heavily subsidized in Venezuela. Much like many Arab nations
and Nigeria.
Karen is too stunned to understand these things.

Nothing has to be subsidized if it is a natural resource, taken only as
needed for its citizens.
And OWNED BY those citizens.

Really?

You know for a fact that the gas comes out of the ground ready to put
into the car...

...right through a gas pump?

Post by {~_~} Раиса
When it was owned by PetroCan - a crown corporation - our fuel prices
were reasonable. When it was privatized, our foreign-owned companies
took us all by the throats and squeezed whatever-the-hell-they-wanted
from us. Like now.

1. Our oil was never owned by PetroCanada.

2. Our fuel prices were never close to as low back then as Venezuela's are now.

It costs MONEY to drill for oil; to transport it, to refine it, to
transport it again.

Venezuelan gas is SUBSIDIZED.

[Nobody]

Post by Alan Baker

Post by {~_~} Раиса

Post by Nobody
Gas is heavily subsidized in Venezuela. Much like many Arab
nations and Nigeria.
Karen is too stunned to understand these things.

Nothing has to be subsidized if it is a natural resource, taken
only as needed for its citizens.
And OWNED BY those citizens.

Really?
You know for a fact that the gas comes out of the ground ready to
put into the car...
...right through a gas pump?

Post by {~_~} Раиса
When it was owned by PetroCan - a crown corporation - our fuel
prices were reasonable. When it was privatized, our
foreign-owned companies took us all by the throats and squeezed
whatever-the-hell-they-wanted from us. Like now.

1. Our oil was never owned by PetroCanada.
2. Our fuel prices were never close to as low back then as
Venezuela's are now.
It costs MONEY to drill for oil; to transport it, to refine it, to
transport it again.
Venezuelan gas is SUBSIDIZED.

Every time Karen makes a comment here she proves how clueless she is.

[Barry Bruyea]

Post by {~_~} Раиса

Post by Nobody
Gas is heavily subsidized in Venezuela. Much like many Arab nations
and Nigeria.
Karen is too stunned to understand these things.

Nothing has to be subsidized if it is a natural resource, taken only as
needed for its citizens.
And OWNED BY those citizens.

Idiot, the cost of getting it out of the ground, processing it, and
'giving' it away below cost is why the damn country is going broke,
you're just too damn dense to understand that. But then, what else is
new.

Post by {~_~} Раиса
When it was owned by PetroCan - a crown corporation - our fuel prices
were reasonable. When it was privatized, our foreign-owned companies
took us all by the throats and squeezed whatever-the-hell-they-wanted
from us. Like now.
'Nobody' came by his name honestly.
---
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[Alan Baker]

Post by {~_~} Раиса

Post by Alan Baker

Post by {~_~} Раиса
And you think it's our gas prices that are keeping Canada's economy alive?

What he thinks is that a "managed economy's" success can't be judged on
one narrow criterion?

1. How do you know what "he thinks"?

I know why this one eludes you: by thinking.

Post by {~_~} Раиса
2. "One narrow criterion" hardly describes the cost of fuel in Canada.
It is a major resource that is being exploited, abused and the cause
of major environmental damage in this country.

But you're suggesting that the Venezuelan model is superior, solely
based on its gas prices.

That's the narrow criterion, Karen.

Post by {~_~} Раиса
3. How d'ya like paying $1.50/litre for gas when the Venezuelans pay
$0.05/litre for the same commodity? Which country has considered its
own people over foreign interests and profits?

So when are you moving?

Which country is killing its own people who are protesting its government?

[Greg Carr]

Post by Alan Baker

Post by {~_~} Раиса
And you think it's our gas prices that are keeping Canada's economy alive?

What he thinks is that a "managed economy's" success can't be judged on
one narrow criterion?

1. How do you know what "he thinks"?
2. "One narrow criterion" hardly describes the cost of fuel in Canada.
It is a major resource that is being exploited, abused and the cause of
major environmental damage in this country.
3. How d'ya like paying $1.50/litre for gas when the Venezuelans pay
$0.05/litre for the same commodity? Which country has considered its own
people over foreign interests and profits?

You like Venezuela so much move there.

[Barry Bruyea]

Post by {~_~} Раиса

Post by Barry Bruyea

Post by {~_~} Раиса
Remember, as you read this, that Venezuela, which has bitumen oil
resources as well, sells it to their people for $0.18 / per GALLON.

60% inflation, large number of unemployed, country's damn near broke,
people can't buy enough food to feed their families and you're
'bragging' about the low price of gas? Who the hell do you think can
even afford a damn country in that benighted country?

And you think it's our gas prices that are keeping Canada's economy alive?
Do you have shares in the American and Norwegian and Chinese oil
companies, ya stupid rabbit?

As usual, you're to damn stupid or afraid to address my comments in
regards Venezuela. What else is new.

Post by {~_~} Раиса
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