Author Topic: Anyone worried about the price of gas? (Read 16895 times)

safristi · « **Reply #60 on:** February 25, 2011, 11:29:40 am »

..they follow in the unsustainable French secular socialist model NOW......wouldn't recognize the nonesense that goes on there now if you were to read it's past 50 year history..................<Gallic SHRUG>..... $:-\$ $:-\$ $:-\$

mmret · « **Reply #61 on:** February 25, 2011, 11:34:45 am »

Quote from: hcrv on February 25, 2011, 09:38:16 am

Quote from: mmret on February 25, 2011, 09:03:30 am
Ask yourself what the profit is on the marginal barrel.

When you sell countless barrels year after year, I'd take a 10 cent profit per $100 barrel. Its more than I make now.

Totally missing the point. The world wants that 87,400,000th barrel. And the cost to produce and transport that barrel is around $100 or whatever.

The 20,000,000th barrel probably costs $20. Or something. Nobody knows.

If oil drops to $90 eventually those extra barrels disappear. But the world still wants them. So the price has to go up.

How much does the 90,000,000th barrel cost? $130? Small changes in supply/demand balances can have huge impacts on price in inelastic markets.

safristi · « **Reply #62 on:** February 25, 2011, 11:38:51 am »

..so here we are again....Ov'r a BARREL..........live with it.....reduce recycle and bicycle.......hug a tree and use the rising sap for bio-fuel...do SOMETHING eh!!!!

.............maybe get seven of BOBS fat businesmen to Car POOL inna LIMO...prolly cheaper than 1 skinny guy inna Prius....

Sival · « **Reply #63 on:** February 25, 2011, 11:44:17 am »

Quote from: ktm525 on February 25, 2011, 11:24:24 am

I don't think my comment was "bashing". What grinds my gears is when a Government introduces social programs such as subsidized daycare and has no means or even expectations that it can pay for it. Essentially I am shovelling money to governments who provide programs that I don't have access to.

From the Montreal Gazette:

http://www.montrealgazette.com/news/Alberta+biggest+provincial+spender+transfer+payments/4115079/story.html

Alberta sent $14 billion MORE than it received from the Feds last year ($3685 per person). Over the past six years Alberta has sent in over $102 Billion MORE than they received back. Hard not to question where the money is going....

I completely agree with Sival, Quebec used to be a dynamic, economic power and contributer in the 50's and 60's before all this silly social engineering began.....

Wrong actually. Québec's economy grew faster in the 60s and 70s than in the 50s. Duplessis and the English-speaking Montreal elite domination of Québec's economy was awful economically speaking. Québec has been catching up to Ontario slowly ever since. The difference here is that Alberta has been booming for decades because of the oil underneath its soil, so it's not that Québec has been growing slowly, but that the West, thanks to oil (Alberta, Saskatchewan) and to ports with the world's most dynamic region (Asia) has been booming, growing much more quickly than the East.

And we in Québec pay a lot of taxes to afford what we have. We rely on federal transfers less than most provinces. Singling us out is a sign of a predisposition to attack Québec.

Quote from: ktm525

I think the discussion should stay strictly on Equalisation and not include Federal Health and Social transfers, Immigrant resettlement etc.

I disagree completely. If the federal makes up programs and transfers that addresses issues of certain provinces more than that of others, then if you want to look at what province is "advantaged" or gets the most out of the Federation, then you ought to count them in.

Railton · « **Reply #64 on:** February 25, 2011, 12:16:29 pm »

Wow!
I know what bucket this thread is headed.

Railton

TopGun · « **Reply #65 on:** February 25, 2011, 12:25:33 pm »

Quote from: vdk on February 25, 2011, 10:30:38 am

I answer my own questions...

Not bad..

That's from a downstream perspective that makes you think the entire company is earning a 3% profit margin. What that doesn't show is the profit margin of them getting the stuff out of the ground and selling to themselves (and some others) at the market rate. That's in the 48% part.

ktm525 · « **Reply #66 on:** February 25, 2011, 12:31:49 pm »

I am worried about the price of gas, it is in the crapper right now. As for gasoline well that is another story.

Quebec gets singled out because the population of the Maritimes is insignificant in camparision.

-Nova Scotia: 942k
-New Brunswick: 750k
-Newfoundland: 509k (Probably more Newfies living in Northern Alberta

)
-PEI 140k

Total 2.3 million.

Waaaay off topic now. The Maritimes gets 32 MPs in Ottawa with the above population.

BC with 4.5 million gets 36 and Alberta with 3.7 million gets 28.

Fair?

ktm525 · « **Reply #67 on:** February 25, 2011, 12:33:15 pm »

Quote from: TopGun on February 25, 2011, 12:25:33 pm

Quote from: vdk on February 25, 2011, 10:30:38 am
I answer my own questions...

Not bad..

That's from a downstream perspective that makes you think the entire company is earning a 3% profit margin. What that doesn't show is the profit margin of them getting the stuff out of the ground and selling to themselves (and some others) at the market rate. That's in the 48% part.

That is true for an integrated producer like Suncor but what about a retailer like Safeway or Costco? The only money to be made in gasoline retailling is lotto tickets and smokes.

mwqa · « **Reply #68 on:** February 25, 2011, 12:59:02 pm »

Higher gas prices can only be GOOD!

I read a while ago that getting a gallon of gas to the Afgan 'front' was something like $400 a gallon and that was sparking all sorts of military research into alternate fuels and insulation practices (as they air condition everything over there).

So folks, where the costs are high, alternatives will be found!!

PS $1.34 a litre here in Mtl

vdk · « **Reply #69 on:** February 25, 2011, 01:17:44 pm »

Quote from: mwqa on February 25, 2011, 12:59:02 pm

Higher gas prices can only be GOOD!

I read a while ago that getting a gallon of gas to the Afgan 'front' was something like $400 a gallon and that was sparking all sorts of military research into alternate fuels and insulation practices (as they air condition everything over there).

So folks, where the costs are high, alternatives will be found!!

PS $1.34 a litre here in Mtl

Yeah, it will also drive the economy deep(er) into the crapper... and interest rates up. Fun times those...

Schmengie · « **Reply #70 on:** February 25, 2011, 01:48:18 pm »

C'mon guys, it was a hypothetical question and whether it's feasible or not is beside the point. So far only tpl's answered it, so I'll ask it again. If you're running out of fuel and you have to choose between cheaper gasoline that you know comes from an oppressed, dictatorial country like Libya and more expensive domestic gas, what would you do? I guess what I really want to know is this - does it matter to you where your gasoline actually comes from?

dash · « **Reply #71 on:** February 25, 2011, 02:11:24 pm »

On the presumption that savings is not marginal, then NO, I'm not in the financial position to afford my moral standing on this issue, unfortunately other priorities are more important to me,

TopGun · « **Reply #72 on:** February 25, 2011, 02:47:02 pm »

Quote from: Schmengie on February 25, 2011, 01:48:18 pm

....
If you're running out of fuel and you have to choose between cheaper gasoline that you know comes from an oppressed, dictatorial country like Libya and more expensive domestic gas, what would you do?
....

That question has been answered long ago in Canada - they buy the cheaper anything...despite where they come from.

And no, I'm not saying all the things we buy come from oppressed, dictatorial countries.

Triple Bob · « **Reply #73 on:** February 25, 2011, 02:55:16 pm »

Quote from: TopGun on February 25, 2011, 02:47:02 pm

Quote from: Schmengie on February 25, 2011, 01:48:18 pm
....
If you're running out of fuel and you have to choose between cheaper gasoline that you know comes from an oppressed, dictatorial country like Libya and more expensive domestic gas, what would you do?
....

That question has been answered long ago in Canada - they buy the cheaper anything...despite where they come from.

And no, I'm not saying all the things we buy come from oppressed, dictatorial countries.

I'd buy from Libya, easy. If "domestic" includes the US then look at their global "policing" policies over the last decade, who is really the dictator?

Leviathan · « **Reply #74 on:** February 25, 2011, 03:03:35 pm »

Worried about the price of gas? Not so much. Last fillup was Jan 17 and the gas light only came on yesterday so I'm not consuming enough for it to matter.

dudewhereismycar · « **Reply #75 on:** February 25, 2011, 03:54:59 pm »

Quote from: Schmengie on February 24, 2011, 02:55:25 pm

With the unprecedented popular uprisings in the Mideast, it looks like we're in for yet another 'energy crisis'. A commentator on CBC a couple of mornings ago said that we shouldn't be surprised to see prices go to $1.50 per liter by the summer and even more if this 'unrest' spreads to Saudi Arabia. If that happens 1973 will seem like a cake-walk.

This raises a whole bunch of questions about whether we care where our oil comes from or the long-term ramifications of supporting monsters like Gadhafi and his ilk. We don't seem to give a rat's ass what they do to anyone else including their own people as long as they keep the taps open and leave us alone. The cost at the pump is all most people care about.

mwqa · « **Reply #76 on:** February 25, 2011, 04:09:21 pm »

Quote from: Schmengie on February 25, 2011, 01:48:18 pm

If you're running out of fuel and you have to choose between cheaper gasoline that you know comes from an oppressed, dictatorial country like Libya and more expensive domestic gas, what would you do? I guess what I really want to know is this - does it matter to you where your gasoline actually comes from?

Of course it matters, I always try to buy Canadian. (That assumes that I can identify it as such, which can be quite a problem.)

Will I pay 50% more? Unlikely, but 10%, probably.

Thinking about it, I think people are going to be killed on heating oil prices... I know I was a few years ago and the uncertainty of price fluctuations is very stressful.

dash · « **Reply #77 on:** February 25, 2011, 04:52:23 pm »

Turbo Bob,

"I'd buy from Libya, easy. If "domestic" includes the US then look at their global "policing" policies over the last decade, who is really the dictator?"

Agreed, very interesting point.

Schmengie · « **Reply #78 on:** February 25, 2011, 05:06:48 pm »

Quote from: dash on February 25, 2011, 04:52:23 pm

Turbo Bob,

"I'd buy from Libya, easy. If "domestic" includes the US then look at their global "policing" policies over the last decade, who is really the dictator?"

Agreed, very interesting point.

By domestic, I meant Canadian. And yes, a very interesting point.

Ontariodriver · « **Reply #79 on:** February 25, 2011, 05:56:07 pm »

Re: Anyone worried about the price of gas?

Er no. Not in the slightest...

Author Topic: Anyone worried about the price of gas? (Read 16895 times)

Sival

vdk

Leviathan

dudewhereismycar