You still do not have a clueYou pointed out absolutely nothing except spill some right wing nonsense. The link I posted clearly said that Alberta had failed to invest in refineries for decades. Only recently did they start building a refinery. One hundred percent right. They are banking on oil prices going north of $100 per barrel that the information experts say is a probability. In Canada the oil industry is a monopoly, with very little competition and prices at the pumps for all the different companies fluctuating in tandem with one another. Prove that to be otherwise????
35% of the pump price is tax. That is the reason we pay more
There are probably over 150 publically listed oil companies in Canada with probably at least another 20-30 private companies
The largest Suncor has maybe 10 % of the total production
Lots of different gas stations to buy gas from. I bet there are at least six different brand gas stations within 5 km of where you live
How in the world is that a monopoly?
Re $100 / bbl a probability?
Since it is not a monopoly and the world price is set by ever changing supply / demand dynamics, there is a probability the price may be over $100, however there is also a probability the price maybe $40
USA is using new technology to extract previously unaccusable shale oil and they are pumping a ton of it. Enough to depress the price. These wells can be shut in or started up in a very short period of time depending upon the economics (i.e. the price)
If they are banking on a long term price average of $100 bbl then there is a lot of risk in this project.
You know not what you preach about & you are embarrassing yourself