Housing, Food and now Gas prices are going out of control.

[onomatopoeia]

Gasoline is one of the few tax cash cows that can't be smuggled out of a Native Reserve. Farmers are the only citizens legally allowed to have gas pumps on their own privately owned land.

Besides increasing tax revenue, increased gasoline prices discourage unnecessary travel. One of my worst memories of childhood is having to be a part of the 'Sunday afternoon drive'; my father would pile everyone into the station wagon, then he'd drive on highways for a few hours, not going anywhere in particular, not stopping anywhere, just driving around. If he was asked for the purpose of the excursion, his answer would be "That's what people do". It was worse than having to watch the slide show from the parent's vacation trip.

 

[shack]

Gasoline is one of the few tax cash cows that can't be smuggled out of a Native Reserve. Farmers are the only citizens legally allowed to have gas pumps on their own privately owned land.

Besides increasing tax revenue, increased gasoline prices discourage unnecessary travel. One of my worst memories of childhood is having to be a part of the 'Sunday afternoon drive'; my father would pile everyone into the station wagon, then he'd drive on highways for a few hours, not going anywhere in particular, not stopping anywhere, just driving around. If he was asked for the purpose of the excursion, his answer would be "That's what people do". It was worse than having to watch the slide show from the parent's vacation trip.

AKA, Joy Ride.

 

[Mr.lover]

What really boggles my mind is who was buying that $1m+ house up for sale but ends up paying $200k over asking? When they moved in its hard working people surprisingly enough.

Cost of food going up, well thanks to the trade wars created by the US former admin for that, supply chain issues partly from workers not wanting to work, but the majority of our food is imported, products in the vertical supply chain also sourced from foreign countries but with supply chain issues such as old infrastructure exacerbated the problem, as larger ships carrying more containers cannot be offloaded fast enough, that's why we have tonnes of ships sitting offshore waiting, where do those costs go? Straight to consumers.

Gas prices is also a supply issue with rising chances of war nations start stockpiling, supply and demand.

 

[HEYHEY]

If there is anything that liberal and conservative politicians can agree on - it is taxing the middle class.
We would be paying ~ $0.92 if it was not for provincial & federal taxes. And before you run to your political corners - over the last 10 years were have seen both level of governments switch parties and gas tax has always remained.

April 1st there will be an additional 11 cent per liter increase thanks to trudeau's carbon tax, and then December first we are looking at another 18-20 cents per liter for same reason


$2 a liter before end of the year

Thanks for voting in Mr nice socks everyone, good job

 

[Darts]

How are the Americans doing? They must be out of shale oil by now. Are they an oil importer again?

 

[oral.com]

How are the Americans doing? They must be out of shale oil by now. Are they an oil importer again?

When the bottom fell out of the price for oil pre pandemic, many drillers were up to their necks in debt so there was a lot of consolidation and closures. They are slowly coming back but it’s going to take years for supply to return. At one point Biden released some oil from the strategic reserve to try to increase supply but demand gobbled it up pretty fast.

OPEC is reluctant to increase supply. Venezuela’s oil industry has basically collapsed. Mexico’s output has also fallen significantly. Nigeria, Libya are pumping at there usual rates. Iran sells its oil to China.

Get ready for $100 oil
Just add carbon tax and we will be at $2.00/litre by summer

 

[Darts]

At one point Biden released some oil from the strategic reserve to try to increase supply but demand gobbled it up pretty fast.

Didn't Biden ask the Chinese for some oil?
(144) U.S. Wants Chinese Oil | Toronto Escorts Review Board Forum | Terb

 

[oral.com]

Didn't Biden ask the Chinese for some oil?
(144) U.S. Wants Chinese Oil | Toronto Escorts Review Board Forum | Terb

He’s begging the Saudis. They may throw him a bone, for a few F17s

 

[onomatopoeia]

There's a huge amount of untapped oil just off the coast of Viet Nam in the South China Sea. That was the main purpose of the Vietnam War; if the United States had won that war, all of the big American oil companies would still be over there now. At some point in the future, there will be war in that region again, but it will be the Chinese who will be the invaders, and the USA will be allies of the Viet Namese, largely to prevent China from getting the oil, rather than to acquire it for itself.

Viet Nam is not attempting to tap those reserves now, because seafood fishing in the same area supplies a large part of the country's food. Profits from oil exploration would result in additional costs for imported food, and those costs would have to be paid in a 'hard' currency. That oil isn't going anywhere, and it will be all the more valuable when current producers are tapped out.

Check the map:



That part of the world has been in the tropical zone pretty much since plants first lived on land. The lightest shades of blue are shallow waters. Oil is ALWAYS present in areas that used to be swampy land hundreds of millions of years ago, because oil originates from accumulated dead plant life.

The best fishing grounds are also just off shore, in shallow waters close to a steep drop off into deeper water, just like the Grand Banks off the coast of Newfoundland. That used to be true of the Gulf of Mexico, south of Louisiana, Alabama and Mississippi, until the combination of oil rigs and chemical fertilizers flowing in from the Mississippi river turned much of The Gulf into a dead zone for marine life.

 

[Darts]

There's a huge amount of untapped oil just off the coast of Viet Nam in the South China Sea.

I'm thinking that once we open up the Arctic and the Northwest Passage Canada will have plenty of oil and the ability to move it to market.

BTW: Quebec gets its oil from Saudi Arabia because they don't want an oil pipeline from Alberta.

 

[jonboy1]

Unfortunately Davos Forum think differently and they are the ones calling the shots at the moment.

What COP 26 has shown us, is that the Third World, India, China and Africa, have their priorities, which is pulling over 1 billion people out of poverty, developing healthcare, manufacturing and businesses. That creates an insatiable appetite for energy. Drill, baby, drill!

 

[amlooking]

Time to get a rich wife

 

[curr3n_c1000]

Sorry but oil discovery has been declining for decades.

Drill all you want. Chances are you won't find much. That's the part they are not telling the public.

 

[Ginomore]

Under Trump the USA was a net exporter of oil but the potato head changed that so now they have to buy oil from Saudi Arabia.
Thank the democrats for the current price of fuel.

 

[oil&gas]

We need to stop demonizing the oil and gas industry, stop de investing in fossil fuels and start re investing in them. We will need affordable fuel to survive until the scientists figure out how to transition away from them.

Canada has committed to halt financing to the oil and gas industry. To understand what that really means, watch for the fine print

A global movement to permanently separate the oil and gas industry from the public purse appears to be gaining momentum, with an overarching objective of repurposing funds to promote renewable energy

www.theglobeandmail.com

 

[shack]

Under Trump the USA was a net exporter of oil but the potato head changed that so now they have to buy oil from Saudi Arabia.

That sounds kinda tough to do in just a few months. How did he decrease production that quickly?

 

[Mr.lover]

That sounds kinda tough to do in just a few months. How did he decrease production that quickly?

Easy because people lie @Ginomore says so.. So it must be true! People will believe anything they read or see on TV, even if it's fiction because they are too lazy to do their own research.

They think oil production can shut down by turning off a tap by the government not the actual producers, really think about it for 1 minute. What oil producer will allow the government to shut them down in just a few months or even 2 yrs? Idiots.

 

[oil&gas]

Just like world leaders are blamed for climate change by Greta Thunberg
and her ilk U.S. voters pissed off by escalating gas prices will take it out
on Biden. Doesn't matter if he was not the one who shut off oil production.

 

[oil&gas]

What COP 26 has shown us, is that the Third World, India, China and Africa, have their priorities, which is pulling over 1 billion people out of poverty, developing healthcare, manufacturing and businesses. That creates an insatiable appetite for energy. Drill, baby, drill!

That may explain why climate activists are fine with carbon emission
in the Third World, India, China, Africa along with Russia. Europe, UK,
North America, New Zealand and Australia are the ones to be pushed into
poverty to offset rising oil consumption in the rest of the world.

 

[jcpro]

Just like world leaders are blamed for climate change by Greta Thunberg
and her ilk U.S. voters pissed off by escalating gas prices will take it out
on Biden. Doesn't matter if he was not the one who shut off oil production.

Hold on a second, there. Our own government has done quite a bit to choke the energy sector AND they are all for increasing fuel prices as one of the tools to combat the climate change by reducing consumption through higher prices. And rightfully so, they will take it up the ass from the voters.