Fuel Rants & Raves
Due to a proliferation and duplication of fuel/gas threads, we ask your cooperation in posting all gas/fuel rving topics here, within this thread: Fuel Rants & Raves - Post 'Em Here! Thanks. :)
Forum Discussion
Western Canada has enormous oil and gas reserves, you would think fuel prices would be cheaper here than they are. Yet Canadians flock to the US for cheap fuel. Before we headed south for the winter, Diesel cost 1.45 per liter in Surrey BC and 1.00 or less per liter in WA. Here in Arizona we filled up yesterday for 3.67 a gallon or approximately .95 per liter. The US has some of the cheapest fuel prices in the world unless you want to compare with countries like Venezuela where gas is almost free. That comparison is useless though without comparing living standards and opportunities.
In my opinion the problem is globalization. Money knows no borders. Corporations are run by people who have only one goal, that is to be profitable and to earn performance bonuses. Investors, whether individuals or pension funds, have only dividends or capital gains as a goal.
Canada's oil and Gas reserves are owned by many corporations including government owned ones from Malaysia and China. Those countries are sitting on trillions of US dollars in reserve and are shopping for North American corporations that would serve their national interests. Our governments are all living beyond their means and are salivating at the thought of royalties on exports to Asia. At the moment Canada has only 1 customer for its resources and that is the USA. The problem for Canada with that relationship is that the agreement sells our resources for 30% below world price effectively costing our governments royalties and our corporations revenues. China is moving away from coal and is willing to build refineries in China and will buy our raw Bitumen for world price plus a hefty premium as well as all the LPG we will sell them.
At the end of the day Canadians are pretty much opposed to a pipeline sending raw bitumen across British Columbia. Americans are opposed to a pipeline to the Gulf of Mexico. This leaves our governments with a pipeline across the country to the Atlantic, or north to the Arctic Ocean. Canada has the gift of centuries worth of oil to fuel the world, but is cursed with geography and how to get it to market.
Bottom line is follow the money. Our governments are in bed with the big corporations. They smell tons of money and are advertising the benefits to come relentlessly every day in an attempt to convince people. Money will find the path of least resistance, palms will be greased, a pipeline will be built, fortunes will be made and we North Americans will all be poorer for it.
Just my 2 cents worth, thanks for listening, felt good to get that off my chest
In my opinion the problem is globalization. Money knows no borders. Corporations are run by people who have only one goal, that is to be profitable and to earn performance bonuses. Investors, whether individuals or pension funds, have only dividends or capital gains as a goal.
Canada's oil and Gas reserves are owned by many corporations including government owned ones from Malaysia and China. Those countries are sitting on trillions of US dollars in reserve and are shopping for North American corporations that would serve their national interests. Our governments are all living beyond their means and are salivating at the thought of royalties on exports to Asia. At the moment Canada has only 1 customer for its resources and that is the USA. The problem for Canada with that relationship is that the agreement sells our resources for 30% below world price effectively costing our governments royalties and our corporations revenues. China is moving away from coal and is willing to build refineries in China and will buy our raw Bitumen for world price plus a hefty premium as well as all the LPG we will sell them.
At the end of the day Canadians are pretty much opposed to a pipeline sending raw bitumen across British Columbia. Americans are opposed to a pipeline to the Gulf of Mexico. This leaves our governments with a pipeline across the country to the Atlantic, or north to the Arctic Ocean. Canada has the gift of centuries worth of oil to fuel the world, but is cursed with geography and how to get it to market.
Bottom line is follow the money. Our governments are in bed with the big corporations. They smell tons of money and are advertising the benefits to come relentlessly every day in an attempt to convince people. Money will find the path of least resistance, palms will be greased, a pipeline will be built, fortunes will be made and we North Americans will all be poorer for it.
Just my 2 cents worth, thanks for listening, felt good to get that off my chest
