Daily Topics - Wednesday April 18th, 2012

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shawnt56's picture
shawnt56
Joined:
Jul. 31, 2007 3:01 pm

Comments

Re gas prices and 'Drill Baby Drill';

I just filled up in Ontario Canada at about $1.35 / Litre; you have about 4 Litres to your gallon and our dollar is even or above the US$ now.

So, Not sure about the exact numbers but Canada is definitely a net exporter of oil and gas, so if drill baby drill is the solution, we should have a lot cheaper gas than you do. Yes our taxes are higher, but the oil we pump goes to the world market at the world price, then we pay the world market price for what we use. Our oil will flow down the Keystone Pipeline to the world markets too, making more money for the multinationals. Neither the pipeline nor drilling under wildlife refuges will have an impact on gas prices.

Pushing for new drilling leases? The multinational oil companies (just what / where is an 'American' oil company?) have huge areas banked that they haven't drilled. To give them more is simply giving them assets that they can show on a balance sheet and you wouldn't see oil from any new areas until they are good and ready and figure they can get top dollar.

So, if drilling is the answer, how come my Canadian gas still costs more than milk?

By the way, our own little neo-con Harper and crew are gutting our environmental assessment apparatus so things like the Gateway pipeline to feed China will get rapid approvals.

Rick in Canadia

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Rick in Canadia
Joined:
Jul. 31, 2007 3:01 pm

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