Oil back to 2010 levels.
06-20-2012, 10:34 PM
#1
Le Mans Master
Thread Starter
Oil back to 2010 levels.
Just did a quick reference check so given the current price per barrel the price per liter should be $.35 to $.40 less per liter. Oil stockpiles are at 22 yr highs yet our price per liter has not really reflected any of this. 
Last edited by gdh; 06-20-2012 at 10:37 PM.
's................
06-20-2012, 11:52 PM
#3
I've had an idea for a while. While we all need gas and a one day boycot of any gas station is a joke. How about we organized a movement that boycotted let's say Shell for a month. Then Esso for a month etc. Can you imagine the chaos it would cause with staffing and food spoiling. I bet they would adjust their pricing!
06-21-2012, 02:53 AM
#4
Drifting
Have you seen the price for casual labour in Calgary or Edmonton?$30 per hour for someone to ride a fancy lawnmower around one of those huge Springbank acreages,the rest of Canada has no choice but to pay for it!
06-21-2012, 09:14 AM
#6
Racer
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The price of oil is only 1 commodity that is traded and thus speculators can affect it's price - but gas itself is another commodity that is traded seperate and speculators are still affecting that price.
I used to think it was all about the price of oil and how every year we would go from .70 to a high of 1.00, then next quarter it would go from .95 to 1.10 and so on until they have us trained now that 1.20 is cheap and 1.5 is the feared new ceiling - and while the price of gas does indeed test new highs and never drop down to old lows it's not on the oil companies for that - it's the commodities market.
I'm sure it's 100 times more complicated then that - but the main point is it's not just about Sheik Abdullah deciding papa needs a new yacht so lets run the price up a few pennies - the same markets many of us build our RRSP's etc with affect the price of gas more significantly.
Dave
I used to think it was all about the price of oil and how every year we would go from .70 to a high of 1.00, then next quarter it would go from .95 to 1.10 and so on until they have us trained now that 1.20 is cheap and 1.5 is the feared new ceiling - and while the price of gas does indeed test new highs and never drop down to old lows it's not on the oil companies for that - it's the commodities market.
I'm sure it's 100 times more complicated then that - but the main point is it's not just about Sheik Abdullah deciding papa needs a new yacht so lets run the price up a few pennies - the same markets many of us build our RRSP's etc with affect the price of gas more significantly.
Dave
06-21-2012, 12:43 PM
#9
Race Director
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The companies can't make new record profits each year if they keep the barrel to finished product pricing the same. And every corporation just ~must~ make new record profits each year or their stocks take a hit and the board gets fired.
I do agree with the market speculators screwing everything up as well. The trading board used to be for oil companies to trade product but the regulators opened up the trading and began to allow speculation driving up both crude and refined costs.
I do agree with the market speculators screwing everything up as well. The trading board used to be for oil companies to trade product but the regulators opened up the trading and began to allow speculation driving up both crude and refined costs.
06-21-2012, 12:47 PM
#10
Drifting
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someone's making allotta extra dough.
wonder why other sectors of the economy are not growing as planned ... this is one of the reasons.
price of gas hurts the average Joe by reducing disposable income.
Americans realize that.
pisses meoff.
wonder why other sectors of the economy are not growing as planned ... this is one of the reasons.
price of gas hurts the average Joe by reducing disposable income.
Americans realize that.
pisses meoff.
06-21-2012, 12:49 PM
#11
Melting Slicks
The price of oil is only 1 commodity that is traded and thus speculators can affect it's price - but gas itself is another commodity that is traded seperate and speculators are still affecting that price.
I used to think it was all about the price of oil and how every year we would go from .70 to a high of 1.00, then next quarter it would go from .95 to 1.10 and so on until they have us trained now that 1.20 is cheap and 1.5 is the feared new ceiling - and while the price of gas does indeed test new highs and never drop down to old lows it's not on the oil companies for that - it's the commodities market.
I'm sure it's 100 times more complicated then that - but the main point is it's not just about Sheik Abdullah deciding papa needs a new yacht so lets run the price up a few pennies - the same markets many of us build our RRSP's etc with affect the price of gas more significantly.
Dave
I used to think it was all about the price of oil and how every year we would go from .70 to a high of 1.00, then next quarter it would go from .95 to 1.10 and so on until they have us trained now that 1.20 is cheap and 1.5 is the feared new ceiling - and while the price of gas does indeed test new highs and never drop down to old lows it's not on the oil companies for that - it's the commodities market.
I'm sure it's 100 times more complicated then that - but the main point is it's not just about Sheik Abdullah deciding papa needs a new yacht so lets run the price up a few pennies - the same markets many of us build our RRSP's etc with affect the price of gas more significantly.
Dave
06-21-2012, 01:09 PM
#12
Instructor
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I've had an idea for a while. While we all need gas and a one day boycot of any gas station is a joke. How about we organized a movement that boycotted let's say Shell for a month. Then Esso for a month etc. Can you imagine the chaos it would cause with staffing and food spoiling. I bet they would adjust their pricing!
Last edited by jimbo2golfgolf; 06-21-2012 at 01:44 PM.
06-21-2012, 01:45 PM
#13
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Start it, send out emails to 20 friends and ask them to send it on to 20 friends and it keeps going, lets start the month of July and Boycott Shell for July, then Chevron for the month of Aug, then Esso for the month of Sep, Petro-canada for the month of Oct and Mohawk (Husky) for the month of Nov, then start again, if you think gas is expensive back east you shold see the prices out here, LETS START NOW.
06-21-2012, 03:30 PM
#14
Melting Slicks
Start it, send out emails to 20 friends and ask them to send it on to 20 friends and it keeps going, lets start the month of July and Boycott Shell for July, then Chevron for the month of Aug, then Esso for the month of Sep, Petro-canada for the month of Oct and Mohawk (Husky) for the month of Nov, then start again, if you think gas is expensive back east you shold see the prices out here, LETS START NOW.
06-21-2012, 10:58 PM
#16
Help Stop Excess Pricing.
Help - Husky
Stop - Shell
Excess - Esso
Pricing - Petro-Canada
July --- Husky
Aug --- Shell
Sep --- Esso
Oct--- Petro Canada
What do you think? Something we can remember?
Help - Husky
Stop - Shell
Excess - Esso
Pricing - Petro-Canada
July --- Husky
Aug --- Shell
Sep --- Esso
Oct--- Petro Canada
What do you think? Something we can remember?
06-22-2012, 11:00 AM
#17
Instructor
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Stop - Shell
Excess - Esso
Pricing - Petro-Canada
Help Me - Husky Mohawk
06-22-2012, 11:48 AM
#18
Racer
You do realise that most parent companies own more than one brand? Boycotting one brand only shifts the income to the other brand. It hurts the owner (franchisee of the station) but not the parent company.
Even when a station is owned by one company the actualy franchisee (owner) of the station prepays for the fuel in their tanks, so in the end you hurt that station owner, not the gas company.
Even when a station is owned by one company the actualy franchisee (owner) of the station prepays for the fuel in their tanks, so in the end you hurt that station owner, not the gas company.
06-24-2012, 09:19 PM
#19
You do realise that most parent companies own more than one brand? Boycotting one brand only shifts the income to the other brand. It hurts the owner (franchisee of the station) but not the parent company.
Even when a station is owned by one company the actualy franchisee (owner) of the station prepays for the fuel in their tanks, so in the end you hurt that station owner, not the gas company.
Even when a station is owned by one company the actualy franchisee (owner) of the station prepays for the fuel in their tanks, so in the end you hurt that station owner, not the gas company.
06-25-2012, 05:24 AM
#20
Melting Slicks
Do you realise that most stations get the fuel from the closest refinery/tank farm? All the major companies have trucks lined up to be filled at the Esso refinery in Nanitocoke.