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Old 03-29-2012, 10:45 AM   #21
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We have an opportunity to become almost self-sufficient in oil (it may take a few years) and some people tell us that if we increase our supply that much we will be paying more. So in an attempt to save us money at the pump, they print more money to send to foreign countries for the oil our economy needs.

Not only that in another Washington attempt to save you money, you will be getting another surcharge added to fuel for greenhouse gas emissions.

None of this stuff is all that complicated to grasp. You increase the supply to demand ratio price goes D-O-W-N. If gold were as plentiful and available as oil, it would not be well north of $1,000 an ounce.
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Old 03-29-2012, 11:07 AM   #22
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Here on the west coast of Canada, we are around the equivalent of $5.42 a US gallon at the moment. Just wait until the summer demand ramps up. About 1/3 the cost of our gas here in the Metro area is due to taxes. They tax us to death here.

We regularly cross the border into Washington for shopping and try to fill up on gas each time. It saves us a ton of money and we also get a discount from the supermarket we go to.

Can't wait until we are camping in Oregon this summer where it seems like just abut anything is waay cheaper than in Canada plus there's no sales tax. We bought a set of tires for our car there last year and it was 1/2 the cost of the best price in Canada. Maybe we should move there to retire...
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Old 03-29-2012, 11:43 AM   #23
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"We have an opportunity to become almost self-sufficient in oil"
=========================================
I always have to chuckle when I see those claims, as the US "conveniently" always includes Canada's production when calculating that 'self-sufficiency'. Canadian oil is still imported oil.
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Old 03-29-2012, 12:45 PM   #24
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Interesting comment. I've heard before that Canada is a net exporter of oil because of the Alberta Tar Sands (an environmental disaster). If so, why do we have to pay so much for gas? Chinese investors have or have been trying to buy up some of the oil sands. It's like a lot of our raw resources - sell it to whoever the highest bidder is, no matter what the consequences to us are.

And as if gas prices aren't killing us, in BC our electricity rates have been skyrocketing. Our last bill was almost $1,000 for 2 months and that's about 50% more than any time in the past for the same period. Lots of people are finding the same problem and are blaming it on the Smart meters.

If everything keeps going up like this, we might eventually just go find someplace south (preferably in a year round warm climate) to permanently park our TT, collect our pensions and live the rest of our lives out.
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Old 03-29-2012, 01:08 PM   #25
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myredracer, before you head south permanently, you had better check out the cost of health insurance! Few people realise how incredibly expensive american health insurance is. Many Canadians take a lot of things for granted, and forget that it takes taxes to pay for all of the free benefits. Maybe gas taxes don't go directly to pay for health care, but a lot of it is dumped into "general revenues", which does pay for things like health care.
Interesting to hear about your high electricity rates. I would suggest investing in some of the power producers, I own quite a few and they pay me great dividends. That helps offset some of the increasing costs of everyday life.
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Old 03-29-2012, 01:23 PM   #26
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I hear that the US has plenty of supply already it's just the surplus is being shipped to china so the oil companies don't need to lower the cost.
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Old 03-29-2012, 01:26 PM   #27
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sideout, if you are going to post a joke, you should out a behind it!
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Old 03-29-2012, 01:29 PM   #28
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Quote:
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I would suggest investing in some of the power producers, I own quite a few and they pay me great dividends. That helps offset some of the increasing costs of everyday life.
I think you have to apply this quote about your comment. " The rich get richer and the poor get poorer" . You are a fotunate one to be able to invest in the market and make money, but many can't invest simply because they have no money to invest and are having difficulty making ends meet. Simple things, like food and heat. Your comments are well received however, because I suspect most members here are somewhat affluent and can make those choices. Not for long though, if gas prices continue to increase in this artificial, man made crisis called greed.
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Old 03-29-2012, 01:35 PM   #29
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Crocus, I wasn't telling a joke. I don't know if it's true I just posting what I have heard in other conversation. Just trying to add to the topic. I guess I'll just go crawl back into my hole.
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Old 03-29-2012, 01:38 PM   #30
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Rugged, I wouldn't say that we are "fortunate". Both my wife and I worked like dogs all our lives, saved money and invested it.
But you are correct that it seems that many posting here are far from poor, just look at some of the rigs they own. I see a lot of $60,000 trucks here. Then take a look at our old girl, she's 16 years old now.
But you are also correct about the rich getting richer, and mostly on the backs of the poor. Sadly, that is the way it has always been.
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