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Oil rushes above $126 per barrel

JOHN WILEN

The Associated Press

Latest comment posted at 10:56 AM EDT 09/05/08

Crude rises again, this time on prospect of U.S. confrontation with Venezuela; gains in week total almost $10 ...Read the full article

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  1. otto von abbatoir from Los Angeles, United States writes: Seems to me, the USA had done more to drive up the price of oil than anyone else. Easiest way to make us, particularly Americans, use it more efficiently. Gore may get the medals, but methinks his crowning achievement of $12.00/barrel oil, during his tenure as VP, pales besides Bush & Big Dick's ten-fold price increase. Not bad for a country that didn't sign Kyoto. Not that we'll get credit for it. Imagine the price rise increase we'll generate when we bomb Iran and Canada will be one of the principal beneficiaries?
  2. Gold Standard from Canada writes: The inflation is going to get them (Everyone else especially the US of course) and us if we continue to import their inflation by trading in dollars. We cannot trade in a currency that is being destroyed because we could end up in debt tremendously when their paper finally crashes. We are literally destroying our money so we can continue to trade with the US. We should be saving ourselves and not taking on the US debt by devaluing our currency.
  3. Vote NDP in the next federal/ provincial election from Canada writes: The price increases in oil has nothing to do with demand and supply. I hear disgraceful excuses of oil price increases whether computer software, assasintation of Benazir Bhutto...you name it. What next? An employee calls in sick and the price rises. This has got to stop.

    I hope all world countries will impose a price ceiling of no more than $100 per barrel. Given the 'real' supply and demand, oil should be price at less than $100. Never the reverse.
  4. Don Quixote from The sunny Pollution Belt, Ont., Canada writes: otto von abbatoir from Los Angeles, United States writes: Seems to me, the USA had done more to drive up the price of oil than anyone else. Easiest way to make us, particularly Americans, use it more efficiently.

    All of a sudden the rest of the world still grappling with Kyoto issues will be passed by Americans on the left with a cleaner environment, just by the virtue of the market place for fuel.......
  5. Brenda MacFarland from Calgary, Canada writes: Dear Vote NDP,
    If we are going to impose price ceilings, why not just order everybody to drive a Smart Car that is to be built by well paid union workers in an Ontario factory?
  6. Alistair McLaughlin from Canada writes: otto von abbatoir, oil being at $12 a barrel had nothing to do with Gore, or any other politician.
  7. philip Montreal Quebec from Toronto, Canada writes: It's a nice idea to have some control over how many cars could be legally owned or leased depending on how many members in one family (prorata), even though this has nothing to do with the Oil price's hikes today.

    But most of people have one thought in mind: Could the Canadian government or any government in this world help to find alternative way for private transportation/ vehicle? Why can't this high-tech generation of our own in human's history, to invent altogether with Olympian spirit bu using all world resource and talents, for a safe and advanced system to enable those hybrid or solar-power based automobiles to ride on the street?

    I once attended Green Living in Toronto last year, the electric-power based car exhibitors saying the government does not allow the general sales for alternative-power based, like these kinds in electric, yet to the public.

    Maybe you will say, why not take TTC or public transit? But , look at those on strikes and the hard heads from the unions, do you think we could count on this kind of reliability?

    Thanks for your reading, but would appreciate much more if someone could make this voice louder in the parliment and public!
  8. PG Cochrane from Toronto, Canada writes: philip, one weekend strike on the TTC in like 6 years and it is unreliable compared to personal transport? I guess you don't drive at all. In the real world, I've had my personal transportation become unreliable because trucks have rolled over on the 401, a plane has skipped the runway and landed on the freeway, 2 different car dealerships broke 2 of my cars during routine service, some idiot rear ended me, and in general the amount of traffic due to sprawl and more car use has increased making my trips more and more miserable.

    I would say, for urban/suburban commuter travel that more cars/personal transport is NOT what we want regardless of what they run on. It is as short sighted and futile as trying to fix gridlock by adding more lanes/roads.
  9. Roop Misir from Toronto, Canada writes:
    Is there another war breaking out somewhere?
  10. Don Bryant from Calgary, Canada writes: philip Montreal Quebec from Toronto, Canada writes: It's a nice idea to have some control over how many cars could be legally owned or leased depending on how many members in one family

    --------

    Excuse me? You're trying to tell me that you (or someone else) can dictate to me how many vehicles I can own??? I don't think so. That kind of draconian idea is more appropriate to North Korea than to Canada. Even that half-wit with the sobriquet 'Vote Communist in the next federal\provincial election' hasn't made that suggestion and his/her ideas are, at the best of times, ridiculous.

    The number of vehicles that my family owns is a choice that is nobody's business but mine and my wife's. Similarly, the types of vehicles that we choose to own is our business, too - not yours and not anyone else's.
  11. Darren X3 from Toronto, Canada writes: Vote NDP: 'I hope all world countries will impose a price ceiling of no more than $100 per barrel. Given the 'real' supply and demand, oil should be price at less than $100. '

    Hmmm, it seems to me your estimate of the 'correct' price of oil based on 'real' supply and demand keeps going up, and is always about $20 less than the current price. Are you conducting an econometric supply/demand analysis of oil, taking into account depletion of current fields and growing demand from China, or are you just pulling numbers out of your behind? (that's a rhetorical question by the way, I already know the answer :)
  12. The Natrix from Toronto, Canada writes: PG Cochrane from Toronto, Canada'

    Very good points and a good counter for those who view the TTC as truly unreliable.

    Let's face it, the concentration of growth/people/immigrants basically over a few hot spots for a country our size is going to add strain no matter what, including almost any form of transportation (except for walking I guess)
  13. philip Montreal Quebec from Mobility in the air, Canada writes: Wow! I never know my cooment posted will attract two nice responses! I am very honored, even though the two responses do not support what the ideas coming from, maybe it's not read thoroughly and some points were just picked individually.

    I thought any idea being raised shall consider the overall benefit for everyone and aim for long-term / permanent advantages., not merely for individuals nor certain corporations, as the short-term benefit would only bring more headache ahead.

    What I know is selfless idea and actions from each one of us will help the society and this world to be a better one. Like Confucius said, 'Never impose on others with what we do not want to be imposed onto.'
  14. kothar rumbleg from Canada writes: The US driving season. Maybe they should curtail this season somewhat and drive as need to, not because kids get of school and you have to take your family all over the country. The funny thing is they are all crying over what 0.96-1.00 Liter equivalent gas, and yet they have more disposable income (ie. less tax than us canadians) and we are paying $1.25-1.35 equivalent and we have less disposable income and cars cost us even more, yet canadians and europeans still function and drive!
  15. Don Bryant from Calgary, Canada writes: philip Montreal Quebec from Mobility in the air, Canada writes: ' . . . maybe it's not read thoroughly and some points were just picked individually.

    ----

    No, Philip, your post was perfectly clear and understandable. Especially the part that states, 'It's a nice idea to have some control over how many cars could be legally owned or leased depending on how many members in one family.'

    And, presumably, my response is just as clear and understandable: No bleeding-heart lefty half-witted environmentaloonie, or anyone else, is EVER going to tell me how many, or what types, of vehicles I can own.

  16. William J Gillies from Canada writes: Don Bryant from Calgary, Canada writes: 'No bleeding-heart lefty half-witted environmentaloonie, or anyone else, is EVER going to tell me how many, or what types, of vehicles I can own.'

    Own as many as you wish. Just don't drive them, pollute the air I breathe, or emit any global warming CO2. Deal?
  17. No Name Economist With Different Ideas from Let's all be friends!, Canada writes: Why don't we just stop selling our oil on the world market for a bit and use it ourselves for cost plus a reasonable rate of return for the producers, distributors and retailers.
    We will benefit at home and the world price will escalate to astronomical levels and then we will with sell some of our surplus to pay off our national debt.
    No wait that’s what OPEC is doing. It&8217;ll never work. Besides the American&8217;s will invade our country with guns rather than their cheque books.
    Ooh my bad.. but it&8217;s Friday.
  18. Posh Spice from Canada writes: and why is oil a hedge against inflation? when the price keeps rising it will make everything else more expensive therefore raising inflation, stupid investors why couldn't they just invest in something else like hotels and casinos and shopping centres in Dubai. The computer is to blame too for the rising price in oil because in after hours trading, when orders are put through the computer automatically puts a new purchase price which usually goes higher never lower, so technology has to blame for this too!
  19. Gary Dare from Portland, Oregon, Canada, writes: Kothar Rumbleg writes, 'The funny thing is they are all crying over what 0.96-1.00 Liter equivalent gas, and yet they have more disposable income (ie. less tax than us canadians) and we are paying $1.25-1.35 equivalent and we have less disposable income and cars cost us even more, yet canadians and europeans still function and drive!' That's because the former isn't (or at least, no longer) true and in many areas, mostly the high tax, high cost 'blue' states, one can incur tax liabilities at Canadian (Alberta, BC, Ontario) levels. I personally testify to that.

    http://www.newsweek.com/id/106778

    http://www.msnbc.msn.com/id/12753396/

    http://www.msnbc.msn.com/id/21309318/

    http://money.cnn.com/2007/11/28/news/economy/middle_class/index.htm
  20. No Name Economist With Different Ideas from Let's all be friends!, Canada writes: Posh Spice is dead on. She sees it I see it but how do we stop it...
    Ther is just as much oil available to meet our needs on the market now as there was, relatively speaking, when gas sold for 68 cents. It's all based on market speculation..
  21. Don Bryant from Calgary, Canada writes: William J Gillies from Canada writes: 'Own as many as you wish. Just don't drive them, pollute the air I breathe, or emit any global warming CO2. Deal?'

    ------------------------

    Your request is noted, Bill. I'll keep it in mind it when I purchase my new SUV later on this summer. I won't do anything about your request, of course, but I WILL keep it in mind.
  22. Gary Dare from Portland, Oregon, Canada, writes: P.S.: I forgot to add that, besides some costs that are higher or aren't incurred in Canada versus the US, resulting in higher personal debt and negative savings rate down south, folks down here must consume more fuel to get around due to the layout of suburban sprawls and lack of public transit (or in some areas like Chicago, deteriorated public transit).

    http://abclocal.go.com/wls/story?section=local&id=5761158

    http://cbs2chicago.com/local/cta.transit.funding.2.567581.html
  23. Darren X3 from Toronto, Canada writes: Don Bryant: 'Your request is noted, Bill. I'll keep it in mind it when I purchase my new SUV later on this summer. I won't do anything about your request, of course, but I WILL keep it in mind. '
    =============================================
    Of course, this attitude towards the negative externalities of one's actions is precisely why public policy to deter such behaviour is necessary and desirable (for example, a Carbon Tax - which is quite a bit more effective than the silly idea of telling you how many vehicles to own).

    Granted, you live in a province governed by right wing wing-nuts who don't believe that negative externalities exist, (and you sound like such a person yourself), so it may take a bit of time for that inevitable policy change to come about in your neck of the woods.
  24. Winston Smith from Canada writes: The GST collected on retail gasoline must be growing enormously, not to mention the exercise tax they never got around to removing.
  25. Boom town from Calgary, Canada writes: We need to have a big gas guzzling tax.

    We need to give people a financial disincentive to drive huge SUVs unless it's for work.
  26. Peter Stern from Toronto, Canada writes: Don Bryant from Calgary, Canada writes: 'Your request is noted, Bill. I'll keep it in mind it when I purchase my new SUV later on this summer. I won't do anything about your request, of course, but I WILL keep it in mind.' And I'll keep in my mind how you're making me more rich by driving up the value of my oil and gas trust investments with your SUV every time you get hosed at fillup time. And since every litre of fuel is taxed nicely, and since you'll be using way more litres of fuel than me, I'll be blowing you a kiss in my mind for paying a disproportionate amount of tax to lighten my burden every time I pass a gas station.
  27. Sweeney Todd from Oilberta, Canada writes: No Name Economist With Different Ideas from Let's all be friends!, Canada writes: 'Why don't we just stop selling our oil on the world market for a bit and use it ourselves for cost plus a reasonable rate of return for the producers, distributors and retailers.
    We will benefit at home and the world price will escalate to astronomical levels and then we will with sell some of our surplus to pay off our national debt.'

    Ahhh - yet another suggestion for a replay of the Trudeau Lieberals 'National Energy Program' - the 'NEP' of 25 years ago. When you think 'NEP', also think 'ROA' as in 'Republic Of Alberta'.

    NEP = ROA. Believe it.
  28. Sweeney Todd from Oilberta, Canada writes: William J Gillies from Canada writes: Don Bryant from Calgary, Canada writes: 'No bleeding-heart lefty half-witted environmentaloonie, or anyone else, is EVER going to tell me how many, or what types, of vehicles I can own.'

    Own as many as you wish. Just don't drive them, pollute the air I breathe, or emit any global warming CO2. Deal?

    There's yer problem, Willy. Very few people out here CARE what the ROC thinks. You may not like it, but that's a fact. And Alberta has the oil, economy, and high-paying jobs to back it up. And 'deal or no deal', that's just the way it is.
  29. Free Thinker from Canada writes: Peak Oil is here. Meaning...

    'the world has used half the oil available to extract and will enter a permanent decline, even as world energy demand is rising, with new economic powerhouses China and India growing at an alarming rate. Peak oil does not mean we are on the verge of running out of oil; the overriding implication is that we are entering a period of relentlessly rising prices and ultimate shortfalls. This is ominous for economies and for individuals facing a seeming perfect storm of hardships financial and otherwise.'

    http://www.peakoil.com/article38360.html

    ===
  30. Seb D from Ottawa, Canada writes: Don Bryant: Do you ever have anything to say other than 'ME, ME, ME'?

    You can drive whatever you want, even if it only does 2 miles per gallon. At $1.23 a litre, it's going to cost you.

    It's a great thing, supply and demand.
  31. Gary Dare from Portland, Oregon, Canada, writes: Winston Smith writes, 'The GST collected on retail gasoline must be growing enormously, not to mention the exercise tax they never got around to removing.' And the provincial levies as well. But at least we are collecting enough taxes in Canada toward our spending, while even the most expensive gas in the US, in California, is not taxed enough ...

    http://money.cnn.com/2008/05/07/news/economy/teacher/index.htm
  32. D K from Canada writes: ' Don Bryant from Calgary, Canada writes:
    Your request is noted, Bill. I'll keep it in mind it when I purchase my new SUV later on this summer. I won't do anything about your request, of course, but I WILL keep it in mind.'

    As long as you don't whine about how much it costs to fill up go ahead :).
  33. C. M. from London, Canada writes: philip Montreal Quebec from Toronto, Canada ... solar powered cars wouldn't get a mouse through a desert and your green buddies at the show were taking you for a fool by telling you the gov stopped them from selling the cars.

    Don Bryant your business ends where my nose begins but thanks for making me 10 % this morning on my oil junior investments !! Step on that SUV gas pedal Sucka...don't put your blues where your shoes should be. Alabata should be sucked dry in no time and we won't have to listen to any more freeze in the dark comments.
  34. Sweeney Todd from Oilberta, Canada writes: C. M. from London, Canada writes:

    'Alabata should be sucked dry in no time and we won't have to listen to any more freeze in the dark comments.'

    The oil sands are HUGE. I'm afraid you'll not be hearing the end of 'freeze in the dark' any time soon.

    In the meantime, feel free to satisfy your energy needs from any one of the environmentally aware, democratic, 'women-are-a-notch-below-livestock' countries in the middle east.
  35. Alastair james Berry from Nanaimo BC CANADA, Canada writes:
    The higher the price of crude rises the more likely COAL will make a comeback on VANCOUVER ISLAND.

    There is a vast coal bed under the Georgia Strait/Puget Sound, awaiting re-development.

    Vancouver Island is already in a depression with the Paper mills bankrupt,sawmills closing or on short time,the salmon fishery virtually dead and the herring fishery not even producing 'quota' catches, a heavy machinery business has closed, tourism is down, ferry fares transit and hydro headed up...Pink slips being handed out at the university college and schools closing and housing sales are slow.

    Our coal is bituminous and is good for power generation,coking, coal gas production and a Coal to Liquids, with gassification, industry!

    When the tar sands become UNECONOMIC for further development our VANCOUVER ISLAND COAL FIELDS AWAIT!!

    Australia's coal port, NEWCASTLE, is said to have 40 colliers , at anchor in the roads, awaiting loading.

    We need entrepreneurs, with vision and money, to tap into the wealth that lies under Nanaimo.
  36. Lance M from Canada writes: I doubt very much there will be a need for government to step in and restrict vehicle use or impose extra taxes for burning fossil fuels. The market will take care of that in a very pronounced way, making Canadians choose between eating and driving. We use 10 barrels of oil a year in Canada each for our food supply and 9 for transportation, I think eating will win out in the end and driving will have to take a backseat to it. Then again, if diesel costs become too prohibitive, truckers might not even deliver the groceries or pharmaceuticals then we will have a collective problem that might require intervention from government. The world is changing, the oil age is beginning to end, and like all changes of age in the world there will be a shake up to accompany it, this one will land us in a Greater Depression for 10 plus years as the economy contracts from diminishing energy resources and we are forced to retool to a manual labour type economy that is local and regional rather than global. We'll still have some nuclear power and refridgeration, we'll have advanced medicine and high education but it will cost more and be available to less. Airlines will be swatted from the sky and the farther a house is from the cores of activity and/or food production the less its value will be, ie the suburbs will largely become the slums. It's not a pleasant picture but I doubt any of what has been written here will resonate, reason does not work with almost any addict and we're all addicted to fossil fuels and will likely have to land face first in the gutter before we can pick ourselves up as a society and start anew, it's gonna be painful.
  37. Lance M from Canada writes: This bit of information is for you Sweeny Todd. The process of creating syncrude requires 5 days of home heating worth of natural gas to create one barrel of syncrude oil. Natural gas peaked in North America 7 years ago and is set to fall of a cliff in supply in 2 years time. Further, Canada sends 55% of its natural gas south to the US as per NAFTA stipulations and natural gas is a key component to creating nitrogen fertiziler to growing food. Something will have to give, food, heat or the car. I wonder which one people will choose to give up first? Lose the other 2 and your'e dead, especially in a Canadian winter. The tar sands have made Alberta a major have province, but the natural gas situation will take that all away just as quickly. We're trapped and have no way out, it's gonna hurt.
  38. Bob Van Derlay from Toronto, Canada writes: Lance, the first tar sand plant made synthetic crude and used no natural gas and imported no electricity or any other othe fuel. Tar sand plants under design do not need to use natural gas.
  39. pierre lefebvre from Brossard, Canada writes: USA will go the distance to take control of oil production anywhere worldwide. Hillary wants to declare war to Iran after Bush did to Iraq. Venezuela is next and only Russia will oppose efficiently this very strong avid trend of USA power. Who is on the evil side?
  40. Mark Holman from Chatham, Canada writes: Oil is not up....the USD is down. When you debase your currency then hard assets will rise to compensate for the worthless dollar. The US has trillions (with a T) worth of obligations to pay and are tanking their currency to pay those bills. Hyperinflation is next on the agenda in the years to come.
  41. Sweeney Todd from Oilberta, Canada writes: Lance M from Canada writes:

    'This bit of information is for you Sweeny Todd. The process of creating syncrude requires 5 days of home heating worth of natural gas to create one barrel of syncrude oil.'

    There is no process requirement for natural gas in the oil sands. You could just as easily use coal or nuke to produce steam for process and electrical power purposes. There are centuries of coal reserves left. As long as we can boil water to make steam using coal or nuke we can make cheap & reliable electricity we can drive anything we need, as well as a great deal of what we want. So people won't likely be able to fly-off to Mexico or Vegas a couple of times a year? Hardly 'life threatening'.
  42. Brenda MacFarland from Calgary, Canada writes: Dear Alastair Berry, Re:The higher the price of crude rises the more likely COAL will make a comeback on VANCOUVER ISLAND. Right on. I just used some of my Alberta profits to buy land in Comox. I did it because almost everything you need to eat is right there: Fish, seafood, berrys, longer growing seasons and of course, wine. Plus heating can be by geothermal heat. Now I find out that we are sitting on all this coal. Yippie!! I expect huge migration to the island in the next 15 years. The Boomers are coming. The tree huggers will only be able at best to delay development. I have been to Queensland,Australia many times and it is booming...80% of China's coking coal comes from Australia. The Oz boomers are all selling up in Sydney and retiring North in Queensland. Just like the Alberta migration to BC. Just wait yor time is coming. Whille I am on this topic .. we can argue about peak oil and if we are running out of oil til the cows come home, but I would not bet against it. The party is over and the result is not a short mild USA slowdown. Can we spell ' The Decline of the American Empire?'. How do folks behave when deprived of scarce resources? I doubt that the USA is going to quetly move over for China to grab a bigger share of resources. I think we need to watch our back a little.
  43. Free Thinker from Canada writes: Lance M is simply telling it like it is. His vision of the future will almost certainly come true. It is bleak, it is disturbing, it is dark, but it is the most likely kind future we face.

    The reason is Peak Oil, the most important event in the history of industrial civilization. Peak Oil has likely already happened, whereas most people have never heard of it. It means that we are now running out of cheap oil (notice the rapid run up in oil prices over the past two years!).

    Oil production will soon begin to decline. This is a well known geological fact.

    For example, North Sea oil production peaked in 1999. It then began to decline. It is currently declining at a rate of 10% per year.

    World oil production will do the same in a few years, or perhaps sooner. The decline in world oil supply may be steep, perhaps as much as 5% to 10% per year. This will cause an enormous shortage of energy and an unprecedented energy crisis. We are currently unprepared and we will not be able to adapt fast enough to avoid the very serious consequences of oil depletion.

    ---- continued ---->
  44. Free Thinker from Canada writes: The world currently produces about 84 million barrels of oil per day. Even a very modest 2% decline amounts to a shortfall of 1.7 million barrels per day. Consider that a mere 40,000 barrels of oil per day produce the energy equivalent of a 1,000 megawatt nuclear power plant. Losing 1.7 million barrels of oil per day would require the construction of 42 new nuclear power plants to replace the lost energy. Each year the additional decline in oil production would require yet another 40 new nuclear power plants to be built. This is clearly impossible.

    Oil production from the oil sands will never scale up to the magnitude required to replace conventional oil. It requires an investment of 10 to 20 billion dollars and 10 years of construction just to built a plant to produce 100,000 barrels per day. That is a tiny drop in the bucket compared to the oil production we are going to lose in the coming oil decline.

    Wake up. The Washington Post had an editorial on the subject a few days ago. It predicts dire consequences if we do not act:

    http://tinyurl.com/4hex85

    ===
  45. Winston Smith from Canada writes: Mark Holman from Chatham, Canada writes: Oil is not up....the USD is down.

    Oil is up in every major world currency.
  46. Sweeney Todd from Oilberta, Canada writes: Free Thinker from Canada - I would suggest that oil is NOT NEARLY all of the fuel used in power generation. Your example is simplistic, and does not represent the real world. It makes it sound as if the lights are going to go out everywhere - forever - if there's a dip in the oil supply. This is nonsense. The article is not written by anyone with a technical or engineering background.

    The use of natural gas IS a significant fuel used for power generation, and that is just simply madness. Not to mention ferociously expensive. Coal & nuke can easily replace the oil/gas portion of electric power generation. Coal can also be utilized in for boilers at various manufacturing & process plants, institutions (hospitals, prisons, universities, military bases, etc). Indeed, coal was THE fuel up until about 50 years ago. Individual houses were heated by coal. There are STILL a couple of manufacturers of residential-sized coal boilers in the US. Not nearly their main product line anymore, but you can still buy them.

    Nobody in this country - or the US - is going to starve, or freeze to death in the dark.
  47. Gold Standard from Canada writes: Sweeney Todd from Oilberta, Canada writes: No Name Economist With Different Ideas from Let's all be friends!, Canada writes: 'Why don't we just stop selling our oil on the world market for a bit and use it ourselves for cost plus a reasonable rate of return for the producers, distributors and retailers.
    We will benefit at home and the world price will escalate to astronomical levels and then we will with sell some of our surplus to pay off our national debt.'

    Ahhh - yet another suggestion for a replay of the Trudeau Lieberals 'National Energy Program' - the 'NEP' of 25 years ago. When you think 'NEP', also think 'ROA' as in 'Republic Of Alberta'.

    NEP = ROA. Believe it.
    __________________

    Boy you are a pompous a$$, first off we are importing oil from overseas which is a security risk, we are buying the oil from you not taking it. Are you some sort or idiot? There will be NO ROA believe that and soon you will be out of water over the next few years. Then you will be coming back to us looking for water. We should just let you guys have NONE just like you do to us.

    On top of that, all those wonderful oil profits you are getting from selling it to America exclusively are for the "soon to be absolutely worthless" US dollars (they are worthless already) then you "Texan Canadians" will be coming back cowboy hat in hand to eastern Canada (just like prior to the energy boom) for our dollars because you will be wiping your butts with America's printed paper. I can't wait for the day the cockiness is wiped from your faces.
  48. Sweeney Todd from Oilberta, Canada writes: Gold Standard from Canada - I'm simply telling you what the reaction is, here in AB, regarding suggestions like those made by Free Thinker. His post outlines the exact gist of Trudeau's NEP. It kicked-off a decade-long downturn in AB that absolutely devastated the economy of this province. If you think something like it will just simply be imposed on AB again, without a fight, it is you who are the "pompus a$$/some sort of idiot", sir.

    So stop buying oil from the mid-east - build a pipeline, and upgrade your refinery operations to handle the heavy crude from Ft. Mac. Nothing would please me more.
  49. Gary Dare from Portland, Oregon, Canada, writes: Lance M writes, "The market will take care of that in a very pronounced way, making Canadians choose between eating and driving." Markets can be self-correcting if left alone. Saturday's Oregonian reported that gasoline sales in this state dropped in April for the first time. The KATU (ABC) and KGW (NBC) traffic reporters ran pieces last week on a slight drop in Portland rush hour volume that they are seeing, with rush hours ending sooner (tailing off more quickly, right after 8 AM and 6 PM). The New York Times has reported that mass transit ridership is rising across the US. We should expect to see similar reports in Canada for the TTC, STCUM, Calgary and Edmonton LRT's, etc.

    http://www.nytimes.com/2008/05/10/business/10transit.html
  50. Brenda MacFarland from Calgary, Canada writes: There will be NO ROA believe that and soon you will be out of water over the next few years. Then you will be coming back to us looking for water. We should just let you guys have NONE just like you do to us.
    Maybe not ROA but certainly a ROWC (Republic of Western Canada) For 4 decades Alberta has been populated by people from Saskatchewan, BC gets much of its migration from Alberta. Have you looked at a map of BC, Alta And Sask? We have trees,water, Hydro, uranimum, oil, potash, about a 500 year supply of coal, 50% of all agricultural land in Canada is in Sask. . Leaving behind the old hated NEP stories, do you think we were not aware that eastern Canada was quite happy to import middle Eastern oil instead of Alberta oil when the price of oil was $12.00 a barrel?
  51. Gold Standard from Canada writes: Brenda MacFarland from Calgary, Canada writes: There will be NO ROA believe that and soon you will be out of water over the next few years. Then you will be coming back to us looking for water. We should just let you guys have NONE just like you do to us.
    Maybe not ROA but certainly a ROWC (Republic of Western Canada) For 4 decades Alberta has been populated by people from Saskatchewan, BC gets much of its migration from Alberta. Have you looked at a map of BC, Alta And Sask? We have trees,water, Hydro, uranimum, oil, potash, about a 500 year supply of coal, 50% of all agricultural land in Canada is in Sask. . Leaving behind the old hated NEP stories, do you think we were not aware that eastern Canada was quite happy to import middle Eastern oil instead of Alberta oil when the price of oil was $12.00 a barrel?
    ______________________

    You have to let go of the old propaganda. If you have a pipeline over here you are not going to lose money. You will have better money because the American dollar is finished..we can save ourselves if we smack our government and tell them to save the dollar. Stop following the USA down. You people have gown quite an ego just because you were "lucky" enough to just have oil under your ground. Having oil doesn't make you great especially if most of you have this attitude. It was not to long ago when Alberta was a have not and were getting money from US.
  52. Gold Standard from Canada writes: Brenda MacFarland from Calgary,

    Prior to all of these "trade deals" that sucked the value of our labor away WE in the east were the productive part of Canada and that begun to end in the 70's and Quebec didn't make the dollars fall from the Gold standard any better with the stupid language laws but thats another story. So Just keep an eye on all those resources you are destroying to create that oil and support the over population.

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