www.gasgouge.ca: The Rip-off Continues...

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Lard Tunderin Jeezus Lard Tunderin Jeezus's picture
www.gasgouge.ca: The Rip-off Continues...

 

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

Prices have dropped because the protests had started. But the profiteering goes on and on...

quote:

With today's crude oil price of $64.97 USD per barrel and the US dollar at $1.06 CAD, the price of regular unleaded gasoline in Toronto should be 85.7ў per litre at normal profit margins.

At a price of $1.07 per litre, you are paying 21.3ў per litre in pure excess profit. Across Canada, an extra margin of 21.3ў per litre generates an additional profit of 21.3 million dollars per day.


sgauvreau

BURN THEM ALL TO THE GROUND!!!!

Michelle

Uh...

Hands up if you see anything wrong with that plan. [img]wink.gif" border="0[/img]

quelar

Is it that you don't want to be too close so you don't singe your eyebrows?

siren

The problem is that it would contribute massively to global warming ...

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

quote:


Your gas prices are 4.6ў per litre above the normalized cost of $1.18 per litre in Toronto
4.6ў

With today's crude oil price of $116.53 USD per barrel and the US dollar at $1.01 CAD, the price of regular unleaded gasoline in Toronto should be $1.18 per litre at normal profit margins.

At a price of $1.23 per litre, you are paying 4.6ў per litre in pure excess profit. Across Canada, an extra margin of 4.6ў per litre generates an additional profit of 4.6 million dollars per day.


...or something in the range of 1.679 billion dollars [b]in excess profits annually.[/b]

Boom Boom Boom Boom's picture

A liter of gas is $1.55 here, due to our isolation, and that the dealer has to use a large fishing boat to get to the mainland for a supply, and pump gas into large barrels, which in turn have to be pumped into the main holding tank here. It's expensive to use the boat to get gas, and then there's the labour involved, and the high price of gas in the nearest community to start with. All winter we were paying $1.43/liter.

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

...and it continues:

quote:

With today's crude oil price of $133.66 USD per barrel and the US dollar at $1.02 CAD, the price of regular unleaded gasoline in Toronto should be $1.31 per litre at normal profit margins.

At a price of $1.34 per litre, you are paying 3.3ў per litre in pure excess profit. Across Canada, an extra margin of 3.3ў per litre generates an additional profit of 3.3 million dollars per day.


HeywoodFloyd

My pension funds and O&G investments thank all you drivers for ensuring that my retirement will be sooner than anticipated.

remind remind's picture

quote:


Originally posted by HeywoodFloyd:
[b]My pension funds and O&G investments thank all you drivers for ensuring that my retirement will be sooner than anticipated.[/b]

My how progressive of you heywood! [img]rolleyes.gif" border="0[/img]

HeywoodFloyd

I'll feel as bad as the Ontario Teachers Pension Plan, the CPP, and all of the other funds that give our social safety net its strength, tyvm.

remind remind's picture

quote:


Originally posted by HeywoodFloyd:
[b]I'll feel as bad as the Ontario Teachers Pension Plan, the CPP, and all of the other funds that give our social safety net its strength, tyvm.[/b]

Frankly, I was not talking about your investments, but your attitude in saying that, and indeed ditto for this 1 of yours too...considering you apparently did not think there was anything amiss in your baiting, laced with smugness.

Fidel

But how Can progressive Americans get prices for gasoline bumped up to Canadian rates in that country if big energy companies, mostly foreign-owned and controlled, are shovelling [i]our[/i] oil and gas [i]their[/i] way for a song? Environmentally responsible Americans are forced to consume cheap Canadian fossil fuels, so where's the free market benevolence in that? I ask you!!

HeywoodFloyd

quote:


Originally posted by remind:
[b]

Frankly, I was not talking about your investments, but your attitude in saying that, and indeed ditto for this 1 of yours too...considering you apparently did not think there was anything amiss in your baiting, laced with smugness.[/b]


I do feel smug. By choice I don't own a car and take public transit. I live the life that more people should. So all that money that I could be paying for gas I can spend on more worthwhile things, like investments and charities.

I don't whine about the price of gas. I just don't buy it.

It's like three card monte or Global Thermonuclear Warfare. The way to win is not to play

Fidel

quote:


Originally posted by HeywoodFloyd:
[b]It's like three card monte or Global Thermonuclear Warfare. The way to win is not to play[/b]

But what if you're forced to consider playing when the Gladio gang haunts up some bogus evidence that your country, or the one next door, is buying yellowcake from Niger? HA! It's not so easy now, is it? As Sr Strangelove said about nuklear deterrence, it's all about creating in the minds of the enemy the FEAR TO ATTACK!!!

And it's the same thing only different when fossil fools hand cheap fossilular fuels to the most oil-dependent economizers in the world. Like junkies addicted to crack only different, they can't help themselves down thataway. So I think it's up to Alberta and the feds to stop supplying them with cheap stuff. It's our Puritannical moral obligation to the environment as well as the rest of the world.

eta: Slapping taxes and higher royalties on dwindling natural resources and oil profits hemorrhaging from Canada would be perfectly valid and legal free market mechanisms for dealing with ya-know. Just ask Putin and the Russians who told Exxon-Mobil to payola or go fly a kite over Sakhlin Island.

[ 17 June 2008: Message edited by: Fidel ]

HeywoodFloyd

Gladio. Isn't that the nine billionth time today you've mentioned it?

what's the next buzzword that will fill all your posts? Or will you fall back to that old canard "Infant Mortality". Maybe even back to some "Chariots of the Gods" or other Von Daniken references?

kropotkin1951 kropotkin1951's picture

There is something particularly endearing about a human who acknowledges the problems with burning gas and then invests in it to retire.

Sort of like the heroin dealer who doesn't use. Strangely most people think a dealer of addictive drugs who doesn't use is the lowest form of life on the planet.

remind remind's picture

quote:


Originally posted by HeywoodFloyd:
[b]I do feel smug. By choice I don't own a car and take public transit. I live the life that more people should. So all that money that I could be paying for gas I can spend on more worthwhile things, like investments and charities.[/b]

Good for you heywood, your gracious demeanor is well noted.

quote:

[b]I don't whine about the price of gas. I just don't buy it.[/b]

Some people need to, you know to heat their homes, run their commercial fishing boats, work vehicles, and yes htere has to be work vehicles for a good many small businesses, trains, and all that you know heywood.

This needless gouging impacts those who can little afford it, so please do keep on giving YOUR, exploited from all of Canadians resources, money, to charities.

quote:

[b]It's like three card monte or Global Thermonuclear Warfare. The way to win is not to play[/b]

Your short sightedness is mind boggling.

kropotkin1951 kropotkin1951's picture

Actually if you buy stocks in oil companies then you are in fact buying oil even if you don't buy much yourself. Your own words prove you are a two bit low end oil pusher gloating over the size of his profit.

I admit to having an oil addiction and am doing what I can to lessen it however I refuse to deal in the trade. I'll buy investments based on ethical considerations not just the highest return. For much the same reason I don't invest in the arms trade either.

HeywoodFloyd

quote:


Originally posted by remind:
[b]Some people need to, you know to heat their homes, run their commercial fishing boats, work vehicles, and yes htere has to be work vehicles for a good many small businesses, trains, and all that you know heywood.[/b]

When less of us use oil friviously, the price will drop for those who really need it to make a living.

Fidel

quote:


Originally posted by HeywoodFloyd:
[b]Gladio. Isn't that the nine billionth time today you've mentioned it?[/b]

You Albertans are just mad because OECD economists have suggested publicly to Flaherty and stooges in Calgary that they stop being fossil fools with the oil and gas.

remind remind's picture

quote:


Originally posted by HeywoodFloyd:
[b]When less of us use oil friviously, the price will drop for those who really need it to make a living.[/b]

Oh, do you really believe that? How sweet! [img]rolleyes.gif" border="0[/img]

scooter

quote:


Originally posted by Lard Tunderin' Jeezus:
[b]Prices have dropped because the protests had started. But the profiteering goes on and on... [/b]

Profiteering?!!? Explain to me how Venezuela and other countries that have/are about to nationalize their oil industries are profiteering?

You want companies like Pemex and Petrуleos de Venezuela to subsidize our extravagant lifestyle?

Fidel

quote:


Originally posted by scooter:
[b]You want companies like Pemex and Petrуleos de Venezuela to subsidize our extravagant lifestyle?[/b]

Who's living an extravagant lifestyle? With just one finger, I can count the number of countries burning up 20 million barrels of oil/day.

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

gasgouge.ca wrote:
Your gas prices are 6.6¢ per litre above the normalized cost of 75.1¢ per litre in Toronto

With today's crude oil price of $42.89 USD per barrel and the US dollar at $1.26 CAD, the price of regular unleaded gasoline in Toronto should be 75.1¢ per litre at normal profit margins.

At a price of 82.0¢ per litre, you are paying 6.6¢ per litre in pure excess profit. Across Canada, an extra margin of 6.6¢ per litre generates an additional profit of 6.6 million dollars per day.

...which annualized becomes a gouging of 2.4 billion dollars. Makes our subsidies to the auto industry look pretty trivial by comparison, doesn't it?

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

gasgouge.ca wrote:
With today's crude oil price of $37.39 USD per barrel and the US dollar at $1.25 CAD, the price of regular unleaded gasoline in Toronto should be 70.3¢ per litre at normal profit margins. At a price of 80.6¢ per litre, you are paying 9.8¢ per litre in pure excess profit. Across Canada, an extra margin of 9.8¢ per litre generates an additional profit of 9.8 million dollars per day.

Or some three billion, five hundred and seventy-seven million dollars annually - in excess profits, profits they themselves claim are over-and-above industry average.

Fidel

Yanquis are paying about 15 cents a litre less in Sault Michigan compared to prices on the Canadian side of the river.

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

Quote:
Your gas prices are 5.6¢ per litre above the normalized cost of 95.2¢ per litre in Toronto

With today's crude oil price of $78.84 USD per barrel and the US dollar at $1.07 CAD, the price of regular unleaded gasoline in Toronto should be 95.2¢ per litre at normal profit margins.

At a price of $1.01 per litre, you are paying 5.6¢ per litre in pure excess profit. Across Canada, an extra margin of 5.6¢ per litre generates an additional profit of 5.6 million dollars per day.

Of course, Stephen Harper would much rather run massive unsustainable deficits than tax these pirates.

 

Le T Le T's picture

Quote:

Of course, Stephen Harper would much rather run massive unsustainable deficits than tax these pirates.

 

 

How dare you suggest the T-word you no-good, Pinko, Commie, Terrorist! You probably don't support massive subsities to oil and gas either you traitor.

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

The Harper Conservatives are currently shipping an additional 2+ billion dollars annually in excess petro-profits to their corporate masters in Houston, and another $5 billion of the Canadian tax base to their political masters in Washington.

If only they served Canada as well, eh?

 

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

Just a reminder: Thanks to our high prices and our high flying Loonie, we're currently sitting at 6.39¢ above the 'normalized' cost claimed by the oil companies at the pumps, which translates to an annualized gouging of 2 billion 332 million dollars from Canadian consumers this year.

There'll be bonuses all around in the board rooms of Texas, no doubt.

Fidel

As long as the Americanos have cheaper gasoline than us frozen hosers, it's what really matters. What's our's is their's and what's their's is their's. It goes without saying.

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

...and the big gouge grows ever bigger. We're currently paying 7.6¢ per litre above the industry's claimed 'normalized cost' - or an annualized involuntary subsidy of 2.77 billion dollars to Mr. Harper's puppetmasters.

thorin_bane

But look at the gun registry or adscam...no boondoggle here.

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

With today's crude oil price of $88.94 USD per barrel and the US dollar at 99¢ CAD, the price of regular unleaded gasoline in Toronto, Ontario should be $1.05 per litre at normal profit margins.

At a price of $1.23 per litre, you are paying 18¢ per litre in pure excess profit. Across Canada, an extra margin of 18¢ per litre generates an additional profit of 17.83 million dollars per day.

 

Annuallized, that's a gouging of six and a half billion dollars. Merry Xmas, Exxon et al. 

 

Unionist

I sighted LTJ - without his apostrophe! Welcome back!

 

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

Wink

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

http://northof56.com/oil-gas/article/giving-the-stuff-away

So they pay us the least for our resources, while charging us the most. Gouged on both ends.

 

Unionist

Two more individuals listed in the Competition Bureau's ongoing criminal investigation (called the biggest in its history) pleaded guilty today to charges of conspiracy to fix prices. Small fish in a big pond.