Chimpy says he will VETO gas price gouging legislation

[Angel]

Originally posted by Lqskdiver
Mexico's peso is kicking the dollars ass right now.

The US dollar is really taking a slide. We're at $0.93.19 at close today, and their predicting we'll be at par or higher before long.

[WACF]

http://www.gasbuddy.com/

A cool site for checking what your neighbors are paying.


We are pushing Ethanol up here but our limits are much lower than the US.

I am unconvinced on it.

It takes just as much energy to create it and your fuel prices become just a volatile because you are at nature's mercy for your crop.

A bad crop year and look out...

[Big Train]

So, Canadiens are gouging us? Figures...Sorry haven't had time to Canada bash in a while.

Stocks did close at a record high today, we might note.

Gas prices are high, but the economy is showinga lot of underlying strength and nobody knows when the China rally will fall apart, although it appears sooner than later. No worries.

These things are long term concerns and over the long term we need to come up with viable, domestic solutions. There are signs of that happening everywhere. Enjoy it now Canada!!

[WACF]

Big oil is gouging Canada too.

I pay $1.21/litre myself.
That is $4.59 a US gallon...that is most likely a buck more per gallon than you pay...and we have the fucking oil!

We need another refinery...but just like you guys the hoops ya gotta run through to make a new one viable are holding it back.

We have been "talking" about building one here for years.
Much like you guys...I believe while you have been talking about it the Saudis have built one and expect you to buy the finished product.

Our Socialist Provincial government even considered building one to subsidize the people in our province but it never got off the ground.

As it is we have a CO-OP refinery by Angel's city a few hours from here.
The nice thing about buying it's fuel is every June you get a rebate cheque of about .05/litre bought for the year.
Not much but it buys ya a tank of gas or a decent supper.

[Big Train]

With the raw materials you guys have for alternative fuels (Biofuels, ethanol), it simply amazes me such a "progressive" country hasn't gotten it together to do it. Third world nations are way ahead of first world ones on this issue.

I understand we don't give a fuck if we can afford, but what's your excuse?

[Angel]

Originally posted by Big Train
With the raw materials you guys have for alternative fuels (Biofuels, ethanol), it simply amazes me such a "progressive" country hasn't gotten it together to do it. Third world nations are way ahead of first world ones on this issue.

I understand we don't give a fuck if we can afford, but what's your excuse?

We're not that much different, remember that BT. Our governments make huge dollars from oil... perhaps that's why we aren't any further ahead in this regard.

[WACF]

Originally posted by Big Train
With the raw materials you guys have for alternative fuels (Biofuels, ethanol), it simply amazes me such a "progressive" country hasn't gotten it together to do it. Third world nations are way ahead of first world ones on this issue.

I understand we don't give a fuck if we can afford, but what's your excuse?

Cost is a big part of it...investment.

The things is too you guys have been building it...meanwhile we study it.
Then...our investers say perhaps since you already have built it, perhaps we should just buy it.
Also...in our part of the world the season allows for only one crop per year...China has 3.

Plus...Ethanol needs high moisture grain...not every spot in Canada is rich in that department.
The best thing that could happen is if they built the plants by feed lots but that does not always happen.

Supposedly an Ethanol plant is going up 4 hrs from here...we will see if that pans out.

Then like I said...one really bad crop year and look out!
You are also competeing for animal feed...pushing up the prices and hurting the ranchers.

[WACF]

...and like Angel said...our government at a Federal level...and Provincial... are making tax money on the price.

As much as they may want to do something they are enjoying the extra cash,

[Big Train]

For ethanol, that's a fine argument (as much as I think ethanol is a completely crappy way to make fuel-harms the envoirnment more than it helps). However, biofuels, utilizing various kinds of feed stocks (animal byproducts, vegetable oil, switch grass), I have no idea why you aren't investing in. I can buy a kit for 4k US to make it. A government with millions of acres of forest and fields, I'll never understand why they aren't trying to do something with it.

[steve]

Originally posted by Nickdfresh
So Jimmy Carter was right. We should have just ate it and subsidized synthetic oil production. It was an expensive proposition, but then again, as Carter put it: "when we enter the moral equivalent of war..."

Jimmy Carter was WAY right and way ahead of his time.
From his speech you linked to:

"Point one: I am tonight setting a clear goal for the energy policy of the United States. Beginning this moment, this nation will never use more foreign oil than we did in 1977 -- never. From now on, every new addition to our demand for energy will be met from our own production and our own conservation. The generation-long growth in our dependence on foreign oil will be stopped dead in its tracks right now and then reversed as we move through the 1980s, for I am tonight setting the further goal of cutting our dependence on foreign oil by one-half by the end of the next decade -- a saving of over 4-1/2 million barrels of imported oil per day."

No one freaking listened, everyone made fun of him for suggesting we "conserve" limit our dependence on foreign oil. "UnAmerican" we said.

Instead we got Raagan, who gave ARMS to Iran for hostages, and decided to play dominos with the Middle East and get in bed with the Saudis and Saddam Hussein - all in the name of MORE, not less, foreign oil.

And we ate it up.

The irony is we still have a chance to listen to Carter, but people won't until the shit hits the fan - which could be anywhere from 10 to 50 years from now.

Regardless, prepare for endless oil wars like Iraq until we decide to make our "energy consumption moon shot".

But they choice is, WHEN do we make this moon shot??
Now, when the economy is relatively good and we could taper in gas taxes over a long period of time? This is the economic equivalent of replacing all of our bones with Atimantium.

Or, do we wait till a great SHOCK (anywhere from 10 to 50 years away) - economists have estimated it will take only a 10% supply reduction to jolt the entire planet into a major major recession - something economies could not react to without years advance notice. What do we do then, invade Venezuela?? Saudi Arabia??

You want cheap gas, you got it. Make your bed, folks.