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Default Boating, Fuel Prices, Speculators, Politics, etc.

On Mar 17, 10:01*am, wrote:
On Sat, 17 Mar 2012 07:31:52 -0400, Wayne.B

wrote:
Boating, Fuel Prices, Speculators, Politics, etc.


The subject line says it all, and here's a well considered analysis
with something for everyone:


http://www.minyanville.com/sectors/energy/articles/gas-prices-gas-pri....


Reading between the lines, it is pretty clear. Our prices are high as
hell because the American oil companies are idling refineries and
sending ever increasing quantities of oil overseas.

No point in drill, drill, drill, if the American consumer is prevented
from benefiting from it.

If you want something that is job-killing, there it is.


Up here a previous Liberal Government bought out the old FINA gas
company and launched a new government owned oil company... Petro
Canada.
We all payed a few cents a liter extra at the pump to fund this
venture. The idea was to provide some real competion to mostly
American run major players.
As soon as a Conservative government got back in, they sold Petro
Canada of to investors... and I don't recall getting one red cent for
my involuntary investment included in every liter of gas I burnt.
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