The High Price Of Gas--Don't Blame OPEC!

oil is priced in US dollars. since the US dollar has declined 23% against
the Canadian dollar Canadian petroleum trusts have had to lower their
payouts to investors, mostly older individuals' retirement income.

however retail gasoline prices in the US are still 20% lower than in
Canada because all levels of Canadian government put higher taxes on
gasoline.

Candian gasoline prices have gone up because the price of petroelum has
gone up.

Few entities in the petroleum industry pay OPEC prices. Most have
contracted for mulit-year supplies at lower prices. For example, before
drilling an well or building a refinery or a pipleine companies will get
contracts for sufficient petroleum at a sufficient price to make the
investment profitable. The risk is mostly in the cost of the investment,
not the cost of the petroleum. Specualtors who trade the contracts on
commocity exchanges do make and lose maoney. Also the companies who chose
to take more or less risk by not contractign for the entire amount of
petroleum. If you buy shares on the stock exhange in companies who sell
most fo their product unencumered by prevous contracts you can make money.
I bouth shares in Anderson Exploration in the late 90's. Anderson sold all
its output at market prices and it's profits soared.

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William R Watt National Capital FreeNet Ottawa's free community network
homepage: www.ncf.ca/~ag384/top.htm
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wrote:

> It's not OPEC, its BUSH and his goddamn useless war......
> Impeach the ******* !!!!
>
>
It's you and your commuting. Ride a bike to work.
LZ

midwesterner wrote:

>
> The Bush administration let big oil consolidate. The arguement was
> that closing gas stations will make oil companies more efficient and
> they will pass those savings along to the consumer. Bull ****.
>
> Don't **** down my back and tell me it's raining.

Whose administration passed the EPA rules that shut down small gas stations?

Do your homework.
LZ