Over the past couple of weeks the price of oil has gone down and the price of gas at the pumps has gone up. Why?
The biggest lie told about gas prices are set based on supply and demand.
That's bullshit.
In that scenario, the increase in gas prices should be caused by a reduction in supply or an increase in demand. But that is not the state of the matter today., In fact, Canadian Press, just today, led with the headline -
Imperial Oil eyes sale of N.S. refinery or converting it to a terminal.
A quick read of the article tells the tale... "Imperial Oil Ltd. is eyeing the sale of its refinery in Halifax, citing global competition and lower demand for gasoline- particularly in Europe."
But let's not be sidetracked by the Europe reference, the refinery also supplies eastern Canada, where demand is also down.
So the next bastard that has the balls to tell you that supply and demand determines gas prices, poke him/her right between the eyes.
The Government told all of the Tax payers that spent 10.6 billion on General Motors of Canada limited it was owned by the Corporation 100% but only to find out Ontario Superior Court Documents show General Motors Corporation is the indirect Parent of General Motors of Canada dated June 1 2009. This then should be noted our Canadian money either Bought General Motors of Canada or our money went to the USA $10.6 billion
ReplyDeleteI am not sure that I understand what is being said here and how it applies to our topic.
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