RE:RE:RE:RE:Can you imagine PictouBoy wrote: You are likely born into the best 30 years humanity has ever seen. Once debt free where's all the money going to go? In the 70's oil was 140 a barrel. Do the math to todays money. SPR is done. Manipulation is over. Buffet is correct.
I'm not sure which 30 years you refer to but I will say this , I had a driver's license in the 70's and I remember buying gas in southern Ont for 87.9 cents per GALLON (not liters) . North shore of lake Superior in 1977 was $1.02 per gallon (not liters) and in Regina it was 49.9 cents per gallon (that's like 11 cents per liter) . Kinda makes you wonder who is really reaping the windfall profits , like maybe the multitude of taxes governments have heaped on the price at the pump .
Honestly , trudope would tax the air you breathe if they could only figure out how to do it .
I also agree that Buffett know's value and that's why he bought into the sector with Oxy , he only pulled out of a Quebec LNG project because of government red tape and Quebec obstinance . This country could be so much richer with some government cooperation and a realist economic policy . The world is sick of waiting 5 years for another Canadian government commitee to say "no"