Post by
MustangMatt on Aug 13, 2015 1:58pm
Edmonton
We got 3 refineries, 2 out of the three magically had down time events over the last few weeks. There is no regualtion or control pricing at the bulk fue gatel. At the gate the refiner can set the bulk price at what ever they want. It is truly bizare, that in 2015 Transalta gets hit with price fixing the energy market with BS power plant outages at key times, and refiners are doing the very same thing as we speak gouging consumers, the end user of gasoline. I would be outraged if this was a new event, however, ithas been this way since I have been alive.
Did any one here really believe the baloney spewed by the media 8 months ago, that the lower oil price will translate to savings for consumers at the pump. My best guess is that government(s) don't want to regulate it because it is a great source of tax. Maybe the status quo allow both the government (the people?) and the refiner to guage me at the pump at will. Honestly, does anyone else have a better explanation? We lose our jobs, higher taxes,inflation rises+ Gas is at all time highs at the pump= reality? Cheers Matthew
Comment by
UppersDowners on Aug 13, 2015 2:01pm
Hey Matt....then they go on TV and say there is no inflation. I guess they have not been doen the meat isle in the grocery store.
Comment by
MustangMatt on Aug 13, 2015 2:14pm
It's about "core inflation" right ? lol I have gotten so jaded, I heard those stories about lower gas prices for consumers and I knew the first time I heard it that it was BS, I will believe it when I see it. Sad that such a cynical outlook is confirmed time and time again.cheers Matthew
Comment by
lexster63 on Aug 13, 2015 2:32pm
and maybe that is why the NDP have a crack at this. crooks all over , maybe the pinks wont be so crooked
Comment by
PinnacleX on Aug 13, 2015 3:27pm
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Comment by
MustangMatt on Aug 13, 2015 3:40pm
I read it the exact same way Pinnacle X , oil should find some support in the 30's. Death cross on the Dow, China in Trouble, Canada housing market over valued, possible rate rise in the U.S.A, weakness in Europe West and East. Looks like the perfect set up for disaster, cheers Matthew