Gas prices

[Ozy_Flame]

http://www.cbc.ca/story/canada/national/20...s_20050901.html

Can you believe this shinguard??? Reactivate the NEP? Is this for real? People from Ontario are crazier than I thought - what an absolutely asinine proposal to solve energy prices. Unbelievable.

[RougeUnderoos]

Originally posted by Ozy_Flame@Sep 2 2005, 12:37 PM
http://www.cbc.ca/story/canada/national/20...s_20050901.html

Can you believe this shinguard??? Reactivate the NEP? Is this for real? People from Ontario are crazier than I thought - what an absolutely asinine proposal to solve energy prices. Unbelievable.

Timmins city council passed a resolution Wednesday night that called on federal and provincial governments to investigate why prices increased before the hurricane hit.[/I]

Well that should solve a few things. When Timmins city council speaks, people listen.

Who do these fools think they are?

[Hakan]

Originally posted by Clarkey@Sep 2 2005, 10:39 AM
Peak oil is such a stupid theory, it completely disregards economics.

Ok wise ass. Explain how it does.

[Mr. Ski]

Originally posted by Hakan+Sep 2 2005, 06:57 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Hakan @ Sep 2 2005, 06:57 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-Clarkey@Sep 2 2005, 10:39 AM
Peak oil is such a stupid theory, it completely disregards economics.

Ok wise ass. Explain how it does. [/b][/quote]
In really simple terms, every time the price of oil goes up, something else very important to the discussion goes up as well.... that being the total volume of economically recoverable oil in the ground.

[RougeUnderoos]

Councillor Denis Saudino initiated the discussion after residents woke up Wednesday to a 20 per cent jump in prices at the pumps.

"I was shocked at the increase," said Saudino. "It deserved an immediate response."

Saudino said he wanted to do something before the price hit $1.40 per litre.

The city of Timmins, Ont. councillor said the solution to high gas prices is reactivating the National Energy Program. The NEP was a controversial program designed to promote oil self-sufficiency for Canada during the oil crises of the 1970s.

That's from Ozy Flame's article from the CBC.

denis.saudino@timmins.ca

That is the good councillor's publicly available e-mail address, in case anyone is interested.

[Hakan]

Originally posted by Mr. Ski+Sep 2 2005, 12:13 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Mr. Ski @ Sep 2 2005, 12:13 PM)</td></tr><tr><td id='QUOTE'>

Ok wise ass. Explain how it does.

In really simple terms, every time the price of oil goes up, something else very important to the discussion goes up as well.... that being the total volume of economically recoverable oil in the ground. [/b][/quote]
So what does that have to do with Peak Oil?" You yourself are implying that oil will only get more and more expensive to extract indicating a reduction in supply which is what Peak Oil is all about.

[Mr. Ski]

Originally posted by Hakan+Sep 2 2005, 07:32 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Hakan @ Sep 2 2005, 07:32 PM)</td></tr><tr><td id='QUOTE'>

In really simple terms, every time the price of oil goes up, something else very important to the discussion goes up as well.... that being the total volume of economically recoverable oil in the ground.

So what does that have to do with Peak Oil?" You yourself are implying that oil will only get more and more expensive to extract indicating a reduction in supply which is what Peak Oil is all about. [/b][/quote]
You're reading in an implication where there isn't one. Yes, in economic theory if the supply goes down with the same given demand, the price goes up. I wont argue that.

What we are currently seeing though is the price leading the way due to external factors (supply disruptions, terror threats, a speculation induced price bubble, etc. Take your pick.)

As I said above, that higher price means more oil in the ground is economically recoverable. That in turn means the potential supply has actually increased.

The other effect of the higher price is a proportional drop in demand. This thread is filled with accounts of how people are going to be using less gas and oil at the prices we're seeing.

The other factor to mitigate the 'doomsday' warnings of Peak Oil is that as the price of oil rises, other evergy sources become economically feasable as well. People say that we can't switch away from oil overnight. To a point they're correct, but the world can change a lot in 20, 50 or 100 years.

Alberta certainly didn't have its current oil based economy in 1905 when it bacame a province, but look at it now. The same can happen for the next great energy source too. Don't discount human ingenuity.

[Ozy_Flame]

Originally posted by RougeUnderoos@Sep 2 2005, 07:28 PM
Councillor Denis Saudino initiated the discussion after residents woke up Wednesday to a 20 per cent jump in prices at the pumps.

"I was shocked at the increase," said Saudino. "It deserved an immediate response."

Saudino said he wanted to do something before the price hit $1.40 per litre.

The city of Timmins, Ont. councillor said the solution to high gas prices is reactivating the National Energy Program. The NEP was a controversial program designed to promote oil self-sufficiency for Canada during the oil crises of the 1970s.

That's from Ozy Flame's article from the CBC.

denis.saudino@timmins.ca

That is the good councillor's publicly available e-mail address, in case anyone is interested.

Astonishing is the only word I can use to describe it. At a time when nationalist tensions are high in both Quebec and Western Canada, this is not a good way to go about promoting national unity let alone solving the nations' economic woes. This Ontario jackass should retract his statements before he gets in more trouble; and I hope to god Paul Martin doesn't get any bright ideas either.

[Shazam]

Originally posted by Mr. Ski@Sep 2 2005, 12:54 PM

You're reading in an implication where there isn't one. Yes, in economic theory if the supply goes down with the same given demand, the price goes up. I wont argue that.

Quiet you, what with your logic and making sense.


MOD EDIT: Do you really have to include five quotes with your witty little one-liner? Please read the guidelines.

[snappyk]

so why is it then when the oil prices go back down and plunge $5 a day then why doesn't it relfect at the pump right away, but when oil seems to go up and up then we get the screws to us at the pumps. Can anyone explain this one?

[CaramonLS]

I live by chinook.

Takes me between 5-10 minutes to get to where I need to work (by car), 1 hour (including 10 minute buffer time because it comes early sometimes and doesn't wait) to get to work via bus.

Hence why I drive.

[Hakan]

Gas isn't going to get any cheaper. Instead of complaining about the prices why don't we complain about how completely crappy the public transit system is.

Oh wait, we all decidedly to screw the transit system in favour of 8 clover overpasses on Crowchild Trail. Well I guess we made out bed, time to lie in it.

[kipperiggy]

I heard on the radio today that in Vancouver gas is at 149.9 a litre.

Anyone care to confirm?

[Mr. Ski]

Originally posted by kipperiggy@Sep 2 2005, 10:19 PM
I heard on the radio today that in Vancouver gas is at 149.9 a litre.

Anyone care to confirm?

Well, not according to this www.vancouvergasprices.com

Hight of 120.7 at one station, and lots around 101.9

[Resolute 14]

Originally posted by Hakan@Sep 2 2005, 02:56 PM
Gas isn't going to get any cheaper. Instead of complaining about the prices why don't we complain about how completely crappy the public transit system is.

Oh wait, we all decidedly to screw the transit system in favour of 8 clover overpasses on Crowchild Trail. Well I guess we made out bed, time to lie in it.

Compared to the transit systems of comparitavely sized cities, Calgary's is apparently pretty good.

I know in Tampa, the closest thing to transit in that city is the shuttle that takes you from the airport terminal to the street.

[Thunderball]

Originally posted by Eagle Eye+Sep 2 2005, 08:17 AM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Eagle Eye @ Sep 2 2005, 08:17 AM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-Thunderball@Sep 1 2005, 10:12 AM
Okay, a 10-15 min drive and a 45 min train ride... still not remotely practical.

Where do you live that it takes you 15 minutes to get downtown driving but 45 buy train?

I live in Evergreen and yes if I drive at 7 AM it only takes me 15 mintues to get downtown by driving, but I take the train everyday and it only takes 25-30 min (most of it downtown). [/b][/quote]
I live in Woodbine, and I meant it takes 10-15 mins to drive to Anderson, Southland or Fish Creek-Lacombe, and 45 mins from there to U of C. Rather than a 20-30 min drive to the university. The getting from the University to work is another pain in the ass.

My classes usually don't start till 9 or 10... so I can't really leave at 7 and dodge the rush... I'm usually right at the tail end of it.

[Eddie Bronze]

I just talked to my folks back in Nova Scotia today and this is what I hear from them. There are two gas stations in the small town they live in, and to buy gas at either right now, it's getting close to $1.50/L. Also, people are going to the most foolish measures you can to get cheap gas. Mom was mowing the lawn the other day and Dad asked her, "Where'd you get the gas for the mower?" More than a bit confused, she said, "The gas jug." Dad's response, "You didn't get it out of the car?" Mom tells me tonight on the phone, "I can't take gas OUT of a car, I just figured out how to put it in this summer!" Now as funny as that is, Dad was thinking she syphoned gas out of car because it was essentially empty. Mom, bugged by this, went to the car and noticed the gas cover was open and the plug part was hanging right out. They'd been robbed of their tank of gas. Pathetic.

She then proceeds to tell me a story about some guys who prove being a ciminal doesn't mean you have to have a brain. Apparently they drilled holes in the tanks at a gas station, stole all the fuel, but in the process, caused an explosion due to the sparks from drilling through the tank. Sounds like the newest Newfie joke, but anyway, it's getting pretty bad.