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Tar Sands Profitability Questionable.... |
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cmaster ![]() IICRC Instigator ![]() Joined: 29/January/2004 Location: Canada Status: Offline Points: 29693 |
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I guess the world will be running out of natural gas now according to STD
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doug ![]() King of the One Liners ![]() Just My opinion Joined: 31/January/2004 Status: Offline Points: 32711 |
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nothing will stop people from buying unless they run out
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Just My opinion
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FriendlyHammer ![]() Master Carpet Cleaner ![]() ![]() Joined: 08/July/2007 Location: United States Status: Offline Points: 1383 |
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Ken Harris Nov 08:
"This will cause oil to rise to near $100 by the end of November. It stays up there to about the end of February. Better save this so you know who told it to you first." |
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cmaster ![]() IICRC Instigator ![]() Joined: 29/January/2004 Location: Canada Status: Offline Points: 29693 |
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That won't stop people from buying
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Superglide Ken ![]() Grand Potentate ![]() SGK Joined: 17/March/2004 Location: Canada Status: Offline Points: 4868 |
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Thats because nobody ever said it would get that high Paul. I said you will see $6/GALLON next year. That is only $1.50/litre Canadian. Expressed that way, we do not have that far to go right?
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Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs.
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cmaster ![]() IICRC Instigator ![]() Joined: 29/January/2004 Location: Canada Status: Offline Points: 29693 |
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I read it, but didn't see any 6.00/litre mumbo jumbo ![]() |
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doug ![]() King of the One Liners ![]() Just My opinion Joined: 31/January/2004 Status: Offline Points: 32711 |
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he who controls the tap controls the flow??
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Just My opinion
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Ken Harris ![]() Grand Potentate ![]() Joined: 12/January/2006 Location: Canada Status: Offline Points: 1120 |
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I agree with Doug.
Paul: Guess you overlooked the most important part of that post. The part that is going to push gas prices up all over Canada this winter to over $1/litre. I post it here again for you to read: Perhaps the bigger risk to gasoline prices than hurricanes is the political tension in the oil-rich Middle East and turmoil in the financial markets. "It's a geopolitical storm that could be brewing," Melek said. "People will bid up prices to secure supply." Also, the financial hurricane raging in world credit markets could prompt oil producing countries, set to meet next month to discuss quotas, to keep production down out of fear that demand will fall if the global economy slows. If production stays low and a slowdown fails to materialize, that could lead to a tightening of supplies and hence higher prices as the approaching northern winter increases demand for heating fuel. |
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Inventor of Teflon Carpet Wand Glides.Free Glides for all Cleaners in June!
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doug ![]() King of the One Liners ![]() Just My opinion Joined: 31/January/2004 Status: Offline Points: 32711 |
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Who gives a rat's a** about the GTA???
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Just My opinion
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cmaster ![]() IICRC Instigator ![]() Joined: 29/January/2004 Location: Canada Status: Offline Points: 29693 |
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I guess STD hasn't read that one
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MR. STEAMER ![]() True Patriot ![]() Only in the GTA Joined: 03/March/2004 Location: Canada Status: Offline Points: 14549 |
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Gasoline prices likely to ease in coming weeks despite hurricane season
COLIN PERKEL August 23, 2007 TORONTO (CP) - Wary motorists wondering whether hurricane Dean is set to blow in a season of storm-induced higher gasoline prices have little to fear, experts say. Historically, as the busy summer driving season winds down, so do pump prices and the advent of the stormy North Atlantic fall has little impact on that. "If you get a hurricane, and it hits something, then you get an impact and it's rather a big impact," said Bart Melek, global commodities strategist with BMO Capital Markets in Toronto. "Even if it doesn't hit anything, what we quite often get is markets will price in the risk of some sort of a supply interruption." Prices have eased since their peak in mid-August, in line with that trend. And further softening is likely in the coming months if normal patterns hold. "Once we get past the Labour Day period, all other things being equal, we're likely to see further declines in the price of gasoline," said industry analyst Michael Ervin, president of MJ Ervin & Associates Inc. in Calgary. Tony Macerollo, a vice-president with the Canadian Petroleum Products Institute in Ottawa, said gasoline prices respond more to actual events than to "hurricane season." Analysts say perceived risk might push prices up slightly as large users look to secure supply by paying a premium, but that effect usually wanes as soon as the storm blows itself out. "Crude prices are global prices and the kind of disruption to crude oil production realized by hurricanes is pretty minimal," Ervin said. That scenario was much in evidence this past week as hurricane Dean, one of the most powerful storms ever to hit land in Mexico, roared in from the Caribbean. Dean battered evacuated oil rigs in Mexico's Bay of Campeche, home to more than 100 oil platforms, three major oil ports and the Cantarell oilfield, Mexico's most productive, which was shut down just ahead of the storm, cutting daily oil production by 2.7 million barrels. Still, crude oil futures dipped further below US$70 a barrel Wednesday as investors dismissed the threat posed by Dean and instead took stock of a surprise gain in U.S. crude inventories. The story was much different two years ago, when hurricane Katrina smashed into the Gulf of Mexico coast, wiping out oil facilities for weeks and months, causing a major disruption in supplies. The result were gasoline prices that hit levels not seen in two decades, reaching an all-time high during the first week of September 2005, when Canadian pump prices averaged around $1.26 a litre. Nationally, prices are averaging about $1 a litre this week, with Kingston, Ont., at the bottom end with regular fuel selling at about 90 cents. "We're actually in a pretty good position in terms of gasoline inventories in North America right now, so we've already seen some moderation in pump prices," Ervin said. Perhaps the bigger risk to gasoline prices than hurricanes is the political tension in the oil-rich Middle East and turmoil in the financial markets. "It's a geopolitical storm that could be brewing," Melek said. "People will bid up prices to secure supply." Also, the financial hurricane raging in world credit markets could prompt oil producing countries, set to meet next month to discuss quotas, to keep production down out of fear that demand will fall if the global economy slows. If production stays low and a slowdown fails to materialize, that could lead to a tightening of supplies and hence higher prices as the approaching northern winter increases demand for heating fuel. |
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www.mr-steamer.com
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cmaster ![]() IICRC Instigator ![]() Joined: 29/January/2004 Location: Canada Status: Offline Points: 29693 |
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The sky is falling too, but don't tell Chicken Little
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doug ![]() King of the One Liners ![]() Just My opinion Joined: 31/January/2004 Status: Offline Points: 32711 |
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agreed
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Just My opinion
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MR. STEAMER ![]() True Patriot ![]() Only in the GTA Joined: 03/March/2004 Location: Canada Status: Offline Points: 14549 |
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what a waste of a life
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www.mr-steamer.com
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