April 25, 2008

Gas Prices Are The New News

As if elevating weather to news status wasn't enough, our betters in media are now racing to notify unsuspecting Canadian drivers that gasoline prices have gone up.

Thank you, Lloyd Robertson. How ever could we cope without your high-priced expertise?

But wait - that's not all! Today's professional journalist isn't content with merely reporting the blatantly obvious. Watch them spread their wings and soar into the realm of News Of The Future!.

Fuel prices to hit $2.25 by 2012

We should be thankful that these selfless souls remain in the service of their fellow citizens, when they might be out raking in millions in the stock market.

(Speaking of which - how come the guys who build climate modelling computers aren't gazillionaires by now?)

Posted by Kate at April 25, 2008 1:10 AM

Lloyd and the smarmy, teleprompted GTA remora/realtors in pant suits have got their finger on the...pulp...of Canadians -- that's why they're the news experts.

You gotta love the might-as-well-be-stock-footage of Joe Canadian responding, as per the unseen pre-edit prompt, with the obligatory "Oh yeah, them gas prices sure does go up, don't they? Up and up. Too much. Way too high. Someone's ripping us all off. Ayep, these gas prices sure is high. Why, I might even just have to stay home this summer..."

News on a stick.

Asking a hapless ambushed voter whether gas prices are too high is like asking a member of the groom's family if the bride is not, in fact, a lovely woman: "Oh, I'm tellin' ya, she's a real catch. DeShawn is one lucky guy...."

Posted by: EBD at April 25, 2008 2:57 AM

I can't believe the price of gas/diesel in Canada.
(being that canada is an oil exporter with vast reserves)
The NIMBY attitude that has choked off our refining capacity is disgusting (IMO) for a G8 country located
mostly north of the 49th to the arctic. (meaning, its usually cold and more energy is required on average to sustain a flourishing G8 lifestyle than some other nations.)
A perspective from a wise gentleman put it into context for me. If the average peon in this country is willing to spend $1.20 for 500ml of WATER at a store in CANADA, (The worlds envy of clean water and sanitation standards) why wouldn't they support (but whine) at gasoline at $2.00/l ??
No, the average Canadian does not spend $60/wk on water. Not yet. If the TorStar or VanSun told them to they would!!
Build the refineries and use what we have. (oil and nuclear)


Posted by: G at April 25, 2008 4:12 AM

Guys who build climate modelling computers aren't gazillionaires by now because computers actually have to work. So there's a price/performance metric. On the other hand, people who only build climate models per se don't, apparently, at this time, have to build models that actually work, at least for the purposes of invoking the ululation of the masses, ergo as we have seen it is possible for some people to become gazillionaires, even though their models don't work (and independent of whether or not they have anything to do with computers), simply because H. Sapiens Sapiens are what they are.

Posted by: Vitruvius at April 25, 2008 4:19 AM

Good question Kate - if the media seers can see into the future why are they not retired in the Grand Caymans or the Bahamas with the other 'castaway' Bolshevik eliteists of the Puffin/Dipper crowd?

I am amazed that non of the voices of doom (newscasters) have warned us poor , dumb peons about the eventual price at the pumps if we add on the Puffin/Dipper/Bloc Kyotee carbon tax.

Posted by: Jema54 at April 25, 2008 4:25 AM

Right on Jema54, the NDP are quick to stand up in the house to complain about higher gas prices as if Stephen Harper controls OPEC. How dare BIG OIL make money off the backs of "working families". But if a Progressive government were to institute a carbon tax that would be different to the "working family".

Posted by: rations at April 25, 2008 6:06 AM

[quote]I am amazed that non of the voices of doom (newscasters) have warned us poor , dumb peons about the eventual price at the pumps if we add on the Puffin/Dipper/Bloc Kyotee carbon tax.[/quote]

Actually the Market “is” reacting to the Co2 GHG/AGW. The fact that MSM are predicting higher prices now, suggests they knowingly broadcast the false claims of AGW. It is unethical to pretend that there are any other reasons for the price at the Pump. The market doesn't like unknown factors and the speculators are building in assumptions for C02 policy

MSM should preface every report with "Thanks to Al Gore" the price is increasing and Global warming is decreasing (Sarc Off)

I have moved into a cash position because the number of industries that are "indirectly" dependant on energy are enormous. The lay-offs have also started and Lean and Mean won't be nice for the union folk.

The public policy on AGW/C02 may actually flat-line Wall Street..

Posted by: Phillip G. Shaw at April 25, 2008 7:03 AM

I was talking to my dad in the UK last night.
It's $2.19 a litre there at the moment.

Posted by: Alistair Macfarlane at April 25, 2008 8:14 AM

Yep, we gotta pay for that gas eh! The morning show just had an expert on that said we should stock pile food because of increasing prices. Yep, better get right down to the store and clean off the shelves right after I go gas up. Don't forget your 200 pound ration of rice at Wal*Mart. Fortunately we have Al Gore to consult.

Posted by: Orlin at April 25, 2008 8:17 AM

What amazing foresight you have Kate.

On CNBC this AM, were Joseph Stiglitz, 2001 Nobel Economics prize winner, Robert Engle, 2003 Nobel Economics winner, and Robert Hormats Goldman Sachs VP.

They were discussing the recent Wall Street Parker Brothers economy.

They pointed out that the CDOS (collaterized debt obligations) 'computer modelling' was wrong in its risk assessment.

The modelling obviously trivialized the risk of pyramiding debt packaging and reselling these financial magic beans to people who should have known better. Like bankers yet!

So there you have it - bad computer modelling screws up world economy.

Just like the Gore/Suzuki bad judgement in using crap like the bad computer modelling temperature hockey stick data to scare innocent people about world climate change.

Still is amusing though that Suzuki the 'hard science' guy, is getting lead around on a nose ring by Gore, the lying politician lawyer guy.

It doesn't get any more hilarious than that.

Posted by: rockyt at April 25, 2008 8:54 AM

to summarize

gas up
rice up
wheat up
harper up
temps down
dion down
stocks down
obama down

does this affect my life? barely

Posted by: puddin and pie at April 25, 2008 9:33 AM

We should have a domestic price for gasoline and heating fuels. Why are we pissing away our competitive advantage? China has human resources we have natural resources. You look after family first and friends second, we are not the worlds keepers.

I guess those logical and sensible socialist have figured out how to reduce green house gases as well as high gasoline and food prices after all, just reduce the population, bingo, no problem. I have to give them credit for their well thought out solution and all thanks to bio-fuels.

Is this a replay of 30 or 40 years ago on the famine bit? Remember when the poor of Africa and others were encouraged to change from growing food crops to cash crops? They have been starving in Africa ever since, when will the do-gooders of the world ever learn, mind your own god damn business and quit trying to change world and everyone in it.

Posted by: Western Canadian at April 25, 2008 9:57 AM

Biofuels may not be a major culprit with respect to increased food costs:
The situation in Haiti is especially complex: Increased fuel prices certainly are a factor. I agree that we should be looking at securing Canadian needs and building more refining capacity would make a significant different. Unfortunately, our Canadian Parliament shows serious error in judgement as the focus continues on "reducing Green House Gasses" The NDP sponsored bill for reducing GHG has now passed Committee. It is unenforcable, but will create a context in which environmental groups can sue the government. If it passes final reading, it will be a Pyrrhic victory. I think a piece of skewed and unenforcable legislation like this undermines the authority of Parliament if indeed the legislation can become enforcable through the courts.

Posted by: LindaL at April 25, 2008 10:40 AM

We need to drill in the ANWR and tell GREENPEACE and the rest of the eco-freak community of eco-freaks to GET A LIFE AND GET LOST

Posted by: Spurwing Plover at April 25, 2008 10:51 AM

Have you ever met anyone who complains about the price of fuel while simultaneously saying we should switch to a carbon tax? People just don't seem to be getting it.

Posted by: Kevin at April 25, 2008 11:00 AM

"We should have a domestic price for gasoline and heating fuels. Why are we pissing away our competitive advantage? China has human resources we have natural resources. You look after family first and friends second, we are not the worlds keepers."

Western Canadian, Trudeau did introduce a domestic price for gasoline, it was called the National Energy Program. As I recall, not many people liked it.

Posted by: Kevin at April 25, 2008 11:08 AM

I like your idea Western Canadian. Just one caviet though. Anybody who lives east of the Man. Ont. border will pay world price for all gas, diesel, heating oil, grains, fertilizer, etc.: plus any riding that votes in a political party that promotes a carbon tax will be included in that two price system and be subject to a leftard vote tax on all hydrocarbons. The next step would be any Canadian manufacturer that wants to sell their product west of the Man. Ont. border will have to set up plants in the west. We can buy all our goods from China if we have to.

Some what semi joking or maybe wishful thinking.......


Posted by: Swill 1984 at April 25, 2008 11:22 AM

Yeah, Keven you beat me to it. I remember well the great noble idea that Canadian producers should sell their oil only to eastern Canada at $14/barrel (I believe) while the Maritimes were buying Saudi oil at about $22 or more. And they wondered why the oil industry picked up and moved south. That little experiment in socialism cost the west (and Canada) billions.

Posted by: Texas Canuck at April 25, 2008 11:29 AM

Kevin, sorry, to me domestic means the West. Recourses are the domain of the Provinces and belong to those living there, supposedly? Why shouldn't we, residential/commercial, benefit directly in the manner of Alaska? Think of the huge advantage that would give us world wide, Western Canada would be a major competitor.

Posted by: Western Canadian at April 25, 2008 11:30 AM

The morning show just had an expert on that said we should stock pile food because of increasing prices. Yep, better get right down to the store and clean off the shelves right after I go gas up

Posted by: Orlin at April 25, 2008 8:17 AM

Now maybe you shouldn't be so quick to judge. If people go on a spending spree, according to the logic of some of the great minds of finance in this country, a recession might be avoided.

I remember ex minister in the Mulroney governments, Sinclair Stevens telling Canadians that all we had to do to fix the economy was go buy a new fridge. Finance and Industry minister if my memory is correct.

Hope that helps.


Posted by: Greg at April 25, 2008 11:46 AM

I am so disappointed!

Why the 4 years from now price?

I want the 5 years from now price of gas! Or the 10 years from now!

No wait! I'm planning my 2011 vacation. How about the 3 years from price so I can plan better.

Maybe they just know something we don't about 4 years from now.

Another election season?

Posted by: BigFoot at April 25, 2008 11:55 AM

This is really all about trying to look forward through the haze of Gasoline emotions.

An impossible exercise, as logic seems not to be part of the mix.

Shaw @ 7:03am says. .
**I have moved into a cash position because the number of industries that are *indirectly* dependant on energy are enormous. The lay-offs have also started and Lean and Mean won't be nice for the union folk.**

Hope you sold high and are ready to buy low now.

McFarlane @ 8:14 says UK gas is now 2.19 l.[+- $9 Gal.]
USA gasoline is about $3.60 Gal.
Vancouver Island gas is $1.39 l. [+- $5.60 Gal.]

Orlin @ 8:17am suggests stocking up on food. Only a few foods like rice hold value over time. One should never leave the supermarket without real nutrition as in oranges, bananas, apples, and various greens.

LindaL raises the question known as biofuels.

Potash, Saskatchewan *Gold* has bearing on all this. I merely raise the question. Not knowing much about all this mix myself.

Seems China, India, corn-gas growers and just about everyone wants the stuff. Seems too that we have most of it and the price has jumped from $1.76 to $5.76 per unit.
** There was a significant agreement out of Canada between it and China, via Canpotex (Canadian Potash Exporters). Canpotex is the world's largest exporter of potash. Canpotex announced potash price increases between Canpotex and Sinofert in China, which actually will be paid out the rest of 2008.

This calls for shipment of 1 million metric tons of potash at $576 per metric ton, which appears to be a $400 per metric ton increase over the 2007 price.

This is going to add significantly again to fertilizer and potash players involved, and all are trading higher in pre-market trading. Companies which own Canpotex are Mosaic Inc. (NYSE: MOS), Potash Corp. of Saskatchewan Inc. (NYSE: POT), and Agrium Inc. (NYSE: AGU).
This is just a discovery, not a *Tip*. Better informed SDA people will rip this apart if they can. = TG

Posted by: TG at April 25, 2008 11:59 AM

Sarc on: Please! We need a carbon tax! Tax us some more! Please, pretty please! Carbon tax! Carbon tax! We need a carbon tax to save the earth! Sarc off.

Sadly, our 2.5 cents a litre carbon tax in BC kicks in this summer, going up to an extra 7 cents a litre within a couple of years. Yah frickin hoooo!

Posted by: Soccermom at April 25, 2008 12:01 PM

Building more refineries in order to produce more gasoline/diesel/Aviation fuel is imperitive.

This country's dependence on reliable transportation of people and goods at a cheap price was a condition of confederation (CPR) and led to prosperity.

This nation is too spread out and cold not to take advantage of its birthright in oil and uranium.

All of the Carbon taxes added onto fuel are nothing more than a leash to hold this nation from taking its rightfull place as a world leader in industry and manufacturing. If a tax can be rationalized at all, it should be for the sole purpose of financing the required infrastructure for "effecient" fuel delivery to the buisness/consumer.

If AirCanada or Westjet could fly decent equipment as they now have with a jet fuel price of .60/l, they would be the size of Aerflot and you could actually afford to get onboard.

I can not believe that if Australia had the fuel resources we have in abundance they would leash it with a C tax.


Posted by: G at April 25, 2008 12:43 PM

If it makes the news in a big way, take the opposite position. (It means we're at the top - takes a long time for the media to clue in. And jump in, with calamity, fear-mongering)

Do ya think Warren Buffet got rich while taking advice from journalists ?

Posted by: ron in kelowna at April 25, 2008 1:12 PM

The Dippers and their phony concern for the backs of "hard working families" who are working like hell to support the social systems the same dolts demand funding for. All to house and feed slugs, including the Khadr family and more of their ilk.

The price of gas is a disgrace, climbing to $2,25 for a Trudeau quart will put a huge dent in all tourism.

Although it has squat to do with the Harper Conservatives, the MSM are using it that way for the usual reasons. Changes need to be made, investing in alternate fuels for one but that's a long process to get off the ground.

If our forefathers were so damned lacking in common sense as those who are taking care of business today we never would have made it to this point.

Posted by: Liz J at April 25, 2008 1:19 PM

Think there are no new finds of oil and gas, just because the media doesn't report it ?

Google oil gas Falklands, Brazil, Bakken, Quebec (yes, Quebec !!) BC, Japan, Sask, ..

Posted by: ron in kelowna at April 25, 2008 1:58 PM

Gas prices will mean less to some drivers.

** Now made in Norway, Think City - about the size of a Toyota Yaris or Honda Fit - runs on sodium or lithium batteries and can travel up to 110 miles, or 177 kilometers, on one charge.

''This is not a toy, this is a serious car that is able to be mass-produced and sold,'' said Wilber James, the RockPort general managing partner.

The two-seater has an option to add two more seats for children up to 14 years of age, Jan-Olaf Willums, the Think Global chief executive, said.

The company is negotiating with U.S. utility companies to set up fueling stations to charge the cars, following similar models in Europe, executives said, without disclosing details.

Think City's battery now takes about three hours to recharge if plugged in daily, or eight hours if the battery is drained.

Battery-operated vehicles have so far remained a niche product. California recently reversed a zero-emission vehicle mandate from the 1990s, and major carmakers then scrapped experimental programs like General Motors's EV1.

Investors are hoping that high gasoline prices and growing environmental consciousness could finally usher in a new era for electric cars.

California, a primary electric car market, was recently forced to cut the number of zero-emission vehicles required between 2012 and 2014 by 70 percent to 7,500, signaling that technology has lagged behind hopes in the largest U.S. car market.

GM is seeking to introduce a plug-in hybrid, the Chevrolet Volt, by the end of 2010.

And there is the $16K ZENN [ Toronto ] for about town and pizza delivery etc. = TG

Posted by: TG at April 25, 2008 2:12 PM

Speaking of which - how come the guys who build climate modelling computers aren't gazillionaires by now?

They are; computer makers are quite wealthy, company-wise.

The problem with climate modeling isn't the computers, but the software (the models).

Posted by: Sigivald at April 25, 2008 6:11 PM

In other news, there's snow on the ground.

Next up ... did you realize when you breathe, first the air comes in, then it goes out?

And finally for your third statement of the obvious, summer is just around the corner.

Posted by: set you free at April 25, 2008 9:45 PM

can't belive the price of taxes !?..............

Posted by: brian at April 26, 2008 12:22 AM

it's another bubble mike bububule

it can dance

Posted by: brian at April 26, 2008 12:35 AM

Next time some bunch of eco-freaks send you a letter urging you to opose drill in the ANWR and blabbering this fragile earth poppycock bull kaka just return their junk mail to them in their dumb post paid envelopes and tell them to DROP DEAD you have more important things to spend the money on then salaries for a bunch of over paid eco-freaks and lavish fancy office buildings in the big cities SAVE A PENGUIN EAT A LEOPARD SEAL

Posted by: Spurwing Plover at April 27, 2008 10:54 AM