Price controls are on the table.
…they’re telling us this is what they want. and we’d be well advised to take them at their word on this one.
watching the same folks that came into office and instantly killed pipelines, ended drilling leases, and upped costs then throttle supply chains in sanctions after doing their damnedest to provoke a war (and succeeding) go on to blame putin and oil companies for the spiking prices in gasoline is astounding. (though not as astounding as watching anyone fall for it…)
they ship diesel to ukraine, set off shortages at home, and keep killing leases and upping prices on those that remain.
Though to be fair, not even Chavez was so stupid as to dive into a proxy war in Europe.
More: Wholesale inflation climbs 11% in April
If they can get away with shutting down the economy for 2 years because of a virus, there’s no reason why they wouldn’t slap on price controls in order to stop rising prices. Most voters would probably go along with it.
Get ready for Soviet era lineups for goods that don’t exist on bare shelves.
How soon before the . gov wants to start nationalizing the means of production because the producers won’t or can’t freeze their prices.
Remember Petro Fiat being bought out here and turned into Petro Canada by PET.
Seems all is going to plan ” you will have nothing and THEY will be happy “.
Petrofina – In 1976, Petro-Canada purchased Atlantic Richfield Canada, in 1978 Pacific Petroleums, and in 1981 the Canadian operations of Petrofina. Most of the original Petro-Canada refineries and service stations were acquired from BP Canada in 1983. The company became popular outside of Alberta as a symbol of Canadian nationalism.
Yes Petrofina.
Had a brainfart, happens when my blood pressure rises.
To this day I still boycott Petro-Canada stations. Still recall the stickers from decades ago, “I’d rather push this thing a mile than fill up at Petro-Can.”
Bingo!!
Still can’t fill up there even tho it is now owned by Suncor (I believe).
When formed Petrocan got rid of a lot of competitors making their product that much more profitable.
And when the company went up for sale a Hell of a bunch of underground tanks were dug up and replaced. Paid for by the governement.
During my trips to and from my house in B. C., I refuel my truck in Grande Prairie. On one side of the highway is an Esso, where I can at least collect PC points. On the other is a PetroCan, which has a larger men’s room.
Decisions, decisions……
BADR
Collect the PC points, then nip over to PeteoCan and leave a deposit.
BADR, that would be a negative on both brands. Ever since the Exxon Valdez, no Esso/Exxon for me, either.
Some Petro-Cans around here are the only place that sell 94 octane.
PetroCan was responsible for more than one Liberal’s fortune.
DB
Funny that ya know…?
I don’t think I’ve been to a Petro can stn in at least 4 decades.
yea, and I remember that sticker all too well…!!
PET Fkd up my life for a good 10 years – the spawn coming to finish it.
Neither of them good enough for fertilizer.
Price controls…. please see today’s boriquagato@substack(dot)com
Not advice – just an IMO. Now is a great time to get into BTC. If I knew how, I’d link to the latest Michael Saylor ‘interview’ (long discussion really).
1 key point: if you are tracking and interested in price fluctuations in the next 4 years of an investment, you are a trader, not investor. If you invest in BTC, you will win.
I guess you didn’t click the link…
Shhh. Don’t tell him.
I literally just finished reading the substack prior to clicking over here. Forgive me, but I did click the link, I just did it before it was on SDA. haha When I saw the CNBC screenshot, I guess it was so top of mind I thought I’d be quick to comment. I don’t think I even saw the link until I came back now and saw comment.
The real point of my post was BTC anyhow. I am no longer amazed at moronic politicians and policy makers fu@&ing things up with regards to the economy. (Among a long list of things)
With perfect timing the Preening Moron decides that farmers are using too much fertilizer.
Starvation and malnutrition in the third world will be the legacy of all the idiots who voted Liberal or NDP.
And some dumb Democrat has already decided that food inflation is a good reason to get an abortion.
hubris and cognitive dissonance will protect the moron, preconditions for the NPC
Farmers already have an incentive not to use too much fertilizer. Fertilizer costs money.
The federal Liberal government will make sure that Ottawa, Toronto, Montreal and Quebec City have lots of gas and lots of food. Perhaps they will also include Vancouver (the lower mainland). They could give a “rat’s ass” about the Prairies and the northern territories.
buy roubles
Of course when it all goes to hell it’s viewed as a failure of capitalism, not socialism.
To put it in terms that those living in socialist Winnipeg can understand, it’s like clobbering an enormous pothole and blaming the manufacturer of your car for the steering/suspension damage.
Temporarily?? Venezuela
Closing in on North Korea, with a Trudeau Family in charge of the disaster.
Price controls hamstring the markets.
Higher prices in a particular commodity send a signal: produce more of that commodity — you will be well rewarded. Price controls distort or eradicate that signal, producing perverse effects.
The result is either shortage of a produce (when the controlled price is too low) or consumers paying too much for a product (when the controlled price is too high).
Destroy capitalism with insane government controls and then tell the sheep how capitalism failed.
They will buy that.
I’m pretty sure this is just to prepare everyone for MP salaries being rolled back to levels when these clowns took over in 2015.
Price controls.
One price for everyone, right?
Or tiered prices based on your social credit score and other parameters?
Unvaxxed pay 10% more?
White skin pays another 10% more?
Members of approved media get a 10% discount?
Cell phone data shows you were at that protest, 25% more?
I’m changing my ‘white’ name to my native name … Shi’shweehe’weq’ … ‘Swims with Beaver’.
Last I checked … EVERY SINGLE major corporation in America is headed and operated by woke fascists who would happily surrender their entire operations to Federal Bureaucrats. I’m surprised that Pete Buttigage isnt already running the corporate boards of every energy and transportation corporation in America. Did you know he’s a gay father?! Now shut up and plan to get your weekly ration of gasoline on Tuesday.
Pete Buttplug? The same one who refused to do anything about the truck backlog at various seaports because he was busy with his “husband” trying to adopt a baby?
I thought he was ” nursing ” said baby.
Regarding Buttigieg:
https://babylonbee.com/news/with-baby-formula-shortage-pete-buttigieg-forced-to-chestfeed
Chestfeed … hahahahaha ha baaaaaaaa
Where’s a wet Nurse when you need one … ?
Governments could instantly lower gas and diesel prices by suspending government fees and taxes. In Canada about 40-50% of the price is due to government price gouging. If politicians won’t talk about that but are yelling about oil company price gouging , price controls and rationing…then politicians are playing citizens for fools.
They’d be right!
Canada distinctly resembles North Korea in its obeisance to a pathetic, posing dilettante who has done exactly nothing in life that wasn’t inherited.
Sadly, that says much about both peoples.
Get ready for your very own homegrown insect diet.
No balls. No beef.
Deer in my yard. Hundreds (thousands?) of migrating geese twice per year in the fields and pastures behind our house. Fish in the river a couple football fields away. All types of small game and fowl. Plus beef, pig and chickens from local farmers and hutterite colonies. Meat will be on the menu around here forever, politicians be damned.
LC
“..then politicians are playing citizens for fools….”
For DECADES…and yes, the past 2 yrs has shown to me, that Canadians are well beyond being Fools.
SEPARATION PEOPLE…it needs to shouted from the Ramparts (if ya can find any..?)
It is truly the only way out from an ORWELL Future
People are naive and trusting but I suspect that current and near future events may “cure” people off those traits.
I been ragging on the stupidity of Canadians for decades, and guess what? They never disappoint, still as dumb as a bag of rocks.