Anyone buy sidewalk salt recently? Notice they now ship air instead of salt?
Also:
The past and potential of Venezuela’s oil sector, and what it means for Canada
Weekend Watch: The Broken Barrel – How Venezuela’s rebirth could impact Canada
Anyone buy sidewalk salt recently? Notice they now ship air instead of salt?
Also:
The past and potential of Venezuela’s oil sector, and what it means for Canada
Weekend Watch: The Broken Barrel – How Venezuela’s rebirth could impact Canada
I first really noticed shrinkflation with coffee about a year or so ago. Same price smaller package
Also known as “the price went up, along with the price of everything else because the government hates you and is deliberately wrecking the economy”.
I don’t know why owning a company that sells things is supposed to magically make someone immune to economics.
I learned to look at price per unit rather than price per package when grocery shopping as a poor university student. Twenty-five years ago. Since then the price per unit has been legally mandated on store shelves; anyone can look and see how much 1kg of road salt is now compared to a year ago.
At some point we’re going to have to say “I’m sorry, you’re just too stupid to be allowed to buy things and vote, you’ll be provided a monthly box of supplies until you learn fifth grade math”.
When I buy toilet tissues, I go price per weight. I take the potential packages over to the produce scales 🙂
Actually, the price per unit – i.e. ounce, gram, pound, kilo etc. – also goes up.
For example, old supply 454gm for $5; new supply 300gm for $4.50.
It’s “supply less, charge more” but with smoke and mirrors the customer is fooled into thinking it’s for less money.
Trump doesn’t like Exxon’s take of it being “uninvestable”.
“I didn’t like their response. They’re playing too cute,” Trump said Sunday of Chief Executive Darren Woods’s comments, adding that other companies want to invest in Venezuela.
Trump should form an oil company to invest in Venezuelan oil.
Trump negotiates oil concessions from Venezuela, then takes his company public. I’m sure millions of Americans would invest.
Trump might even make as much money as Pelosi!
Yup.
I like The Donald, but he’s wrong and he doesn’t have to answer to Exxon investors – I have 4 shares, lol.
Exxon is probably thinking ahead. What if the Demoncraps take over in the near future? What then happens to the investment when the Marxists are put back in charge of Venezuela?
But…..peak oil
Canada as a whole is a resource rich country.
I don’t understand why we ship raw products out.
I know the tree huggers rule supreme but I think we should fully develop our resources at home and sell the finished product.
“I don’t understand why we ship raw products out.”
Because some guy whose name I can’t remember, who I think was CEO of General Electric or something similar, realized that he could get products made really, really cheap by slaves in China and sell them to the affluent workers of the USA.
Because Americans make too much money. And Canadians make too much money as well. So, the once-affluent city of Hamilton Ontario, which used to make everything on Earth from canvas to cars to carbon black, is now an empty shell populated by tweakers and TFWs. The mills and factories that used to make everything on Earth are now condos for the affluent, or empty shells, or empty lots.
And that’s why we ship out raw products, because you can’t off-shore mining, forestry and oil. If they could have they would have, and we wouldn’t be doing anything at all. They split the difference by importing a whole slave population from abroad to undercut Canadian workers, so now we have to compete with the flip-flop mafia that will do -anything- for nothing. Drive 24 hours and fake the log book for 8 bucks an hour? No problem, boss. That’s good money.
And how did that work for GE? I worked for a while for GE.
Because the government has made it prohibitively expensive through regulations and taxes to do value add steps in refinement in Canada?
And that’s even for a refinery that’s been shut down for a century. The government will find a way to trace it to someone. That someone will be forced to employ rent seekers to clean up what hasn’t bothered anybody for a 100 years.
That’s Maple Leaf Refinery being tied to Imperial Oil.
Just got an email yesterday about my Microsoft 365 Personal subscription increasing from $79/yr to $115.
Gotta love central banks. Without which governments would have to balance their budgets. And without which inflation wouldn’t happen.
And with their absence the rise of socialism wouldn’t be possible.
A lot of news of Venezuela’s oil set to destroy Canada’s export market lately, I doubt most of it. Venezuela’s oil costs are not less expensive than producing Canada’s heavy oil, with a few risks there that people in Canada never have to consider.
The media types commenting on Venezuela know very little about the situation there beyond a few large numbers, which if one looks closer are most often wrong too. It doesn’t matter if Vzla has 300 billion or 2 trillion barrels, it’s not available to them where it is at current prices, and only if others have the money to repair what’s gone wrong with the country, it’s all dependent on oil being more than $60/barrel … which won’t happen if they were able to export 5 million barrels as Canada is. The economics don’t seem to work. The oil structure is broken there, and the people remaining there have spent the past 26 years thinking only gov’t work will save them, even while their socialist gov’t ideals destroyed everything which functioned.
‘Shrinkflation’ has been pissing me off for years now.
Why do we even have consumer protection agencies if they ignore this? Why is there not a legal requirement for signage or packaging that points out the new size/price?
When people are immoral, they will work around whatever the written law happens to say. And whenever gov’t is involved in these various agencies, expect the quality of the results to be less than expected.
Far less.
There are times where the intent of the deception is beyond obvious. One day a package of kitchen garbage bags was made available in a far larger box. But once I compared it to my old one, it contained even less bags than before.
I think they’d have a hard time using the potato chips – air protection argument here.
aka justinuh, justinuh, turdeau turdeau turd. turdeau turdeau turd.
It wasn’t so long ago that a bag of Ms Vickies chips was around $3.50 (in my mind 60% + air). Now if you’re lucky they’re around $5. Not sure if there’s more air…..
The drums of doom are getting a real work out.
Sure Can Ahh Duh seems intent of suicide,but Western Independence gains every day.
The cost of producing a barrel of Oil Sands Oil will fall with Western Independence.
Because idiot rule and regulation will be happening so much closer to home and the outcomes will be so much more important to the new nation.
Politicians survival will depend of getting out of the way,versus the old Ottawa play.
Every rule,every regulation has a cost.
Every bureaucratic bottle neck imposes high cost.
Every regulatory body confusion and incompetence costs..
How much of the current cost/barrel is down to obstruction and idiocy?
And then there are the current federal taxes,fees and levies.
The oil Sands are a perfect example of government,the sands are ground down mountains,containing precious metals,rare earth metals and other materials of value..already ground to sand and already being processed to remove the oil.
So harvesting the sands would be a profitable byproduct..
Almost a no brainer.
Not in Canada.
New permits,new water licences, new categories of rule and regulation..
More headaches,some of which contradict the existing operating permits.
Costs and headaches exceeding any reasonable chance of a profit.
The biggest example of “Shrinkflation” is government integrity..
You pay far too much for an invisible “product”.
Ditto “Government Help” AKA “Good Government”,the cost is enormous,the “help” a negative effect.