gasoline price

[Guest]

problrm is that they have lent most co -ops money and now run them with federated managers. need to start a real co-op again as they are just another big company worried about making big money and paying huge salaries but only on the federsted side

[wmoebis]

Just drove around town. Shell is the most expensive gas price. They have their own oil weells,refinery and retail. Think they are feeling lower oil price?

[monte]

Big oil wins no matter what the prices are.

[fjlip]

Big oil needs a watchdog with TEETH just like RR's. Sure as hell massive gouging at $67 CAD/ barrel. About $0.30/ litre, 1.36/ gal, gouge.

[bucket]

No refiner is paying 67 bucks a barrel.

Both refineries are heavy oil upgrades so the price they pay is probably half.

[farmaholic]

According to tweety's logic, if you compare the fact we keep buying the canola seed at current prices and people keep buying fuel at current prices......there is no problem because we keep buying. I guess we are all supposed to build refineries.

[fjlip]

And be seed growers and millers, and crushers, have your own RR, trucking company, and elevator...

[TOM4CWB]

fjlip,

Any one who thinks seed growers are getting rich... should grow seed for a couple of years and find out! Any grain grower can do this... if they actually think their's is a pot at the end of the imaginary rainbow (that is an illusion (as if there were profit; anyone and their dog could grow seed)!

Don't you grow seed already?

[TOM4CWB]

The most expensive refinery on earth... and the ND's want to build more of them for you!!!( I don't think it matters where you live... you just may get your wish!)

Alberta taxpayers could be on hook for $26B oil refinery

North West Redwater Partnership responds to Ted Morton's report, says numbers are wrong

By Tracy Johnson, CBC News Posted: Apr 17, 2015 12:11 PM MT| Last Updated: May 11, 2015 4:40 PM MT
http://www.cbc.ca/news/canada/calgary/alberta-taxpayers-could-be-on-hook-for-26b-oil-refinery-1.3037519

The debate over upgrading bitumen in Alberta has long been fraught with hard-nosed economics facing off against the political desire to add value to raw bitumen — selling it for a higher price, while still creating good jobs in the province.

Before the 2008 crash, there were multiple private sector proposals for upgraders around Edmonton, but the economics fell apart as oil prices dropped.

Only one of those plans, the North West Sturgeon Upgrader, went ahead with backing from the provincial government and Canadian Natural Resources. It's expensive, long-delayed and Ted Morton, a former Tory cabinet minister who had a role in the decision, says taxpayers are on the hook for the project that is going to have a hard time making any money once it opens in 2017.

..."It became obvious that the initial incentive of just guaranteeing the 30-year of supply of bitumen would not be sufficient. And so the deal was sweetened," said Morton.

As the years moved on and the construction costs increased, Morton says the deal continued to be sweetened to the point where taxpayers are now essentially on the hook for $63 per barrel in processing costs over the 30-year life of the program. That's a number that is clearly not economic at the current level of energy prices.

Late on Friday, the North West Redwater Partnership, which is building the upgrader, responded to Morton's report, suggesting his numbers are wrong. NWR is effectively a partnership between Canadian Natural Resources and the provincial government.

Here is a portion of the statement:

The paper determined the costs per barrel by reference to 50,000 barrels per day of raw bitumen. This is not appropriate because the feedstock the refinery will process is diluted bitumen in the quantity of approximately 78,000 barrels per day. By using the wrong feedstock and quantity the processing fee is over stated by over 55 per cent.

NWR says, by its math, the toll is actually less than $35 per barrel of diluted bitumen.

$30/Barrel oil should give us 0 royalties!!!?