Lowest oil price in history. .?????.. and ...

[bucket]

They say the price of gas and diesel is going to go up???

Carbon taxes....the change from winter to summer fuel....and of course refineries have to slow production before every tank is full to keep there colluded supply making money....


Carbon tax is Justin's fault.

Change from winter to summer needing more money is a fallacy ...oil was purchased at a higher value going into the winter season....by a factor of 10x the price...


Reducing production to meet demand is code for creating a shortage...


And of course there is the " we bought oil at a higher price and it hasn't worked through the system yet"...

And why is it that low priced oil goes through the system in a day?

Every end user of oil like refineries should have their oil bought at 5 bucks a barrel for as long out as they can ....

But gas increases are coming. ...when oil hits 50 again we will be paying 1.50 a liter for gas....

And there isn't one politician that will investigate the bullshit. ..

[SASKFARMER]

The sheep in the cities aren't buying gas since most are sitting at home. Rural and truckers and essential services are and the companies know they need fuel so up it goes even if crude is what 3.8 a barrel.

[Misterjade9]

WCS was up .82 this morning to $5.08/barrel, oil is less than feed wheat , do you think that all those oil executives can live off less?

[6V53]

Time to quit coop card lock !
Anybody can buy it cheaper at the pump !

And when you phone the local Coop they won't give you a straight answer on the cardlock price.

[wd9]

Why isn't there more refinery capacity in western Canada?

[furrowtickler]

Why isn't there more refinery capacity in western Canada?

Good question , but just a wag .. red tape , over regulation has made it near impossible to even consider projects like that in Canada ?

[Misterjade9]

That's the billion dollar question isn't it. It is still the remnants of being told like we have been since the west was first settled that we must send our raw products closer to the mass of consumers to be manufactured, refined or processed into food and then sent back to us. With us paying freight both ways. It literally is that we are still thought of as the poor uneducated farmers and laborers who toil away so that the rest of Canada can benefit from our work. Can you imagine the difference in value of sending a 100 car train of granola bars out of Sask. instead of sending a 100 cars of raw oats, and the jobs that would come with it. I hate to say this but I hope people have to go hungry for a bit and then maybe they would understand the value of having control over our own food supply chain.

[GDR]

Change from winter to summer needing more money is a fallacy ..

Couple years ago when oil went down the excuse to keep prices up on fuel was that additives for winter increased the cost. So dang well better not be the opposite excuse.

[bucket]

It could be time to quit the coop !

Tried to explain to a local manager that when a super b truck full if fuel leaves for Saskatoon or to the local which is closer that the price should be the same....

Then he talked about volume....well FCL decided the volume when they pulled our bulk plant and said we would get a better price by having tridem trucks pick fuel at a bulk plant an hour away...


People are sheep that are on co-op boards...they buy into suits from Saskatoon...

[Oliver88]

And when you phone the local Coop they won't give you a straight answer on the cardlock price.

The fuel truck driver should be able to give you a price at any time for deliveries or cardlock.

[farming101]

On the last farm fill no prices on the delivery slip !

That's Crazy!

[farmaholic]

On the last farm fill no prices on the delivery slip !

picture proof please.

[GDR]

On the last farm fill no prices on the delivery slip !

I have never had a price on the delivery slip from ufa.

[mbratrud]

They say the price of gas and diesel is going to go up???

Carbon taxes....the change from winter to summer fuel....and of course refineries have to slow production before every tank is full to keep there colluded supply making money....


Carbon tax is Justin's fault.

Change from winter to summer needing more money is a fallacy ...oil was purchased at a higher value going into the winter season....by a factor of 10x the price...


Reducing production to meet demand is code for creating a shortage...


And of course there is the " we bought oil at a higher price and it hasn't worked through the system yet"...

And why is it that low priced oil goes through the system in a day?

Every end user of oil like refineries should have their oil bought at 5 bucks a barrel for as long out as they can ....

But gas increases are coming. ...when oil hits 50 again we will be paying 1.50 a liter for gas....

And there isn't one politician that will investigate the bullshit. ..

First of all I agree with much of what you are saying. Let me be the devils advocate a little though. Saying Refineries should buy out a $5/b is like saying if we suddenly overnight had Canola trading for $2 per bushel crushers should buy a years worth. How many would sell to them at that price? only the most desperate would sell. Many of the oil companies would have had as much as 60% production hedged several months out.

Fuel prices have been supported by the stockpiling of fuel that has been happening, I know local fuel truck driver that's concerned he wont have much work this summer because everyone stockpiling fuel on farms and construction co's. If the Saudis, Russia and Americans come to an agreement oil will probably recover but some analyst have said they can see the Saudis cranking open the taps this until December. If that happens we will see more companies forced to sell at lower prices and could see another leg lower.

Interesting unprecedented times... The integrated companies are going to do what they can to keep Gas in Diesel prices up to support their production side that is hemorrhaging cash. But how long can they do that...?

In the long run we need our Oil Industry to survive.

As for Trudeau and the carbon tax. I fear that's going to be a drop in the bucket in comparison to the taxes coming our way to pay for this disaster unfolding. Farming in comparison to most other sectors is still somewhat viable and I'm sure going to be a sector he will look to Siphon cash from. I'd bet Mornau already drawing up the plans for inheritance and capital gains taxes that will make the carbon tax look desirable.

[wd9]

Good question , but just a wag .. red tape , over regulation has made it near impossible to even consider projects like that in Canada ?

You would think shipping black diluted sludge to Texas, and shipping fuel back has nothing to do with efficiency, but who actually "owns" Alberta.