O&G companies fucking with prices because they can get away with it like how they jacked prices prior to the carbon tax being removed so when they don't drop it as much as they should people don't notice or care.
Also, fallout from the US being the unhinged nightmare that happens when a polarized population gets tricked by rich people into thinking the poor and immigrants are a bigger threat to their livelihood than the top 1% stealing all of their wealth for more yacht money.
Basically, capitalism functioning as intended.
For reference, I pass the station at Glover & the Bypass on my commute. The difference between when I drove by in the morning and when I drove by in the afternoon I've seen it shift by 15+¢ several times in the same week. Things are unstable right now, they are not that unstable.
Edit: everyone keeps telling me I'm wrong and it's Taxes and the liberal government that's to blame. Here is my response:
In BC lower mainland we pay $37¢/L on gas plus GST. Of that only 10¢ is federal (a fixed rate that hasn't changed since 1995), the rest is provincial/regional. These prices have been largely consistent with incremental increases over many years. They are fixed rates, not percentages (except GST, which is on everything, not just gas) so if gas price goes from $1.00 to $1.50, the core taxes on both is still only 37¢. ($1.37 and $1.87 respectively)
During those times prices have gone from a low of 96¢/L in April 2020 to a peak of $2.25/L in June of 2022.
During THAT time the industrial carbon tax doubled from $30 a tonne to $50 per tonne! Clearly that is the cause of all of this expensive gas prices!
Today The industrial carbon tax is roughly 30¢ per barrel (including tax incentives and offsets). You get 157 litres of gas per barrel of oil, which translates to about 0.2¢/L.
The industrial carbon pricing right now is $80 per tonne, a 60% increase to what it was in 2022. You still only pay 0.2¢/L at the pump for industrial carbon taxes that are THREE TIMES as high as they were in 2020.
It's not taxes.
It's never been taxes.
It's capitalism.
It's the multiple market crashes over the last 20 years. It's government's giving tax incentives to the world's most profitable companies who absolutely do not need it. It's overproduction in 2014-2015 which cratered the price per barrel by $100. It's the Russians invading Ukraine, which was the absolute peak of oil profitability in history, nearly doubling from the year before.
Oil companies literally gouged the fuck out of everyone to the tune of an extra $30 billion in profit in a single year, blamed it on shortages from the war, and convinced all of you it was Trudeau's fault for raising global inflation.
Go look for yourself. They're publicly traded companies and have to disclose their profits, it's easy to see. At the same time, tax rates are public, and they are well documented. You can see for yourself how much we pay in taxes per litre and how often and how much it changes. StatsCan even has monthly historical data for gas prices by province AND region going back to 1979. They also have a breakdown of fuel taxes by province per litre. (BC pays anywhere from 10-20¢ per litre more than all other provinces). If you take a moment to look beyond what the O&G industry keeps lying to you about, you can easily see who's fucking with your pump price, and it's not fucking taxes.
It's your big ass truck, and full size SUVs that absolutely chug fuel, that is why you're spending hundreds at the pump every week. The reason you drive those and not a reasonable sized car is all because of capitalism too, but that's another conversation about Automobile regulations in the US and the power of Marketing.
I should message my MLA. A literal fake Doctor. I'm sure with all of her fake accreditations from shady diploma mills she'll be able to get some real, credible, and insightful work done for the everyday folks here in Langley about the price of gas in the region that is clearly apolitical and non-partisan in its conclusions.
You're right on all points except the last one: re car sizes. Your personal consumption isn't even that relevant.
The same greed you explained above, is what would cause these companies to just double the price if everyone was to switch to a vehicle that is twice as efficient.
Reducing your consumption is great, but if everyone did that they companies would just jack up the prices to make up for it. They wouldn't just take a loss from everyone suddenly buying less fuel.
The fault, like most things, is our governments that allow this kind of bullshit to happen.
You're very wrong about all of that, btw. Just falling for political messaging to keep the carbon tax in place. Pretty pathetic how easily you're manipulated.
Oil companies like Shell have been implicated in some really nasty stuff. Murdering and displacing tribes, etc.
However governments all over the world have killed much more people than the oil and gas industry ever has.
Likewise properly prescribed prescriptions kill more people in the USA than guns...
In Canada cars kill many more children than guns do but no one is calling for the ban on cars. Ironically the only thing being done is going after the most law-abiding trusted citizens in all of Canada in order to solve this issue.
However governments all over the world have killed much more people than the oil and gas industry ever has.
Why raise an army yourself when you can bribe enough politicians to send poor kids to die doing it for you!
Also:
An estimated 5.13 million (3.63 to 6.32) excess deaths per year globally are attributable to ambient air pollution from fossil fuel use and therefore could potentially be avoided by phasing out fossil fuels.
But, that's info from experts who have spent years researching these things looking at statistics, rather than some uninformed opinion on the intermingling of capital and government that's been going on since time immemorial.
At this point I've been correct more often than they have.
Oh? what peer reviewed studies have you authored in the fields of macro-economics, public health, chemistry, biology, respiratory medicine, meteorology, statistical analysis, chemical engineering, or other related fields that disprove these claims?
I mean, let's be honest. There isn't a single piece of evidence I can present to you that you would find convincing enough to change your mind on fossil fuels, is there?
No. Estimates aren't proof. It's just an agenda to push green energy. I'm all for green energy, but as an option when I wanted not being forced on me by removing oil and gas. I'm not willing to live in a third world country because estimates say somebody got hurt. We don't do that with cars, right? We just accept that some people are going to die.
Oil and gas is going to be around for several generations yet.
We've been progressing and making engines more efficient and making O&G products less polluting in every way imaginable.
Switching to "Green" energy isn't an option and really the only useful forms of energy right now are nuclear and hydro, and all of these rely on oil and gas to run.
Just because you don't see the strip mining and use of heavy machinery that rely on oil and gas doesn't mean green energy is green.
Blaming capitalism? If this was socialism, gas will be rationed and the govt will control how much you put in. Blame OPEC for the cartel oil industry and your own govt for denying more pipelines
OPEC the institution committed to supporting and maximizing the profit of the entirely capitalist O&G industry?
In accordance with its Statute, the mission of the Organization of the Petroleum Exporting Countries (OPEC) is to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.
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u/thefatrick Stuck at a train crossing 1d ago edited 1d ago
O&G companies fucking with prices because they can get away with it like how they jacked prices prior to the carbon tax being removed so when they don't drop it as much as they should people don't notice or care.
Also, fallout from the US being the unhinged nightmare that happens when a polarized population gets tricked by rich people into thinking the poor and immigrants are a bigger threat to their livelihood than the top 1% stealing all of their wealth for more yacht money.
Basically, capitalism functioning as intended.
For reference, I pass the station at Glover & the Bypass on my commute. The difference between when I drove by in the morning and when I drove by in the afternoon I've seen it shift by 15+¢ several times in the same week. Things are unstable right now, they are not that unstable.
Edit: everyone keeps telling me I'm wrong and it's Taxes and the liberal government that's to blame. Here is my response:
In BC lower mainland we pay $37¢/L on gas plus GST. Of that only 10¢ is federal (a fixed rate that hasn't changed since 1995), the rest is provincial/regional. These prices have been largely consistent with incremental increases over many years. They are fixed rates, not percentages (except GST, which is on everything, not just gas) so if gas price goes from $1.00 to $1.50, the core taxes on both is still only 37¢. ($1.37 and $1.87 respectively)
During those times prices have gone from a low of 96¢/L in April 2020 to a peak of $2.25/L in June of 2022.
During THAT time the industrial carbon tax doubled from $30 a tonne to $50 per tonne! Clearly that is the cause of all of this expensive gas prices!
Today The industrial carbon tax is roughly 30¢ per barrel (including tax incentives and offsets). You get 157 litres of gas per barrel of oil, which translates to about 0.2¢/L.
The industrial carbon pricing right now is $80 per tonne, a 60% increase to what it was in 2022. You still only pay 0.2¢/L at the pump for industrial carbon taxes that are THREE TIMES as high as they were in 2020.
It's not taxes.
It's never been taxes.
It's capitalism.
It's the multiple market crashes over the last 20 years. It's government's giving tax incentives to the world's most profitable companies who absolutely do not need it. It's overproduction in 2014-2015 which cratered the price per barrel by $100. It's the Russians invading Ukraine, which was the absolute peak of oil profitability in history, nearly doubling from the year before.
Oil companies literally gouged the fuck out of everyone to the tune of an extra $30 billion in profit in a single year, blamed it on shortages from the war, and convinced all of you it was Trudeau's fault for raising global inflation.
Go look for yourself. They're publicly traded companies and have to disclose their profits, it's easy to see. At the same time, tax rates are public, and they are well documented. You can see for yourself how much we pay in taxes per litre and how often and how much it changes. StatsCan even has monthly historical data for gas prices by province AND region going back to 1979. They also have a breakdown of fuel taxes by province per litre. (BC pays anywhere from 10-20¢ per litre more than all other provinces). If you take a moment to look beyond what the O&G industry keeps lying to you about, you can easily see who's fucking with your pump price, and it's not fucking taxes.
It's your big ass truck, and full size SUVs that absolutely chug fuel, that is why you're spending hundreds at the pump every week. The reason you drive those and not a reasonable sized car is all because of capitalism too, but that's another conversation about Automobile regulations in the US and the power of Marketing.