Thursday, February 24, 2011

$1.20 / litre - somebody's rolling in cash ...

I do not drive, so it actually has little effect on my life.  Oh sure, I pay more for groceries - and don't get me started on what I think about buying produce from south africa and transporting it all around the world - and the cost of transit keeps going up & cabs are unaffordable when I used to use them as a matter of course.  But for the most part they cannot hurt me with their conspiracy.

Yes I used the "c-word"   and I did it on purpose.   I believe that there is a silent agreement among the producers that nobody will bring any additional refineries on line.    As long as they can control the supply by preventing bringing any additional into the equation ... they can continue to rake in huge profits on the artificially inflated prices. Of course here in Canada the situation is only exacerbated by the fact that taxes make up a ridiculous portion of the price.   When you add to that the fact that many political type people are invested in the companies involved which precludes any possibility of our governments legislating a change ...  Hardly motivation for change on the part of our "leaders".     You have a situation that would be easily rectified that continues to spiral out of control.

Of course it is only out of control to those who can least afford the trend ...  and a cash-cow to governments, oil companies and anyone rich enough to be an investor.   The proverbial Marie Antoinettes out there who tell the rest of us to "eat c_k"; I do hope that they don't lose their heads.  They may want to lift their collective heads out of the trough long enough to notice that the world is seething with revolution lately ....  The people here & there are getting closer to their tolerance limit  ...  I'm not Nostradamus, but you may want to "pay attention"  ....

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