Darn economy!

[Slick Fork]

Not saying you're less worthy of employment then anybody else, I feel bad for anybody who's been laid off or who's job is on the line. I've been there and it sucks.

What I have trouble with though, is the oil and gas industry in general screaming about how tough they have it when a few years ago they would've been thrilled with the money per barrel they're getting now. Especially when the cost to fuel up my truck hasn't gone down with the price of oil. Oil and Gas spent the last few years running roughshod over the province not giving a rats ass about the people who's land and lives they were rolling over and now they expect us to feel badly for them when the price of oil drops to more realistic levels.

I'm not so naive to believe that we can do without oil anytime soon, but I'm not going to say I'm sorry to see it slow down a little. And I do mean that with the utmost sympathy for anybody who loses a job over it.

[digital-audiophile]

There is a difference between the oil companies and those that work for them.

Sure, I live a decent lifestyle becuase I work in oil and gas and it keeps a roof over my head and food in the bellies of my family.. but trust me.. I am not living in a $5,000,000 house, nor am I driving a Ferrari.

Only those on the very top of the majors make the "big money"

[awa1979]

The oil companies profits are huge for sure when you look at it, but when you look at the total revenue of many of the companies, the profit margin for some is only around 10%, its not a cheap business to be in.

[Snaz]

Q: Why is oil selling for ~ $30.00 / barrel and I am paying $0.94 / litre?
A: Cash grab by the oil companies and their distributors.

Shameful. Nothing improves an economy quicker than cheap gas, why are we not being passed the savings by the oil companies?

[Tom R]

Don't you just get sick and tired of the oil companies. They close a refinery putting people out of work. Then the next day they increase the price of gas due to production shortages caused by the closed refinery. If it isn't the oil companies its the oil speculators.

Tom R

[hillbillyreefer]

If you don't like how the oil business is run, put up a few million of your own bucks and start one. Then you'll get it.

I don't make a living off the business and I don't feel sorry for them, but they are in it with us. Their costs have risen dramatically over the last few years, service companies want their piece of the pie too. Now the oil companies are cutting back and everyone is complaining. Once the service companies cut back their prices they'll go back to work. It's a cycle it's happened before and it WILL happen again.

I do feel for everyone who has lost their job. I do hope it will be short lived. You never know maybe your next job will be the one that makes you want to go to work, instead of just have to go to work.

[awa1979]

Originally Posted by Snaz

Q: Why is oil selling for ~ $30.00 / barrel and I am paying $0.94 / litre?
A: Cash grab by the oil companies and their distributors.

Shameful. Nothing improves an economy quicker than cheap gas, why are we not being passed the savings by the oil companies?

Remember not all of that goes to the oil companies.

6.75¢ per litre BCTFA
12¢ per litre Translink
1.75¢ per litre Provincial Gasoline

Total: 20.50 cents per liter in taxes, not including the carbon tax or GST.

Take away the taxes, and we are not paying much more then some areas of the US.





Source

[digital-audiophile]

Being in the pipe business, we have seen our costs double from $900/Tonne to over $1800/tonne. These costs of course get passed on to the oil compaines putting the steel in the ground. So perhaps the price of a barrel of oil has dropped by $100, the cost to drill the wells is still the same as it was when oil was $147.

If you think about it:

Calgary gasoline is ~$0.83/Litre
Coffee at Tim Hortons ~$5.00/Litre

My two cents

[Red Coral Aquariums]

Calgary gasoline is ~$0.83/Litre
Coffee at Tim Hortons ~$5.00/Litre


The real canadian black gold

It doesn't jump start our economy but it gets my little business going in the morning. LOL

Kevin