Huge lineup for Costco gas!!!

[Badgerbadger]

Originally Posted by hal53

You really need to get a life other than sitting on AO waiting for me to post something..........

Your assumptions are incorrect.

[Sundancefisher]

Originally Posted by Badgerbadger

His comment intimated he was ignorant of that.

Ok. Be careful. You are coming across as ignorant on how much more he knows than you on this subject.

Trolling is bad. Especially targeting one guy.

[Sundancefisher]

Originally Posted by hal53

Gotta love the "oil belongs to all Albertans" comment. Then go ahead and drill a well and fill up your gas tank...that's how it works...right?

Interesting fact. I sure you know this but others likely not.

We all agree that where one wants to make a profit business is best at it.

Albertans want to make a profit on oil and gas rights.

As mentioned there is 81% Crown mineral rights in Alberta.

Freehold rights are owned by companies (via railroad grants) and individuals (via homesteading).


Companies (CPR, CN Rail, HBC...) 4,825,939.25 ha 7.28% of province

Private Individuals (Homesteaders) 361,325.36 ha 0.55% of province

What is interesting that in the past the companies that owned the mineral rights drilled on their own land. However from a value perspective they found that companies that just owned the lands and leased them out as Alberta does makes more money for them.

As a consequence companies like PrairieSky and Heritage sprang us as pure land owners and do no operations.

So even in the business world the model Alberta follows is duplicated to get the most value for the mineral owner.

If someone does feel mineral ownership is key to wealth...buying stocks in such companies would be the way to go however I am not licensed to provide financial services nor an owner myself...it is just my personal opinion.

[Newview01]

2008
Oil - $145Can a barrel
Gas - $1.35 L

2018
Oil - $68Can a barrel
Gas - $1.32

I'm not buying your arguments Sundance. I agree with you on a lot of issues, but not this one.

I understand they are public companies, but you are a fool to believe that all aspects of their cash flow and expenses are also public. Profit can be hid in so many different ways... Which would vastly benefit the corps. in question.

Now obviously there are a host of other factors i.e. exchange rate was better then, taxes are higher now, but I really struggle with believing that the cost to produce a L of fuel has gone up that much.

I'm not saying I will never change my mind, but right now this is my train of thought.

[Sundancefisher]

Originally Posted by Newview01

2008
Oil - $145Can a barrel
Gas - $1.35 L

2018
Oil - $68Can a barrel
Gas - $1.32

I'm not buying your arguments Sundance. I agree with you on a lot of issues, but not this one.

I understand they are public companies, but you are a fool to believe that all aspects of their cash flow and expenses are also public. Profit can be hid in so many different ways... Which would vastly benefit the corps. in question.

Now obviously there are a host of other factors i.e. exchange rate was better then, taxes are higher now, but I really struggle with believing that the cost to produce a L of fuel has gone up that much.

I'm not saying I will never change my mind, but right now this is my train of thought.

No fool here. Just knowledgeable on the subject.

What was the wholesale price of gasoline in 2008? Over a 10 year span time value of money and costs and inflation impacts value difference.

Now you lose me in your tone.

This you can't be right, your public data can't be right, companies are lying, companies are hiding stuff...this paranoid delusionary conspiracy language says for you...your gasoline purchases are emotionally connected to your younger days and can't grasp that prices go up over time.

You also clearly have no connection to understanding the full value chain for the production of gasoline from the exploratory, to the drilling operations, to the transportation to the refining to the distribution. Remember. Oil doesn't come out of the ground and the oil company runs it through a machine to create gasoline. It is a complicated and expensive process...hence the commodity price is where it is. Hence there is no company making crazy profits.

What can I say. If you don't understand the facts...I guess we just go fishing instead as there is no turning the Titanic when the captain is asleep.

LOL

I know you will come around. I feel for ya. I remember gasoline when I was a kid paying $0.33/litre. Even hit a $0.11/litre price war.

I have looked very hard into this... I hate being ripped off. I accept fair pricing. In this instance I accept fair pricing.

Companies can't hide info. They would go to jail.

[Sundancefisher]

Likely other fun graphs.





Don't have the newest yet.

2008 is here. In a PDF.

http://publications.gc.ca/collection...1-2008-eng.pdf

[Sundancefisher]

Originally Posted by Newview01

2008
Oil - $145Can a barrel
Gas - $1.35 L

2008 was a scary year for prices.



Remember price of gasoline went up because of high demand and low supply factors in the market.

We are now impacted by other market factors impacting gasoline futures including the potential rail strike.