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Electric heat don't look so bad now.

Did Russia ramp up it's war effort or something ??? what da fek am I missing here ?? that was the driving force when this chit started a few months ago !!
I know the oil companies are dusting off their idle gear out west....job fairs here now looking for rotational workers again.
 

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I know the oil companies are dusting off their idle gear out west....job fairs here now looking for rotational workers again.
Do not look for any decreases in prices from any activity in the oil patch out West. We are the fourth largest oil producing country in the word, and yet we have no pipelines to our coasts. The East coast is dependent completely on foreign oil so we are at the mercy of whatever oil prices are on the world market. There is a pipe line from out west and from USA to Quebec refineries, but Quebec will not allow a energy corridor to the east, so the oil stops at Quebec Quebec wants a energy corridor West to export Hydro, but does not support a corridor East. As I see it, if the world is drawn into a war with Russia, one Russian submarine in the Bay of Fundy would stop all shipments of oil to the Irving Refinery in St John N.B. and the East Coast would come to a standstill. Climate change or not, we will be dependent on foreign oil for a long time.We have learned nothing from WW2

 

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Except all the machinery to harvest and deliver firewood also runs on diesel so cord prices will climb sky high also I’m sure.
Yes I don't think people realize just how much todays machinery that brings our product burns diesel. Hate to say it but what ever you were thinking of buying it will soon double. I have a buddy that is a store manager at Home Hardware. They cannot keep up to the price changes. Told me some stores now have a delivery fee of over $100 to the customer on top of the insane product prices. No house prices will ever decrease at this rate. My little tractor took about $20 to fill two years ago, no doubt now $50. Some people in my subdivision that have big diesel trucks for camping, trailer towing, side by side etc are all ready parking them. Nice to pay $80,000-$100,000, payments and no use. My tractor with only 140 hours will be no doubt the same.
 

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We'll be in recession by summer's end! If not sooner.Mark my words.
 

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Watched a show last night about where no one can explain WHY the costs of fuel have gone so crazy
Yeah, I'm not buying the Ukraine excuse. We've had conflict and instability in the Middle East for over 2 decades and it never drove up fuel costs like this. If you ask me, it's intentional.
 
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Yall have short memories, do you forget that gas prices dipped below 70/L ?? Revenue for them big oil companies was down, people lost jobs because they didn't get the expected return on investment, the new guys are making up for lost revenue. But since theres very little change in demand prices will go up until they hit the market threshold then things will begin to normalize at a new "normal" price
 

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It's not that hard to understand. Sleepy Joe killed a bunch of production in the US. That increases demand for current production,means higher prices Most of our oil sands have been deferring maintenance for the last two years due to covid and now have no choice but to do shutdowns because they are at a critical point where the maintenance can't be pushed any further. Shutdowns mean more lost production,means more demand than supply,means higher prices.
My site is having its largest ever shutdown right now. Virtually no production for this summer. Last I heard my site is around 250k barrels per day. Mine isn't the only one with shutdowns happening. Less supply,high demand=higher prices. Prices may come down in the fall once everyone gets their maintenance done and things come back online.
The war in Ukraine certainly doesn't help the situation. Tanks and Aircraft don't run on unicorn pee and they burn fuel like theres no tomorrow.
The fact that people are travelling again also has an effect. Passenger plains burn huge amounts of Jet-A which is basically refined Diesel fuel. We put 16k Litres on one plane last week that flew from Ft Mac to Calgary because there was bad weather and they might need to go to Vancouver as an alternate landing. Planes flying overseas routinely take 40-50 thousand litres per flight. Take a look at flightradar and the amount of planes in the air will shock you. During lockdown most airlines weren't moving much. More demand,higher prices.
 

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Do not look for any decreases in prices from any activity in the oil patch out West. We are the fourth largest oil producing country in the word, and yet we have no pipelines to our coasts. The East coast is dependent completely on foreign oil so we are at the mercy of whatever oil prices are on the world market. There is a pipe line from out west and from USA to Quebec refineries, but Quebec will not allow a energy corridor to the east, so the oil stops at Quebec Quebec wants a energy corridor West to export Hydro, but does not support a corridor East. As I see it, if the world is drawn into a war with Russia, one Russian submarine in the Bay of Fundy would stop all shipments of oil to the Irving Refinery in St John N.B. and the East Coast would come to a standstill. Climate change or not, we will be dependent on foreign oil for a long time.We have learned nothing from WW2

I agree. I think high fuel prices are here for the foreseeable future. Nothing happening in Alberta's oil patch now will have any effect on our fuel prices for years.
I'm the first one to say that we need alternative sources of energy to replace oil. Hyrdo electric, nuclear powered generating stations, solar, wind turbines, better battery technology to allow more efficient mass storage of electricity, etcetera. BUT, in the meantime, we need pipelines from Western Canada to both coasts. Period! I get why many people are against pipelines but they look damm good compared to freezing to death because fuel is either too expensive or too scarce.
I worked for a manufacturing company for years and I've never been a fan of bringing raw materials or subassemblies from the other side of the world! Sounds great and looks good on paper. But.....Getting chit from another province can have enough issues when there is a tiny hiccup, let alone getting it from China etcetera as the pandemic has very clearly shown. And now that's being reinforced by the Ukraine conflict. Time to go back to the old days when most stuff you bought/used commonly was made in Canada or at least North America. Sure still import stuff but we need to be self reliant and we have not been for years now!
 

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Discussion Starter · #317 ·
Just got home from Florida. Drove through 12 states. Diesel prices ranged between $5.35 to $6.58 per gallon. The closer to canada … the more expensive it got. Pure greed with the oil companies. They have to get their profits back to pre-covid days. The Putin / Biden war is not helping things either.
 

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Just got home from Florida. Drove through 12 states. Diesel prices ranged between $5.35 to $6.58 per gallon. The closer to canada … the more expensive it got. Pure greed with the oil companies. They have to get their profits back to pre-covid days. The Putin / Biden war is not helping things either.
So that means the Americans are paying the equivalent of $2.45 to $3.02 per litre depending on where they are. Not too surprising that the price is higher the farther north you get as most of the refineries are in the deep south I think. I would have expected their prices to be lower than they are here. As you say, have to keep those profits up. Though it would be very interesting to know how much of their price is tax as compared to here.
 

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Guaranteed and i don't think ww3 is far away,Does diesel last longer than gas when its stored cause i no it first off the column which means i should be cheaper than gas.
I found storing any diesel for a few months one will see black sludge floating in the bottom of the container. I think it lasts less in storage than gas.
 

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Just ordered oil for the greenhouses for monday $2.16 a L and he says going up over the weekend. Last year same date I paid 87 a L
Well a bit lower today so it went down over the weekend not up buddy just left
2.06 a L
It's killing me $1750 since 1st of april and still have a furnace to turn on wednesday :( Joke is riello F3 burners with .50 nozzles no smaller made plus low temp set at 55 this year vs 62 normally so have to live with it
 
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