Friday, December 31, 2010

Gas prices: Where's the outrage?

Larry Elder asks where the media is with their pitchforks this month:

Five dollars per gallon of gas by 2012! A former president of Shell Oil considers this likely. The average price on Christmas Day for a gallon of regular gas reached $3.28 in Los Angeles County, the highest price since October 2008. In one month, the price rose 13 cents, up 35 cents year to year.

Where are the calls to sic Obama's Justice Department on Big Oil to hold the oil companies accountable for "market manipulation"? Why aren't we hunting down the amoral "oil speculators" responsible for repealing the law of supply-and-demand in order to line their pockets?

Silly question, we know where they are.  They are hiding under their desks and hoping nobody remembers what they said two years ago.  Also hoping nobody publicly connects the dots from the gas pump price to Barry's ban on drilling in the Gulf of Mexico.  Or inflation.  Or the Treasury printing a trillion bucks this year.  That's not even hyperbole, they really printed a trillion with a "T".  MSM, hiding.

Well, how about Canuckistan?

Here in Canada, we are praying for three bucks a gallon.  Praying, I tell you.  Why?  Because the price right now in Toronto, the biggest city in Canada, is $1.14 a liter.  1 liter = 0.264 172 052 36  US gallons, thanks to the undead genius of Pierre Trudeau, we pay by the quart.  Canadian dollar is within 6 decimal points of perfect parity with the US dollar today, so apples to apples,  we pay $4.31 a US gallon for gas.  I paid $1.08/quart for diesel yesterday, that was $4.05 a gallon.  Wowzer, such a deal!
Canada is an oil -exporting- country.  We sell the stuff to you guys in the States.  Why does ours cost more than yours by by such a wide margin?  TAXES.  Plain and simple.  Some will quibble that formulations are different, that Canadian provinces add things that are not required in the US, and blah blah blah, but I have it on good authority that the blend they sell in Michigan and California is as expensive as Ontario's, due to ethanol and oxidizers and whatnot.  California may be more expensive.

Where's the outrage in Canada?  Where are the investigations into Big Oil and all that?  Same deal, the sonsabitches are hiding, praying nobody says anything.  Because if anyone -does- say anything, the finger will point to the Liberal Party of Canada, and the Liberal Party of Ontario.  They are the ones who did this.  And because they are the ones, all you hear from the media here in the Demented Dominion is the faint chirping of crickets.

May they all die of toe fungus.

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