Fuel Prices...

I appreciate your patience Jon. I know a little bit about how the American system works (in theory ) but not so much about the Canadian system.

We grumble about high fuel prices, windfall profits, and BIG OIL here but the thing to consider is it's not really the company that's reaping the harvest. These are publicly owned companies so it's the stock holders that benefit. You know .... some average guy with a 401 k. that has a diversified portfolio might have a few shares and something salted away for retirement. I know some oil company CEO's and they're doing okay too.

Hard to say ... maybe some of your key industries are government owned & operated ? That would be a different way of returning the profits to the people.



I've noticed that diesel hasn't come down much in these parts. Could be good old fashioned supply & demand. It used to be than #2 home heating oil and diesel were the exact same thing. The only difference was that you paid road tax on diesel.

That's changed some because the diesel is a much cleaner burning fuel now. None the less ... when they're distilling crude oil both #2 and diesel come out of the same fraction.

There's a wicked demand for home heating oil here this year. If you go by heating degree days the winters here have been getting progressively colder for the last three years.

Maybe the price of diesel will ease once the refineries shift their focus away from producing mass amounts of # 2 in favor of diesel.

Might be it's all just a racket .... I don't know. It seems like i've seen production reports on line somewhere in the past. You would be surprised at the amount of transparency there is in the industry. The OPEC stuff is particularly interesting.