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Originally Posted by cellophanedeity
We're running out of fuel and using it even more than we used to.
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I remember the comedian talking about the 'Oil crisis' and how we were running out of fuel:
"Yeah, we are running out of fuel. We're running out of that 35 cents a litre fuel. We have enough of the 75 cents per litre stuff. A buck a litre? We have a whole shit-load of that stuff lying around!"
I enjoy talks about lowering taxes on fuel. THE GOVERNMENT WILL NEVER DO THAT, even the crazy people who hate taxes. Would you lower taxes, even though it is providing you with windfall revenue? Better to spend the money and make yourself look benevolent.
We amateur economists look at this situation like a social experiment: What is the choke price? When will people say "that's too much, Bob!"
There are theories that propose that the living wage is pegged to the price of oil, with a little bit of lag. Ask yourself if you have recieved a raise in pay in the last year. How much was it? Definitely not enough to cover the price at the pumps.
BTW, at 1.06, am I paying the most out of all the canadians?