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Old 10-21-2005, 02:42 PM   #1 (permalink)
feelgood
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Canada's Oil and Gas Price

This question has been lindering around in my head for awhile now.

Awhile back, I remember reading in several different newspaper relating to the oil and gas industry and how if it wasn't for Sandi Arabia, Canada's oil would've been one of the biggest in the world. Now, if the oil price is regulated by OPEC which Canada isn't a member of. If I recall correctly, the lower the output of oil, the higher the price of oil and via versa.

So, if Canadians are bitching about the fact that the oil price are too high, why don't the government increase our own production to lower the oil price just for all of Canada? After all, what kind of backlash is there gonna be? Other than other countries bitching about us hogging our own oil.
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