| No one questions it. |
| Folks we have been watching the news, the past few weeks, about the price discrepancies, now
that the Canadian and American dollars are now trading at par. |
| People are complaining about the cost of winter jackets in Quebec, the cost of books at the book store, the cost of toys at Wal-Mart and the amount charged to cross the bridge to get the US to scoop up bargains. Yet no one complains about the biggest rip-off of them all. |
| Do you realize that we are all being cheated every day by the big oil companies and no
one has noticed? |
| Let me explain it to you in simple terms. |
| Crude oil is sold around the world in US dollars. |
| On January 1, 2007 a barrel of oil was selling for approx. $75US. That translated to approx. $110 Can. |
| On October 1, 2007 a barrel was selling for approx $80US. Which translates to approx $80Can or at par. |
| What that means is that we here in Canada, can boast that the cost of a barrel of oil, for us,
has decreased by $30 a barrel. |
| No other country in the world has ever seen a decrease of that magnitude. |
| That should make us ecstatic. But we are not, because in that same period,the price of a liter of gasoline has increased by $.15. I wonder what excuse the big oil companies are going to come up with for not passing some savings on to us consumers? |
| They do not hesitate to pass price increases on to us, do they? |
