[Frost__2001]

ANTHONYD,Sep 3 2005, 07:47 AM Wrote:I guess with the prices being what they are... It's almost worth what it costs to harvest and refine the stuff now.

What I don't get, is I was under the inderstanding that Canada had a 75billion dollar surplus (reserve) of petrol. What happened to it all? and why are we following what the U.s is doing????
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Actually Canada is an Oil Producing / refining country. We Don't have a national Surplus like our american neighbors, as we export most of our oil around the world, Since we make more then enough of it. The sad thing is Oil in this country says it's high demand, or low surplus, of from the damage of the hurricane in the south and that's why we're paying what we are paying at the pumps, But reality is if we make more than enough for Canada, why is our prices so high in our country? Because Canada has to go with everyone else as to what it's priced. I remember doing a report in High school on exporting of oil, and it broke down to something like this as to where our oil is going.

10% - going to Europe
10 - 15% - goes to Asia
50% - Goes to our american nieghbors
25 - 30% - stays right here in Canada.