2022 Gas Prices - Will $2(+) per Litre slow you down? | Page 11 | GTAMotorcycle.com

2022 Gas Prices - Will $2(+) per Litre slow you down?

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Just noticed this on YouTube

If life wasn't already difficult for some with inflation and higher costs of goods, the gov decides is should make it even worse.

Pretty sure they edited a clip from when they announced the carbon tax scheme infront of the editorial video, so not sure how reliable this is now.
 
sburns said:
Just noticed this on YouTube

If life wasn't already difficult for some with inflation and higher costs of goods, the gov decides is should make it even worse.

Pretty sure they edited a clip from when they announced the carbon tax scheme infront of the editorial video, so not sure how reliable this is now.
Click to expand...
saw this but only the Sun is talking about it. i'll leave it at that.
 
mimico_polak said:
I don’t think many would be surprised.

Demand has to tank for prices to drop.
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Is there more demand then before COVID. I understand it was quite low during COVID, and when things started up again there would be surge in demand but certainly eventually it would be back to pre COVID. But sensing the pricing won't be.
 
sburns said:
Is there more demand then before COVID. I understand it was quite low during COVID, and when things started up again there would be surge in demand but certainly eventually it would be back to pre COVID. But sensing the pricing won't be.
Click to expand...
Oil companies have been smarter this time. Usually prices go up they build to increase capacity then that causes prices to crash. This time no one is building new capacity as they see how that has hurt every time they do it.

Sent from my Pixel 5 using Tapatalk
 
sburns said:
Is there more demand then before COVID. I understand it was quite low during COVID, and when things started up again there would be surge in demand but certainly eventually it would be back to pre COVID. But sensing the pricing won't be.
Click to expand...
Don't quote me on this but I recall hearing of a report where China was posed to surpass (by record numbers) the post-COVID bounce and their demand will be at it's highest peak.

Let's face it...demand has to REALLY tank to record lows for oil to start dropping. People are paying it no matter what, so the oil companies don't have really any incentive to lower pricing.

Higher barrel price = higher profit = higher tax to gov't = FU consumer

Everybody wins...that's not us.
 
mimico_polak said:
Don't quote me on this but I recall hearing of a report where China was posed to surpass (by record numbers) the post-COVID bounce and their demand will be at it's highest peak.

Let's face it...demand has to REALLY tank to record lows for oil to start dropping. People are paying it no matter what, so the oil companies don't have really any incentive to lower pricing.

Higher barrel price = higher profit = higher tax to gov't = FU consumer

Everybody wins...that's not us.
Click to expand...
I hate to say it but I have made more on this than I will spend on gas in my life
 
Relax said:
So, any recommendations for energy stocks? Been wondering what to invest in (and when). I know, this is probably more for the stocks thread, but since the can was opened...
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I'm fairly heavy into Enbridge. They have a solid dividend record and are a safe and stable (IMO) stock.

I had the same question to @Scuba Steve but just found this...

dividendearner.com

Best Energy Stocks In Canada For January 2024

Energy stocks represent a large portion of the Canadian stock market but there are changes coming with renewable energy. Choose your oil play wisely.
dividendearner.com dividendearner.com

My current BEST performer has steadily been VGRO. With a decent dividend and stability.
 
Everybody wins...that's not us.
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cept the planet
1656006568750.png :rolleyes:
My bike gets reliably 70+ mpg and I still have dropped my riding time as it was blowing my limited budget.
Looking at eBikes around $500 for the local errands....not quite there yet.
Interesting times. :coffee:
 
Relax said:
So, any recommendations for energy stocks? Been wondering what to invest in (and when). I know, this is probably more for the stocks thread, but since the can was opened...
Click to expand...
About a year and a half ago was the time to invest

Sent from my Pixel 5 using Tapatalk
 
mimico_polak said:
I'm fairly heavy into Enbridge. They have a solid dividend record and are a safe and stable (IMO) stock.

I had the same question to @Scuba Steve but just found this...

dividendearner.com

Best Energy Stocks In Canada For January 2024

Energy stocks represent a large portion of the Canadian stock market but there are changes coming with renewable energy. Choose your oil play wisely.
dividendearner.com dividendearner.com

My current BEST performer has steadily been VGRO. With a decent dividend and stability.
Click to expand...
I have fru and vet in my portfolio but bought them near the bottom been a bad couple of weeks but I think they will be back next month.

Sent from my Pixel 5 using Tapatalk
 
Scuba Steve said:
I have fru and vet in my portfolio but bought them near the bottom been a bad couple of weeks but I think they will be back next month.

Sent from my Pixel 5 using Tapatalk
Click to expand...
I thought you sold all your holdings….or am I confusing it with @Gary?
 
Everyone at my work keeps saying renewable energy is the way to go right now with stocks, but honestly oil is far from dead.
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