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Martin looking at sending reserves south of the border

September 3 2005 at 9:38 AM
BigE  (no login)
from IP address 198.164.30.51


Response to Same here

 

In an effort to boost supply Paul Martin is looking into releasing some oil reserves to stem some of the problems with the oil supply in North America. I haven't read too much into what the plan is, but anything can help.

I remember hearing stories of the Argentinian currency crisis, where the price of a meal at a restaurant would inflate during your meal. I felt that to some effect yesterday driving my brother back to university. I was fortunate to fill up at $1.19/litre only for the price to rise to $1.39 per litre by the afternoon. With a 40 litre tank, I saved about $8 bucks on one tank by filling up 2 hours earlier. I'm not great at metric conversion, but I think there are 4 litres in a gallon, meaning right now we're paying $5.60 per gallon here. Of course, a good chunk of that in Canada is made up of taxes. It's mind boggling.

 
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