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Martin looking at sending reserves south of the border

September 3 2005 at 9:38 AM
BigE  (no login)
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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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