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Oilmageddon Continues


 

 

Nobody doubts the rising price of oil, if it continues at this frenzied pace, will have profound effects on our lifestyles. The truly surprisingly thing is just how quickly it seems to be happening. Changes that people once thought wouldn’t happen for decades, are taking place right now. This story from the New York Times today  outlines some downright apocalyptic sounding scenarios:

“Here in the Mississippi Delta, some farm workers are borrowing money from their bosses so they can fill their tanks and get to work. Some are switching jobs for shorter commutes.

People are giving up meat so they can buy fuel. Gasoline theft is rising. And drivers are running out of gas more often, leaving their cars by the side of the road until they can scrape together gas money.”

In the U.S., gas prices recently hit an incredible $4 a gallon. And it’s only expected to get worse this summer. It’ll be the same story in Canada. 

 

 


 
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Oilmageddon Continues

  1. We already pay about $5.30/US Gallon.

  2. Right. I wish I was still paying as little as $1.056/L ($4/US gal). And I’m appalled that I can even say that.

    To add a little context to an otherwise me-too post: even before taxes, the 1.287 $/L I paid on Friday was an astronomical 98.5 cents (%5 gst, 10c (fixed) fed excise, 14c (fixed) ont excise; the excise taxes haven’t increased in years).

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