A lot of folks can't understand how we came to have an oil shortage here in Canada .
Well, there's a very simple answer, Nobody bothered to check the oil.
We just didn't know we were getting low.
The reason for this is purely geographical.
Our Oil is located in:
ALBERTA SASKATCHEWAN BRITISH COLUMBIA MANITOBA COASTAL NEW BRUNSWICK COASTAL NEWFOUNDLAND Our DIPSTICKS are located in OTTAWA Any Questions ??? NO ?... Didn't think so!!!
-- Edited by crazyj on Monday 7th of March 2011 03:48:46 PM
I heard on BNN that Canada is one of two countries that does not have a strategic oil reserve. There are private reserves mostly to allow continued exports (to the U.S) if there were problems here. 50% of our oil is imported. Apparently if the supply of imported oil were cut off, there is no cost effective way to transport our crude any further east than Ontario. Have we not seen the risk of Middle East tension for years and still there's no contingency plan? There are fears of $200 a barrel oil if the unrest spreads to Saudi Arabia (1 year projection of $121 without Saudi unrest)
'64 Parisienne CS "barn find" - last on the road in '86 ... Owner Protection Plan booklet, original paint, original near-mint aqua interior, original aqua GM floor mats, original 283, factory posi, and original rust.
When you let the environmentalists ( communist`s ) take over and set the agenda..This is where you end up.Unions and environmentalist`s are great at killing jobs.
How many oil wells in Ontario anyways ???? zero...right?
History tells us that North America's first commercial crude oil well was completed in Ontario in 1858 in Oil Springs, which is in Lambton County. This area became a place of sudden wealth producing up to 5,000 barrels a day. Other areas were Oil City and Petrolia. A quick look on the Province of Ontario MNR web site indicates that there are 1,045 active in service oil wells in Ontario. Given that Ontario has over 13,000,000 people or more than 40% of Canada it can not produce anywhere near enough oil to satiate this demand.
PS: I just put 40 PSI in my tires, that equals free miles per gallon. You can feel the difference immediately in how the car rolls.
-- Edited by 73SC on Tuesday 8th of March 2011 12:55:03 AM
How many oil wells in Ontario anyways ???? zero...right?
History tells us that North America's first commercial crude oil well was completed in Ontario in 1858 in Oil Springs, which is in Lambton County. This area became a place of sudden wealth producing up to 5,000 barrels a day. Other areas were Oil City and Petrolia. A quick look on the Province of Ontario MNR web site indicates that there are 1,045 active in service oil wells in Ontario. Given that Ontario has over 13,000,000 people or more than 40% of Canada it can not produce anywhere near enough oil to satiate this demand.
PS: I just put 40 PSI in my tires, that equals free miles per gallon. You can feel the difference immediately in how the car rolls.
-- Edited by 73SC on Tuesday 8th of March 2011 12:55:03 AM
I knew someone on here would know the answer to my question as to eastern Canada's oil production.....
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later...rog
AADD supporting member !!
I'm a collector...not a builder!!Located in sunny central Saskatchewan at the lakehead!
'64 Parisienne CS "barn find" - last on the road in '86 ... Owner Protection Plan booklet, original paint, original near-mint aqua interior, original aqua GM floor mats, original 283, factory posi, and original rust.
I was reading lately that it isn't a matter of lack of oil but rather a lack of refineries. There haven't been any new ones built in about 25 years while demand has kept going up. Seems to be something going on here. Perhaps a planned gas shortage like the one in '73. Remember when anti-freeze went from about $3.50 to $14 for a while. A wheeler dealer relative knew where there were railway cars full sitting on sidings. If the prices hadn't gone down again, he was going to buy the stuff by the tanker full, bottle it and sell it. There was no antifreeze shortage either. Many years ago the Hunt brothers started buying up gold and drove it from $34 to upwards of $800 and ounce. When big things happen, they are usually the result of the super rich doing something. Cynical? Perhaps.
You may be right Keith. A lot of the price hike is due to the big stock market players (remember-the ones the U.S Gov't bailed out?) are sending the price of oil up higher and higher based purely on speculation - speculation that there will be more trouble in the Gulf and a disruption in oil output.
> Prices are quoted in US dollars per gallon for regular unleaded.
> Oslo, Norway $6.82
> > Hong Kong$6.25 > > Brussels, Belgium $6.16 > > London, UK $5.96 > > Rome, Italy $5.80
> CANADA $5.36 > > Tokyo, Japan $5.25 > > Sao Paul o , Brazil $4.42 > > New Delhi, India $3.71 > > Sidney, Australia $3.42 > > Johannesburg , South Africa $3.39 > > Mexico City$2.22 > > Buenos Aires, Argentina $2.09
> ... YOU'RE GONNA LOVE THIS .... > > Riyadh, Saudi Arabia $0.09 > > Kuwait $0.08 > > Caracas, Venezuela $0.12 > > Gee, if only Canada was an oil producing nation..... > > > Hey, wait a minute!!! >
What i notice from above is that the cost is relative to the standard of living of the middle class in these countries... obviously a bit skewed by the oil rich arab nations... If you want to use it like its going out of style then you're going to pay for it! I know that won't make me the popular guy on the forum... but we do need something big to happen to know how truly wasteful we are...
I agree with you Andrew. Here is what I wrote a few days ago about gasoline prices:
73SC wrote:
It's really not about the price when looking at gasoline vs. electric. It's about sovereignty, environmental issues and depeleting a resource with a finite supply. It won't happen in our life time but it will happen that one day and it's not that long out there will be no gasoline. If we don't move to another form of power now we will and future generations of Canadians will really be 'screwed' to coin a phrase being used in this thread.
THERE IS A SPOT IN NORTH DAKOTA / MONTANA, REACHING UP INTO SASK. AND MAN. THAT IS REPORTED TO HOLD MORE OIL THAN SAUDI ARABIA. LIGHT SWEET CRUDE. ESTIMATED AT $9-$12 A BARREL TO RECOVER. JUST SOMETHING TO PONDER!
-- Edited by 68 427 on Wednesday 9th of March 2011 12:59:49 PM
THERE IS A SPOT IN NORTH DAKOTA / MONTANA, REACHING UP INTO SASK. AND MAN. THAT IS REPORTED TO HOLD MORE OIL THAN SAUDI ARABIA. LIGHT SWEET CRUDE. ESTIMATED AT $9-$12 A BARREL TO RECOVER. JUST SOMETHING TO PONDER!
I wouldn't mind if that is false. I kind of like our slow, stable life. For us to become an Alberta would go against our laid back way of life here.
I might have to move to Northwest Ontario sooner if that happens.
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1966 Strato Chief 2 door, 427 4 speed, 45,000 original miles
1966 Grande Parisienne, 396 1 of 23 factory air cars (now converted to a "factory" 4 speed)
