oil and gas again

[Little Kopit]

Roadrunners, what do you know that I don't know? Why is Dec. 1 significant?

Maxim: when prices are declining, just get what you need.

when prices are rising, tank up.

[2Roadrunners]

Well, the gas station owner was telling me, and then another fellow from another station said the same thing AND.........It's OPEPS Xmas present to us.

I never thought I would see people lining up at pumps to buy gas at 94.4¢........I don't care about the prices,I put in twenty bucks a week!LOL.

[Novi]

Well finally it went below .80/L here, just filled up again at the Flying J at London it was 79.9/L what a difference from when it was 1.30/L.

[Bushman512003]

I beleave the gas guys are all millionairs!!We all made them that way also.. John

[Novi]

I believe you are absolutely right Bushman

[brad03ca]

Thats great news Novi. Wish prices would drop more here, especially diesel. I got 50K to spend on a new D/A...

[Little Kopit]

I continue to wish for a nice Xmas present from the Public Utilities Board here on December 15, next scheduled gas regulation day.. Meanwhile, I'm green, very green with envy.

So, what's on your possible list Brad?

[brad03ca]

I wish the announcement made by GM was a Joke!! Apparently it isn't. The loss of nearly 4000 jobs in GM Oshawa will surely impact the economy as well as the poor souls who must find other jobs. All this to take place by 2008.
My troubles seem some what small now. Can we all say GAS PRICES.

[Little Kopit]

What can we say to all those who warned us about "Free" Trade and what the multinationals would do if?

Will you still go the GM route, Brad?

[Novi]

I was just at the CNN site, GM is cutting 30,000 jobs and closing plants. They have all had a good run for the last several years it can't go on forever there has to be a pull back sometime. But it still hurts if your one of the ones losing your job. I hope they do it by normal attrition if possible, retirement, people quiting on their own and the normal turn over of staffing.

[2Roadrunners]

If the dollar remains like it is, we will see other layoffs and even closures. Many Cdn. companies who sell internationally would bid so as their profits were drawn from the rate of exchange. To continue a pretty fair profit, the rule of the thumb was, two years ago anyway, based on .75¢ on the dollar.

The shipyard where I worked as not been doing good at all for quite a few years, (Canada Steamship Lines renews their ships by having them built in Brazil), and as of late a potential buyer, a fellow with a big cigar plopped a proposition on the table......25% pay reduction, no more premiums for hazardous/toxic work and a few other goodies being cut. ''I have ships to build....take it or leave it''. BTW, he is not Canadian, so you know where the profits will end up.

A lot of MHs for sale around here! (92.4¢ this morning........I'll have to rush out and fill my tank, Thursday is a favourite day to raise gas prices).

[Tom N]

Auto manufactures are eyeing mainline China for production and assembly. They're starting to get their ducks in line.

[brad03ca]

Only problem with that Tom, is the people here with no job can't buy vehicles made there. With the low wages the Chinese make, they can't afford to buy cars made there either. Kinda like a Catch 22!!!

[Little Kopit]

Our Petroleum Pricing board has posted that gas stations in my area can charge $1.001 per litre. The price of $0.999 is still posted on the pumps I've seen today.

I thought you all were saying the trend is down??