How gullible are we as a public?

Dear Editor;
It took more than a year after hurricane Katrina devastated New Orleans before the Energy Information Agency (EIA) finally concluded the affects the hurricane had on oil production and refining were negligible at best.

Dear Editor;

It took more than a year after hurricane Katrina devastated New Orleans before the Energy Information Agency (EIA) finally concluded the affects the hurricane had on oil production and refining were negligible at best. This conclusion wasn’t much of a surprise given that traditionally, hurricanes have a consistent history of reducing demand more than they affect the supply of oil. In the aftermath of most hurricanes that come ashore from the Gulf of Mexico, gas stations can’t pump gas because they have no electricity and commuters can’t return to work until the roads are passable, and electricity has been restored.

Fast-forward to hurricane Ike hitting the Gulf Coast today and once again Albertan are expected to believe it is reasonable to immediately hike gasoline prices by an average price of .12, on the speculative premise of a possible gasoline shortage. However, when oil drops from a record $150 a barrel to just over $100 a barrel, we are expected to believe it takes time for gasoline prices to trickle back down, to reflect the lower price for oil.

How gullible are we as a public? In the aftermath of hurricane Katrina, Exxon Mobil’s fourth-quarter profit rose 27 per cent to more than $10 billion, a record for the company and one of the highest quarterly totals ever posted. As Exxon continued to reap a windfall from high oil prices ConocoPhillips posted a 51 per cent increase in earnings in the fourth quarter and Royal Dutch Shell, reported a 68 per cent jump in profits. Ironically after investigating consumer complaints politicians in both Canada and the United States couldn’t find any evidence of price gouging.

Oil and gas development has been very good to Albertans but that is no excuse to allow the very few who control the price of oil, to gouge the many. It is time we held big oil accountable for price collusion and price gouging. Price gouging is not just anti-competitive: it is illegal, and it is a cancer on our economy.

If only our currently elected officials had the courage to look into their campaign coffers, they just might find some of that elusive evidence of price collusion and gouging that eludes their official investigations. Then again, you the public, now have a perfect opportunity to make a change. If our current elected officials can’t find any evidence of price gouging, elect someone new. It’s time we held our elected officials accountable. It is a simple process: vote for someone else. Look beyond party labels and affiliations, and vote for an individual that has the integrity and courage to represent your interests in Ottawa. Think about this the next time you are filling up at the pump!

Joe Anglin

Rimbey

Just Posted

Darrell Paulovich remembered after accident claims his life

A tragic accident claimed the life of a rodeo advocate over the weekend

Video reaction sheds light on employee rights

A McDonald’s Ponoka customer’s reaction to a labour issue created some training opportunities

Ponoka soldiers killed in action in WWI recognized in worldwide vigil

The World Remembers vigil concludes this year following the centenary of the last year of WWI

Ponoka residents asked to provide input in 2019 budget

Ponoka’s budget process is underway and council hopes to hear from residents on their priorities

Serious collision north of Ponoka

Emergency crews were on scene of a serious collision north of Ponoka on Highway 2

Naked man jumping into Toronto shark tank a ‘premeditated’ stunt: official

The man swam in a tank at Ripley’s Aquarium of Canada

Transport Canada to take new look at rules, research on school bus seatbelts

Canada doesn’t currently require seatbelts on school buses

Theft of $140,000 in machinery investigated in County of Wetaskiwin

Wetaskiwin RCMP investigate theft of pipe fusion equipment

5 tips for talking to your kids about cannabis

Health officials recommend sharing a harm reduction-related message.

NHL players say Canada’s legalization of marijuana won’t impact them

NHL players say the legalization of marijuana in Canada won’t change how they go about their business.

Automated cars could kill wide range of jobs, federal documents say

Internal government documents show that more than one million jobs could be lost to automated vehicles, with ripple effects far beyond the likeliest professions.

Koreas agree to break ground on inter-Korean railroad

The rival Koreas are holding high-level talks Monday to discuss further engagement amid a global diplomatic push to resolve the nuclear standoff with North Korea.

Flash floods kill at least 7 people in southwest France

Flash floods have left several people dead in southwest France, with roads swept away and streams become raging torrents as the equivalent of several months of rain fell overnight, authorities said Monday.

Trump to visit Florida, Georgia; search ongoing for missing

The death toll from Michael’s destructive march from Florida to Virginia stood at 17.

Most Read