Whipper you do realize that gasoline here in the states is taxed higher than anything else that is taxable. The price at the pump is probably 40% taxes. You cant blame that on oil and gas companies. I would imagine the tax rate is higher in Canada.
The amount of investment it takes to get oil out of a formation in the ground to the gas tank in ur truck is huge.
Keystone XL is a proposed pipeline running from Canada to Houston. The delays on that project alone this year has cost TransCanada 300 million paid to contractors who have never welded a single joint of pipe. Not counting the 1400 miles of pipe we have sitting in a pipe yard in South Dakota. I'm replacing 2500' of pipe in Louisiana because someone built a church nor far from our pipeline right of way. 2 million bucks to replace 2500' of pipe.
I guess because I see every day the amount of money that it takes to operate an oil company the pump price seems acceptable to me.
The amount of investment it takes to get oil out of a formation in the ground to the gas tank in ur truck is huge.
Keystone XL is a proposed pipeline running from Canada to Houston. The delays on that project alone this year has cost TransCanada 300 million paid to contractors who have never welded a single joint of pipe. Not counting the 1400 miles of pipe we have sitting in a pipe yard in South Dakota. I'm replacing 2500' of pipe in Louisiana because someone built a church nor far from our pipeline right of way. 2 million bucks to replace 2500' of pipe.
I guess because I see every day the amount of money that it takes to operate an oil company the pump price seems acceptable to me.