TalkNB

Wow so big Oil has decided that they are going to cut supplies to increase prices;

Oil tumbles under $64 a barrel, OPEC cuts output

I guess no longer receiving billion dollar profits every month isn’t their cup of tea. They are still making more money than they did a year ago but it’s just not enough, even though the cost of everything has gone up and now oil is way down and we still are paying 101.5 at the pumps here in Saint John.

Wait are we not regulated in New Brunswick where is the price decrease we should be getting there is no reason for it to be at $1 it should be around 70 cents per liter.  When the storm might hit somewhere prices jumped 13 cents and when it didn’t even touch it took 2 full weeks for the price to come back down to the level of before the storm scare started.

Like most Canadians I’ve had enough they don’t need to cut supplies in Nov. because in November demand is going to go up as people need heating oil, they want to cut supply so instead of it staying at $64 a barrel they can jump it to $100 by saying oh we didn’t know demand would be that high and now our machines aren’t working right. Sounds like what they have done for the last 8 months, and we had an overstock according to this article but they told us we were on short supply, hmmm sounds fishy to me.

I want to know when those truckers are going to lower their added on prices, and the stores lower the prices on their goods, and grocery items to come back down in price as they all complained how it was more expensive to get it but we have had what 2 months of gas price drops. Also our dollar is down so we should be able to sell more they said they had to raise prices and weren’t making profits because of a high dollar remember.

Now has any of these groups lowered their prices in adjustment? Nope… and they wonder why none of us have ran out to go shopping as they all try to keep record high profits instead of just taking the small profit on top. To all of those groups that will start by saying oh but salaries and materials have gone up in price as dollar has less purchasing power well….a profit is after a company has paid all of it’s bills…until then it’s not a profit.