Justine does not own the oil extracted from csnasdioa soil. Nor does the premier of the province, nor the mayor of the municpailiy.
suncor, shell, syncrude??? own the oil the extraxt from the gound
gov’t getin revenure in the form of corp taxes on owners of oil (see prev). also, leases on the land, and possible
minerasl rights”??
there is no little wrong refining capcitry in canada?? we can’rt process the heavy oil from the oil sands; but what of other oils ospurces (which are?) whant more refining capascity, will reqwuire very large investments, and compancies will expect govt support to build such infrastructure. tax reloief, assitance with zoning changes, etc.
suncor et al can choose to do as they wish with their product; stockpile it, sell it
the price you see for a bbl of oil is almost always the 30 days future contract. longer contracts will hyave less costy.
also, galoline is the only thing we see advertised to death. if you drive and keep a ttention at all, you are familiar with the cost of gas. no other retail product is so well advertised.
oil is sold/traded/bought on a n open world marlkket.
the price risines in uncertaintyy, because the trading is in futures contracts. what’s the valuer of oil in 90 days, of next year? ass we sit nearly at ww3, people are willing to pay more to ensure they havge oil 90 days out, and they know the cost of oil and casn sadkuist buisiness / efficienct / whatevs to ensure a profit at that cost.
how would you focre a free company to sell oiil to canadioan users (who might not bea ble to process it) instead of on the open market where they can get $130/bbl?
how do youdo this woutopht essentiually nationalizing oil?
