Quote:
Originally Posted by waynet
Canada produces 3.3 million barrells a day and consumes 2.2 million barrells.They produce more than they use yet the price og gas has also gone up in Canada. Canada with its vast resources and small population can't drill its way out of price runups because they are also chained to the global oil marketplace. And so are we. We cannot drill our way out.
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In Canada, on average, about one-third of the total price of gas at the pump is tax. Ditto for Europe. Believe tax on gas is less in US than one-third of price so it's not an apples to apples argument.