Gas Prices

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Glacier
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Re: Gas Prices

Postby Glacier » Wed Mar 21, 2018 9:24 am

Typeing3 wrote:If we actually refined the raw bitumen first in Alberta or added a new refinery here, that could have a huge effect on prices.

From what I've heard and read over the years about this is mind-boggling. We ship most of our raw bitumen to refineries in the USA and most of the refined oil that we then buy from them - for extravagantly high prices - can actually be sourced back to Alberta. The article you linked actually mentions this as well.

oil.jpg


The fact is, no refinery will ever be built in Canada again away from the coast. It would cost 20 billion to build one in Alberta, and that's well beyond what anyone is willing to pay. By contrast, they could build one in Kitimat for half that because large segments could be constructed overseas and shipped across, BUT the American eco-nuts who funded the campaign to shut down Northern Gateway would never let that happen.

In addition to the extra cost of building a refinery, we already refine more oil in Canada than we use, so refining even more would have to be exported, and the only economic way to do that is by sea. In other words, we are a net EXPORTER of refined oil! So any new refinery would have to be on the coast, and since the Lower Mainland is very busy and built, up, that leaves northern BC as the only viable options.
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Abby_wx
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Re: Gas Prices

Postby Abby_wx » Wed Mar 21, 2018 11:35 am

I think we could easily build one in Metro Vancouver since most of the infrastructure still exists from when we did have several refineries. Will it happen? No. But it's hard to believe our provincial government allowed us to get into this predicament. Surely they could have foreseen this, just as they knew our population would continue growing.

Building a refinery would be expensive, but so is the cost we all bear from high gas prices. I wonder how many billions per year are lost by business and individuals who end up spending extra money on gas when they could be supporting the local economy. And that's not including the people who simply go across the border and buy their gas in WA instead. That's tax revenue the government will never see.
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Typeing3
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Re: Gas Prices

Postby Typeing3 » Wed Mar 21, 2018 3:42 pm

Glacier wrote:
Typeing3 wrote:If we actually refined the raw bitumen first in Alberta or added a new refinery here, that could have a huge effect on prices.

From what I've heard and read over the years about this is mind-boggling. We ship most of our raw bitumen to refineries in the USA and most of the refined oil that we then buy from them - for extravagantly high prices - can actually be sourced back to Alberta. The article you linked actually mentions this as well.

oil.jpg

The fact is, no refinery will ever be built in Canada again away from the coast. It would cost 20 billion to build one in Alberta, and that's well beyond what anyone is willing to pay. By contrast, they could build one in Kitimat for half that because large segments could be constructed overseas and shipped across, BUT the American eco-nuts who funded the campaign to shut down Northern Gateway would never let that happen.

In addition to the extra cost of building a refinery, we already refine more oil in Canada than we use, so refining even more would have to be exported, and the only economic way to do that is by sea. In other words, we are a net EXPORTER of refined oil! So any new refinery would have to be on the coast, and since the Lower Mainland is very busy and built, up, that leaves northern BC as the only viable options.

If we are indeed a net exporter of refined oil, the solution to our problem seems simple enough. Given our oil predicament here in Metro Vancouver, instead of continually importing oil from WA state and getting price-gouged, we should theoretically be able to be self-sustaining IF the new pipeline is used to supply our region with the excess of refined oil Alberta has INSTEAD of shipping it to the USA or other countries overseas for pennies on the dollar.
East Coquitlam. Elevation 25m(80ft).

Spring/Summer 2018
Last freeze: April 2 (-0.8C)
First 15C: March 11 (17.9C)
First 20C: March 12 (21.4C)
First 25C: April 24 (25.3C)
First 30C: May 13 (30.8C)
Hottest Temp 2018: 31.3C (May 14)

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Hound
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Re: Gas Prices

Postby Hound » Wed Mar 21, 2018 11:31 pm

Glacier wrote:American eco-nuts who funded the campaign to shut down Northern Gateway would never let that happen.


They need to be sent to an island where they have NO oil based products at all. Those people are the biggest hypocrites walking the earth. :evil:
Fraser Heights, Surrey. (Elevation: 85 M. 278 Ft.)

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Glacier
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Re: Gas Prices

Postby Glacier » Thu Mar 22, 2018 12:20 pm

Well gas prices have jumped again!

ben.jpg
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Canada Goose
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Re: Gas Prices

Postby Canada Goose » Thu Mar 22, 2018 3:03 pm

1.30 in Quebec City, +0.10.

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Glacier
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Re: Gas Prices

Postby Glacier » Thu Mar 22, 2018 3:10 pm

Kwebeck has the highest gas taxes in Canada...

gastaxescanada.png
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Typeing3
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Re: Gas Prices

Postby Typeing3 » Thu Mar 22, 2018 9:05 pm

So the new pipeline might RAISE gas prices: http://www.cbc.ca/news/canada/british-c ... -1.4587811

We have to understand the purpose of the new pipeline: to ship heavy oil — diluted bitumen — to the Westridge dock to be loaded on oil tankers and, according to Kinder Morgan, go to Asia. B.C. has no use for heavy oil. The light crude oil and refined products southern B.C. needs are delivered on an existing pipeline.

If the expansion goes ahead, toll rates on the existing line will more than double. Right now, it costs about $2.50 a barrel to get gasoline to the Lower Mainland market and after the expansion, to help pay for the expansion that doesn't serve our market, it will go up to about $5.90 a barrel. That equates to about two cents per litre increase at the pumps.
East Coquitlam. Elevation 25m(80ft).

Spring/Summer 2018
Last freeze: April 2 (-0.8C)
First 15C: March 11 (17.9C)
First 20C: March 12 (21.4C)
First 25C: April 24 (25.3C)
First 30C: May 13 (30.8C)
Hottest Temp 2018: 31.3C (May 14)

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stuffradio
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Location: Maple Ridge

Re: Gas Prices

Postby stuffradio » Fri Mar 23, 2018 9:14 am

Typeing3 wrote:So the new pipeline might RAISE gas prices: http://www.cbc.ca/news/canada/british-c ... -1.4587811

We have to understand the purpose of the new pipeline: to ship heavy oil — diluted bitumen — to the Westridge dock to be loaded on oil tankers and, according to Kinder Morgan, go to Asia. B.C. has no use for heavy oil. The light crude oil and refined products southern B.C. needs are delivered on an existing pipeline.

If the expansion goes ahead, toll rates on the existing line will more than double. Right now, it costs about $2.50 a barrel to get gasoline to the Lower Mainland market and after the expansion, to help pay for the expansion that doesn't serve our market, it will go up to about $5.90 a barrel. That equates to about two cents per litre increase at the pumps.

Yes, and then if we reject, Alberta threatens to shut everything off and cause our gas to be raised even further. It's lose lose for us no matter what. I don't even know if it's legal for Alberta to shut off the pipeline.

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Hound
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Re: Gas Prices

Postby Hound » Tue Mar 27, 2018 3:10 pm

The price of everything will go up. Soon nobody will afford to live here. Let the pipelines be built and the other things. So tired of all this crap. Stop standing in the way of progress.
Fraser Heights, Surrey. (Elevation: 85 M. 278 Ft.)


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