On Thursday, September 14, 2017 at 7:23:36 AM UTC-4, wrote:
> On Thu, 14 Sep 2017 03:10:54 -0700 (PDT), Cindy Hamilton
> > wrote:
>
> >On Wednesday, September 13, 2017 at 7:02:56 PM UTC-4, wrote:
> >> On Wed, 13 Sep 2017 14:58:27 -0600, U.S. Janet B. >
> >> wrote:
> >>
> >> >On Wed, 13 Sep 2017 16:47:35 -0300, wrote:
> >> >snip
> >> >>>
> >> >>Maybe I sound very cynical but our gas has already zoomed up about 40
> >> >>cents a litre since Harvey. I understand the Texan refineries are
> >> >>back up and working but our gas has not dropped but then, since we get
> >> >>our gas from Venezuela, it's nine tenths of my cynicism. If you see
> >> >>what I mean.
> >> >>
> >> >>If veggies and fruit are now going to be higher than last winter
> >> >>(which was extraordinary price-wise) deal me out, I can live without
> >> >>them if need be
> >> >
> >> >I don't know about supplying Nova Scotia, but there is a major
> >> >pipeline going all the way north from Texas that was damaged with
> >> >Harvey. This pipeline is a biggy and they are not back on line yet.
> >> >Is you Venezuelan oil off loaded from a tanker directly to you folks
> >> >or is it delivered some other way? Don't know, just wondering.
> >> >Apparently Florida off loads from a tanker to trucks. I just assumed
> >> >that all oil delivered to N. America was delivered through pipes and
> >> >then trucked to depots.
> >> >Janet US
> >>
> >> I really don't know Janet, I just know that's where our oil comes from
> >> but we get the price hikes. As I said, I am cynical. No matter what
> >> our prices seem to soar whenever there is something like this and I
> >> just figure, so what's new?
> >
> ><https://www.bloomberg.com/news/articles/2017-08-31/harvey-s-impact-on-world-oil-market-underlines-growing-u-s-role>
> >
> >Cindy Hamilton
>
> I didn't watch it all but that's what I figure, traders, opportunists
> etc all get in the middle there to gouge us.
> Cynic.

The point is that even if you get your oil from Venezuela,
the world oil market is responsive to disturbances anywhere
within it. Oil is sold wherever it will command the highest
price, which tends to raise the price everywhere, as supplies
tighten.

Prices might go up during a shortage, but they drop during
a glut. Gasoline was $4.58 a gallon in the U.S. in 2008;
yesterday I paid $2.42, even with the Hurricane Harvey
bump.

Cindy Hamilton

Cindy Hamilton