Hi to everyone,
Sorry I didn't get these numbers posted
sooner, but work has to take precedent. Nevertheless, keep in mind that
there's lots of volatility in the markets, so they're going to be off
somewhat. And don't forget winter blending on the heating and diesel
Here's what I have:
Heating and stove oils to drop by 4.23 cents a litre.
Diesel shows a drop of 4.6 cents a litre, and...
Gasoline shows a drop of 4.2 cents a litre.
The Canadian dollar remained relatively steady against the US dollar.
In the markets, while China began buying some oil off the markets to
help lift oil prices yesterday, they didn't sustain in the eyes of the
speculators. With ever-growing US domestic production, OPEC faces the
bold new world reality that they're facing something that they've never
had to face before, that of competition.
Maybe now some parts of
this world might be able to compete and grow their economies with
cheaper energy. The fact remains however, that we can't forget high
prices as they were. Have we learned the lessons of the folly of
remaining oil dependent to supply ourselves with the means to drive our
economies or our homes? Will the world turn its backs to retrofitting
and other energy alternatives as viable options in a world that is
Don't let our governments forget the hard lessons that so many had paid for as energy prices come down more.
We can't be held "over a barrel" again!