Higher Oil Prices

**redleaf** · May 5, 2010, 11:36

Bring on the higher oil prices! Seems to me that is when we see higher prices for our commodities as well.

**furrowtickler** · May 5, 2010, 11:44

Keep pouting burbot, as your beloved board grains tank and canola goes up with oil

**Choice2U** · May 5, 2010, 12:07

Burbert - do you have a car or truck? If the answer is yes, then you are just as guilty as every other person (in the world) driving up demand and one word comes to mind..hypocrite! If you don't, you are not on the same roller coaster as most of us and although I may not follow in you path, I respect your decision.

**bucket** · May 5, 2010, 12:32

No blow out preventer (bop) and the consumer is supposed to pay for this mess.

They could have bought 2 bop and installed them with the hope that one would have worked and it still would have only cost a fraction of what this mess is going to cost.

Seems idiotic that they can build a dome in a week and a half to cover the wellhead - why didn't they do that before they started the well in the first place.

Its really annoying to hear high paid executives and their 20/20 hindsight to fixing problems.

And I don't believe this is going to help any other commodity this time around.

**boarderbloke** · May 5, 2010, 13:13

crude prices dropping hard yesterday and today! barely $80.00 now. because of the econemies of Europe / PIIGS. CAN$ droping hard due to lower crude values and investers turning to US$ for safety from europe. (ha, ha) gasoline might be up due to refinery fire in Texas.

**rockpile** · May 5, 2010, 15:23

Some good comments above. Price of oil goes up -
price of gasoline (diesel, etc) goes up even more!
We are told that's because the price of oil went up.
Price of oil goes down - gasoline likes to stay up!
We are told it is because of a shortage of refinery
capacity. What a pile of BS!
Dose anyone know how gasoline prices are set at
the wholesale level? What little I could find out
suggests that Western Canadian prices are settled
on an exchange basis Fargo, North Dakota with
transportation costs piled on top. Which would
explain why some of the highest gas prices in
Alberta are in Sherwood Park right across the road
from the refinery. Sucks in the Peace Country too!.
We should be screaming bloody murder but find a
Politician who'll support you - they are hooked on
the tax revenue stream like an addict who shoots
up his veins! My gasoline rant for today!
Rockpile

**checking** · May 5, 2010, 16:55

There is a great difference between how an oil producer and a grain producer think and operate. One will limit, or shut in its producing properties, and push back plans when a price downturn occurs. The other will produce more, and take additional trips to the lake!

**burnt** · May 5, 2010, 17:05

How many hands are in control of oil production worldwide?

How many hands are involved in grain production worldwide?

Ah, the beauty of a cartel . . .

**mbratrud** · May 5, 2010, 22:54

Oil is our friend guys, new reality when oil is up $1 its money in the bank for us. you dont want to know what grain and Oilseed prices would be at if Oil was under $50. $1 an acre increase in fuel price probably means $5 bucks an acre back to us in commodity prices. Pulled that number out of ther air but I do believe it is significant right now.

Higher Oil Prices