Gas prices pay stockholders, period

We as a society must get real and face the cold hard facts.

Gas prices pay stockholders, period

I have to admit, that over the years, and now feeling that the time is right, I wanted to share my amusement towards various people whom are so angry at the oil companies.

They fume (no pun) about the price of gas when any of us fill up. We all know that all the oil companies set the rates together and the gas suppliers realize that any rebellion from consumers will not happen. Also, everybody has their own “fair” price that a gas station should charge, usually 80 cents a litre to 99 cents a litre. Do you know the difference between fat chance and slim chance? Well folks, gas reductions will never happen.

With all the excuses such as war in the Middle East, explosions of holding centres or interruption due to weather, we as a society must get real and face the cold hard facts. The reason that we see an ongoing onslaught of price increases is simply to pay the stock holders for their investments. That’s it. Yes, you’re welcome. Thank me later.

I have the answer that may be doable for our little community. What we need is 1,000 local investors with $1,000 each and presto, a miniature cartel is formed whose mandate it is to purchase oil stocks. This cartel will then subsidise all local citizens who have signed up for the “I have gas” group. So, when this is a proven workable answer, other communities may “buy” the rights for their own franchise. There would need to be a voluntary board of members to manage this idea and perhaps acquire the ability to negotiate directly with oil companies for direct purchases.

Can you imagine if thousands of communities did this? And, further if these communities presented themselves at all the oil companies stock holders’ meetings what a revenge that would be.

Like I said, thank me later.

George Spong


Just Posted

Cowichan Power and Sail Squadron celebrates its 60th anniversary

Many who take courses go on to become Canadian Power Squadron members.

Andrea Rondeau column: Crime Stoppers is back, plus, why crime is important to write about

As a newspaper we cover crime as more than just entertainment.

Kick for the Cure crushes records

Soccer fundraiser for MS brings in more than $30,000

Sarah Simpson column: Daddy Day field trip to City Hall a hit

“They want to go upstairs so I made them ask at the front desk.”

Duncan Dodgers win bantam tourney

Dodgers beat White Sox in tournament final

10 facts about Father’s Day

Did you know that the special day for dads was first celebrated in 1910?

Coming up in Cowichan: Spend Father’s Day fishing, or head to the BC Forest Discovery Centre

Deadline coming to register for class reunion The Cowichan Secondary Class of… Continue reading

Bombers down B.C. Lions 33-23 in season opener

Former Lion Andrew Harris leads Winnipeg with 148 rushing yards

Northern B.C. family remembers murdered Indigenous woman with memorial walk

Still no closure for Ramona Wilson’s family 25 years later

Monkey spotted on late-night jaunt in Campbell River

Conservation officers also apparently looking for cougar in the area

B.C. university to offer mentorship program for former youth in care

Students using the provincial tuition waiver program will soon be able to form a community at KPU

Cyclists competing in one of the toughest bike races on the planet pass through Fernie

Divide riders looking strong as they finish first leg of 4160 km race

You might not know these B.C. records are public

Hired a lawyer to file a civil claim? Those are published online

B.C. bus driver loses case to get job back after texting while driving full bus

An arbitator ruled that Tim Wesman’s phone usage was a “a reckless disregard for public safety”

Most Read