Didn’t we used to expect lower gas prices in the fall? It didn’t really happen this year, and the other morning I rushed out because that former politician named Dan McTeague was saying the price was about to jump 7 or 8 cents a litre. Why? Because it seemed that Saudi Arabia was finally ready to limit their output.
The Saudis are the ones who have been blamed for the collapse of world oil prices, because they have refused to stop pumping as much black gold out of the desert as they can.
Back in the Peg, when I got to the gas pump not far from home, the price was actually down 5 cents a litre. I fill up at Domo which has outlets across the prairies, and two days a week they have ‘rollbacks at the pump’, to attract more customers! What a concept! They also have great deals on chips and pop, and NO, I’m not at all ashamed to give them a gratuitous plug.
More and more of our daily lives are controlled by huge multi-nationals whose only purpose in life seems to be boosting an already huge bottom line. On the Canadian prairies right now we have Agrium merging with Potash Corporation.
Just like what has happened to oil, the bottom has fallen out of the price of potash which is used to make fertilizer. There’s a glut of the pink rock being produced in places like Russia, and hundreds of Saskatchewan folk are sitting idle, worrying about the Roughriders, because their mines are closing. Seven years ago, during my second Regina life, the world price of potash was pushing $900 a tonne. Today it’s less than $250 a tonne and continuing to fall. Lots of experts encourage us to ‘buy and eat local’ when it comes to groceries.
I take a small measure of satisfaction from doing it with gasoline.
Now, how do we get something going like that with potash?
I’m Roger Currie