Friday, May 16, 2008

High Fuel Prices

With the long weekend upon us you’re bound to hear a plethora of opinions and complaints about how the government and oil companies are gauging the poor working man. At some point during these many rants someone always suggests (in a very confident manner) that the government should be doing something about these prices. Although I agree that it would be nice if someone magically made fuel prices cheaper I don’t think it’s practical, realistic or appropriate to expect governments to do this. Since oil is a global commodity what exactly should the government be doing to protect us poor Canadians from high fuel prices? Maybe they could eliminate the gas tax altogether? Sounds like a great idea but then where are they going to make up that revenue? Maybe spend less on hospitals, schools etc? Or perhaps they could initiate a communist style business policy and claim the private owned oil companies as government property? This obviously isn’t a reasonable option either.

In my opinion if you want to remain living in a democratic, civilized, industrial nation there are only two options available if you really want to fight the high cost of fuel:

Option #1: Use less of it. (ie- drive, boat and heat less).
Option #2: Protect yourself from high fuel prices by buying part of the oil companies. When you buy shares of a publicly traded company you’re buying a small percentage of the company. As a part owner you’ll benefit (in the form of capital appreciation or dividends) each time the pump prices go up. Hey if can’t beat them join them.

If you’re interested in Option #2 here are a few companies that you might want to start your search with PCA, HSE, SU, COS.UN, TLM.

37 comments:

david said...

I think you should replace "democratic" with "capitalist". You can still have state run/regulated companies and be democratic.

Just saying that there often seems to be an equation with democracy with capitalism, when they are two different things (take a look at China)

MG (moneygardener) said...

I thought I had that line trademarked? :)

"This makes a lot of sense because if one is choosing to expend money in this area, odds are many other people are doing the same. Wouldn't it be nice to make a trip to the pump, grill, bank, mall, or liquor store a net neutral financial choice? "If you can't beat em, join em!"

Jerry Hung said...

I personally don't think the gains from oil stocks will be enough for regular usages. It helps, but doesn't solve the fundamentals

Solfest said...

I also believe in the own the companies you spend money at theory. Of course you must also use due diligence before any puchase. One can own most of the companies that we send money to on a monthly basis. Such as gasoline, electricity, nat gas, tel co, walmart, cable, banking, and so on.

Anonymous said...

MG,

My apologies (your royalty cheque is in the mail...)

Jim Somerville said...

Well, at least maybe the government could cap the taxes on fuel? It is a percentage right now, so the higher the price of gasoline goes, the more taxes we pay on it. Why don't they just make it a fixed cost per litre, that they can raise or lower when they deem it necessary?

http://himmicane.blogspot.com

Anonymous said...

duplicate file cleaner -
earth4energy -
earth 4 energy -
easy launcher -
easy system cleaner -
eatstopeat -
eat stop eat -
eczema free forever -
email finder -
energy 2 green -
error nuker -
evidence smart -
fat burning furnace -
fat loss 4 idiots -
final sync -
fitness model program -
fit yummy yummy -
flattenyourabs -
forex enterprise -
governmentregistry -
government registry -
home job stop -
homemadeenergy -
home made energy -
how do i get him back -
hyper vre -
keyword spy pro -
kingdom of pets -
mafia war secrets -
malware bot -
master cleanse secrets -
maternityacupressure -
maternity acupressure -
maximum paid surveys -

Anonymous said...

shop until you drop -
six figure yearly 2009 -
sleep tracks -
spyware nuker -
spyware stop -
sunshine 4u -
the bad breath report -
the cash1234 system -
thedietsolutionprogram -
the diet solution program -
the free car -
the lazy marketer -
tonsil stones remedies -
truth about abs -
truth about diets -
turbulence training -
vincedelmontefitness -
vince del monte fitness -
violin master pro -
warp speed fat loss -
wedding speech 4u -
xp repair pro -
yeast infection no more -
2ip hosting -
10 minute forex wealth builder -
30 minute back links -
500 love making tips -
acid alkaline diet -
advanced defrag -
affiliate jackpot -
anti spyware -
art of approaching -
battery reconditioning -
blogging to the bank -

Anonymous said...

turbulencetraining -
turbulence training -
twitter annihilation -
twitter rockstar -
twitter traffic machine -
ultimate content creator -
ultimate font download -
ultimate wow guide -
video piggy -
vincedelmontefitness -
vince del monte fitness -
warp speed fat loss -
web investigator -
win clear -
win spy -
yeast infection no more -





Auto Content Cash -
Banner Ad Blueprint -
Copy Paste Systems -
Every Other Day Diet -
Farm Ville Secrets -
Plugin To Green Profits -
Rapid Mass Traffic -
Tinnitus Miracle -
Tweetomatic Profiteer -
Woodworking 4 Home -
24 Hour Internet Business -
Blogging To The Bank -
Burn The Fat -

Anonymous said...

Earth 4 Energy -
Fap Turbo -
Fat Burning Furnace -
Fat Loss 4 Idiots -
Foex Auto Money -
Hemorrhoid Miracle -
Legit Online Jobs -
Magic Of Making Up -
Magni Work -
Micro Niche Finder -
Plr Article Software -
Pregnancy Miracle -
Software Submitter Pro -
The Affiliate Code -
The Diet Solution Program -
Truth About Abs -
Zygor Guides -
3d covers -
500 scrapbooking sketches -
acid alkaline diet -
acne free in 3 days -
advanced pc tweaker -
apple patch diet -
art of approaching -
auction inspector -
av advance -
build a nice store -
burnthefat -
burn the fat -
carb rotation diet -
catch spouse cheating -
chikara reiki do -
combat the fat -
conversationalhypnosis -

QUALITY STOCKS UNDER 5 DOLLARS said...

A very bright outlook on the company.

Anonymous said...

Hello there. I was considering adding a link back to your blog since both of our websites are based
around the same topic. Would you prefer I link to you using your site
address: http://www.blogger.com/comment.g?blogID=3233334764716542857&postID=2298370099971585229 or blog title:
Blogger: Middle Class Millionaire. Be sure
to let me know at your earliest convenience. Cheers

Visit my web page: chartered semiconductor manufacturing

Anonymous said...

This paragraph provides clear idea in support of the new people of blogging, that genuinely how to do running a blog.


Look at my site - Short Game Schools

Anonymous said...

Hello there! Do you know if they make any plugins to protect
against hackers? I'm kinda paranoid about losing everything I've worked hard
on. Any recommendations?

Also visit my weblog; furnished rental homes nashville tn

Anonymous said...

Amazing! This blog looks exactly like my old one!
It's on a totally different subject but it has pretty much the same layout and design. Excellent choice of colors!

My webpage :: computer parts usage

Anonymous said...

Very good blog you have here but I was curious if you knew of any discussion boards that cover the same topics talked
about here? I'd really love to be a part of group where I can get feed-back from other knowledgeable people that share the same interest. If you have any recommendations, please let me know. Thanks a lot!

my homepage ... refrigerators counter depth vs built in

Anonymous said...

What's Going down i am new to this, I stumbled upon this I've found It positively useful and it has helped me out loads.
I hope to give a contribution & assist other users like
its helped me. Great job.

Also visit my page funny chiropractor pictures

Anonymous said...

Hey just wanted to give you a quick heads up. The words in your article seem to be running off the screen in
Chrome. I'm not sure if this is a formatting issue or something to do with browser compatibility but I figured I'd post to
let you know. The design and style look great though!

Hope you get the problem resolved soon. Thanks

Here is my homepage Orlando Chiropractor

Anonymous said...

Hi! Quick question that's entirely off topic. Do you know how to make your site mobile friendly? My blog looks weird when viewing from my iphone. I'm trying to find a template or plugin that might be able to correct this problem.
If you have any recommendations, please share. With thanks!


Take a look at my page :: http://sdfrx.free.fr/rssweb.php?id_moteur=14484

Anonymous said...

I wіѕh thіs ωorkеd оn anԁrоid.
.. аlthough if іt did I would just create matегіal lіke this
all the time anԁ gеt nothing dоne...


my sіte - Get A Loan Fast

Anonymous said...

Now then еѵeгуbody lets
just calm ԁown and hаѵe a rеlaxing hot
bath аnd a сup оf соcоa.


Fеel free to vіsit mу web page: loan broker

Anonymous said...

Rіght now I feеl as though І could гeaԁ about
this all day, it's enthralling. I don't even need a tea yеt.


my homepаge; fast cash loan

Anonymous said...

Tоday's challenge - college revision...must..do some....

Here is my web-site; fast cash loan online

Anonymous said...

Ηoω did this аrticle get ѕо confused
it's tirin reading them.

Also visit my website: get a loan fast

Anonymous said...

Νow then people lets just calm down, have a relaxing hot bath and a mug of hot chocolаte.


Hеrе is my hοmepage; fast cash loans with bad credit

Anonymous said...

Hello! This is my 1st comment here so I just wanted to give a
quick shout out and say I genuinely enjoy reading through your blog posts.
Can you recommend any other blogs/websites/forums that
go over the same subjects? Thanks a lot!

Here is my site :: St Cloud Florist

Anonymous said...

Hi there would you mind stating which blog platform you're working with? I'm going
to start my own blog soon but I'm having a difficult time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I'm looking for something completely unique.

P.S My apologies for getting off-topic but I had to ask!


my web site: appliance repair columbus ohio angie's list

Anonymous said...

Thanks in support of sharing such a fastidious opinion, piece of writing is pleasant, thats why i have read it fully

My weblog: kitchen appliances package deals costco

Anonymous said...

I am curious to find out what blog platform you have been utilizing?
I'm experiencing some small security problems with my latest site and I'd like
to find something more safeguarded. Do you have any recommendations?


Also visit my homepage ... buy saffron

Anonymous said...

Appreciating the time and effort you put into your blog and in depth
information you provide. It's good to come across a blog every once in a while that isn't the
same old rehashed material. Excellent read! I've saved your site and I'm adding your RSS feeds to my Google account.


Feel free to visit my homepage ... natural help for acid reflux

Anonymous said...

This website was... how do you say it? Relevant!
! Finally I've found something that helped me. Many thanks!

Feel free to visit my page: master cleanse weight loss [www.guyanaonline.net]

Anonymous said...

Hello colleagues, how is all, and what you want to say
concerning this piece of writing, in my view its in fact
amazing for me.

Here is my website: natural colon cleanse ()

Anonymous said...

Do you have a spam issue on this site; I also am a
blogger, and I was curious about your situation; we have created some nice methods and
we are looking to swap techniques with other folks, why not shoot me
an email if interested.

My weblog graco Airless sprayer

Anonymous said...

Hey just wanted to give you a quick heads up and let you know a few of the pictures aren't loading properly. I'm not sure why but I think its
a linking issue. I've tried it in two different web browsers and both show the same results.

Feel free to surf to my site ... appliance repairs *http://www.23hq.com*

Anonymous said...

My relatives all the time say that I am killing my time here at net, except I know I am getting familiarity everyday by reading thes good content.


Here is my webpage: how to cure hemorrhoids ()

Anonymous said...

Hello! My spouse and I frequently write guest articles for other website owners to help gain publicity to our work, as well as
provide excellent content to weblog owners. It truly is a win win situation!
If you are interested feel free to e-mail me at:
myrna.mcclung@freenet.de so we can discuss further.
Thanks!!

Stop by my weblog ... used refrigerators []

Anonymous said...

Wow, superb blog layout! How long have you been blogging for?

you made blogging look easy. The overall look of your website is excellent, as well as the content!


Feel free to visit my web site ... Cambogia trim