Reply #6: Not Quite Sure [View All]

[CHIMO]

On your statement?

Under a self regulating market economy the goods could be expected to go where the rewards are greatest. So if the US prices are higher then one could expect that the material would migrate towards that market. So Canadian prices would follow the market.

However, Canada has promised to increase oil shipments to the US. So how can that be done without a price increase in Canada to reduce consumption? Thus one can assume that our prices are going to prove a free self regulating market is not correct? Or are supplies in Canada going to be reduced by some magical decision in Ottawa when BC and AB are the producers of the goods? Very confusing indeed. So one can expect that these sort of dollar a year politicians will have the big oil firms ration oil for local consumption which under a free market economy will push up prices.

I think that NAFTA only stipulates that we cannot restrict supplies to Canada, not that the free market doesn't exist. Very confusing.

As to the people suffering I don't know who is suffering? Because the interruption has happened in the Gulf Coast, the shortage is nation wide and continent wide through the market.