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Decentralized Democracy

House Hansard - 43

44th Parl. 1st Sess.
March 22, 2022 10:00AM
Context: House Hansard - 43 - Mar/22/22
Mrs. Julie Vignola (Beauport—Limoilou, BQ)
  • Mar/22/22 10:35:59 a.m.
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Mr. Speaker, I am always surprised by this ability to put on blinders. The price of oil definitely includes taxes, but it is also determined by the oil companies themselves. The price per barrel of Brent crude doubled from March 2021 to March 2022, rising from $64 to $128. Oil companies also make a profit on refining a barrel of oil. The profit margin went from $1.15 in February 2021 to $4.40 in February 2022. The profits from Brent and oil refining do not go to the government. They go to the oil companies. They are the ones exerting upward pressure on gas prices. I agree that supply and demand is a factor, but greed also has a role to play here. When will the government take action against the oil companies, which are lining their pockets to benefit their shareholders rather than workers, the government and the people?
154 words
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