The consequence of carbon taxes and radical anti-oil industry policies.
Despite being right next door to a province with gargantuan oil reserves, British Columbia is heading towards record-high gas prices, in what is sure to be a terrible situation for the economy and B.C. consumers.
According to a CTV story, “GasBuddy.com analyst Dan McTeague is calling for gas prices in Metro Vancouver to top the current $1.57 per litre record, reaching $1.61 per litre near the end of next week. Starting Sunday, the first of four annual increases to the province’s carbon tax will add 1.22 cents to the cost of a litre of gas. B.C. Premier John Horgan said he doesn’t believe drivers will “begrudge that penny,” knowing it’s been earmarked to fund green initiatives. McTeague said that hike alone will push prices to as much as $1.56 per litre.”
Also contributing to the high prices are “gasoline supply in the region continues to be choked by a lack of pipeline capacity and a refinery that is shut down for maintenance. “That is creating a chronic shortage,” he said. “The only solution left really for Vancouver (is) it has to wake up. It has to recognize the only way to get more gasoline down there is the Trans Mountain pipeline expansion.”’
This shows the real-life consequences of carbon taxes and the result of the radical opposition towards Canada’s energy industry.
It’s easy for Horgan to say B.C. drivers won’t “begrudge that penny,” since he makes a big salary, but for the majority of people who are already struggling with the high cost of living and high debts, every penny taken out people’s pockets is harmful.
Frankly, it’s absolutely absurd that B.C. has such a problem with high gas prices when they are right beside Alberta, and that could only happen with a mix of radical-ideology, incompetence, and flat out stupidity.
B.C. – and all of Canada – should have among the lowest gas prices in the world. Yet, because of ‘leaders’ who have put their ideology – often influenced by foreign organizations who want to destroy Canada’s energy industry – ahead of common sense, we have been betrayed when it comes to our economic interests.
As a result, there will be more poverty, less growth, and tons of wasted economic potential. We will be paying the price – both literally and figuratively – for a very long time.
Photo – YouTube