Tuesday, May 20, 2008

We Need More Competition

One of the easiest ways to help Islanders get lower gas prices is to change the regulations at IRAC which would allow more competition at the pump. Canadian Tire, Loblaws, Sobeys and Wal-Mart would probably all consider building gas bars on PEI if they could get thru the red tape at IRAC. The jobs and investment these new service centres could create would be welcome news to our Community not to mention the lower prices for Islanders.
Opec says oil could hit $200
By Carola Hoyos in London
Published: April 28 2008 13:56
Opec’s president on Monday warned oil prices could hit $200 a barrel and there would be little the cartel could do to help.
The comments made by Chakib Khelil, Algeria’s energy minister, came as oil prices hit a historic peak close to $120 a barrel, putting further pressure on global economies.

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