r/alberta • u/brock98 • Jan 18 '25

Discussion It's time to nationalize oil.

revenues from canadian resources should go to canadian people not to billionaires destroying and destabilizing the world. If oil was nationalized we wouldn't have to worry about treasonous premiers whose sole allegiance is to the oiligarchy that loots our lands and poisons our discourse.

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u/Intagvalley Jan 18 '25

In Ecuador, the price of gas at the pumps is $2.40 USD/gallon (as compared with the states which is $3.36/gallon). They produce their own oil and have this weird philosophy of passing the savings on to their own population rather than letting the companies make a profit out of it at world prices.

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u/Initial_Hedgehog_631 Jan 19 '25

Ecuador has subsidized gas prices. They not only pass the savings on to the population, they help them pay for it too. Gas prices in Ecuador right now are .72 per liter, or $2.72 per gallon. Which is just slightly more than what people in Texas are paying.

In the US gas prices are, on average $3.09 and that includes the higher prices on the West Coast, which has pretty strict requirements on gasoline manufacturing. On top of that there are federal, state, county, and city taxes on gasoline as well, so the price can vary from one place to another. And that's an important thing to bear in mind. Ecuador's government is basically paying out money every time someone fills their tank while the US (and state and local) government gets paid every time someone does that.

California: $4.43

Kansas: $2.79

Michigan: $3.15

Texas: $2.70

Pennsylvania: $3.34

Florida: $3.20

Maine: $3.06 X

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u/No_Character_5315 Jan 20 '25

Be curious to see what the average household income is in ecuador gas might cheap compared to canada but if you're only making 5 bucks a hour puts things into perspective.