Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 3, 1981, Winnipeg, Manitoba 4 few september gasoline prices of 80f per litre forecast within 5 years a Ottawa up retail gasoline prices of at least cents a litre of a gallon in Many feg Tont within five years As a fault of the Otta Energy Federal figures released yesterday the new Oil pricing and Revenue sharing pact also Means Home heating Oil costs of at least 56 cents a litre or he a and Energy minister Man Lalonde refuses to Rule out even Rogher Overall and his officials held a news yesterday to flesh out de tails of the Long awaited pricing regime generally hailed by politicians and the business Community As a necessary shot of adrenalin for the country failing economic the estimates apply Only to retail prices at Toronto and May vary Ift other Depew Klong on prevail ing sales tax Levels and transportation Energy critic fan Waddell charged that it was a Sweet heart Deal for the Oil companies who have been piggybacking their own increases onto i increases in the last Slid the extra 110 billion for the companies Over five years provided for Iff the agreement was Guaran teed annual income for the richest Industry in the it Money for an Industry that a recent government investigation concluded had overcharged Consumers by Waddell Lalonde told reporters he had no second thoughts about the saying if we had to Start Alt Over wed do the same the signed tuesday by minister Trudeau and Alberta part fitter Peter sett the Price crude at Between 75 pet cent arid 100 per cent of prevailing world paces by t the current Alberta wellhead excluding royalties and transportation is a Ottawa estimates world prices of about a landed in within five the Federal who hammered out the pact with his Alberta counter Merv insisted the Deal could not have been struck last fall and that Only Compromise on both sides led to the Lalonde conceded that prices could soar even higher because of new Feder Al and provincial taxes which could be levied m subsequent while refusing to say that taxes would he mid it is Only logical to conclude that world prices will continue their upward the so called blended Price estimates include the Cost of Oil now being pro new Oil production from Oil Sands plants and subsidies on imported the Price of already discovered conventional Oil is to increase by a the increases begin with a jump but Consumers have Al ready paid of that amount to pay for Albertas no cancelled production prices jump again by a barrel l and july 1 and then by a Barret every six months after that until but they Are not to exceed 75 per cent of the prevailing world increases for new Oil Are rising to a minimum of to per cent and a maximum of 100 per cent of the world Ottawa estimates that so called new Oil will account for about m per cent of Domestic production by the end of the agreement As conventional stocks begin to Lalonde said the new agreement is geared towards providing incentives for the Industry to explore and prod uce costly new Oil supplies from off Shore and Frontier he acknowledged that Industry revenues remain at about 45 per cent of the total from higher prices but said the Money is needed to get on with the you reap the benefits yes Over factory Richard Livingstone sum truck introduction Over 140 to choose from current factory prices apply 1445 Matthews 7863851 game guaranteed k y i v Iii m original 1988 0 picture windows 10 limited time Only 4522805 564 pm ulna Tim by mar lumber Long weekend counter top Blanks Row Xvi Good color selection 6 Cedar picnic table precut easy to erect Castrol motor Oil 10w30 limit 1 Case per customer buy now 3 3 150 gift vouchers will be won across Canada in the Stanley shopping Bonanza Stanley now helps you to things right Only deluxe install garage door opener All Trie butt Puu Irful i kiwis i Naif i of Mikil pc Diu Cui Yuul Guclu Toi doors up to 1 Vav i Al built in a Jujj m by i i Cut interlocking stones s paver Patio stones 19 in colors4 interlocking Stone display All 3 locations sidewalk slabs 24x14 Quality Cedar fencing 1 Cedar boards 1 Cedar boards aluminium storm door him m not our rated of asap vim Vest Mph White Niy 10 Unith also available in Brown Sale saturday 5th 2x4 Cedar 2x6 Cedar 20 aluminium Extension udder stif up Dies Mcdiarmid lumber t we Reserve the right to limit quantities All Sale items to extent of Stock open to to i 8 9 fill twl4m a Mil open i 9 m 6 9to9 h1 91o t iou 90 i 19 flurry of figures unable to prove Oil Promise kept Ottawa up government bureaucrats pumped out a flurry of graphs and charts claiming the new Ottawa Alberta Energy pact allows the liberals to keep their election Promise of cheap but some of the when compared with earlier numbers from the depart showed the liberals broke their prom ise to keep prices below those proposed by the Defeated progressive conservative government of Joe which of the departmental figures Are to be a senior Energy department official was asked shaky assumptions none of he holding six pages of charts released by the they Are All based on shaky assumptions about the including the level of taxation levied by provincial governments and future world prices for it appeared to be Only the first round of a Long Energy pricing debate which could even spill Over into the next conservative Energy critic Michael Wilson quickly labelled it a Liberal but even he admitted it is impossible to make precise comparisons on future Energy department figures released along with last october budget which projected gasoline prices under the Defeated tory budget the new Price agreement violates the Liberal election for the Energy department said last october that under the gasoline prices in Toronto would be 34 cents a litre in 38 cents in 51 cents in 1983 and 58 cents a litre in but the new projections of gasoline prices released yesterday Are higher than Here they Are with the departments own estimate of tory prices repeated in Brack ets in cents a litre 34 in 46 cents 38 in 51 cents and in cents 58 the department also released a Chart they said showed the new agree ment would save average families from a year in 1982 compared with the proposals in the Defeated tory but department officials conceded they neglected to include the Energy tax credit of a year for a family of four that the nation conservative budget had another method used by officials in at tempting to show the Liberal Price is lower than the tory Price was to compare Oil prices at the even prime minister Trudeau office got in on that releasing a graph comparing the new Albert Ottawa wellhead Price with the proposed tory Price and projected world Liberal wellhead Price is lower than under the but the two should not be directly compared because the liberals add on More for although the Liberal wellhead Price will be a barrel at the end of this Federal taxes will push this up to about part of this extra tax is a Petroleum compensation this Money goes into a fund to subsidize Oil imported into Eastern Canada at world prices and to pay higher costs for newly discovered Domestic Energy department officials say they feel justified in comparing wellhead prices be cause if the tories didst have a compensation they would have had to raise taxes to pay for it or carry a higher Oil and Gas Revenue sharing bargain prices pegged to help sell natural Gas All Sale items Cash carry fill of Lively on orders Over within perimeter Hwy Mabo Nahr Ottawa up in an All out Effort to flog the country ample supplies of natural Gas at the Federal and Alberta govern ments have agreed to sell it at bargain at the same Alberta has promised to shoulder a solid chunk of the financial Burden of making sure natural Gas is Avail Able to most canadians from coast to the Federal government also has indicated it intends to authorize increased exports of Gas As Long As the National Energy Board determines 4here is a under the terms of the Otta Aalberta Energy agreement signed natural Gas will be priced at about 65 per cent of the Price of heating Oil at least until the end of when the agreement in other Gas Consumers will be Able to buy the same amount of heat for As Oil Consumers will get after putting out in addition to the Cut rate for the agreement provides a mechanism or Al Berta to help pay some of the Cost of opening up new markets in Eastern Alberta will pay the Federal government 30 per cent of the Price of new Gas sold in Domestic Ottawa will use those funds for capital expenditures associated with expanded distribution including the Extension of the Gas pipeline from Quebec to the two moves Are destined to make the Federal governments plan to get More canadians off Oil More a key element of the plan involves provid ing homeowners with taxable Grants of up to to cover half the Cost of converting from Oil heating systems to alternate Energy such As Wood and Hydro with the announcement of the Energy pric ing Consumers now can weigh the Cost of converting with the knowledge the Price of heating Oil will increase Over the next five years by 56 cents a litre or a although Gas promises to be significantly nobody is giving it under the the Price of domes tic Gas will increase every six months beginning 1 by 25 cents a thousand cubic the current Price in Toronto is a thousand cubic in making the Deal with the Federal government agreed to reduce to Zero on 1 its excise tax of 45 cents a thousand cubic feet on Gas exports to the United the tax is being reduced rather than eliminated to show Ottawa is not abandoning its position that it has the right to impose Federal officials said wednesday the reduction has no Impact on the set Export Price of a thousand cubic Canad an producers exporting Gas pay the tax out of their the Gas producing provinces Are bitterly opposed to the Federal tax on arguing Ottawa cannot tax a provincially owned Tiller up could easily hit a word Ottawa up saying Tiller up at a service station in five years time could Cost you anywhere Between and a depending on the size of your new Oil prices agreed to by the Federal government and Alberta this week mean that gasoline could Cost about 80 cents a litre or a gallon by the end of Federal estimates that Means if a Federal minion drives the Grey the Armor plated Cadillac reserved for prime minister tru for a the taxpayers Are going to be kicked for something Over the car has a 30gallon 135litre tank and expends about a gallon every 10 the size of tanks in other cars a big Ford has a 20gallon 95litre midsize 19 Gallons litres and a Small car 13 Gallons 58 filler up in those terms Means and telling a heating Oil dealer to fill up that 200gallon 909litre tank at the average Home will Federal estimates say that heating Oil by the end of 1986 will Cost a gallon or 56 cents a that full tank will Cost about ;