What Will The Tories Do About Oil Prices?
THE DARTMOUTH LAKER – OCTOBER, 2005
What Will The Tories Do About Oil Prices?
When will the price of gasoline stop increasing? What will be the price for home heating oil this winter? Why is Nova Scotia Power Inc. asking for a rate increase?
All good questions and ones that all relate to the price of crude oil. Let me be clear. No government can control the price of crude oil. Indeed, it has become a bit of a mugs game to figure out where the price will go in the coming months. But suffice it to say that oil production has peaked in the world and all future reserves will not be easily accessible. Therefore, the price is bound to stay high and, in the long-term, continue to increase.
I have heard from many constituents with regard to the price at the pumps. With winter only a few months away, people with oil furnaces will fill up their oil tanks soon. And for people with electric heat, the recent request by NSPI for a rate increase is likely to have an impact on their pocket books.
People are wondering what can be done with regard to oil and gasoline prices and electricity rates.
To start with, the Tories need to look at reducing the tax on gasoline. It was John Hamm who levied a two cent/litre tax on gasoline in 2000. Now that we have eliminated our deficit and have significantly reduced our debt, it is time to remove that gas tax.
Second, the HST equals a 15% tax on home heating oil, gasoline and electricity rates. The NDP has been asking the government to eliminate the HST on family essentials for some time now. The Tories have refused and that is a shame.
Third, the House of Assembly gave the Tories the power to regulate gasoline prices in the last sitting of the legislature. Now John Hamm is balking at the idea of regulating prices. Regulation would eliminate the constant fluctuations in the price and bring some stability to our gas purchases.
Fourth, Nova Scotia Power Inc. should not be able to increase its rates until it has a concrete plan for reducing its dependence on non-renewable resources (oil and coal) and starts to develop alternative sources of production (i.e.- wind).
Fifth, the Tories must help families who are struggling with price increases. Grants and rebates must be provided for those that are willing and able to renovate their homes to increase energy efficiency. Also, people should be rewarded for purchasing cars that have a higher fuel economy.
Sixth, Nova Scotia needs a transportation strategy. In HRM, the Tories must significantly increase their investment in public transportation. We need to set up the commuter rail service from Truro and Windsor. We need to provide rapid ferry service for all parts of the harbour.
Finally, the Tories must provide better information to Nova Scotians so we are able to have the information we need to improve our own energy efficiency. Whether it is the vehicles we drive, the replacement of windows and doors or the need to use alternative transportation sources, Nova Scotians do not have the information they require to make informed decisions.
The Tories are the government in Nova Scotia and the Tories must tell Nova Scotians what they are prepared to do to ensure we are best able to cope with the rapidly increasing price of oil. We should not settle for half-measures. The increase in fuel prices will have an impact on our economy in the coming months. We need to act now to limit that impact.
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