Heating Bills about to go through the roof
I just got off the phone with Enbridge.
ENBRIDGE IS RAISING THE RATE by 50% IN MY AREA
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Was 20¢/m^3
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Will be 30¢/m^3
None of this matters a lot during the summer, because the only thing most of us are heating is our bath/shower.
The winter is going to be another story altogether though, as we start firing up our furnaces for the winter.
Good luck, everybody!
Posted Jul 4, 2022, 3:54 PM UTC
They gotta bleed us for as much money as they can.
Record profits for corps, record inflation for us!
Lets go canada!
Global demand for natural gas is up.
Enbridge reported a revenue of 47.07 billion Canadian dollars for 2021, an increase of nearly eight billion Canadian dollars compared to the previous year.
I wonder how much more they will make this year.
Full disclosure, I didn't read article or even click link. My comment is based strictly on the headline.
While it's impressive to look at revenue, it's more important to see the profit numbers to determine if a company is really price gouging.
That being said, most of these major corporations are posting record profits as well.
Not by 50%.
The bigger issue is that Russia-Ukraine is interfering with the normal supply of resources; and panicked consumers and opportunistic providers are jacking up prices.
Opportunistic Providers (greedy corporations).
Yet people will defend billion dollar corps and say shit like "free market."
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