Skip to main content

Featured

Gas Is Still $1.81 a Litre: Why Pump Prices Won't Fall (and What to Do Before Winter)

  Canadians hoping for relief at the pump got bad news heading into this week: it isn't coming soon. The national average for regular gas was $1.81 a litre on Friday, according to Kalibrate, with provincial averages ranging from $1.557 in Alberta to $2.156 in Newfoundland, per GasBuddy. That's after a big policy move. On Friday the G7 announced plans to release 100 million barrels of oil right away, starting with diesel. Brent crude dipped on the news, then climbed back to about US$102 a barrel by the afternoon. Don't expect the release to show up at your station, because crude is only half the story. Crude oil explains only half your pump price Wood Mackenzie's Jim Mitchell says crude makes up 50 to 60 per cent of the retail price of gas. The rest is the cost of refining it, and that's where the squeeze is. Bank of Canada Governor Tiff Macklem pointed to damaged refining capacity worldwide in a Sept. 21 speech, noting that pump prices reflect crude roughly US$40 a ...
Post a Comment
Read more

article

Labels

Colombia on Edge as Trump’s Post‑Venezuela Threats Stir Regional Anxiety

Colombian military patrol the Simón Bolívar International Bridge in Cúcuta on Tuesday. After the U.S. seized Venezuelan President Nicolás Maduro, members of powerful armed groups started arriving in Colombia from neighbouring Venezuela.

Tensions in Colombia have intensified following President Donald Trump’s forceful remarks in the wake of the U.S. military operation that captured Venezuelan leader Nicolás Maduro. The comments have revived long‑standing fears about regional instability and raised questions about the future of U.S.–Colombia relations.

Rising Tensions After the Venezuela Strike

In the aftermath of the Venezuela attack, Trump issued sharp warnings toward Colombia, accusing President Gustavo Petro of enabling drug production and trafficking. He suggested that Petro’s government “would not be doing it for long,” a statement widely interpreted as a threat of potential intervention.

The remarks came amid a broader pattern of aggressive rhetoric toward several countries, signaling a more confrontational U.S. posture in the region.

Petro Responds Forcefully

President Gustavo Petro condemned the statements as an illegitimate threat against a democratically elected government. He warned that any attempt to remove him would provoke a strong national response and emphasized that Colombia’s armed forces are committed to defending the constitutional order.

Regional and Global Fallout

Governments across Latin America have reacted with concern, especially following the Venezuela operation, which many criticized as a violation of sovereignty. Trump’s comments have heightened fears that further U.S. actions could destabilize a region already grappling with economic pressures, migration challenges, and political polarization.

What Comes Next?

While no concrete actions have followed the threats, the uncertainty alone has unsettled Bogotá and its neighbors. With diplomatic tensions rising, Latin America may be entering one of its most unpredictable periods in recent years.


Labels:

Comments

Post a Comment