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The Link: Between Oil and Gas

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The Link takes an in-depth look at the cost of oil from production to refining to retailing and explores the present and future prospects for this most essential of fossil fuels.

The profits and an alternative model

When former industry minister Tony Clement saw the rise in gas prices he said he wanted a parliamentary committee to look into gas pricing and that he might even pass the issue on to the Canada's competition bureau. Hugh Mackenzie, an economist and a research associate with the Canadian Centre for Policy Alternatives (CCPA), also finds those prices high so he analyzed current gas prices and the levels of profit levels being made by the multinational oil companies and he joins Marc Montgomery to share his perspective. ( Photo:Istockphoto )

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The Future?

Whenever the price of crude oil or the cost of gas at the pump goes up, most Canadians feel the pinch in their budgets and some begin cutting down on their gas consumption. But efforts such as using mass transit or eating more locally grown foods may not be enough to reduce our overall use of oil. Dave Hughes has some thoughts on these issues. He's a geoscientist who worked with the Geological Survey of Canada for 32 years and who now runs his own company called Global Sustainability Research. He's also with Canada's Association for the Study of Peak Oil and Gas and is a fellow with the Post Carbon Institute in Santa Rosa, California. He talks with Marc Montgomery about our many connections to oil and how he sees the future of oil in Canada in terms of use, availability and what it will cost us. ( Photo: Istockphoto )

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The Refiners

Oil producers say they don't set the price for a litre of gas, that it's the oil refiners and retailers who do that. In part three of our series on oil, we look at the refining and retailing end of the business. From a barrel of crude oil, it's a lengthy and technical process until that oil becomes the gasoline and other petroleum products that Canadian consumers require. For more on that process and why the price of a litre at the pump often seems to have little to do with the price of crude oil, Marc Montgomery speaks with Carol Montreuil, vice president of the Canadian Petroleum Products Institute, the organization that represents Canada's oil refining companies.( Photo:AP Photo/FILE )

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The Speculators

We often hear that the price of crude oil is set at a global level and that the price is determined by a range of market factors. To talk about how those markets function and the role they play in terms of oil and gas prices, we reached John Kurgan. He's a senior strategist with Lind-Waldock Canada, and Marc Montgomery talked to him about how buyers and sellers deal with oil as a commodity on the markets and how that's connected with the price for consumers of gasoline and other petroleum products.( AP Photo/Rich Pedroncelli )

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The Producers

The Link is looking at the price of oil this week - from what Canadians pump into their gas tanks - to what we'll be paying in the future. Whether it's gas for your car or the shingles on your roof, it all starts with oil. Today Marc Montgomery looks at the production end of the oil business with Greg Stringham of the Canadian Association of Petroleum Producers. ( Photo:Istockphoto )

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