A viable fishery (II)
The captain of the red-herring skiff strikes again. From a Rob Antle report in today's Telegram:
A study released by a regional think-tank this week on petroleum product regulation is flawed, the Newfoundland and Labrador government claims.Are red-herring futures RRSP-eligible investments?
...
The hit to consumers totalled $65.2 million in Newfoundland and Labrador since the market was regulated in late 2001, AIMS claimed. But [Government Services Minister Kevin] O'Brien said the study doesn't give the "true picture" of regulation.
It only costs the province $500,000 a year to run the system regulating petroleum pricing, he noted — roughly 0.004 cents per litre.
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