The Bayfield Post, 1982-06-11, Page 1The Bayfield Post
ISSUE A - 21
Editor's Corner
Manipulation of the Market Place or the
"Greed Game"
Remember a few years ago when there was an
alleged shortage of sugar. The price shot
up like a July 4 Skyrocket. Restaurants took
sugar bowls off tables and distributed the
precious powder only on request. Housewives
stopped canning fruit and making jam. Candy
and products containing sugar doubled and
tripled in price. Sugar became like powder-
ed gold.
Then the bubble burst. People became sus-
picious of the big sugar companies, investi-
gations took place, and the price of sugar came
down. The sugar shortage was suddenly over.
Another product to hit the shortage syndrome
was coffee. The price of coffee then
climbed higher than a healthy squirrel.
People began hoarding it in their homes.
Coffee, it was feared, might disappear all
together. The price of coffee tripled and
the big coffee importers burped all the
way to the bank. Then the so-called
shortage just evaporated leaving the
coffee people with what they wanted in
the first place, a lot more money.
Orange juice and peanut butter were two
items that tried to crash or cash in on the
big money via the "Shortage" route and en-
joyed some success.
However the prize for the biggest con job
ever to tread the "shortage trail" was
the brainchild of the oil people, both
producers and marketeers. Canada was
going to run out of oia. within 20 years;
Remember? Oil became the new liquid
gold, "the heavenly manna" which meant
economic and social disaster or survival
depending on one's supply. The price of
oil went from $2.00 a barrel to over $40,00
a barrel for openers, with a promise that it
would soon be $100 a barrel,
Natural Gas Companies soon became jealous of
the new extravagant wealth of oil companies and
found ready arguments why natural gas should
cost as much as oil, even though there is
so much in Canada we literally can't give
it away at a fraction of its market price.
Not to be outdone in the grab department,
giant utilities like Ontario Hydro raised
their prices dramatically and now want a
54% price increase over the next 3 years.
Like gas we have more than enough electricity
for our needs for years to come, yet these
energy giants want to carve up the energy
pie in three equal portions. Shortages or
abundance has absolutely nothing to do with
it. The law of supply and demand is a hoax.
Shorta6,e of oil? Where? The fact is that
countries are cutting production to dry up
an oil flooded market. Oil shortage? With
oil discoveries in the Atlantic and Arctic,
Canada could be oil self-sufficient by 1990,
that is if the oil companies and the Federal
and Provincial Governments could control their
appetite for money,
Friday, June 11, 1982
Free Copy
It's all a big game folks and it's called
Greed. But the greed game is taking its toll.
It's bleeding people, it's bleeding the economy,
it's bleeding the country and the world. The
players in the greed game, whether they be
governments, companies, or individuals are
finding out that there are eventually only
losers in the greed game. You can win only for
a time, then everyone loses.
Yes Virginia, greedy people are stupid people.
BAYFIELD RECREATION COMMITZEE
Lights for the Bayfield ball diamond are going
to be a little closer to reality. To further
that purpose the Bayfield Recreation Committee
is going to hold a draw on a Honda ATC (All
Terrain Cycle). The motorbike is a $2400,00
value purchased at a discount price through
Hully Gully.
Tickets are available from members of the
Recreation Committee and all ball team members
for $1,00.
The draw for the Honda ATC will be held on
Sunday, August 1 at the Bayfield Community Centre
at the close of the Bayfield Good Time Weekend.
BA' 'FIELD LIONESS CLUB
The Bayfield Lioness Club is embarking on a
misvion of mercy. They are doing this community
a real service by sponsoring the "Vial of Life"
program here. The full details of the program
can be gathered from their full page ad in this
paper. The ad was purchased at cost. The ladies
hope local residents will help ensure the success
of this potentially life saving endeavour.
Evan's Farm
MARKET
FRESH ASPARAGUS
ONTARIO TOMATOES
NEW POTATOES
LETTUCE
RADISHES
GREEN ONIONS
SPANISH ONIONS
ONTARIO PEANUTS
& WATERMELON
Evan's Farm Market
2 mi, north of Bayfield
Hwy 21 482 - 7562
THE BAYFIELD POST 565-2439
haw's
Dairy
Store
ZURICH, ONT.
OPEN 7 DAYS
a week
8 a,m, - 10 p.m.
PHONE 236-4930
GROCERIES
GAS
NOVELTIES
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