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JULIAN REED Ontario energy review years the people of Ontario have been fortunate enough to have plentiful supplies of hydro power Fuel oil and gasoline and natural at fairly reasonable prices Recently however we have come to realise that this situation is changing I would like to remind you of a few of the developments over the past three years In September the price of oil In Canada was about S3 BO a barrel and the OPLC countries quadrupled the world price At the Federal Provincial Energy Conference in March the price of crude oil was increased percent from so to W a barrel On July 1st 1975 the domestic Canadian price for crude oil increased a further percent lo and Ottawa imposed a IS day price freeze to give oil refiners time work their Inventories lowercost crude through the syste preventing profits The Ontario Govern during an election period extended the feeie days and then 134 days A Royal Commission Petroleum Products Pricing was established and Com miss inner Claude was appointed study the relationship between price increases and the interests of he Ontario public On April 7th this year Provincial Energy Minister Dennis Timbrel called for a socalled blended price for oil would average out the coat of new oil which would to world prices of old oil l held barrel and the cost ported oil betting the stage for the annual Federal Provincial debate on energy oil and gas prices the federal government on April released a long awaited energy policy paper The major items of this paper were as follows Oil and gas prices must rise lo reach world prices in order to stimulate exploration Canada must work toward self reliance defined as reducing dependence on foreign bout This is a change from the 1973 policy of working toward self sufficiency A new geological survey ha drastically cut estimate of oil and gnu reserves recognlie that easily obtained Canadian supplies will probably be depleted within a decade at which time consumers and industries will have no alternative but to pay world prices for oil and Ignored the urgent need to encourage conservation develop energy sources and prepare our industry and consumers for the advent of world prices We arc standing on the brink of a new era In energy and will see in my opinion the utilization of renewable resource technology The process has already begun through the stimulation of development mainly by the government of the United States who has committed million in recognition of the need to move from the petroleum age Into the solar age The challenge for Ontario is to make commitments to development and production in this Province so that we may realize our fair share of what will undoubtedly become a most Important industry in Ihe We felt that producing provinces oil revenues should not be further increased and that despite Mr he needs of the oil producing provinces must be recognized we are unwilling to pay these provinces higher prices We agree with Mr that the oil industry should be guaranteed a higher price for new oil discoveries in order to motivate exploration However the cash flow requirements finance ex should be met in the traditional manner If private Investors ore unwilling to assume the risks of further oil exploration then surely government should not force consumers to do so On May the provinces took their customary positions with the producing provinces demanding a per barrel Increase and Ontario leading the opposition to price hikes and pushing their blended all price proposal The Federal Provincial meeting however to no agreement on oil and gss prices Federal Energy Mines Resources Minister Gillespie announced on May lflh that new Canadian oil prices with the agreement of the producing provinces would be for gasoline per barrel more by March a barrel on July and a barrel on January although these price Increases were not to come Into for DO days for natural gas the price rose by 13 cents per 1000 cu ft July 1 and will Increase by 10 cents to per cubic ft January l THERE S ASPARKLEY0U CAN SEE A SPIRIT YOU CAN FEEL IN EVERY DEPARTMENT AT A P CRAFTED IN ENGLAND by John Eva Every one majtorpi England laid art THIS WEEK S STONEWARE FEATURE CerealDessert Dish 69 This will repeated four times Dinner Plate each Available at all timet COLLECT THE SET OF YOUR CHOICE AND ENJOY SAVINGS ACTION PRICED I VARIETIES INCLUDING CHOCOLATE CHIP DADS COOKIES TIN TIE BAG For Freshness Quality Shop AP LARGE SIZE BANANAS ARRIVING DAILY FRESH SPINACH FRESH DAILY COLE SLAW OVEN READY TRAY BUTTERNUT SQUASH 10 ox cello 2 2 OZ tray BEAVER BRAND Popping Corn WEEPING FIG PLANTS Ficus Benjamina PORK LOIN QUARTERS CUT INTO S PORK CHOPS RIB LOIN END CHOPS CENTRE CUT CHOPS CHOPS IN A SUPER RIGHT SLICED SIDE BACON BURNS VAC BOLOGNA CHUNKS 158 COKE Pork Loin Roasts Whole Pork Loins RIB FREEZER CUT PORTION SLICED lb lo 14LBS AVERAGE Tenderloin Portion Sliced Tenderloin Portion lb I A CENTRE CUT LOIN R lb 1 SWIFT WIENERS Sausage 99 Oktober f est Sausage RMAN Sausage 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