Walmart Canada

Once again Walmart shows why it is king. Wal-Mart Stores Inc., known for its strong stance against workers unionizing, on Thursday closed a tire and lube center in Canada where workers had voted to organize.

A Wal-Mart spokesman said the five workers and one manager at the center were offered jobs at comparable Wal-Mart facilities or elsewhere in the store, which is located in Gatineau, Quebec and has more than 250 workers. The store itself will remain open.

The closure comes after an arbitrator in Quebec had imposed a labor contract on the facility in August.

The United Food and Commercial Workers union called the closure an "attack" on Wal-Mart workers. Wal-Mart in 2005 closed a store in Jonquiere, Quebec, after workers there agreed to unionize. The union has a Canada Supreme Court case pending over whether those workers' rights were violated.

Wayne Hanley, president of UFCW Canada, said the closing violates workers' rights.

"Wal-Mart thinks a cheap oil change is more important than the Canadian constitution," Hanley said.

Wal-Mart Canada spokesman Andrew Pelletier said the contract that was imposed on Wal-Mart in August would have raised costs too much. "It could require us to increase consumer prices by more than 30 percent," Pelleti

What really makes this so interesting is that Walmart is a solid stock on the S&P Canada, and there is nothing that anyone can do to stop them.

Pay Less at the Pump?

OPEC Speaks
Even though the United States does not get the majority of its crude oil from the Middle East (only about 15% comes from Saudi Arabia), The USA does receive more than 50% of its crude oil imports from OPEC. With imports that high, its not hard to see why the US oil market is still has an indurate link to the OPEC cartel. It just a fact of life. The USA's largest crude importers are Canada and Mexico (both whom are non-OPEC countries), but they are followed closely by Venezuela and Saudi Arabia. Logistically, this makes sense, it is easier to ship form Canada then it is from Kuwait.

However, good news from from the sandy pond region today; Kuwait's Oil Minister, acting Spokesman for OPEC, announced today that OPEC would increase crude production by 500,000 barrels per day. This should ease oil futures and loosen up prices in about 30 days.

Another falsehood that many American's believe is that OPEC is made up of only Middle Eastern countries, this simply is not true. The countries that comprise OPEC: Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, The United Arab Emirates, and Venezuela.