I agree with Dion... I'll believe it when I see it. Last year big numbers were bandied about, like $1.50, and the "$2/L reality." It did not come to pass. The highest I remember Calgary getting was something like $1.269/L. These "experts" also predicted a $1.25 US loonie, and even said the Canadian dollar could hit $2USD before falling back to earth. Today the dollar is even par, and likely to stay between 90c and 1.05.
Its not that these guys are idiots or doomsayers... far from. But economics and commodities are so complex, multifaceted and everchanging... its impossible to predict with any veracity, 2 weeks in advance, let alone next summer. Its a lot like the weather.
Last edited by Thunderball; 12-03-2007 at 02:32 PM.
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