Quote:
Originally Posted by Jacks
According to that the major price drop consisted of one month last year, we are talking about long term pricing. Even with the price drop in December the price has been that low (and lower) off and on over the last few years. I don't see how short term fluxuations in the price of oil are anything we didn't know before the election. If anything we should be looking at quarterly numbers since short term pricing can have big fluxuations.
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The price hasn't changed so far this year compared to december. It seems to me it makes sense to budget off the current price, especially when it's looking like this years WCS price will be lower than last years.
It's not like there was 1 random month where the price dropped, it dropped at the end of the year and so far it's stayed down. A blip where March was low and the rest of the year high would be different.