Quote:
Originally Posted by Slava
I didn't look this up to be sure, but isn't $70 oil basically 2010? I mean yes it's down a lot from earlier this year and the historic highs, but I think people can adjust. It also isn't definitely a long term thing. Frankly, as soon as someone suggests that it's the 'new normal' I get skeptical. Same with 'this time is different'.
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In 2010 the cdn $ had a year high of par with the usd and a low of .92.
Oil went from $78 to $89 jan 10 to dec 10
with the conversion today wti is $74 (not wcs)