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By Undustrial (registered) - website | Posted May 18, 2011 at 12:59:08 in reply to Comment 63628
Oil isn't priced in Canadian dollars, though, it's priced in American dollars, and we've been gaining ground over their buck for years now. I agree, we've grossly deflated the value of our dollar, but not as much as they have. Is it affecting oil and other commodity prices? Sure. But it isn't the only factor.
We've been using cheap energy to subsidize the massive inefficiencies in our economy for decades. Shortages were bound to cause economic chaos.
"Today, the notion of progress in a single line without goal or limit seems perhaps the most parochial notion of a very parochial century." — Lewis Mumford
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