Depending on who you listen to, oil prices are either about to crash again, or soar much higher. Here’s how all the arguments stack up.
Tag Archives: price of oil
Life at $20 a barrel: What the oil crash means for Canada
As the price of crude plunges, and drags the loonie with it, the pain stretches far beyond the Alberta oil patch. What’s next for Canada’s economy?
Why a moratorium on oil sands expansion makes sense
An effort to significantly reduce global CO2 emissions would likely cause the price of oil to fall, and with it, oil sands development.
What’s up with the soaring loonie?
The loonie’s rise is creating headaches for the Bank of Canada
The price of oil falls, the price of gas soars… what gives?
Drivers across the country are seething mad. The price of oil has fallen from a high of $147 a barrel in early July to just over $100, but instead of lowering the price of gas, the gas stations have just hiked it up! Many parts of Canada saw a big jump at the pumps this morning, with prices up to as high at $1.36 a litre here in Toronto.