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Loonie, Oil Prices Could Fall Much Further

Posted October 17, 2014

Under Economic Issues, International Trade Issues

(Don Pittis – CBC News)

The oil industry should have seen it coming.

Prices are falling, and if history repeats itself, there is no reason they can’t fall much further yet. If that actually happens, the impact on your life will be much more significant than saving a few dollars filling up your gas tank.

About a year ago, I read a report forecasting this would happen. It wasn’t exactly top secret, and hardly from a subversive group. Titled, The future of oil: Yesterday’s fuel, it was published in the right-of-centre Economist magazine. Read more here.