Crude

[LEP]

Hope you enjoy .60 cent calves.

[foragefarmer]

Cattle farmers are finally making a little money after ten prior years of crappy prices and managed to survive, and if prices drop they'll still make it work. Big oil had 6-7 great years of great prices and now your saying the government should make policies to help them compete in the world market. Very confusing!!!!

[furrowtickler]

Rumour is that a Husky just canned a huge chunk of projects and jobs two days ago . This is the second round I believe .
I still believe that a major housing crash is here in western Canada. This screams of the 2008 housing collapse in the U.S.

[LEP]

Forage don't misstate what I posted very clearly.

I said no new money, and don't pile on new royalties and carbon taxes.

[perfecho]

We have been here before.....

From Wikipedia, the free encyclopedia

The 1980s oil glut was a serious surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil, which had peaked in 1980 at over US$35 per barrel ($101 per barrel today), fell in 1986 from $27 to below $10 ($58 to $22 today).[2][3] The glut began in the early 1980s as a result of slowed economic activity in industrial countries (due to the crises of the 1970s, especially in 1973 and 1979) and the energy conservation spurred by high fuel prices.[4] The inflation-adjusted real 2004 dollar value of oil fell from an average of $78.2 in 1981 to an average of $26.8 per barrel.