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Originally Posted by Baraka_Guru
Okay, that damned loonie is up over 97 cents now. It's at a 30-year high.
Oil is at nearly US$80 a barrel.
Correlation?
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I heard that the cost of oil would have to be over $100 USD per barrel to equal the cost of the energy crisis days of the '70's --- allowing for inflationary adjustments of course.
Incidently, I recall the canadian dollar being around $1.09 US back in those days. At least that was the exchange posted on the counter at McD's when I worked there in '74.