You might have heard that yesterday afternoon the price of oil reached $53.04 USD per barrel. Reasons include concerns about winter fuel supplies in the US, operational problems in the Gulf of Mexico and petroleum industry strife in Nigeria and Norway. However, what you probably did not realize, is that the price of oil has been worse:
While oil prices are about 70 percent higher than a year ago, they are more than $27 below the peak inflation-adjusted price reached in 1981.
So really, the price isn’t all that bad. Or in other words, it could be a lot worse.
The overriding concern among oil analysts these days is the world’s scarce surplus production capacity, or supply buffer, which is dangerously thin at around 1 percent above the global demand of 82 million barrels daily.
Solution? Develop the damn oil sands and destroy OPEC Canada! My god, quit wasting money on old submarines and spend $300 million to develop a more efficient way to extra oil from Alberta’s HUGE reserves. That’s what I would do if I was Dictator of Canada.
Read: Forbes.com
MasterMaq's Blog 
you were born in Canada right Mack? which means that you could effectively run for Prime Minister, dissolve the cabinet, then rule with an iron fist…
ooh I’m drooling just thinking about the power…
If only we were so lucky…
"if" is for philosophers and dreamers
"when" is for men of action (i.e. us) 😉
Keep dreaming. I mean lets face it, it’s rumored that Canada wants to sell off its 51% of Petro Canada. If this is the case it appears to me that Canada has no interest in oil and that it will further rely on foreign supply. Develope the oil sands yeah right! and I suppose they will sell it to Canadians cheaper! Keep dreaming!