15 May 2010

The recovery is here all right…

Someone just forgot to tell the friggin’ Europeans.

Crude is hovering at about US$71 a barrel, down the better part of twenty bucks in the matter of a few weeks.

Meanwhile at the provincial finance ministry they’d likely be flinging themselves out the window if their offices weren’t on the bloody first floor.  Billion dollar deficit forecast based on oil averaging about $15 above where it is now and the odds are looking very good that we just had the high point for the whole year.

That would be so friggin’ cool if it wasn’t going to hurt us all.

Hurt us all very, very badly.