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Page added on August 9, 2005

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No Relief in Sight for Gasoline Prices

“I am very upset with the high prices. This is not normal,” said Hunter Yon, a cartoonist in that city.

But Mr. Yon, and a lot of other Canadians, should brace themselves for the new normal in energy prices. Experts, including those who have placed big bets in commodity trading, say it could be many months before oil prices fall below $60 (U.S.) a barrel, and years before prices return to the more modest levels of three years ago — if ever.
The Globe and Mail



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