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Old 02-01-2009, 02:20 PM
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Being in the pipe business, we have seen our costs double from $900/Tonne to over $1800/tonne. These costs of course get passed on to the oil compaines putting the steel in the ground. So perhaps the price of a barrel of oil has dropped by $100, the cost to drill the wells is still the same as it was when oil was $147.

If you think about it:

Calgary gasoline is ~$0.83/Litre
Coffee at Tim Hortons ~$5.00/Litre

My two cents
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