Oil overreaction?

High oil prices seem to have become a fact of life. Many have grudgingly advised that we had better get used to it, and move on. Analysis repeatedly cites insatiable emerging market demand and limited accessible supplies as key factors. It’s tough, if not impossible to refute these arguments, but similar reasoning in the early 1970s led to wacky forecasts. Are today’s triple-digit projections reasonable?

Listen to the  podcast from Peter Hall, VP and Chief Economist with Export Development Canada.