aquitaine
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The price of oil of course did not stay at the crash bottom of 2008.
True, although it is still way down from what it was in 2007. Part of it is that the "next big economic slowdown" just hasn't occurred yet. When it does we'll see prices go down again.
...a critical point, because much of the N. American boom in oil production via fracking and tar sands oil would be marginally uneconomic if the price had remained at the 2008 bottom.
Yep, pushing prices up somewhat, but again not nearly up to $140 a barrel.