I don't know if we will see 147 $ oil real soon.The jobless rate is still rising and on artickles I read over here that caises people to save more money and to arrange their lifestyle at a lower pace like they were used to do.

Almost every week up here we hear on tv about companies which will fire workers or closing the doors.Like you wrote an oil price at levels around 147 would certainly have again a very negative effect on spending and economic recover.

I read also something about the €/us$ .Hedge funds seems to concentrate on the US $ upside against the €.They bet these currencies will be at par in near time.Any comments about the US$ vs cad $ in time?