[PapaSmurf]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: black69</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: PapaSmurf</div><div class="ubbcode-body">What <span style="font-weight: bold">OIL FIRES</span> are you referring to?
And how do they affect the exchange rate?
[img]<<GRAEMLIN_URL>>/mad.gif[/img] </div></div>

Should have used oil sands fire region, in my post, sorry about that inaccuracy in the way I wrote that, I knew it was the land that was on fire.

Anyways, I dont want to post a specific link here as it may contain potential software virus, but here is a title as one example from exchange rates .org/uk of how that situation my impact the exchange rate:

<span style="font-style: italic">Canadian Dollar Exchange Rates Weak Vs GBP &amp; USD As Wildfire Threatens Oil Production</span> </div></div>

Hello Bob
From my understanding the oilsands production shutdown because of the wildfire in the area is about 1 million barrels per day. This represents around 1% of the total worldwide production. Given the present worldwide production/consumption surplus of 1.5 million barrels per day this surplus would be reduced to a meagre .5 million barrels per day. I would think from a purely logical perspective based on simple economic theories of supply &amp; demand there would be some upward pressure on oil prices &amp; as all us Canadian are aware our &quot;loonie&quot; reacts directly in relationship to the price of oil.
JMHO from the &quot;Great White North&quot;
But I digress &amp; I/we need to remember that this is a car forum.
Just remember the 90,000 people who are sleeping anywhere but their own beds this evening.