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Living Day by Day When it is More Difficult Than Ever

by John G. Stackhouse Jr.

Oil prices recently sank to a four-year low and the International Screen Shot 2015-02-02 at 9.30.01 AMEnergy Agency, a consultancy to 29 countries, predicts they will fall further in the year to come. As Canada’s economy depends so much on oil production, our petrodollar is only in the “high 80s” and likely to drop further. Remember when our dollar was at par with the American, and oil prices were expected to go up and up, and Alberta’s tar sands looked like a really mucky gold mine?

Who foresaw the new Russian czar risking war to annex parts of Ukraine? Who predicted ISIS’ reign of terror? Who, besides some paranoid screenwriters, imagined something like Ebola making its way out into the rest of the world?

At the end of interviews on a recent event or trend, journalists customarily ask the experts on the hot seat to predict the future. This practice continues even though we all recognize that no one will remember what they said and hold it against them five years from now, so they can say what they like. And no one can infallibly predict what will happen five months or five weeks or five days from now, so now it really doesn’t matter what they say.

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