Interestingly, just as I had completed writing this blog I got a mail with two questions - What is the likely impact of the low oil prices on the Oil sands companies? Which will lead to another question . What can we all do, in our own small ways in IT , to help reduce impact? So I have added a paragraph trying to mention how IT can contribute. Impact of Low Oil Prices Generally low oil prices means less expenses and lower inflation. But how would it impact various countries? I have also tried to find the answer to this question. I was trying to co-relate the impact it would have on the Canadian dollar. When I landed in Calgary the CAD was trading at Rs.40.65 , now it is Rs.38.34. From what I have been reading in the media the oil price is expected to dip to USD35 by the last week of December '08, but is expected to recover to upto USD50 in February. Now that the oil prices have dipped there are bound to be some who will benefit and some losers. The ones to benefit- Based on the da...