DOUG SAUNDERS Globe and Mail Update LONDON — So where did all the money go? We know where it came from. It came from just beneath the frozen soil, where it had been sitting for 200 million years, deposited there by rotting vegetation in a dinosaur-tormented land. It sat there until crude oil climbed to a price, of maybe $50 a barrel, that made it worth the expense and human endeavour to scrape it out of the ground and boil it down into pure money. This week, the money being paid for that oil on the New York Mercantile Exchange had fallen to around $80 a barrel, down $70 from a few months before. Executives were making plans to postpone or cancel $110-billion in Alberta investments. Yes, the price is likely to rise again, at some point. But during this pause, let's get back to the fundamental question: What have we done with...
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