(S (S (BASENP (DT This)) (VP (VBZ is) (PP (IN against) (NP (BASENP (DT the) (NN backdrop)) (PP (IN in) (NP (BASENP (NN 2006)) (SBAR (WHADVP (WRB when)) (S (NP (BASENP (DT the) (NN price)) (PP (IN of) (BASENP (NN oil)))) (VP (VBD had) (VP (VBN reached) (NP (BASENP (DT a) (NN record)) (ADJP (JJ high) (PP (IN of) (NP (BASENP (QP (DOLLAR $) (NN 70))) (BASENP (DT a) (NN barrel)))))))))))))))) (PERIOD .))