Good technical points on Oil Sharky.

Personally I do not believe that the Oil prices were driven by demand and the supply. 300% in one year--just another commodity bubble. 150 to $200 oil would have disaster consequence for world economy.

If you think about O&G share price going to the roof with $200 oil just look what happen this year. Oil 300% up and corrected to 200% up.

How many O&G producers have their SP moved more then 50%? Not many. Most of them including CLL have no increase at all.

Over night energy futures are down on the US$ stronger against all major currencies. Just read that all central banks are supporting the US$. It looks like the TSX will open lower on Monday morning. I was hoping for big euphoria but it looks like traders do not buy the $700b deal.