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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Connacher today's Financial targets

Nov 11, 2008 02:04PM

Nov 11, 2008 02:39PM
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Nov 12, 2008 05:19AM
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Nov 13, 2008 01:59AM

Nov 13, 2008 05:00AM

Nov 14, 2008 05:03AM

Yes that's right.In the past it was clear that Opec can't set the price they want due to members and others who don't take the appropriate action for that.

Here is a long term oil chart .Quite a bubble they made but it has come down very sharply.

http://www.futuresbuzz.com/crudelt.html

At 1991 oil hit around 40 but came down to 10 almost later in 1999.

But now worldwide we face a severe recession and that wasn't the case before .So can they stop oil price falling ?Demand will stop the drop and not Opec.It's just bla bla bla.


Nov 14, 2008 07:34AM
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