Re: Price of Bitumen? /Royalties
in response to
by
posted on
Jan 16, 2009 08:50AM
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
Jurek:
My fluency in eastern European languages is zip, nada, zilch, somewhere south of zero.
Thank you for allowing me to serve in your better understanding and utilization of English.
Just kidding!
On the subject of oil prices. It is my opinion that oil price will recover to the $60.00 to $70.00 range much faster than most expect. The reduction in OPEC and Russian production, along with the massive growth in the balance sheet of the US Federal Reserve sheet will accomplish that.
Brian