Re: We have a Basher on our Agoracom Board - For Jurek, and all
in response to
by
posted on
Feb 02, 2009 10:40AM
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
Sharky:
Sorry to hear about Belgium..I personally feel that this world wide financial crisis isn't as bad as the media would have us believe...As for oil prices..I think we're at bottom around $40.. FOX news is reporting widespread riots in Russia and is saying low oil prices have Russia on the verge of bankrutcy..There are too many countries that depend on oil being over $80 to maintain their economies. It won't be long before DRASTIC MEASURES are taken to raise the prices, be they war or production cuts .Not to mention Isreal and Hamas are going at it again..It's my humble oppinion that the drop in consumption due to the global economic problems were no where near high enough to warrent the drop in oil prices. It's just a matter of keeping levels of available oil below consumption to create shortages.