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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: OIL and US$
2
Mar 18, 2009 09:53PM

Mar 19, 2009 07:06AM

The US$ has had a honeymoon period caused by the fact that it has during this crisis been the worlds reserve currency. The resul was to settle accounts people had to acquire us$ for international settlement. Now, due to the progression of events, this relationship of world dependence on the US$ is breaking down. It will take some time but what we are seeing is the beginning of the death of the US$ as the worlds reserve curency. This will have enomous impact on all aspects of our economic lives and the value of all commodites.

Brian


Mar 20, 2009 05:19AM
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