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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: has Oil bottomed

has Oil bottomed

posted on Mar 20, 2009 10:59AM

To be sure, Bank of Canada Governor Mark Carney is seeking a rise in commodity prices spurred by global demand rather than one based on the view that his policies risk sparking runaway inflation.

the above was taken from an article in the Globe,every time I see an opinion on bbb pricing I put forward "PEAK OIL",some seem to think the later was part of the Hedge Fund deceit,but IMHO it is truly about SUPPLY and DEMAND the lack of the former and the increase of the later,Connacher will see a DEMAND for its bitumen as infrastructure spending paves(pun)the way for a higher price for all things Oil...

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