Dondon:

You are making the error of assuming that oil demand will remain the same or increase. The reality is that many are now forecasting a severe economic downturn of depressionary levels commencing in June to late Autumn of this year. Should such occur, there is no way that the result will be an increase in consumption of oil which of course would mean a severe and likely fatal situation for struggling sources of high cost suppliers of oil. Of course, Connacher with its now significantly expanded debt would be considered very much at risk at a time where they would be trying to get Algar up and running with weaker demand and the escalated costs of production. This economy is not getting stronger. Unemployment here in the States is running now at 17% or so. This is of course higher than the Federal Government reported numbers. It is well known that US Government reports of employment data are routinely and chronically intentionally stated more optimistically than is the reality. We shall see. Meanwhile, I shall keep finger over the sell order key!

Brian