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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: EGYPT

True - in terms of oil production, Egypt is a nothingburger. It is the larger context that should cause concern:

In Tunis, the reigning corrupt despot is thrown out, in spite of economic indicators showing good growth.

In Egypt, the reigning corrupt despot is thrown out, in spite of economic indicators showing good growth.

In Yemen, there is a reigning corrupt despot on the verge of being thrown out.

Neither has much oil, but:

In Saudi Arabia, there is a reigning corrupt despot.

In Kuwait, there is a reigning corrupt despot.

In Syria, there is a reigning corrupt despot.

In all cases, there is a danger of an islamic, fundamentalist, anti-West regieme (a la Iran) seizing power.

Should this materialize, the sh*t will hit the fan.

So look ahead a few years to see the real impacaty if present events.

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