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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: POO

in case Europe DOES actually fall to pieces

i don't think it will fall to pieces.But indeed the needed reforms will take time and the big problem compared to Canada or the US is the difference in leadership.The Euro president is not comparable to the US and Canadian one.He's more a puppy of the french and german leaders .They are the strongest forces in the Eurozone and it will take long time if we ever get a leadership like overseas.

But simply the € must be in place.A way back is not the case and it would drive world economy into deep trouble.

i also think latest trouble will have impact on oil but like described here the up and down forces could find a balace around the 90 level with some swing up and down of it.In fact that could have a possitive impact on spending.If in the scenario which will be tough coming months ahead oil should jump to levels above 120 etc. could bring much more damage.

But people start to discus more and more about what will come up on new tax and other actions from the government to get their debt under control.

About CLL.I'm curious now what they will gonna do witj tjeir latest testing results which in fact were not bad at all.When and how will they use it in the future and have they the monney to do it?

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