An Energy Analyst this morning on BNN made the following statements, which some here will find very interesting.

Oil Prices are falling and will continue to fall due to an oversupply of oil and falling demand in North America.

The Bakken in North Dakota is now producing 1/6th the amount of all oil produced in Canada. A few years ago North Dakota did not produce any oil at and it is in Central North America and therefore does not require any pipelines to get it to the refineries.

Coal consumption is generally used in power generation. Many coal burning plants are switching to Natural Gas for environmental reasons and the forecasted low prices of Natural Gas in North America.

Natural Gas will also become the fuel of choice for large trucks, company vehicle fleets and heavy machinery. When he was asked why he did not include the passenger vehicle for Natural gas the answer was......

"Because the family car will be electric."

H,mmm makes you wonder about that.

And over in Europe it has been noted:

Withdrawls in Greek bank accounts March- April were $ 32 billon dollars going overseas or to Switzerland .

The little Mom and Pop accounts in May/12, have withdrawn over $1 billon dollars. The Greek banks are jumping through hoops to get capital to keep paying out these withdrawls selling Stocks and Financial assets so not to close the Banks.

What happens now if runs on Banks start in Spain with an economy that towers over tiny Greece?

Would we have a stock market crash/happening dropping stocks worldwide?

Europe Banks it seems have cashed in more then 10% of their gold stocks to fund the redemptions of Greek withdrawls.

Is Spain is up next? Makes your head spin all this so... what do you think will happen then??????