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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: Demand Destructon
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Demand Destructon

posted on Jul 11, 2008 11:39AM

We continue with these prices, to see demand destruction.

OPEC is going to allow this to happen as they cannot on a sustained basis, keep up with demand. And the world cannot make the changeover to fuel efficent vehicles rapidly enough. We have created our own misery by not anticipating our self created vulnerability.

The oil sands will be able for the forseeable future to " ride the coattails" of OPEC as price moves up!

Brian

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