Hi Lynn

I don't say that oil price will not go up but question is how fast .Not one of us has thought that we should see the financial system collapse. This system is the heart of the economy. So how deep will this affect the situation like Brian wrote too it's all based on the greedy of people specially those in the nice suits, living in extremely high standards and earn money they never can spend during their lifetime.

But the problem is not in the US alone .This Sunday there was a meeting between banks and politicians ,ECB etc to save the bank I told earlier ,in Belgium from total collaps.If it will be successful, tomorrow will tell ,but I think many people are holding in their breath tomorrow at opening I guess. Also banks in Germany, France, and UK are in trouble. Some are backed by governments but finally who's the payer of their mess. The tax payer.

But on the chart we can't see a bullish move either a bearish with probably some minor spikes.

Because I live in a country with no oil ,I'm not so well educated about oil and refiners etc..You guys are better placed for that so I'm listening to your comments. I just look to charts.

But trough discussions I learned that a climbing price is not that good for refiners so also for MRC.I'm still not convinced if the upgrade for MRC is good or bad.Unless oil will stay for a long period let's say between 100 to 145 for