OPEC operates on need and greed. Seeing as the western countries have made huge financial contributions to stabolize their own economies along with the international economy these OPEC countries also need to make a huge contribution by slashing production by 2 million barrels a day. The market has already priced in a 1 million barrel a day cut and it hasn't worked. A 2 million barrel cut will make more money for OPEC in the long run because the oil will stay in the ground and later be sold for $150+ a barrel in a year or two which will satisfy their greed. So they need to make a 2 million barrel a day cut tomorrow. We live in unprecedented times therefore unprecedented action is needed now. The question is which OPEC countries will honestly make the cut? The smart ones.

Since Connacher's share price goes up when the price of oil goes up this is what we need.

Cheers; Scott