Re: Back under 1 $
in response to
by
posted on
Nov 25, 2008 09:44AM
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
Sharky:
Not to worry! With all of the pump priming being conducted by every major economy in the world, It is only a matter of time until we start to recover. Then look out for the systemic inflation that will take place. It will benefit mostly commodity prices and companies producing commodites and a few other sectors. Low cost emerging countries, with an educated population, but hungry for progress, will be the ultimately succesful. The West will diminish in both wealth and relative power! We are soft, while the emerging economies of Asia and Africa are hungry and they want their piece of the pie, which they have long been denied. The oil we do not consume, they will be happy to supplant.
Brian