Just saw that Obama is going on the green path .That's about the same I posted earlier about the solar ,wind and other systems to get a boost in the future.

It's a way to create jobs in a new economy related system which is also using less energy ,independent from other oil countries and CO2 free.If we like it or not but like I wrote before it's my belief that the crisis has opened eyes to see things from another view.I agree we will need oil for a very long time too but they will slow down the use specially for electricity companies which throw out large amount of CO2 ,bringing smaller and enviriomental friendly cars on the market for use in cities around the world or thick populated area's like we have here.By stimulating that kind of projects that will create jobs and will start up consumer spending again and for sure oil price will pick up too.That could be the reason why Canadian government was not so eager to approve new plants.

I told that we would go to 0.70 and we are nearing it .If we take Fibonacci waves again next stop could be 0.61 as support before we have some rebound.Therefore I take from zero to 1 .So levels are 0.38 then 0.50 and 0.62 as major stops.It just mathematics in charts .However I hope if we reach 0.62 it will be THE bottom .Tomorrow we have Opec .Let's see what they have to say.