Sharky:

First off, your English is just fine. And much better than my Flemisch! Which is non-existent.

In my opinion, the dilemma the world is facing is one of inflation vs deflation. At the moment, virtually all national governments are practicing money creation, which is of course inflationary. At the same time, all other economic criteria are at present deflationary. The question is, which will finally be the dominant trend. If inflation then the economy will not go into a tail spin. But, we will see rapidly increasing prices for all goods particularly the staples of life. If deflationary forces prevail it will not be pretty for any one. In such event, this world will go into depression and no asset class will do well. With the possible, maybe, exception of gold.

If inflationary forces initially prevail then we will see rapidly escalating prices for all commodities including of course oil. Such might be adequate to throw us into a faltering economy and if allowed to inflate asset values too quickly, throw us into depression. All is balanced at present on a knifes edge. And this is the dilemma all are facing at present. That includes Connacher for, until they have that answer, they cannot judge whether to go forward with Algar or not.

Brian