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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

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Message: kinda sums Oil's woes

IMO there is only one way and that's a slowly rebound of oil so that the eventually recover of economy can survive.Where will all the Nations around the world get the money to finance another drop on economy due to another spike in oil.

I beleive the gist of my post was that Oil spike was due to "unscrupolous brokers"you know the kind of "mannipulators" who use lies and deceit!

Oil will go up on DEMAND and the lack of SUPPLY,its all there in the percentages,ie DEMAND has gone down less than 10% meanwhile SUPPLY has been depleted by 9.1% year over year.

Now that finnancial corruption has been identified by Governments world wide ie restriction to hedge funds etc perhaps economies can cope with an escalating price for OIL" !!which is a depleting commodity!!"IMHO an escallating bbl price will give more incentive for alternatives???

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