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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: Re: Oil Price/Connacher & Algar

May 29, 2009 11:15AM
1
May 29, 2009 11:28AM

Rebels:

The author, Dent is talking oil significantly higher than $90.00. Like double that or more. With the massive cutailing of production on a world wide basis which has occured, any increase in consumption will have dramatic impact on supply with resultant shortages. Unfortunately, supply cannot be turned off and then on rapidly enough to prevent a calamitous economic situation.

Any analysis should encompass at least an informed judgement of such a potential on the part of both investors and producers so as to formulate alternative action plans.

Brian



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May 29, 2009 12:41PM
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