Dondon:

I do not dispute that oil will ultimately increase significantly in price. Most commodities will. The question is when and by how much? To think that price elasticity for oil is infinite and is not subject to some limitations is a fallacy, as was demonstrated when oil made its run to $148.00 in 2008. Of course it then crashed to $35.00 and has spent the past near two years getting to $85.00. Always be careful what you ask for. You just might get it. And one thing Connacher cannot afford is a revisitation of $35.00 oil!

Brian