Re: Some interesting read-positive things ahead
in response to
by
posted on
Apr 25, 2011 08:51AM
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
Sharky:
As regards the price of oil I am in agreement. With oil now at $112.85 WTI and roughly $10.00 higher for than that for Brent, how far can it go and how rapidly could it get to that $147.00 level where the market previosly crashed back in 2008. And how sure can we be that the economy has enough strength to withstand prices even below such a level. Pile on top of that the pressures of Middle East tensions with geopolitical threats to supply and we have an extremely fragile situation that could break at any time.
At present, I perceive a lot of danger in these markets!
Brian