Re: Some interesting read-positive things ahead

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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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BKM8572

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Re: Some interesting read-positive things ahead

in response to

Re: Some interesting read-positive things ahead

sharky

posted on Apr 25, 2011 08:51AM

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.