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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: Production
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Oct 22, 2009 11:23AM

Sharky:

You are right. The price of oil is actually being driven by two factors. 1. The change in value of the US$, which of course oil is priced in. 2. The ability in part at least, for consumption in the developing world, principally China, to absorb reductions in the European and US markets.

Brian

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