Connacher Oil & Gas Ltd CLLZF

RE: Oil and the US economy

[miltrader]

Persistent oil prices above $90 shows that the shape of the US economy and oil prices are not related. It is a global issue regardless of the situation south of the border. Demand has surpassed supply and what we see right now for $100 bbl is not a cyclical event, it is here to stay. Developing contries and to some degree European contries are going to resort to develop clean energy sources in massive scales and in the meantime on surprising levels dark, black and cursed coal will gain value. I know it is unbleiveable. Higher oil ignites demand for clean and very dirty sources of energy. Beaten up coal producers will return higher profits to the investment same as solar energy producers.