Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

understanding Bullrun666

[smarmy]

Surely you are not suggesting that the demand for oil and fossil fuels in general is now falling because of economically viable alternatives? Maybe I've missed the boat, but I can't forsee replacing my gasoline-powered automobile for many years to come. Global industry consumes fossil fuels because that is the most effective (ie cheapest) use of their energy purchasing dollars. Demand is currently down because of a global economic downturn, not because of some new, cheaper alternative. Neither Global Thermo. or any other alternative energy research company is close enough yet. For instance, there are some excellent wind turbines on the market, but I still buy my electricity from a company which burns coal. Why? Because it is, by far, the cheaper alternative in my area (and Alberta is a windy place). I get the impression that you dislike oil companies in general. That may or may not be true, and you are entitled to your opinion. But I honestly don't think you can rationally blame the price oil slipping with alternative energy sources, merely global economics ie. supply and demand. Best of luck, Smarmy