Ok Is their a world wide correction coming!

[Klause]

should also clarify - what I'm getting at, is don't
expect the oil patch to pull Canada out of a rut...
Expect it to be flat....

SF3, what services are your buddies in?

[derek75]

Our oil in undervalued compared to brent and wti
because we can't access world markets. Until we
have greatly improved our export capacity for both
LNG and oil on the west coast, Western Canadas
energy will be discounted.

Efficiencies and technological improvements have
opened up massive gas reserves both in Canada
and the US. Our problem is that their gas is a lot
closer to the market.

without increased export to markets outside of
North America, Western Canadian energy products
suffer from higher costs and lower prices. In a
period of 5-7 years the natural gas industry has
been turned upside down.

right now there is no need to expand production,
racing to get a discounted product to market. they
are in a captive market that under pays them
compared to world prices.

Western Canadian resources at a discount, were
use to bending over

[cottonpicken]

"Pull canada out of a rut',that is a severe
understatement,farming mining,oil account for
something like 10% gdp.

We are a consumption economy and when the
dominoes of the eu,japan and us fall,08 will be like
disney world.