anything happening with bow, page-16

All the CSG's and small oilers are getting hammered as the price of oil slides and people go into fear/ recession mode.There is a flight away from oil as many unlearned commentators think it is going back to $70/bbl.

Also their stoush with QGC over RPM is adding further pressure.

My feeling is that energy consumption will be knocked back through conservation measures ( say 15% or 12 million barrels per day ). Once this has been achieved the oil market will become tighter and tighter as consumption in the East increses and Peak oil considerations become more prominent.