eye on the ball, page-79

Tomorrow is the decision date for both EA's obviously pending any extension of this date for the provision of additional information to DERM, I for one hope there is no additional information required by the DERM but that is wishful thinking.

I must say as much as I want the DERM monkey of our backs and the various other projects to progress, the world economy in my opinion is of far greater concern at present.

The pending Eurozone crisis has the potential to cripple the world yet again, I hope the IMF or others can step in and sort this mess out once and for all, it would be ineresting to see what exposure many of the worlds leading banks have to the European banking system, no doubt many sleepless nights for some.

On top of the Eurozone crisis there are signs of potential domestic economic problems in China, of course when most of us think of China and it's economy we emmediately think of their export led-growth but most often forget about the other balancing side of this, which is their other huge driver the realestate/construction sector.

There has been realestate bubble expanding that has the potential to burst should the cards fall the wrong way and we all know what catastrophic world panic this would cause. (I'm not one who's normally pessamistic but "World Metldown" comes to mind)

We've this seen this recently in several counties but many with not nearly as much world influence, (Not even taking the Eurozone into consideration, it's a scary thought) with out going on in more depth as you can see my continual rant about world turmoil etc... and the need for it to turn around before we can start to see upward longevity in our shares and this goes for most I'm affraid.

Don't get me wrong, I'm all for positive news from the company and everything that was in todays announcement is why I'm such a strong advocate of Carbon Energy but for us all to prosper in the long term we can't expect good news from the company to skyrocket the sp (at least with any longevity) until the world economies are resolved.

I make no appologies for my continual banging on about world economies etc.. because I feel we have more grave times ahead how serious only time will uncover.

Here's hoping some of these problems don't worsen or occur at all.

Cheers