The squeeze is on

“I’d rather you didn’t mention the company by name. In fact, better not mention my name, either, because the story is a disaster. We don’t want (the information) out yet.”

From an officer in a small oilsands company – call him Don Fischer, – that comment sums things up for many juniors. Fischer argues, however, that the recent meltdown in global financial markets is only the killer blow in a credit squeeze within Canada’s petroleum sector that has been developing for three years.

Responding to Greer’s thoughts on ‘Premature triumphalism’

With Transition, many people encounter the model, the tools, the Network, and enter what we might call ‘Super Exuberance Mode’, where they feel they have found the One Thing That Will Save Us. Over time, this then calms down, and they become more realistic and grounded, but although that early stage is a powerful experience for many, it also has its inherent dangers.