Why You Should Be Maximum Bullish on the Canadian Oil Sands

Discussion in 'Energy' started by FRIKSHUN, Feb 14, 2011.

  1. FRIKSHUN
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    FRIKSHUN VIP Member

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    Why You Should Be Maximum Bullish on the Canadian Oil Sands
    By Matt Badiali, editor, S&A Resource Report
    Monday, February 14, 2011

    If the giant gap between per-person oil consumption in the United States versus China and India isn't enough to get you bullish on crude oil, I have frightening numbers to show you…

    Most Americans hear vague statements about our "dangerous dependence" on Middle Eastern oil. But what most folks don't know is that we import more oil from Mexico than we do from Saudi Arabia. Another thing most folks don't know is that we import nearly as much oil from Nigeria and Venezuela. In 2010, we imported nearly three times more oil from Mexico, Nigeria, and Venezuela combined than we did from Saudi Arabia.

    Now here's where it gets frightening… and why you should have a portion of your portfolio in the huge, safe Canadian oil sands.

    http://www.stockhouse.com/Columnists/2011/Feb/14/Reasons-to-like-Canadian-Oil-Sands
     
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  2. Mr. H.
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    Mr. H. Diamond Member

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    Is that where tar babbys come from?
     
  3. editec
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    editec Mr. Forgot-it-All

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    SPAM ALERT.

    Go peddle your crap stock advise elsewhere, stranger.
     
  4. RGR
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    Actually, the largest accumulation of flowing oil on the planet is in Venezuela. A large portion of Canadian oil isn't oil, it more closely resembles a tar stuck to a sand grain. You mine the sand, steam and clean it, and the stuff which comes off can be made into a flowing crude. This type of mining operation tends to separate it from the actual largest accumulation in the world, the heavy and extra heavy oils of Venezuela. Sure, some of the resource being extracted around Fort McMurray is more liquidly than others, but most definitions classify the Athabasca as tar sands.

    The key word in your first sentence being "safe" of course, the Canadians are contractually obligated to sell us their crude, speak English in Alberta and are nice and semi-American, the Venezuelans under Chavez are notoriously untrustworthy.
     
  5. Mr. Sauerkraut
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    Mr. Sauerkraut Active Member

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  6. onecut39
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  7. Mr. H.
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    Tar babby am cute.

    [​IMG]
     
  8. onecut39
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    onecut39 VIP Member

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    Unfortunately a barrel of very toxic waste is produced for every barrel of low grade crude extracted.

    In pictures: Tarnished Earth - the destruction of Canada's boreal forest | Environment | guardian.co.uk
     
  9. Offshore
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    The Alberta oil sands get a bad rap because of misinformation ....... There have been many new innovations to clean sands and tailings are being converted to reclaimed and sustainable land with new technology....biodiversity in the oil sands region is 97% intact.
    It is responsible for only 2% of the world's greenhouse emissions.....extraction accounts for less than one tenth of 1% of global GHG.
    Learn more by googling capp....
    New technology, innovation, research are leading to some good solutions.
     
  10. Douger
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    Douger BANNED

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    Sorry. I don't invest in environmental destruction..... at any profit level.
     

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