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
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