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While oil demand grows higher by the day, supplies are in a constant state of flux…

The Middle East’s tinder is constantly catching fire, and the other major crude oil players are either unfriendly (like Venezuela and Nigeria) or simply running out of oil (like Mexico and the North Sea region).

But Alberta, Canada’s oil sands, once too costly to process at a profit, have suddenly become a veritable black gold mine. Now…

With the razor-thin gap between supply and demand – and the volatility of producing nations not priced in – oil’s price is currently undervalued at $90+ a barrel.

The cost of refining crude oil from tar sands has dropped from $29.63 a barrel to $13.21 – and continues to fall as oil production ramps up.

Canada’s sands contain up to 3.4 trillion barrels of oil – more than the reserves of every OPEC country combined.

Woohoo! Great to be a Canadian especially an Albertan!!

Cheers!

Re: Did you know?

Quote:

Originally Posted by MDimitri

While oil demand grows higher by the day, supplies are in a constant state of flux?

The Middle East?s tinder is constantly catching fire, and the other major crude oil players are either unfriendly (like Venezuela and Nigeria) or simply running out of oil (like Mexico and the North Sea region).

But Alberta, Canada?s oil sands, once too costly to process at a profit, have suddenly become a veritable black gold mine. Now?

With the razor-thin gap between supply and demand ? and the volatility of producing nations not priced in ? oil?s price is currently undervalued at $90+ a barrel.

The cost of refining crude oil from tar sands has dropped from $29.63 a barrel to $13.21 ? and continues to fall as oil production ramps up.

Canada?s sands contain up to 3.4 trillion barrels of oil ? more than the reserves of every OPEC country combined.

Woohoo! Great to be a Canadian especially an Albertan!!

Cheers!

What stocks are heavily invested in Canadian Tar Sand EXTRACTION ???

Re: Did you know?

About a month ago I was in Fairfax and I had a chat with a cab driver that took me to a "place where your give women your money" and we had a strong converstation on this subject. He kept telling us it is just such an expensive process for them to refine the crude. It's like tainted or something!!!

Re: Did you know?

Don't forget about Shale oil.

Re: Did you know?

Quote:

Originally Posted by KenP

Don't forget about Shale oil.

Never! I have a portfolio in the Barrett Shale Project, so far great returns!

Re: Did you know?

Quote:

Originally Posted by RubHer Yellow Ducky

What stocks are heavily invested in Canadian Tar Sand EXTRACTION ???

Don't need any we have all the money we need!

We'z gonna own youz future rezervez!

:grouphug: :grouphug: :grouphug: