Saudi Arabia is shifting its focus to mend its oil-glut woes. The country and its neighbors stand to save as much as $87 billion if they achieve goals in this particular sector.
And there's an opportunity to profit as these countries work to do so.
By Money Morning Staff Reports, Money Morning -
Saudi Arabia is shifting its focus to mend its oil-glut woes. The country and its neighbors stand to save as much as $87 billion if they achieve goals in this particular sector.
And there's an opportunity to profit as these countries work to do so.
Here's more on how to invest in Saudi Arabia - and the world's - new energy focus...
By Money Morning Staff Reports, Money Morning -
Saudi Arabia is shifting its focus to mend its oil-glut woes. The country and its neighbors stand to save as much as $87 billion if they achieve goals in this particular sector.
And there's an opportunity to profit as these countries work to do so.
Here's more on how to invest in Saudi Arabia - and the world's - new energy focus...
By Peter Krauth, Resource Specialist, Money Morning -
Canada's energy industry may be most famous for its world-class oil sands resources. But a new shale oil field could surpass the oil sands as Canada's largest untapped oil reserve.
In fact, it could even rival the massive Bakken shale of North Dakota in terms of recoverable oil.
This area lies north of British Columbia and east of the Yukon. It's the Northwest Territories.
Recent data from Canada's National Energy Board (NEB) and the Northwest Territories Geological Survey shows that this area holds as much as 200 billion barrels of shale oil reserves. That compares to U.S. Geological Survey estimates that the Bakken shale formation will yield up to 7.4 billion barrels.
Not all of this Canadian oil is necessarily recoverable. But the Canol and Bluefish shales contain a total approaching 7 billion barrels of economically viable resources.
Here's a look at the vast potential of Canada's Northwest Territories...
By Peter Krauth, Resource Specialist, Money Morning -
If you've been eyeing a new gas-guzzling SUV as your next vehicle, you may want to reconsider that Prius once more.
That's because today's low gas prices won't be around forever and oil prices aren't about to "tank" any time soon.
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
Oil prices are inching forward again and there's an inevitable consequence building that will help them climb even higher.
It's called the "reserve crunch" In fact, just 300 million barrels of new reserves have been replaced... out of 1.2 billion. Hence the word "crunch."
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
For many years, industry experts have been sounding the alarm that America, and the world, are about to run out of oil.
Every expert who's predicted "the end of oil" has been wrong in the past. But with global energy consumption at an all-time high, and much of the world's economy dependent on oil, the question is: Are we running out of oil?
Here's everything you need to know about today's oil market...
By Diane Alter, Contributing Writer, Money Morning -
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
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