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  • Canadian Royalty Trusts Will Never Return to Their Former Glory [View article]
    Here are some numbers of interest for those who think Canadian oil is going away

    Top suppliers of oil to the US
    Crude oil imports (thousands of barrels per day) August 2006-August 2007
    Canada 1853
    Mexico 1448
    Saudi Arabia 1427
    Venezuela 1120
    Nigeria 1025
    Angola 524
    Algeria 509
    Iraq 481
    Nov 24 16:48 pm |Rating: +3 -1 |Link to Comment
  • Canadian Royalty Trusts Will Never Return to Their Former Glory [View article]
    You went to a lot of trouble to prove a point based on $60 oil. The selling by hedge funds have driven oil down far further than any demand has. If you think that the oil producing nations will stand for this you should rethink. Oil will soar by theend of the year when all of the new money hits the streets.

    The mexican oil field is drying up and they are a major supplier to the US. In 5-6 years they will be an oil importer. The dollar will depreciate against oil and gold and the Canadian dollar will rise in value.

    These canroys are extremely valuable to the US in the near term from the Mexican decline alone.
    Nov 24 09:02 am |Rating: +3 -1 |Link to Comment
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