The Latest News:
- Demand for Cheap Canadian oil is rising.
- “We now have the cheapest oil in the world, and simple economics says it will find a way to a market,” Colin Soares, CEO of High North Resources, said in a Financial Post article. “The light oil might go to the west coast via a new pipeline, or it might travel across Canada to the eastern Maritime provinces, but it will find a way—for both heavy and light oil.”
- Additionally, there is always U.S. demand for heavy oil.
- “The US will always want our heavy oil, as their refining complex is mostly heavy oil,” Soares added. “And our heavy oil trades at a discount to both Mexican and Venezuelan heavy oil.”
ALPS Alerian Energy Infrastructure ETF
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