Mexico to deliver its last barrel off oil in 6 yrsGot this from an article on gold...but, it certainly lets us know what's going to happen for the pace of development, that will be needed in the Canadian oil sands, both Alberta and Saskatchewan ... to make up the difference.
US reliance on Canadian oil it expected to increase 30% from present levels even though over all demand in the US is expect to drop 2 million barrels a day over the next 4 -6 years. (Maybe yes - Maybe no).
"In just the last few weeks, we have heard from the Saudis that they won’t be increasing oil production from current levels (according to many credible analysts, it is because they cannot)… and from the Russians that they may have hit peak oil production… and that Mexico, the third largest oil exporter to the U.S., will export its last barrel to the U.S. in just 6 years." taken from ...
Invest in gold stocks to outpace the metal’s gain on the upside.
Doug Casey,
4/25/2008 9:53:42 AM | Casey Research
I have posted this about Mexico before...but I hope people are starting to think about the impact to Canada this will have.
I see BQI at 7.50... by this Fall...maybe sooner! Also I'd be buying some Gold stocks!
Cheers