GREY:SDRYF - Post by User
Post by
multicoreon Jan 08, 2013 9:39pm
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Post# 20812974
USA Becoming Oil Independent.
USA Becoming Oil Independent. Although there is geo-political risk for a company doing business in Egypt perhaps even the most conservative North American oil and gas investor should perhaps allot a portion of their portfolio to companies like SDX. The reason is that according to the article at the link below the U.S. is going to be Oil independent in 2020 and pumping more oil than Saudi with an increase of 12% this year alone.
Will Oil companies in Canada miss satisfying the huge U.S. demand for oil? This is why Canadian investors should diversify their holdings by looking at Canadian energy companies like SDX who are drilling and selling into other markets of the world
Copy and paste the following link into a browser to see a story about American oil independenc.
https://www.cnbc.com/id/100364226