Oil Glut things...IEA report coming out Tues.https://www.bloomberg.com/news/articles/2015-11-07/kuwait-sees-oil-glut-of-up-to-five-years-on-increasing-supply
--With NDP in Alberta and liberals as Federal, I think Alberta is in the beggining of the end of the oil boom. Even in 5 years, technology will be even better with efficiencies that we'll need even less oil and extracting the oil will be cheaper making for a constant oversupply with shrinking demand. You don't think the Chinese and Indians want clean air over economic advancement?...well then you're clearly stuck in the 90's...
The world will depend on oil for decades to come. But 2015 may very well be remembered as the beginning of the end, with the rejection of Keystone and the investigation of Exxon as key markers on the timeline. Here’s a chart of oil forecasts from the International Energy Agency since 1994, from a Bloomberg New Energy Finance keynote presentation this week in Shanghai. Forecasts have been dropping, and the transformation of oil markets may be coming sooner than we think.
