Wednesday, April 30, 2008
Oil - it's time for some new friends
I've always been fond of Brazil, Columbia, and Peru.
How about you?...
How about you?...
This is from an article in Investors Business Daily:
"High oil prices and tight supply create incentives to seek out new sources. Enter Brazil, Colombia and Peru, none of which were big players a few years ago. New technology to extract oil and natural gas from previously impossible sea depths or siphon it from laced rock formations brings those countries to the fore.
But the most pivotal factor in why oil's future is south is that most of these new players have the political will to drill, something not seen in oil-producing nations dominated by green sensibilities, as the U.S. is, or by petrotyrants in Venezuela, Russia and Iran."
