Data points:
Production estimates (one London firm) for the Canadian oil sands:
- 1.7 million bopd in 2013
- 4.2 million bopd in 2025
Stock recommendations (for investors):
Tyler recommends Suncor Energy, the largest oil sands producer in Canada, and goes on to pitch ConocoPhillips, which has gone all-in with the Canadian oil sands. ConocoPhillips will spend a large portion of its 2013 capex there through joint ventures with Total.Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read at this site.
Foolish policy makers preventing keeping this from reaching this country as it should. The radical environmentalist have got our federal government stuck on stupid.
ReplyDeleteKFYR TV news and video story about oil going out of North Dakota by rail.
A comment in the story:
BNSF started exporting crude oil from western North Dakota in 2008. It started carrying 1.3 million barrels a day. Within four years, its export volume jumped to 100 million barrels a day.
Make sense out of that. I think their reporters need to do some continuing education.
http://www.kfyrtv.com/News_Stories.asp?news=62279
I knew BNSF was big, had a lot of track and a lot of railcars, but this seems a bit over the top. Smile.
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