Peak Oil is You

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Page added on March 30, 2007

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In Oil We Trust

For the past two weeks, I’ve bombarded you with the gloom of oil’s future. I apologize for the doomsday antics, but its hard not to be gloomy about Middle Eastern oil.

The good news is that you can still find safe oil investments.

…The U.S. has called for Canadian imports from oil sands to rise from one to five million barrels of oil per day. The increase is supposed to occur over the next few years. And that fivefold boost will satisfy one quarter of our twenty-million-barrel-a-day addiction to oil.

In the face of declining oil fields, exploding geopolitical tensions and the growing U.S. will to kick the Middle Eastern oil habit, is it even a surprise we’re looking to Canada for relief?

Energy and Capital

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