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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: t4texas who wrote (165974)3/21/2012 3:13:58 PM
From: elmatador2 Recommendations  Read Replies (1) | Respond to of 206110
 
Just keep reading. We may conclude that huge economic growth will increase demand of oil by the emerging markets as their pattern of consumption goes Canadian.

As a result, the will be many more countries competing for the amount of oil on the market.

This is very important for importing countries because before they did not have that competition, or at least not to the scale that is coming.

It also explain why the US -the biggest importer- is trying to produce all possible oil they can get internally.