Three Sunday Thoughts
Oil, Alberta, and events in Venezuela and Iran
Many people, assuming events in Venezuela and Iran end well for the people there, think that the presence of enormous and easily accessible oil reserves in those two countries bodes ill for Alberta's ability to sell its hydrocarbons on world markets. They're wrong - badly wrong.
First, it will take over a year before governments in those two countries achieve the stability needed before the risk associated with investing in either country falls to the level needed for private sector resource commitment.
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