| The demand for world oil is increasing while world | | | | crude rises and output from existing reserves decline. |
| reserves are decreasing. This is a known fact. The | | | | Oil sands output in Alberta may double to 2 million |
| current price of oil can certainly confirm this statement. | | | | barrels a day by 2013, according to a presentation by |
| Consensus also agrees that we will never see $25.00 | | | | Enbridge Inc. earlier this month. Oil sands are deposits |
| oil again. The logical conclusion to our above statement | | | | of bitumen - heavy oil that must be treated to convert |
| is oil stocks should be a good long term investment. | | | | it into crude oil for use in refineries to produce gasoline |
| However, the location of the oil companies' reserves | | | | and diesel fuels. The U.S. Energy Department revised |
| can affect their bottom line and valuation. | | | | its global oil resource estimates to include the oil sands |
| Some of the largest reserves in the world are found in | | | | 174 billion barrels of proven reserves that can be |
| Venezuela, Saudi Arabia, Russia and Canada. Political | | | | recovered using current technology. |
| unrest in Venezuela, unstable and unpredictable | | | | With demand for oil and other commodities from China |
| government in Russia and Osama Bin Laden targeting | | | | and India increasing due to their growing economies, |
| Saudi Arabia leave Canada, namely the Alberta Oil | | | | strong trading relationships are procuring with Canada - |
| Sands, as the largest, most reliable oil reserves in the | | | | a country with numerous resources, political stability |
| world. | | | | and neutral military views. |
| Companies like Exxon Mobil Corp., Royal Dutch/Shell | | | | Companies with reserves in the Alberta oil sands look |
| Group and Canadian Natural Resources Ltd. are | | | | like a great investment for the next decade |
| planning to spend billions during the next 10 years to | | | | There are many companies with reserves in the Oil |
| develop Alberta's unusual oil deposits as demand for | | | | Sands here are some with strong exposure. |