Cheap Oil in the United States?
May 17th 2012 3:07PM
Updated May 17th 2012 3:08PM
The following video is part of our "Motley Fool Conversations" series, in which energy editor/analyst Joel South and technology editor/analyst Brenton Flynn discuss topics around the investing world.
In today's edition, Joel is talks about an immense source of oil being produced in Canada that sells at a substantial discount to the already price-leading West Texas Intermediate. It's called Western Canadian Select, and it has the potential to flood the United States with cheap oil -- but before that can happen, a number of issues need to be addressed. This video discusses some current problems and potential solutions WCS will face on its pursuit of becoming a major benchmark and talks about the many ways to profit from the vast oil reserves in Canada.
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At the time this article was published Brenton Flynn and Joel South have no positions in the stocks mentioned above. The Motley Fool owns shares of Berkshire Hathaway. Motley Fool newsletter services recommendBerkshire Hathaway and TransCanada. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insightsmakes us better investors. The Motley Fool has a disclosure policy.
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