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Their Oil is 'tarsands' type Oil and it's the most difficult to produce and requires a lot of processing = massive investment that few are willing to make becau
by sonnyblarney 8y ago
Their Oil is 'tarsands' type Oil and it's the most difficult to produce and requires a lot of processing = massive investment that few are willing to make because a) market volatility and b) government volatility.
It's funny because 'stability and predictability' alone would yield them the kind of business climate and interest rates they would need to attract investment and they'd be much richer as a result.
- meiraleal 8y ago> It's funny because 'stability and predictability' alone would yield them the kind of business climate and interest rates they would need to attract investment and they'd be much richer as a result. Mexico, Brazil, Argentina and Colombia proves that your point is not right.
- antidesitter 8y ago> Mexico, Brazil, Argentina and Colombia proves that your point is not right. How so?
- sonnyblarney 8y agoNone of those countries have stable politics and economies, and certainly none of them have vast amounts of Oil Sands that require investment. If they were like Japan, or Germany, or Sweden - they would get tons of investment. Canada is the 'other country' that has vast Oil Sands and we get billions invested to extract it. The volatility is only in the market demand side, not the geopolitics side.