Crude Oil Investing
Profiting from crude oil is big news. But crude oil hasn’t always been the center of attention. Americans used to take cheap oil for granted. Did you know that there are over 3,000 products made from crude oil including: gasoline, ink, crayons, bubble gum, dishwashing liquids, deodorant, eyeglasses, records, tires, ammonia, and heart valves.
All crude oil is not the same. Crude oil is called "sweet" when it contains only a small amount of sulphur and "sour" if it contains a lot of sulphur.
World crude oil reserves are estimated at more than one trillion barrels. The Members of OPEC currently produce around 28 million barrels per day of oil, or some 40 per cent of the world total output, which stands at about 86 million barrels per day.
The trouble is, all the inexpensive oil has already been found. What remains is hard-to-get, expensive oil - most of it in unstable nations. In order to make it worthwhile for oil companies to invest the capital necessary to get at the remaining oil, prices need to rise. This is how capitalism works.
Crude Oil Investing Articles on Smart Profits Report:
Crude Oil Prices: Here’s What An Industry Insider Says Is Next For The Runaway Oil Market
Renewable Energy Resources: How To Profit From Rising Oil Prices & A New Boom In Renewable Fuels
Crude Oil Prices Per Barrel: Former Market Maker Reveals Where Oil Prices May Be Headed
The Price of Oil: Smart Profits Report Oil Forum
Gasoline Prices: How To Win Big In The "Ethanol Decade"
The Future of Crude Oil Prices: How a New Saudi Development is Bearish for Oil Prices
Profiting From Crude Oil: In the Age of "Perpetual Shock"
Crude Oil Trading: A Red Flag for Oil Bears as Technicals Point to a Rebound
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