Currently there is probably no other great divide in opinions than the current state of oil and all it entails. (well maybe gold but that’s for another column)

I believe there’s not only two sides to this story but there is also a very legitimate concern for the two-sided sword that can be wielded – by both sides. And again, in my opinion, both have very valid reasons for optimism as well as concern. I don’t believe they are mutually exclusive.

Today we have what many would call an oil boon in not only the U.S. but Canada as well. Together the current debate falls along two fronts. First: Is there really as much there as they believe there is? And second: If so can it be extracted at a price bearable to both producers as well as consumers?

There seems a real split right down the middle and both sides make very good arguments. Who’s right and who’s wrong is yet to be seen. However, what does not need to be borne out any longer is the fact that the OPEC cartel believes there’s a real cause for concern. And that is a very positive byproduct to come forth from this whole debate. (more…)