Oil Can Economics
Canadian Oil Production UP 12% Y/Y at Dec 2013 - 3,822,000 Barrels per day
U.S. Production (2x Canada) UP 13% Y/Y at Jan 2014 - 7,939,000 Barrels per day
The image of enthusiasm for tangible asset speculation rippled through the twitter-sphere this week with a chart showing the well known disparity between Canadian and U.S. housing prices. As noted in the Oil Production chart, there is more than just housing cost disparity between the U.S. and Canada. Sunshine and employment opportunities are still a very large part of the Canadian emigration drive south. More at www.chpc.biz
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