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Oil and Energy Investing: Who has the oil?

Posted January 2, 2008

 

"You wonder why the U.S. puts so much time and energy into the Middle East? This is why." — Christian DeHaemer, Crisis Trader

Blogger's note: We found an interesting map and a few good comments from our friend Christian DeHaemer in a recent Taipan Publishing Group Chart of the Day. And I thought you would find it elucidating. You can visit the Chart of the Day on the Taipan Group Web site or read on for more information. 

by Christian DeHaemer 

Baltimore —(TFN):

Who Has The Oil?

 

This map puts geopolitics into perspective. 

You wonder why the U.S. puts so much time and energy into the Middle East? This is why. 

This map is a couple years old.  Since 2004, Brazil has discovered a large oil field off shore and, due to its intensive use of sugarcane for biofuel, it is now a net exporter of crude oil.  There is even talk that the country will join OPEC.

In the past five years, PetroBrazil has climbed from $6 per share to $104 per share — a gain of 1,633%.  The Red Zone banked 185% in two months from part of this run back in October.

More recently, a maritime dispute was resolved by the U.N. off the coast of South America, which opened up what is believed to be the second-largest under-explored oil field on earth.  If you have a minute, you might like to read about it.

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Posted by Christian DeHaemer · Filed Under Oil and Energy 

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