What’s the future of oil for North America? Do you know which country the U.S. gets more of its oil from than any other country? If you said Canada, you’d be right. The massive reserves of oil in Northern Alberta continues to get more press and attention with oil driving through record prices on a weekly basis. Even with the 2 day drop of $9 we’ve seen in oil prices this week, don’t expect this trend to continue. I expect we’ll be back in the $140’s before the end of this week. I’m a believer that oil prices, by and large, are being driven primarily by the supply and demand story, not by speculation. Consumer behaviour will have to change (caused by $7/gallon gasoline) before oil prices reteat in a significant way. Here’s the video in case you’re learning about why Alberta is ground zero for the potential future of oil in North America, and around the world. For the full story that ran on CNN, go here to see the full video. ]]>