October 6th, 2009 
Money maker
The price of crude oil was higher Tuesday on a weak dollar, which declined on reports that some oil producing countries are looking to remove the dollar as the currency used in oil trades, as well as on gains in equities markets. November contracts for West Texas Intermediate crude added 47 cents to $70.88 per barrel
October 6th, 2009 Money maker Don’t Build Your Portfolio on Oil Sands by Tony Daltorio, Investment U Research The first barrel of oil processed from the heavy, tar-like sands of northern Alberta, Canada, shipped in 1967. Since then, exploration projects have identified enough of the stuff – also known as bitumen – that only Saudi Arabia is able to top Canada’s 178 billion barrels of proven oil reserves. Among the companies to profit from the discoveries so far… Exxon Mobil (NYSE: XOM ), through its Canadian subsidiary, Imperial Oil (NYSE: IMO ).
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