They Own All the Oil, So What Will the Petro-Princes Buy Next? (Part 1 of 2) How About Potash Firms?
Submitted by EnergyTechStocks.com
National oil companies (NOCs) concentrated in the Middle East own more than 80% of the world’s known remaining oil reserves. In short, they’ve cornered the market. And yet, this year alone, they will rake in another $1 trillion from their oil exports, according to the U.S. Energy Information Administration (EIA). Even with pressing domestic needs (food, water, electricity) these countries and their sovereign wealth funds keep piling up billions upon billions of investible dollars. Where’s all that money going to go?
How about potash?
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