Not sure if you are aware of this but there is a massive water shortage in the world. And there is a massive over supply of oil. I bet that spread widens a lot more.
Think oil in the $20s is bad? In Canada they’d be happy to sell it for $10. Canadian oil sands producers are feeling pain as bitumen – the thick, sticky substance at the center of the heated debate over TransCanada’s Keystone XL pipeline – hit a low of $8.35 on Tuesday, down from as much as $80 less than two years ago.
