I can't be sure that will actually happen, but it does speak to the trend. A better piece of information for gaining perspective is that per capita use of oil in the U.S. is about 25 barrels per year. In China and India, per capita use is less than one barrel per year. The increased demand that would be generated by per capita use in China and India increasing to just 1.5 barrels would, in my opinion, push the price of oil higher and provide substantial benefit to Canada.
My analysis may turn out to be right or wrong, but I believe my forward view is more useful than what is offered in too many ETF reports now.
Please note that due to factors including low market capitalization and/or insufficient public float, we consider iShares Canada, iShares Sweden and iShares Belgium to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.
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