Prescott, AZ ( TheStreet) -- Reducing reliance on oil imports has become an increasingly important priority for both Democrats and Republicans and will no doubt come into focus as the 2012 election season heats up. This brings attention to the oil sands in Western Canada. As a note, many seem to treat oil from Canada as an exception to oil imports due to proximity and the relationship between the two countries.This relationship paves the way for the new Sustainable North American Oil Sands ETF (SNDS) to thrive. Investors have become increasingly aware of oil sands in the last five years or so, as oil has gone up in price. Extracting oil through this process is relatively expensive, but makes economic sense with higher oil prices. If oil stays high or continues higher in price, then pure-play oil sands stocks should do very well.
New ETF Targets Canadian Oil Sands
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