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Making Oil from Dirt [9/16/2009]

Posted on Wednesday, September 16th, 2009 | In Investing Lessons, Market Commentary
Contributed by: Frank Holmes (http://www.usfunds.com/franktalk) -

We’ve all heard a lot about the Canadian oil sands and how a modern-day oil boom is taking place in the forests of northern Alberta.
This is oil that begins not with holes drilled deep underground, but rather as aromatic clay and sand clawed out of the ground by giant backhoes and hauled in huge dump trucks to nearby refineries….

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About Frank Holmes (http://www.usfunds.com/franktalk)
Frank Holmes is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.

The company’s no-load mutual funds include the Global Resources Fund (PSPFX), the World Precious Minerals Fund (UNWPX) and the Gold and Precious Metals Fund (USERX).

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