12-20-2013 Newshound Guru Doc

12-20-2013   Newshound Guru Doc   There was a very interesting news release from Mexico.  They announced liberalization of their oil industry.  This means they are inviting private equity to come in to modernize their production.  This is a similar strategy we are seeing in Iraq.  One expert predicts that by 2017 North America will be the second largest oil producer globally.  Saudi will be the only country with higher production.  The industry experts went on to say North America's dependence on ME oil will be drastically reduced and they see oil below $80 by 2017.  [post 1 of 2....stay tuned]