StockGuru Blog: Lexington Energy Services, Inc. (OTCBB: LXES) – U.S. Congressional Joint Economic Committee Studies Impact of Oil Sands on U.S.
LXES — Lexington Energy Services, Inc. Stock Guru LXES Profile This past June the United States Joint Economic Committee published thier finding on the Oil Sands of Canada in a Study. In this study the Committee noted the development of the oil sands will undermine the OPEC oil cartel in coming years. Lexington Energy Services finds itself supplying the cutting edge technology that makes exploration and production from the oil sands of Western Canada commercially feasible. The Committee concluded strong economic incentives would exist, even with oil prices at half the current level, to ramp up oil sands production and…