Brian Hunt finds contrasting fortunes at America’s borders. Oil production in Mexico is tumbling, setting off alarm bells over economic growth and government revenues. At the same time, Canada ramps up output of the black stuff at the world’s largest safe deposit. Brian says the world will need to invest billions in new oil exploration in the coming years. In the meantime, he sees Canadian oil as a safe investment bet.

In yesterday’s column, we heard the market’s wildly bullish opinion of the oil services sector. The all-time highs in those who drill, pump, and transport tell us that billions of dollars are flowing into oil service order books.