NC Media Watch

A quest for reason and accuracy in letters to the editor, guest editorials and other issues of interest to the citizens of Western Nevada County.

Friday, October 28, 2005

Peak Oil Update: Canada has more oil than Saudi Arabia

Oil sands in a single Venezuelan deposit contain an estimated 1.8 trillion barrels of petroleum, with 1.7 trillion in a single Canadian deposit. In all, about 70 countries (including the U.S.), have oil sand deposits although technology hasn't yet made them economical for exploitation. Of Canada's reserves alone, over 300 billion barrels (more than the entire proved oil reserves of Saudi Arabia) is currently considered recoverable. And recovering it they are.

Full story here.

Click here for a private e-mail comment. For public comment select comments below.

0 Comments:

Post a Comment

<< Home