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To: Andrei Bulba
50 years of oil? Are you kidding? Check out some estimates of oil reserves. These are not all recoverable with present technology, but they will be some day.

Saudi Arabia 250 Billion Barrels
Canada 3 Trillion Barrels (mostly oil sands)

Canada has 12 times more oil deposits than Saudi Arabia. More like a few centuries supply than a few decades. There will be pipelines built to carry this oil south, west to the Pacific, and perhaps even east to Hudson Bay. The only question is when and which ones come first.

13 posted on 02/01/2013 6:55:28 AM PST by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: Former Proud Canadian
50 years of oil? Are you kidding? Check out some estimates of oil reserves. These are not all recoverable with present technology, but they will be some day.

And the new discovery in CA...another Monterey shale play running from San Jose to south of LA with an estimated 50 billion barrels of recoverable oil.

And the biggie...Green River Formation that weighs in at 3 TRILLION barrels of oil with 1 Trillion recoverable with todays technology.

30 posted on 02/02/2013 11:08:55 PM PST by spokeshave (The only people better off today than 4 years ago are the Prisoners at Guantanamo.)
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