[RckyRaCoCo]

Oil Reserves

Saudi Arabia 261.7 billion bbl (2004 est.)
Canada 178.9 billion bbl including shale oil (2004 est.)
Iran 130.8 billion bbl (2004 est.)
Iraq 112.5 billion bbl (2004 est.)
UAE 97.8 billion bbl (2004 est.)
Kuwait 96.5 billion bbl (2004 est.)
Venezuela 78 billion bbl (2004 est.)
Russia 69 billion bbl (2003 est.)

USA 22.45 billion bbl (1 January 2002)

[eddiemunster]

So much for John Kerry's assertion that Bush made a deal with a Saudi Prince to depress oil prices for better poll numbers before the election. BTW-the price to extract oil hasn't changed much over the last 5 years. Oil companies, drillers and traders are wetting their pants over this fact. No use in bitching-oil and driller stocks have been a great refuge the last 2 years. One man's misfortune is another's opportunity...

[M. Espinola]

Thanks for posting that very interesting data. We need to look northward since Canada is right behind Saudi Arabia in reserves.

Canada's Energy Markets

# Most of Québec’s crude oil is imported.

# The new Galt Field in the Gaspé Peninsula has been producing natural gas since January 2002.

Map & Graph: Energy: Oil consumption -Nation by Nation