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Politics : Foreign Affairs Discussion Group

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To: Ilaine who wrote (50883)	10/10/2002 2:13:04 PM
From: Alastair McIntosh	Read Replies (2) of 281500

Re: On the oil argument, keep in mind that not just the US but Japan and Europe, our major trading partners, need Middle Eastern oil. Don't forget Canuckistan. The AEUB has calculated that 177 billion barrels of Alberta’s 1.6 trillion barrels of bitumen in place are recoverable using existing technology. The total includes 7 billion barrels of bitumen reserves that have been booked through producing leases. As new technologies are developed, the AEUB believes that up to 315 billion barrels are ultimately recoverable, compared with Saudi Arabia’s 262 billion barrels of proven reserves, U.S. reserves of 22 billion barrels and Mexico’s 28 billion barrels Smith said. petroleumnewsalaska.com

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