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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DavesM who wrote (447391)8/25/2003 11:41:44 AM
From: tejek  Respond to of 769667
 
re:"There is not a break out for Saudi Arabia or Iraq so its not clear if Canada is now second in the world as you claim."

Here's a breakout of Countries and their petroleum reserves. Notice, that Saudi Arabia has est. reserves of 261 billion barrels, Canada - 180 billion barrels, and Iraq has 112.5 billion barrels.

eia.doe.gov

Thanks very much. Your point is made. Iraq is third in energy reserves.

The EIA is an excellent source of data. I use it to help me invest in energy stocks. Thanks again for the link.



To: DavesM who wrote (447391)8/25/2003 12:18:42 PM
From: cnyndwllr  Read Replies (1) | Respond to of 769667
 
DavesM, it is all academic. The crude oil in Iraq costs about two dollars a barrel to pump, is light, sweet and and accessible. Oil people say "all you have to do is put a straw in the ground." That's an exaggeration, of course, but not much of one. The Canadian oil may be there but it's not in the same league in terms of accessibility, quality, and strategic and economic value.


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