Spam Hater said "Your figures are just a bit off, in fact you seem to be about 20 years
You may want to check out this link Spam Hater:
Fortunately I bookmarked this site when I came across it a couple of years ago. The information is admittedly 5 years old (not 20!) but you will note therein that "Saudi Arabia contains an estimated 260 billion barrels of oil, or about one-fourth of proved global reserves (Radler, 2000). " while Canada had an estimated 4 billion barrels of oil or 0.4% of world reserves.
Spam Hater also said : " Canada's Alberta oil sands alone equal Saudi Arabia's reserves at only a 10% recovery,".
In this regard, you may wish to check this link Spam Hater:
This report was posted in October of 2005 but please note that it has 2 very significant qualifications: 1. " BP p.l.c., BP Statistical Review of World Energy June 2005, except United States.
2. " Proved reserves are estimated quanbreasties that analysis of geologic and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions."
The 1st qualification appears to imply that the figures shwoing for the U.S. are incomplete. The 2nd qualification merely defines "Proved Reserves".
You will note that this report very clearly shows that Saudi Arabia has substantially more reserves than Canada, no matter whose figures you use.
The BP Statistical Review shows Canada with reserves of 16.8 Billion barrels VS. 262.7 Billion barrels for Saudia Arabia.
The Oil & Gas Journal shows Canada with reserves of 178.8 Billion barrels VS. 261.9 Billion barrels for Saudia Arabia. As explained in Footnote 3. : " Oil & Gas Journal's oil reserve estimate for Canada includes 4.3 billion barrels of conventional crude oil and condensate reserves and 174.5 billion barrels of oil sands reserves."
The World Oil Organization shows Canada with reserves of 4.7 Billion barrels Vs. 262.1 Billion barrels for Saudi Arabia.
This information would appear to be at odds with your information Spam Hater and particularly your claim that "Canada's Alberta oil sands alone equal Saudi Arabia's reserves at only a 10% recovery." Would you be so kind as to provide us with links that might shed some light on the accuracy of your figures. Thanks S.H.
