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Canada fact #23
Posted: Fri Apr 01, 2016 6:57 am
by fatman
Canada has the third largest oil reserves of any country in the world after Saudi Arabia and Venezuela.
Re: Canada fact #23
Posted: Fri Apr 01, 2016 11:58 am
by Pudfark
"Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way,
Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to be economically viable. Similarly, Venezuela's proven reserves jumped in the late 2000s when the heavy oil of the Orinoco was judged economic."

now Canada is losing more'n $15 a barrel.......
Re: Canada fact #23
Posted: Fri Apr 01, 2016 4:13 pm
by Reservoir_Dog
What's the price for a barrel of oil down in Tex-ass?
Anyone down there still have a job?
Re: Canada fact #23
Posted: Fri Apr 01, 2016 7:53 pm
by Pudfark
Reservoir_Dog wrote:What's the price for a barrel of oil down in Tex-ass?
Anyone down there still have a job?
Cheaper to get ours outta the ground.....
