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I'm sorry, but your data is incorrect. It was true at one point that
has long since past, which is why energy companies are currently
extracting it and more importantly investing tons of money to increase
production. Oddly, as the price of oil has risen, so has bitmen
extraction technologies. Almost exactly as economists have predicted.<br>
<br>
--Chris<br>
<br>
Dan Borne wrote:
<blockquote
cite="mid:db8d5dba0805142100q5bc70064m980781223565a1d8@mail.gmail.com"
type="cite">But those are including the oil sands; more BTUs worth of
natural gas are used to extract the petroleum than the BTU value of the
petrol itself. <br>
<br>
<div class="gmail_quote">2008/5/14 Christopher Smith <<a
moz-do-not-send="true" href="mailto:cbsmith@gmail.com">cbsmith@gmail.com</a>>:<br>
<blockquote class="gmail_quote"
style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">
<div bgcolor="#ffffff" text="#000000">
Sadly, like most things about oil, we tend to be fairly misinformed.<br>
<br>
<a moz-do-not-send="true"
href="http://en.wikipedia.org/wiki/Oil_reserves#Canada" target="_blank">http://en.wikipedia.org/wiki/Oil_reserves#Canada</a><br>
<br>
Actually, Canada is #2 now that oil prices are so high, and that's NOT
including suspected massive reserves in the Arctic. Furthermore, there
is a fair bit of evidence that most OPEC nations overstate their
reserves in order to have a larger share of quotas, so it is possible
Canada is already #1 in terms of "real" reserves.<br>
<br>
--Chris
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<div class="Wj3C7c"><br>
<br>
Dan Borne wrote:
<blockquote type="cite">Canada does not have as large petrol or gas
reserves as
the US, Russia, Saudia Arabia and some others.<br>
<br>
Sorry, I do not understand your connexion. <br>
<br>
<div class="gmail_quote">2008/5/14 Christopher Smith <<a
moz-do-not-send="true" href="mailto:x@xman.org" target="_blank">x@xman.org</a>>:<br>
<blockquote class="gmail_quote"
style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">Yeah,
just like it was during our last energy crisis. :-)<br>
<br>
As the price of petrochemicals goes up, so do the options for oil and
gas producers. If the prices get much higher, Canada may become the
richest source of oil reserves in the world within a few years. Not to
mention that wind power starts to become a really nice alternative to
coal/gas/oil, reducing our need to consume it for power generation.<br>
<br>
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