Friday, January 13, 2006


Canada’s oil supply could top Saudi Arabia

`Alberta’s oilsands could become the single biggest contributor to the world’s supply within 10 years, says a report released Wednesday by CIBC World Markets. [..]

The study of 164 new oilfields and projects indicates oil markets “will become even tighter over the next three years” if global demand continues to grow at its current pace, said Jeff Rubin, Chief Economist at CIBC World Markets. [..]

Rubin suggested global conventional oil production peaked in 2004. New supply in 2007 is expected to grow by less than 1.5 million barrels per day and will fall to less than one million barrels per day in 2008, the report says.’

One Response to “Canada’s oil supply could top Saudi Arabia”

  1. Anonymous Says:

    In other news, CIA officials say that irrefutable evidence has come to light proving that Canada’s government has been supporting terrorist activity in the United States since the fall of the iron curtain.

    The Canadians, widely known to be communist sympathisers, have actively sought any means possible to aid them in their attempt to covertly destabilise the United States’.

    Canada has also been stockpiling weapons of mass destruction (WMD) since as early as 1837, and the fuckers keep winning The Stanley Cup.

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