From: "Jones Beene"
Isn't it ironic that Canada, which has so much potential oil (tar
sands) and so little sun - has become a dynamic leader in this
pursuit?
yes and it appears the rush to alternative energy and talk of peak oil have
scared someone
"Oil reserves are double previous estimates, says Saudi
By Saeed Shah
Published: 28 September 2005
Saudi Arabia, the biggest oil producer, and Exxon Mobil, the largest oil
company, yesterday declared that the world had decades' worth of oil to
come, in an attempt to calm fears about the record prices experienced in
recent weeks.
Forming a powerful alliance, the Saudi oil minister Ali al-Naimi said, at an
industry conference in Johannesburg, that the country would soon almost
double its "proven" reserve base, while Exxon's president, Rex Tillerson,
spoke of 3 trillion or more barrels of oil that are yet to be recovered."
continued at
http://news.independent.co.uk/business/news/article315546.ece
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-alex
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