Re: U.S. oil reserves
Posted: Mon 20 Jun 2011, 10:01:45
I checked the EROEI thing and it makes sense since producing low cost middle east fields are no longer enough for the world. That's why oil companies are trying to explore new drilling techniques especially for the oil sands, shale plays and deep horizontal offshore drilling. As long as oil barrel price is above $100( if a not a big energy revolution occurs this is the case most people in the industry approves), the unconventional oil fields become the conventional. However it is already mentioned that it quite hard to tell exact figures for these reserves.
Canada is trying to maximize its production, I read some resources that Canada can replace Saudi Arabia at 2030. Though these estimations are hard to prove. Canadians also think that they will triple oil production since then.
"New projects are being added every year and production is expected to increase from 1.31 million barrels per day in 2008 to 3 million barrels per day in 2018, keeping pace with demand and providing a sound economic basis for the future."
http://www.energy.gov.ab.ca/OurBusiness/oilsands.asp
"Using currently available technology and under the current economic conditions, there are 170.4 billion barrels of recoverable oil in the oil sands deposits of Northern Alberta."
http://www.energy.gov.ab.ca/OilSands/1715.asp
Canada is trying to maximize its production, I read some resources that Canada can replace Saudi Arabia at 2030. Though these estimations are hard to prove. Canadians also think that they will triple oil production since then.
"New projects are being added every year and production is expected to increase from 1.31 million barrels per day in 2008 to 3 million barrels per day in 2018, keeping pace with demand and providing a sound economic basis for the future."
http://www.energy.gov.ab.ca/OurBusiness/oilsands.asp
"Using currently available technology and under the current economic conditions, there are 170.4 billion barrels of recoverable oil in the oil sands deposits of Northern Alberta."
http://www.energy.gov.ab.ca/OilSands/1715.asp