Friday, February 10, 2006

The world's energy reserves: Where the buffalo roam...

On February 10, 2006, Dr. Wenran Jiang was interviewed by the Independence Online Edition on China's commercial interests in Canada's oil sands sector.

The province of Alberta in Canada's west is sitting on the world's second largest oil reserves. Its vast fields cover 149,000 square kilometres, an area larger than England, and experts estimate it holds 1.7 trillion barrels of oil. A mere sliver, 10 per cent, is recoverable at today's oil prices, but that is enough to make Canada's viable supply second only to that of Saudi Arabia.

"Some Americans think one more barrel to China means one less barrel to America," said Professor Jiang. "China's investment is still a cautious one as they watch and see if the oil sands are viable and profitable."

Click here to read the article.

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