2007-11-14 06:28:34 · 5 answers · asked by Hugo B 2 in Science & Mathematics ➔ Earth Sciences & Geology
Canada's proven oil reserves were estimated at 179.2 gigabarrels (billion barrels) as of January 2007, placing it second only to Saudi Arabia.
2007-11-14 06:37:35 · answer #1 · answered by credo quia est absurdum 7 · 0⤊ 0⤋
The world's total declared reserves are 1317.4 billion barrels as of early this year, but this number is highly suspect -- it could be twice that or half that.
There is also oil that is not recoverable with current technology e.g. in the deep oceans. Further there is oil in forms that is expensive to recover e.g. the Alberta oil sands. As the price goes up it becomes economically viable. Finally there is the idea of oil from coal. It is dirty and expensive at present, though it is possible that new technologies will change that.
But, if we burn all this stuff, we'll have a far worse problem with global warming than we do now.
2007-11-14 14:54:46 · answer #2 · answered by Sandy G 6 · 0⤊ 1⤋
No one can tell you since no one knows how much oil there is. There is a number of years someone could probably quote of how long the currently KNOWN deposits of oil will last (based on current and/or projected usage) but since only a fraction of the oil that is undoubetedly in the earth's crust has been discovered, no one can give a realistic answer to that question.
2007-11-14 14:37:52 · answer #3 · answered by theseeker4 5 · 0⤊ 0⤋
Billions and Billions ( of barrels )
-Carl Sagan
The REAL secret: WE have lots of COAL reserves in the US.
You can even turn it into PETROLEUM......The Germans did in WWII...
That is the REAL secret the government wants to keep...
2007-11-14 14:39:35 · answer #4 · answered by Anonymous · 0⤊ 1⤋
DEPENDS ON WHOSE LIE YOU BELIEVE BUT SOMEWHERE BETWEEN 50 AND 150 YEARS WORTH.
2007-11-14 14:32:18 · answer #5 · answered by Loren S 7 · 0⤊ 0⤋