Sunday, March 30, 2008 12:04:05 PM
The Canadian oil sands which many believe contain the second largest known reserve of oil in the world after Saudi Araiba. The reserves contain an estimated 175 billion barrels trapped in a complex mixture of sand water and clay. According to some estimates,the oil sand deposits in northern Alberta could contain 1.7 to 2.5 trillion barrels of oil, more than all the presently known reserves of the Middle East.Alberta's oil sands deposits were described by Time Magazines as "Canada's greatest buried energy treasure."One that could satisfy the world's demande for petroluem for the next century".
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