Alberta is #2 rank for the world's biggest reserves by nation!!!
Believe it or not, in June 2006, the U.S. government released its annual International Energy Outlook, which ranked the world's biggest oil reserves by nation. Not surprisingly, four of the top five countries are in the Middle East. Saudi Arabia, Iran, Iraq and Kuwait rank first, third, fourth and fifth, respectively.
In the Number 2 spot? Canada.
Yes, Canada. While not yet a major oil producer, Canada is a potential oil powerhouse, thanks to the black gold contained in the oilsands of Alberta.
Alberta's oilsands deposits are the country's largest source of oil, with reserves estimated at between 1.7 trillion and 2.5 trillion barrels. With this enormous reserve, Canada accounts for 13 per cent of the world's total oil reserves.
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