I heard somewhere (sorry no cite) that Canada (province of Alberta) has the second greatest amount of oil, next to Saudi Arabia.
Why aren’t we drilling like there’s no tomorrow?
The Athabasca Tar Sands are estimated to contain roughly 30% of the world’s oil. It’s not possible to turn this into regular gasoline (at least economically), but folks are trying as we speak.
Oh, you don’t drill for this stuff, just dump it into big trucks.
Sort of like all of the oil that’s locked in the shale in the Rockies. Nice to know it’s there but getting it out economically is problematic at this stage of the game.
Oil in place and recoverability are two different birds altogether. Not to mention the fact that thick, tarry oil in friable sand blows your recovery costs to heck and back.