Abstracts
Summary
Estimates of Canada's future reserves of conventional oil and gas made by the Department of Energy, Mines and Resources and the Canadian Society of Petroleum Geologists are largely estimates of "potential" reserves, i.e., reserves based on expected production from "frontier areas". These estimates are far too optimistic, and are not supported by a comparison of Canada's "frontier areas" with other large sedimentary basins in the world. Canada's capacity to depend upon domestic oil supplies wilt probably be at an end within 10 years unless the tar sands are exploited, and there are major objections to the very rapid development of the tar sands that would be necessary.
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