Canada's vast oil sands hold promise
"Any serious effort to ease America's addiction to Middle East oil starts near this Alberta boomtown cut out of Canada's great boreal forest.
By conservative estimates, the underground deposits around Fort McMurray hold 1.6 trillion ? with a "t" ? barrels of oil, making them the largest lode of hydrocarbons on Earth. Up to 330 billion barrels of the crude here in Canada's oil sands region are recoverable, geologists say. Saudi Arabia, by contrast, possesses 262 billion barrels of proven reserves.
With oil prices bounding to nearly $50 a barrel this summer, both the Bush and Kerry campaigns have been talking up the Canadian option. Both extol a U.S. energy policy that draws more supply from friendly, familiar Canada and less from the volatile Middle East."
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