""While not a proven oil reserve, it is estimated that the Athabasca Tar Sands field contains as much as one third of the world's total oil deposits, with a similiar amount in the Venezuelan Orinoco tar sands field. Current production at the Athabasca site yields 120,000 barrels of oil per day with an increase to 280,000 by 2010 at a cost of $4,000,000,000 expected. Athabasca oil production is currently just a fraction of the 82,000,000 barrels of oil produced daily around the world.
According to the Alberta Energy and Utilities Board, the Athabasca tar sands is the largest oil deposit in the world, with an estimated 1.6 trillion barrels (254 km³) of oil, of which at most 315 billion barrels are considered recoverable by the oil companies given current technology. Syncrude (
http://www.syncrude.com/who_we_are/01_06.html), one of the oil companies involved in mining the tar sands, states that the entire tar sand deposit is twice the size of Lake Ontario. It is estimated the Venezuelan Orinoco tar sands deposit is slightly larger than Athabasca (see tar sands article).
The Athabasca Tar Sands field is primarily located in and around Fort McMurray, an area that has only recently been heavily explored""
from
http://en.wikipedia.org/wiki/Athabasca_Tar_SandsBut with US demand at around 25% of the world's daily demand of 82,000,000 barrels per day, or over 20 million barrels per day (
http://www.gravmag.com/oil.html ) and with India and China wanting more, the Canadian source is simply a drop in the bucket.
So, I guess we're going to end up at war with the Canadians ?
Look into methane hydrates from the Artic and you see another source that is HUGE for natural gas (CH4 methane).
""The Methane Ice reserves are very large and accessible. If we could simply put a pieline down into this ice, we may be able to pump it up to the nearest shore and create important new areas of coastal development far greater than previous civilizations. Energy this cheap could allow us to desalinize sea water and power all of our civilization. This development could be very remarkable in undeveloped arid coastal areas such as Baja California and the west coast of South America, which are very near the Continental Slope. Desalinized sea water is the key to development in these areas. Cheap clean electricity and fuel would revolutionize the whole world. Agriculture could also be greatly expanded and world hunger virtually eliminated. Peace through world prosperity and the equality of this resource could liberate billions of people. Precious fossil fuels would then primarily be a source of valuable petrochemicals instead of just being burned. Life on this planet would expand rapidly, and all sorts of great new projects could create a new Garden Of Eden.
Current US Reserves of Methane are on the order of 1,500 Trillion Cubic Feet. Current Estimates of Methane Hydrates are on the order of 1 to 2 Million Trillion Cubic Feet! ref. USGS. This will give you a indication of the magnitude of this discovery and the potential changes to come""
from
http://www.utopiasprings.com/methane.htmalso see US government reports at
http://www.netl.doe.gov/scngo/Natural%20Gas/Hydrates/about-hydrates/arctic-regions.htm