Just who has the most oil reserves in the world. The whole of the American continent or the OPEC nations.?

I read somewhere that Canada has been processing newly found deposits reserves of 2.5 Trillion barrels in the Alberta Sands, which is eight times more than the OPEC countries put together.





Not to miss out on the untapted recerves of Calorado USA that has recently been found.





Why is the oil so costly on the world market to buy.





Who is making billions out of the consumers.





In 2004 the cost of production for Alberta Oil Sands was at $29.63 US and has a production cost of only $13.21 in 2007.





Some of the major Oil Companies missed the boat on this discovery and are now paying $60 per barrel of oil.





So if the actual production costs are that low for Canada. Why is the cost of oil so expensive to buy from the OPEC countries.





Let's face it they don't pay the same too their workers as in Western countries do they.Just who has the most oil reserves in the world. The whole of the American continent or the OPEC nations.?
Good question, i always thought the sands were too hard to harvestJust who has the most oil reserves in the world. The whole of the American continent or the OPEC nations.?
I am pretty sure OPEC got more oil than US+Canada.





US is saving it's own oil b/c it want sto have reserves in case war breaks out and imports stop, or Arabs decide to stop selling oil to the west.





In a sense, US oil reserves prevent arabs from trying to increase the price further.
Alberta's estimated oil reserves was raised from total conventional oil reserves of around 5 gigabarrels (billion barrels) to the much larger figure of around 180 gigabarrels by the inclusion of the Athabasca Oil Sands deposit by the Alberta Energy and Utilities Board (AEUB), placing Canada second only to Saudi Arabia.





US' proven oil reserves declined to a little more than 21 gigabarrels by the end of 2004 according to the Energy Information Administration, a 46% decline from the 39 gigabarrels it had in 1970 when the huge Alaska North Slope ('ANS') reserves were booked.





Saudi Arabia had 250 gigabarrels, so more than US and Canada together, and so the OPEC has more oil.