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IEA sees Canadian dominance in oil

Posted on 29 November 2012

Canada needs to capitalize on its booming oil sector to maintain a leadership position in an evolving energy market, the IEA’s top economist said.
The U.S. Energy Department’s Energy Information Administration states that Canada has the third-largest amount of oil reserves in the world behind Saudi Arabia and Venezuela. About 98 percent of Canadian reserves exist as oil sands, which the EIA said accounts for 170 billion barrels worth of oil………………………………………..Full Article: Source


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