Tuesday, January 10, 2006

Oilsands worlds largest source of new crude oil by 2010

The oilsands will become the most important source of new oil in the world by 2010, as conventional crude supplies dry up, CIBC World Markets says in its monthly report.Alberta will sit on one of the most valuable energy sources in the world by that time, and one of the few still open to private investment, Jeff Rubin, chief economist at CIBC World Markets, the banks wholesale banking arm, said.
http://www.cbc.ca/calgary/story/ca-oilsands-crude20060111.html?ref=rss
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