Global Finance, Energy and Environment: News, Views, and Stories of Interest
Wednesday, April 18, 2012
Canada | #4 Richest Total Resource Value (24/7 Wall Street)
4. Canada > Total resource value: $33.2 trillion > Oil reserves (value): 178.1 billion barrels ($21 trillion) > Natural gas reserves (value): not in top 10 > Timber reserves (value): 775 million acres ($11.3 trillion)
Prior to the addition of its oil sands deposits to its proved reserves total, Canada probably would not have even made this list. The oil sands added about 150 billion barrels to Canada’s total in 2009 and 2010. According to most recent estimates, the country now has 178.1 billion barrels, giving it an estimated 17.8% of total global reserves, the second highest behind Saudi Arabia. The country also mines a good deal of the world’s phosphate, even though its deposits of phosphate rock are not among the top 10 in the world. The country also has the second-largest proved reserves of uranium and the third-most available timber.