A von Altendorf

World Oil Reserves: Russia's on the Map

Estimates of reserves are based on USGS survey ccompleted in 2000, a better graphic and explanatory text available here:
www.agiweb.org/geotime...

Russia indeed has the greatest potential, most of it in Western Siberia, followed by Greenland and other Arctic waters. Reservoirs in China have been wrecked, Saudi Arabia and Iran are in decline.

See also my negative research report last week on Brazil seekingalpha.com/artic...

I agree that Canada is an extremely important resource, but not oil sands, rather new oil & gas exploration in the far north and near Greenland: Cairn Energy Plc, EnCana, Husky, DONG, Chevron.

Thursday Outlook: Commodities, Emerging Markets

David's commentary is a favorite, highly informative.