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Two major tar sand areas
The two major tar sand areas in the world are: Eastern Alberta, Canada & North of Orinoco river, Venezuela
Topics : Oil and Gas Oil
Tar Sands in Northern Alberta
Estimates are that there are 300 billion barrels of recoverable oil in tar sands in Alberta. Venezuela is also believed to contain 300 billion barrel of extra heavy oil
Tags : tar sands heavy oil alberta
Topics : Oil and Gas Oil
Iran and Venezuela largest oil producers after Saudis
, the Saudis are unlikely to cut another 2 million barrels per day on their own. With several hundred billion dollars in the bank and a relatively small population, they can tolerate prices at today's levels much longer than big-spending Venezuela and Iran. The Saudis want to see those countries, which are the two largest OPEC producers after the kingdom, take more of the pain
Tags : iran saudi arabia oil oil producers
Topics : Oil and Gas Oil