[Ost-news] Tar Sands the Only Reason Reserves Not Dropping

[Oil Sands Truth: Shut down the Tar Sands - social and environmental impacts of tar sands heavy oil projects across North America]

Global oil reserves up only 1% last year  
Canada's Oilsands Sole Booster, Study Says  
Claudia Cattaneo, Financial Post  
Published: Thursday, August 30, 2007  
[http://www.canada.com/nationalpost/financialpost/story.html?id=7bd3bdc5-...][1]

CALGARY -- Record global oil and gas profits of US$243-billion and record spending of US$401-billion have resulted in a marginal 1% increase in world oil reserves last year -- all of it coming from a 1.9-billion-barrel addition from Canada's oilsands, according to a new study.

[read more][2]

    [1]: http://www.canada.com/nationalpost/financialpost/story.html?id=7bd3bdc5-8af5-425a-9875-7507731c1c52&k=93003 (http://www.canada.com/nationalpost/financialpost/story.html?id=7bd3bdc5-8af5-425a-9875-7507731c1c52&k=93003)
    [2]: http://oilsandstruth.org/tar-sands-only-reason-reserves-not-dropping

URL: http://oilsandstruth.org/tar-sands-only-reason-reserves-not-dropping