Canada Could Surpass Saudi Arabia in Oil Production

The National Post reports:

As energy demand grows, Mr. Hatch said the United States will increasingly need to tap into the huge supply of Canadian oil becoming available from Alberta's oilsands.

Canada ranks second to Saudi Arabia in proven crude oil reserves, including an estimated 174 billion barrels from the oilsands.

"Anyone watching what is happening up north will recognize that, before long, Canada will inevitably overtake Saudi Arabia as the world's oil giant," said Mr. Hatch. "What does this all mean for the United States? It means that the United States can enjoy a new gigantic source of oil from a friendly neighbour."

Alberta's ability to make oilsands production economically viable is a "great success story," said Mr. Hatch, who at one point joked that "we in this country don't want to be on Canada's shit list, ever."

A Senator using colorful language.