{"id":517,"date":"2014-04-09T06:58:51","date_gmt":"2014-04-09T06:58:51","guid":{"rendered":"http:\/\/www.asadkarim.co.uk\/?p=517"},"modified":"2014-04-09T06:58:51","modified_gmt":"2014-04-09T06:58:51","slug":"canada-and-its-petrodollar","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=517","title":{"rendered":"Canada and its PetroDollar"},"content":{"rendered":"<p>Canada over the past decade has become a very wealthy country due to its oil reserves. By reading the BP Annual Statistical Review of World Energy, we can learn more about Canadian Oil Wealth<\/p>\n<p>[<a title=\"BP Annual Energy Statistical Review\" href=\"http:\/\/www.bp.com\/content\/dam\/bp\/pdf\/statistical-review\/statistical_review_of_world_energy_2013.pdf\" target=\"_blank\">http:\/\/www.bp.com\/content\/dam\/bp\/pdf\/statistical-review\/statistical_review_of_world_energy_2013.pdf<\/a>]<\/p>\n<p>Canada has <strong>174 Billion Barrels of Oil Reserves<\/strong>, and a lot of this is from the Tar Sands in Alberta. [<strong>174,600,000,000<\/strong>]<\/p>\n<p>Now with Crude Oil at <strong>US$106.59<\/strong> a barrel a crude value to Canadian Oil Reserves is:<\/p>\n<p>174,600,000,000 x $106.59 = <strong>$18,610,614,000,000<\/strong> = $18 Trillion = <strong>\u00a310.85 Trillion<\/strong>.<\/p>\n<p>Today Canada produce<strong> 3,741,000 Barrels a day<\/strong> from its oil reserves, that is worth:<\/p>\n<p>3,741,000 Barrels x $106.59 = <strong>$398,753,190<\/strong> = $398 Million a day = <strong>\u00a3240 Million a day<\/strong>.<\/p>\n<p>Now one can see why The Canadian Dollar is becoming so strong, and with the USA on the door step, the Canadian oil industry has a very nearby consumer.<\/p>\n<p>Incredible to think that it was only 15 years ago that Nortel, was the world&#8217;s largest company, whose value was so great that is\u00a0was 30% of the Toronto Stock Exchange, a name that has sadly vanished, and today, Canada has moved from a telecoms giant to an energy powerhouse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada over the past decade has become a very wealthy country due to its oil reserves. By reading the BP Annual Statistical Review of World Energy, we can learn more about Canadian Oil Wealth [http:\/\/www.bp.com\/content\/dam\/bp\/pdf\/statistical-review\/statistical_review_of_world_energy_2013.pdf] Canada has 174 Billion Barrels of Oil Reserves, and a lot of this is from the Tar Sands in Alberta. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-517","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=517"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/517\/revisions"}],"predecessor-version":[{"id":518,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/517\/revisions\/518"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}