[thackney]

There is no doubt that the Ghawar field in Saudi Arabia has had much more money invested in it than Alberta's oilsand project.

$150 Billion in a decade? I would say there is considerable doubt.

If you want to look at some big numbers, check out what the Saudis are doing.

That link describes plans to spend a total of $29 billion. Why is that supposed to be more impressive than $150 billion? It is less than 20% of the Alberta projects.

[kabar]

You don’t seem to get it. The amount of money spent on those projects is new money. Do you have any comprehension what it takes to develop such a field. I lived in Saudi Arabia for five years and have seen those fields and other major projects. Believe it or not, $150 billion in the oil industry is not a lot of money.