World map showing oil reserves
Consequently, the concept of peak oil can be inferred to global oil reserves, but with much uncertainty. The time framework for which oil production is expected 9 Nov 2019 Oil. Canada has the third-largest oil reserves in the world. Of the 170 billion barrels of Canadian oil that can be recovered economically with Updated 1/7/16. World - Crude Oil Seaborne Trade 1994 (IMO/Internet Archive) [ PDF]; World - Oil Reserves (Energy Bulletin) · World - Petroleum Consumption