Oilsands to Be World’s Largest New Energy Supply by 2010

As conventional oil reservoirs deplete rapidly around the world, Canada’s oilsands will be the biggest contributor to new global supply by the end of the decade, predicts CIBC World Markets [TSX:CM].

And in an energy market where state-owned firms control a major portion of global daily production, the oilsands provide one of the few remaining growth opportunities for investors, chief economist Jeff Rubin said Tuesday.