It's the largest domestic oil discovery since Alaska's Prudhoe Bay and has the potential to eliminate all American dependence on foreign oil.
The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even
supposedly, we are keeping it in reserve if the other countries run out.
so we can profit from it over here.
The record didn't stand for long. By the end of the year, Apache and its partner, Encana, topped it by half at a neighboring site.
As furious debate over fracking continues in the United States, it is instructive to look at how a similar gas boom is unfolding for our neighbor to the north.
To a large extent, the same themes have emerged as Canada struggles to balance the economic benefits drilling has brought with the reports of water contamination and air pollution that have accompanied them.
The Canadian boom has differed in one regard: The western provinces' exuberant embrace of large-scale fracking offers a vision of what could happen elsewhere if governments clear away at least some of the regulatory hurdles to growth.
Even as some officials have questioned the wisdom of doing so, Alberta and British Columbia have dueled to draw investment by offering financial incentives and loosening rules. The result has been some of the most intensive drilling anywhere.
This is a story about the environmental impact of the Alberta oil sands, located in northern, Alberta, Canada. This sparsely-populated region of ...
Alberta, Canadian Natural Plan 150,000 Bbls/Day Oil-Sands Refinery OTTAWA -(Dow Jones)- The Alberta government said Wednesday it reached an agreement to support the construction of a C$5 billion (US$5. (TSX VENTURE:EDE) ("Edge" or the "Company") is pleased to announce that it has completed the previously announced (January 5, 2011) acquisition (the "Acquisition") of certain producing, conventional oil and gas assets in Southern Alberta for $5....
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Canadian news facts Esso Resources Canada Ltd., wholly owned by Imperial Oil Ltd., ... was made by the Alberta Petroleum industry and supported by the Quebec Government. ... |
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128 pages |
Frommer's Alberta Alberta is the wealthiest province in Canada, with a GDP that is one of the ... to suburban sprawl and the gigantic industrial wasteland, the northern oil ... |
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Canada and the world Northern gas will be much more expensive than Alberta's, and northern oil reserves may not be large enough to justify a pipeline. Atlantic oil and gas ... |
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566 pages |
Whose Canada?, continental integration, fortress North America, and the corporate agenda Canada and the Province of Alberta were urged to bring on new production from ... deeper integration of the oil and gas industries of North America. nafta ... |
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800 pages |
Alberta's petroleum industry and the Conservation Board ... Angeles- based Richfield Oil Corporation appeared in Edmonton in June 1958 with a proposal to detonate a nuclear device in Alberta's northern oil sands. ... |
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Cross-Border Keystone XL Pipeline May Change Oil's Landscape Meanwhile, the obvious benefit of bringing in oil from Canada's rich unconventional reserves has not been lost upon others in the energy industry. Enbridge Inc.'s (ENB, ENB.T) proposed Northern Gateway pipeline project, for example, would transport |
Director - Capital Program
Wood Buffalo is a small principality in Northern Alberta that is well renowned for its oil sands industry, and it has played a significant role in the history of the petroleum industry in Canada. With a renewed drive to expand production in Canada's
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Redford: Oilsands criticism "shortsighted, misinformed, exaggerated." Redford said her government will support Enbridge's proposed Northern Gateway oil pipeline to the BC coast, as well as Keystone XL, to secure high-value markets in Asia for Alberta's oil and gas. Since became premier last month, Redford has had it on |
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Canam eyeing Canada's north for work while south and US remain difficult The Montreal-based company was recently awarded a small oil and gas project in northern Alberta and is bidding on work in Quebec's Far North. "For many years, Canadians tended to look south for opportunities. I think right now we're looking north and |
Awash in Oil, Canada Looks Toward China
OTTAWA — Ever since an oil well near Leduc, Alberta, made Canada a significant oil producer in 1947, the energy export business here has relied almost entirely on the United States. Thanks to the massive oil sands of northern Alberta,
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Athabasca oil sands - Wikipedia, the free encyclopedia
... the oil industry, and the third mine, operated by Shell Canada, did ... Oil sands were the source of 62% of Alberta's total oil production and 47% of all oil produced in Canada. ...
Oil and Gas Industry News Canada, Alberta, Calgary | Northern ...
Northern Star covers all of the Canadian Oil & Gas Industry News! ... Living In an Unconventional World: Canada's Oil Sands and the Future of Energy Security ...
Alberta Energy: Oil Sands
News. Welcome to Alberta's Oil Sands the third-largest proven crude oil reserve in the ... Alberta in conjunction with industry seeks to enhance Alberta's role ...
Oil sands - Wikipedia, the free encyclopedia
At the present time, only Canada has a large-scale commercial oil sands industry, ... Most of the oil sands of Canada are located in three major deposits in northern Alberta. ...
Syncrude Oil Sand Mine, Alberta - Mining Technology
News and project information on the Syncrude Oil Sand Mine, Canada ... The development of the oil sands industry in northern Alberta has inevitably had a major ...