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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Chispas who wrote (474)2/23/2004 2:29:26 PM
From: mishedlo  Read Replies (2) of 116555
 
Oil Sands
ffden-2.phys.uaf.edu

Oil sands currently represent 40% of Alberta's total oil production and about one-third of all the oil produced by Canada. By 2005, oil sands production is expected to represent 50% of Canada's total crude oil output and 10% of North American production. Although tar sands occur in more than 70 countries, the two largest are Canada and Venezuela, with the bulk being found in four different regions of Alberta, Canada: areas of Athabasca, Wabasha, Cold Lake and Peace River. The sum of these covers an area of nearly 77,000 km2. In fact, the reserve that is deemed to be technologically retrievable today is estimated at 280-300Gb (billion barrels). This is larger than the Saudi Arabia oil reserves, which are estimated at 240Gb. The total reserves for Alberta, including oil not recoverable using current technology, are estimated at 1,700- 2,500Gb.
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